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Down Selling Twinpalms Residence by Mont Azure, the ultra luxury low rise beachfront condominium at Kamala beach, Phuket which is surrounded by 5 stars hotels as Intercontinental Hotel and International Beach Club. And only 15 minutes away from lively Patong beach. . With only 3 stories per buildings and total of 75 units in the area of 9.39 rai, ultimate privacy is guaranteed. . Great opportunity to own a luxury residence in an upscale beach location and good investment opportunity at a very reasonable price. . Twinpalms Residences MontAzure represent one of the first phases in the unique, master-planned MontAzure resort and residential community, which covers some 450 rai (178 acres, 72 Hectares) of spectacular hillside to beachfront terrain in Kamala, Phuket. The full vision for the development includes an international hotel, ultra luxury private estates, beach facilities, an upscale lifestyle and retail centre, medical wellness spa and protected forest nature reserve. . One-bedroom unit for sale at the new luxury beach-front residence in an exclusive Kamala Beach in Phuket. Fully-furnished with electrical equipment and bathtub (as shown in the pictures) —consisting of one bedroom, one bathroom, living and dining area, kitchen, balcony and private garden with pool access. . The project will be run and operated the 15-year rental program by Twinpalms Management who is one of the most successful resort operator in Phuket (in terms of high occupancy rate and brand). The rents and revenues will be provided to the owners on the basis of 40% (minus all expenses) and be able to enjoy the resident for 45 nights per year (including weekend and holidays)
Foreign nationals can be freehold owners of condominium units, in buildings where not more than 49% of the unit floor space is owned by foreigners. Units that are part of the Thai quota or are being leased for 30 years can be converted to the foreign freehold quota if that is currently below 49%.
Foreigners can own a condominium Freehold in their own name. Condominium ownership is best explained by looking at an example of a project that has 100 units for sale.
In this example, 49 of the total units in this building (or 49% of the total salable area) can be owned outright by non-thai nationals in their name. The ownership titles of these 49 units is referred to as Freehold or Foreign Quota.
This leaves 51 units remaining in the building (or 51% of the total salable). The freehold rights to these units are reserved for Thai nationals in what is commonly referred to as the Thai quota.
After you have found the right property at Twinpalms Residences by Montazure you have to follow these steps:
Thailand has different visas like Spousal Visa, Retirement Visa, Student Visa and Elite Visa - just to name a few options. Each visa has different requirements but they are usually easy to obtain.