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The property PH-8879 is a 230 square meter resale penthouse with 3 bedrooms and 4 bathrooms that is available for sale. It is part of the Diamond Condominium Patong project in Patong, Phuket and was completed in 2002 Oct. You can buy this penthouse freehold for a base price of ฿15,000,000 (฿65,217/Sq.M). It is also available for long term rental for ฿65,000 per month.
European style furniture condo with stunning seavie
Condominium in quite area surrounded by trees and countryside but still centrally located
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 Diamond Condominium Patong 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.