Foreign Freehold Condo Affordable Phuket Town Condo For Sale | All Phuket Condominiums

Foreign Freehold Condo Affordable Phuket Town Condo For Sale

Overview

ID: #2365
Price: ฿ 2,894,600
Type: Condominium Apartment
Contract: For Sale
Location: Condos for Sale in Central Phuket
Bathrooms: 1
Bedrooms: 1
Area: 33m2
Rating:
Foreign Freehold Condo Affordable Phuket Town Condo For Sale
4.3 (85.83%) 24 votes
Foreign Freehold Condo Affordable Phuket Town Condo For Sale
4.3 (85.83%) 24 votes

Affordable Phuket Town Condo


FOREIGN FREEHOLD CONDO UNITS FOR SALE IN A CONDOMINIUM PROJECT LOCATED IN UPTOWN PHUKET, THAILAND.


At this development in uptown Phuket you will delight in the much desired privacy and array of first-class facilities. A positive character can go a long way to create a good impression, and that explains why choosing an address that is complementary to your character is so important.

The superb location right at the heart of uptown Phuket City makes it so easy to commute to work, restaurants, shopping venues and all entertainment locations throughout the city and beyond. This development is located right next to the new mega mall being constructed making this a shoppers dream.

This foreign freehold condo is set on 5 Rai of land and comprises three 7-story buildings for a total of 387 suites. Two unit sizes are available, one bedroom condominiums from 32.5 – 33.5 sqm and two bedroom condominiums from 55.5 – 57.0 sqm.

Condominium facilities include a large swimming pool, kids pool, exercise room, multi-purpose area, outdoor recreation areas, lobby, WiFi, 24 hour security, CCTV and parking. For a limited time, free furniture package and free transfer fees on select condominium units.

Foreign Freehold Condo Title

This property will be a registered condominium. This means that 49% of the units can be sold as “condominium freehold”. This is special legal type of freehold title that foreigners can directly and legally own in Thailand, just as they would own a freehold property in their own country. Due to the fact that condominiums are a special form of property that foreigners can own, many aspects of condominiums are governed by legislation contained in The Condominium Act. This clarifies the law for property developers and provides a degree of “consumer protection” for condominium buyers.

Important Tip: Prior to purchasing a condominium unit, it is important to check the ratio of foreign ownership. If there are remaining units within the 49% foreign ownership quota, these can be purchased freehold by foreigners. If no foreign quota remains, the remaining units can only be purchased leasehold. The difference in legal title and ownership rights are substantially different.

 

Foreign Freehold Condo for Sale Priced From (THB) Unit Size View Floor
One Bedroom ฿ 3,079,400 33 sqm City View Top Floor
Two Bedroom ฿ 4,882,500 55.5 sqm City View Forth Floor

Development Details

Ownership:  Foreign Freehold and Leasehold

Total Number of Units:  387

Price Per Square Metre:  87,715 THB

Monthly Maintainance (CAM) Fee:  1,815 THB

Sinking Fund:  16,500 THB

Rental Income (Yield):  Managed By Owner

Project Completed:  Q3 2014

Listing ID# (Foreign Freehold Condo):  2365

 

Inquire On This Property



Freehold is the most complete and absolute ownership interest that can be held in property. Freehold property belongs to the owner indefinitely and therefore represents absolute ownership of real property. Buying a "condominium freehold" uit is one of the easiest ways for foreigners to acquire direct property ownership in Thailand.
There is a general perception that Thai property law is complicated. Actually, the opposite is true: the laws relating to foreign property ownership is Thailand are quite clear. Foreigners buy and can own "freehold condominiums". Only 49% of the condominium building can be sold as "freehold condominium". Foreigners can take a 30 year lease on an apartment, condominium or flat, registered at the land office.


G. Carlson

G. Carlson

Born on the West Coast of the United States and raised in Texas. Greg Carlson is co-founder of The Carlson Group Consulting Co. Ltd. Specializing in Phuket real estate services and bringing passion to the industry. His reputation has made him one of the most trusted realtors on the island of Phuket.
G. Carlson

General amenities

  • Air Conditioning
  • Built-In Furniture
  • Cable/Satellite TV
  • Close to Shops/Restaurants
  • Foreign Freehold
  • Gated Estate/Security
  • Gym
  • Internet Access
  • Parking
  • Ready to Move In
  • Reception/Management Office
  • Sharred Swimming Pool
  • Terrace/Balcony

Map

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