Foreign Freehold Condo Affordable Phuket Town Condo For Sale
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|
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
- Air Conditioning
- Built-In Furniture
- Cable/Satellite TV
- Close to Shops/Restaurants
- Foreign Freehold
- Gated Estate/Security
- Internet Access
- Ready to Move In
- Reception/Management Office
- Sharred Swimming Pool