Freehold Property Kathu Phuket Condominium For Sale
Kathu Phuket Condominium
FREEHOLD PROPERTY FOR SALE IN A CONDOMINIUM PROJECT LOCATED IN KATHU PHUKET, THAILAND.
This freehold property is located conveniently between Phuket Town and Patong Beach in Kathu and bring inspiration from the mountains bringing about a simplicity and harmony between nature and architecture. This area of Kathu provides great access to work, shopping and leisure facilities and now is made faster and easier with Patong just a five minute drive away.
This developer is a leader in the industry with multiple projects on the island. They are one of the best Thai builders and publically listed. This condo project is set on 5.2 Rai of land and comprises three 8-story buildings. All suites are studio condominiums and approximately 29 sqm. This same reputable developer has three freehold properties in Kathu at the moment, each with a different theme.
Facilities include a swimming pool, 2 lifts per building, exercise room, multi-purpose areas, garden and outdoor recreation areas, lobby, WiFi at the lobby and pool. Plus 24 hour security, CCTV, Key Card access and parking.
Condominium Freehold Property
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.
|Freehold Property Unit for Sale||Priced From (THB)||Unit Size||View||Floor|
|Studio||฿ 1,744,000||29.9 sqm||South||Top Floor (8th)|
|Studio||฿ 1,849,000||29.9 sqm||North||Top Floor (8th)|
Ownership: Foreign Freehold and Leasehold
Total Number of Units: 653
Price Per Square Metre: 50,502 THB
Monthly Maintainance (CAM) Fee: 1,196 THB
Sinking Fund: 14,950 THB
Rental Income (Yield): No Rental Pool
Project Completed: Q2 2015
Listing ID# (Freehold Property): 1848
- Air Conditioning
- Built-In Furniture
- Cable/Satellite TV
- Close to Shops/Restaurants
- Foreign Freehold
- Fully Furnished
- Gated Estate/Security
- Internet Access
- Ready to Move In
- Reception/Management Office
- Rental Program
- Sharred Swimming Pool