Freehold Property Kathu Phuket Condominium For Sale | All Phuket Condominiums

Freehold Property Kathu Phuket Condominium For Sale

Overview

ID: #1848
Price: ฿ 1,510,000
Type: Condominium Apartment
Contract: For Sale
Location: Condos for Sale in Central Phuket
Bathrooms: 1
Bedrooms: 1
Area: 29.9m2
Rating:
Freehold Property Kathu Phuket Condominium For Sale
4.3 (85.45%) 11 votes
Freehold Property Kathu Phuket Condominium For Sale
4.3 (85.45%) 11 votes

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)

Development Details

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

 

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
  • Fully Furnished
  • Gated Estate/Security
  • Internet Access
  • Parking
  • Ready to Move In
  • Reception/Management Office
  • Rental Program
  • Sharred Swimming Pool
  • Terrace/Balcony

Map

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