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Standing proudly within the vibrant city of Patong in the captivating province of Phuket, the luxurious Viva Patong project beckons with its prestigious residence. This 37.22 square meter studio condo comes with a full bathroom and is the perfect place to set roots and begin life in the City of Fun.Even more enchanting is that it was completed in March 2018; this exquisite property is modern and secure, with all the necessary amenities and facilities to ensure sophisticated, comforting living in its enviable location.The interior of this sophisticated studio condo is warm, inviting and tastefully decorated. Neutral tones are complemented by soft lighting, with the living area opening to a bright balcony with stunning views of the city. A full bathroom with the latest fixtures complete the excellent layout of the condo, providing both convenience and style.Beyond its attractive facade, the Viva Patong resides within an exclusive compound. Residents benefit from the communal terrace overlooking the sparkling outdoor pool and lounge area, perfect for both relaxation and enjoyment. There is also a private gym and gardens, as well as 24-hour security to ensure carefree living.This incredible condo is offered for sale at a base price of ฿4,094,200 (฿110,000/SqM) - an unbeatable value for its unique combination of size, quality and convenience. All that remains is to be welcomed through its doors and begin life in the City of Fun. Unparalleled luxury awaits the savvy buyer who moves quickly to snatch up this exquisite opportunity.
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 Viva Patong you have to follow these steps:
Installment Milestone Payment Reservation Deposit Immediately $5,440 1st Installment Upon contract signing 40% 2nd Installment Within 60 days after the 1st payment 40% 3rd Installment On handover 20%
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.
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