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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 The One Naiharn you have to follow these steps:
Standard Installment Milestone Payment Reservation Deposit Immediately ฿150,000 1st Installment Upon contract signing 35% 2nd Installment Land Preparation 15% 3rd Installment Foundation Completion 15% 4th Installment Superstructure Completion 10% 5th Installment Doors & Windows Installation 10% 6th Installment Interior & Furniture Installation 10% 7th Installment Unit Registration 5% Financing Installment Milestone Payment Reservation Deposit Immediately ฿150,000 1st Installment Upon contract signing 50% 2nd Installment Financing 50% Buy Back 100% Installment Milestone Payment Reservation Deposit Immediately ฿150,000 1st Installment Upon contract signing 100% Rental Guarantee Advanced Installment Milestone Payment Reservation Deposit Immediately ฿150,000 1st Installment Upon contract signing 100% Thailand Elite Visa Installment Milestone Payment Reservation Deposit Immediately ฿150,000 1st Installment 30 days after contract signing 100%
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.
The One Naiharn is conveniently located just 800 m from 7 Eleven, which can be reached within 10 mins. by foot.
There are many other shops situated in the area of The One Naiharn, the 3 closest being:
- three ground is 2.3 km away (an approx. drive of 6 mins.)
- Tuck beauty's shop is 2.1 km away (an approx. drive of 5 mins.)
- Tubtim Thong Thong Gold Store is 1.8 km away (an approx. drive of 4 mins.)
The surrounding area, where The One Naiharn is situated, offers a wide variety of restaurants. See the closest of them below:
- Soi Suanwat thai food is 130 m away (a walk of about 2 mins.)
- Naiharn Garden Grill & Restaurant is 960 m away (a walk of about 12 mins.)
- King Restaurant is 970 m away (a walk of about 12 mins.)
Rawai Health Promoting Hospital is the nearest health facility, which is 3.4 km away (you can drive there in 7 mins.) from the project, while the closest schools in the proximity of The One Naiharn are:
- Amazing Phuket Adventures is 810 m away (about 10 mins. by foot)
- Rhapsody Green Cafe, Restaurant, Bar, Live Music, Sauna, Pool & Yoga Classes is 570 m away (about 7 mins. by foot)
- Thai Explorers Society is 970 m away (about 12 mins. by foot)
Phuket International Airport is located 47.6 km from The One Naiharn and it takes about 1 hour 7 mins. by car or taxi (depending on the traffic) to get there.