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Condos for sale in Patong
Tranio's representative offices
Tranio Global Real Estate
Lagoon Plaza, 21/6 Lagoon Rd, Cherngtalay Thalang Choeng Thale, Thalang District, Phuket 83110, Thailand
Tranio Global Real Estate
Ohmydesk Business Center, Al Fattan Downtown, 32d St, 103-104, Al Satwa Dubai, UAE
Tranio Global Real Estate
67 Jl Bypass Ngurah Rai Br Kerthayasa, Bali, Kuta Badung, 80361
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FAQ about Patong
Can foreign nationals buy condominiums in Patong?
Foreign nationals can buy condos in Patong, choosing either freehold or leasehold as the form
of ownership. Apartments in condominiums can be freehold
(fully owned), provided that foreign nationals own no more than 49% of the area in this condominium, or leasehold
(rented for long terms). When interested in buying property, the foreign investor
has two options: having a condo on leasehold for 30 years (the term can be renewed twice) or purchasing the property
through a limited company.
What is the average cost of a condominium in Patong?
The cost of a condo in Patong ranges from $57,000 to $22,688,000.
The average price per square meter in Patong — $3 920. Now we have best offers of condominiums in Patong.
Why invest in condominiums in Patong?
The reasons for investing in condominiums in Patong property are the following:
- Patong being the most popular resort on the island of Phuket, the local accommodation is almost always in high demand. Investors looking to rent out their condos can benefit from this.
- Affordable prices for condominiums in Patong — demand is constantly high, but prices are not as high as in other tourist destinations in Asia.
- The proximity of the airport — is only an hour away from Patong.
Can I earn money by renting a condominium in Patong?
Condominiums in Patong are in great demand among tourists and buyers. With the year-round tourist
season you can have a great rental income. There are many projects with guaranteed returns of 7–10%. Management
companies provide full condo maintenance service. You can also use your apartment as a holiday home for 2–4 weeks
a year without losing income.
How long can I rent my condominium out in Patong?
Patong has a year-round tourist season. October through April is the high season without rains,
when most tourists arrive. May through September is the low season, which is characterised by short tropical rains,
but even during this time the air temperature does not drop below 30 degrees.
Can foreigners take out a mortgage to buy a condominium in Patong?
Thai banks do not provide mortgage loans for the purchase
of condominiums in Patong for non-residents. Moreover, foreign nationals can´t get a bank loan for any
purpose.
Can foreigners obtain Thai citizenship through a condominium purchase in Patong?
Permanent residents can apply for citizenship.
Thailand citizenship allows you to buy a condominium in Patong, own any business
and apply for any kind of job.
You can apply for Thai citizenship:
- residence in Thailand for at least five years;
- permanent employment;
- to be married to a citizen of this country;
- your baby was born in Thailand.