Author Topic: Buyers of a SouthPoint condo in Pattaya are entitled to a 20 year visa via......  (Read 1146 times)

0 Members and 1 Guest are viewing this topic.

Offline thaiga

  • Global Moderator
  • Korat forum specialist
  • *****
  • Posts: 14192
  • Karma: 34
                                  20 year visa via Thailand Elite

Buyers of a SouthPoint condo in Pattaya are entitled to a 20 year visa via Thailand Elite



INTRODUCING AN AFFORDABLE RESIDENTIAL VISA & PROPERTY SOLUTION*

Thailand Elite has offered proven long-stay visa programs to foreigners for over 12 years and is supported by the Thai government.
Since 2003, the team at Kingdom Property has delivered quality condominiums in prime locations around Thailand.
The latest project Southpoint, in the exclusive Pratumnak area of Pattaya, is under construction and due for completion in 2016.
Flexible payment plans allow for immediate or delayed recognition of your visa benefits.

southpointpattaya.com

Southpoint Construction Update - February 2015


Anyone who goes to a psychiatrist should have his head examined.

Offline thaiga

  • Global Moderator
  • Korat forum specialist
  • *****
  • Posts: 14192
  • Karma: 34
Re: Buying property with a 20-year visa
« Reply #1 on: June 11, 2015, 04:53:02 PM »
A first for Thailand: Buying property with a 20-year visa

In what is the first initiative of its kind in Thailand, one property developer has joined forces with Thailand Elite to offer a 20-year visa for purchases at its Pattaya condominium.

Purchasers at Kingdom Property’s Pattaya Southpoint development will be entitled to a 20-year visa, which amounts to five-year multiple-entry visa that is renewable every four years.

The visa will entitle its holders to benefits that include fast-track immigration clearance, assistance with driving licences, discounts and a bilingual helpline.

Nigel Cornick, Chief Executive Officer of Kingdom Property (pictured), said: “The long-stay solution will overcome many of the barriers that we see when selling our properties overseas. Generally unless you have a business visa, retirement visa or marriage visa, you are not permitted to stay for any length of time.

“This exciting partnership is akin to Malaysia’s My Second Home (MM2H) program and has massive potential.”

The visa will come as part of the purchase of a unit at Southpoint ans the owner can sell the unit and the visa together, if he or she so wishes.

“The target demographic for this initiative is very wide,” added Cornick.

The Thailand property-with-visa initiative is only applicable to Kingdom’s Southpoint project now, but given the possible impact on overseas buyers, it may not be too long before other Thailand property developers adopt similar initiatives for their developments.

Thailand Elite is 100 percent owned by The Tourism Authority of Thailand, which, in turn, is under the control of the Thai government.

Cornick added: “The fact Thailand Elite is working with Kingdom Property is a sign of confidence in itself.

“Ultimately this initiative will make Thailand property far more attractive to overseas property buyers,” he concluded.

Southpoint Pattaya is a two-tower freehold condominium in Pratumnak. It boasts 655 units ranging in size from 30 sqm to 97 sqm. Completion will be in the second quarter of next year.

propertyguru.com
Anyone who goes to a psychiatrist should have his head examined.

Offline thaiga

  • Global Moderator
  • Korat forum specialist
  • *****
  • Posts: 14192
  • Karma: 34
More information from developer about condo-for-visa deal

A report from Thursday regarding a property developer partnering with a state enterprise to offer a 20-year visa for foreign buyers at its Pattaya condominium prompted a follow-up by property news site DDProperty.com with more information:

Southpoint Pattaya is understood to be the first property in Thailand to offer a 20-year visa along with a property purchase – something that has been a major stumbling block for overseas property buyers with no business, family or retirement intentions.

To clarify the offering, Nigel Cornick, Chief Executive Officer of Kingdom Property, developer of Southpoint Pattaya, told DDproperty.com: “The deal is clear, Our entry level is around THB3 million including the visa, and there are no annual fees to pay.”

He added that his company has negotiated the package with Thailand Elite, which is fully owned by the Tourism Authority of Thailand. While the details of the agreement remain confidential, Cornick confirmed that should a buyer wish to add another person to the card there will be an extra THB500,000 to pay to Thailand Elite.

He also clarified that the additional person must appear on the title deed for the property.

“Any buyer is free to look at the other offerings from Thailand Elite and make their own decision regarding the benefits of our product,” he said.

As per the previous report, buyers at Kingdom Property’s Pattaya Southpoint development will be entitled to a 20-year visa, which amounts to five-year, multiple-entry visas which can be renewed every four years.

The visa will entitle its holders to benefits including fast-track immigration clearance, assistance with driving licences, discounts and a bilingual helpline.

“The long-stay solution will overcome many of the barriers that we see when selling our properties overseas. Generally unless you have a business visa, retirement visa or marriage visa, you are not permitted to stay for any length of time,” Nigel Cornick, Chief Executive Officer of Kingdom Property said. “This exciting partnership is akin to Malaysia’s My Second Home (MM2H) program and has massive potential.”

The visa will come as part of the purchase of a unit at Southpoint and owners can sell the unit and the visa together if they wish.

bangkok.coconuts.co
Anyone who goes to a psychiatrist should have his head examined.

 



Thailand
Statistics