WHY PATONG BAY, PHUKET?
 

PHUKET CITY, ON PHUKET ISLAND, IS THE CAPITAL OF THAILAND’S PHUKET  PROVINCE. WITH GORGEOUS WEATHER ALL YEAR ROUND AND BREATHTAKING BEACHES.  PATONG BAY IS THE BUSIEST TOURIST BEACH ON PHUKET ISLAND’S WEST COAST!
 

Consequently the area’s real estate market is expected to grow by 6 to 8 percent in 2022 alone - with a strong and steady economic growth rate in Thailand at large. Therefore it is not surprising that more and more foreign nationals are expressing an interest in buying property here - and there has never been a better time to invest in PhuketThailand.

Waterfall Heights is nestled in a rainforest near the centre of the main resort town of Patong which is home to many other high-end seaside resorts, spas, restaurants, busy markets and nightclubs.

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WAYS TO INVEST IN WATERFALL HEIGHTS

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For foreign nationals that want to purchase a property in Thailand, there is a crucial fact to consider: Does Thailand’s land code allow foreigners to own land here? Each of these options comes with a unique set of advantages and disadvantages. There are currently two ways in which foreigners can own property in Thailand, and in which you can buy an apartment at Waterfall Heights:

 

Option 1 - Freehold Ownership

Buying a freehold apartment in Thailand provides foreign investors and home owners security of tenure and provides absolute and full rights of ownership over the property indefinitely.

Purchasing an apartment at Waterfall Heights through Propertystore Thailand Co.Ltd (a limited company) means that you will have ‘Freehold Ownership’ on a debt free and unencombered property in Patong Bay, Phuket Thailand, which may be sold or bequethed to heirs.

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Option 2 - Leasehold Ownership

The alternative is to acquire your apartment through a leasehold tenure in which case you are allowed to own the apartment for a set period of 30 years with the opportunity of renewing the contractual agreement for two subsequent 30 years period extensions(90years), protected under Thai law.

 

This lease entitles foreign nationals as the land lessee and rightful occupier during the entire lease period, and is acknowledged by Thailand’s Land Department as a guaranteed right, which may be sold or bequethed to heirs.

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Further more, when buying a property at Waterfall Heights it enables owners to obtain various visa options for living in Thailand which we can also assist you in the process!

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YOUR RETURNS

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Patong is the biggest and most commercial beach in Phuket and almost every foreigner who visits phuket comes to Patong. Furthermore with a number of first-time buyers delaying their investments in Thailand due to the Covid-19 pandemic over the last couple of years, and the resurgance of tourism in the more recent ‘relaxed’ travel laws in Thailand, there currently appears to be a high demand for rental properties again.

This has basically tipped the scales where rental demand far exceeds the current supply in respect to upscale luxury properties. This presents property owners with attractive returns on their investments in Phuket.

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Download the Waterfall Heights Investment Essentials Brochure for more details >

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LIVING IN THAILAND

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SEVERAL OPTIONS ARE AVAILABLE FOR APARTMENT OWNERS WHEN WANTING TO STAY IN THEIR APARTMENTS IN THAILAND FOR A WHILE! THESE INCLUDE:

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PROPERTY INVESTMENT VISAS

Investment visas are unique because anyone can get them regardless of employment, spouse, age, or nationality and it allows you yearly renewable long term stay in Thailand. You and your family can qualify under Thailand’s investor visa program by purchasing or leasing a brand new apartment (under the Condominium Act) in Thailand from a developer. Second hand properties are not covered under this program.

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Thailand’s investment visa is for investments of 10 million baht or more (around US$300,000), and can be acquired via the purchase of multiple properties totalling that value.

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The requirements are straightforward, where just an EFT and bank statement are required as proof of your investment, apart from the obvious other ID requirements.

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A Thai property investment visa nonetheless allows you yearly repeat access to one of Asia’s most centrally located and dynamic economies. Of course, this enables you to live in Thailand for as much as a lifetime if that’s your goal.

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TOURIST VISAS

This is a 60-day Tourist Visa to Thailand that can either be a multiple or single entry and can be extended for up to another 30 days by means of a visa run. Well if you want to extend longer than 30 days, you can convert the visa to a Non-Immigrant Visa which will require you to go to the nearby city or country such as Penang and Kuala Lumpur, Malaysia. 
 

Download the Waterfall Heights Investment Essentials Brochure for more details >

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