For sale (Falang Freehold)

6.8MTB

Looking for the perfect place to call home in Phuket? Look no further than this beautiful house in Layan Green Park, one of the most sought-after developments on the island. This spacious condo offers 45.40 sqm of living space on the 2nd floor and is perfect for those seeking the ultimate in comfort and luxury. For sale by owner (Falang Freehold) for 6.8MTB, this is a rare opportunity to own a piece of paradise in this highly coveted development.

The project is 95% sold, and there are no apartments left at this size, so act fast! The condo is nearly completed and is expected to be move-in ready by October 2023. The current price is 150,000baht per sqm, but it will go up 10,000 baht when completed, so don’t miss out on this chance to get in early.

Contact us today for more details or to schedule a visit.

What does Farang Freehold mean?

“Farang freehold” is a term commonly used in Thailand to describe a type of property ownership that allows foreigners to own the property outright, without any restrictions on ownership or use. In other words, it means that the foreign owner has the same legal rights and protections as a Thai citizen who owns a property.

In Thailand, foreigners are generally not allowed to own land in their own name, but they can own condominium units freehold under certain conditions. These conditions include that the condominium project must be majority-owned by Thai citizens, and the foreigner’s ownership of the unit cannot exceed 49% of the total area of all units in the project.

Therefore, a property being advertised as “Farang freehold” means that it is a condominium unit that meets the requirements for foreign ownership and can be owned freehold by a foreigner.