Apartments or the more commonly referred to condominium, offer freehold titles to the foreigner looking to own property in Thailand. Whereas Villas are typically sold on long term leases due to the foreigner land ownership restrictions, condominiums can be owned outright and as a result have seen growing popularity in Phuket.
There are numerous condominium projects in Phuket, principally located near the beaches and offering stunning ocean views. A more limited number of condominium projects are found further inland with mountain or garden views. These tend to offer good value for the first time Phuket investor looking for affordable yet good quality properties. Most condominiums will have facilities such as swimming pools, clubrooms, and on site security. Many condominium projects now offer interesting rental returns by offering managed rental programs. This enables absentee owners to generate additional income while their properties are not in use
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