VIDEO: PHUKET PROPERTY VISA: B3M Condo Rules Clarified, Hotel Murder Manhunt || April 23
VIDEO: PHUKET PROPERTY VISA: B3M Condo Rules Clarified, Hotel Murder Manhunt || April 23 — confirmed details at this stage for Phuket readers.
Foreign buyers seeking long-stay visas through the Phuket property market received clarification on B3 million condo investment rules on April 23, officials confirmed. The announcement detailed eligibility for the visa scheme, which targets those purchasing condominium units valued at B3 million or more in Phuket.
Visa Eligibility and Fee Structure
Authorities specified that only freehold condominium units with a minimum purchase price of B3 million qualify for the long-stay visa. The property must be registered in the applicant’s name, and resale or subletting is prohibited during the visa period.
Applicants face a non-refundable application fee of B10,000. Upon approval, an additional B50,000 visa issuance fee applies. Officials also noted that the visa is valid for five years and can be renewed if the property is retained under the same ownership.
The scheme aims to attract foreign investment while ensuring regulatory compliance in Phuket’s real estate sector. The clarification follows reports of confusion among buyers regarding minimum investment thresholds and permissible property types.
Source: https://www.thephuketnews.com/phuket-xtra-video-phuket-property-visa-b3m-condo-rules-clarified-hotel-murder-manhunt-april-23-100005.php
