| SOUTHPOINT Pattaya, the flagship condominium project of Kingdom Property, has paved the way into the Thailand market for expatriate and overseas buyers by offering 20-year visas and international loan facilities though exclusive partnerships with Thailand Elite Card and ICBC (Thai) bank. The unique offer sees Kingdom Property team up with Thailand Authority of Thailand-managed Thailand Elite Card to provide overseas buyers of Southpoint Pattaya with rights to secure a 20-year visa to stay in Thailand, with fast track immigration and passport control processing among a number of benefits. |  |
Future owners at Southpoint can simply pay a reservation fee and submit their application form to Thailand Elite for processing within 14 days. Upon approval, they will obtain their Thailand Elite privileges immediately.
Once the project is complete next year, they are required to present a copy of their title deed to ensure the ongoing renewal of their visa.
In addition, the ICBC (Thai) Foreigner Housing Loan programme offers all non-resident customers of its Singapore branch SGD denominated loans, with the maximum loan limited to 50% of the condominium value or the equivalent of THB7.5 million. Customers need to be between 21-65 years old with the loan period set to between three to 10 years.
First year interest payments start at 5.25%, moving to 5.75% in the second year with an average of 6.5% for subsequent years.
Kingdom Property Chief Executive Officer Nigel Cornick commented: “These programmes provide a seamless answer to those investors who want to stay in Thailand and borrow money to invest.”
The 20-year Thailand Elite Membership also includes assistance with a driver’s license, Duty Free shopping benefits and discounts at partner hotels, restaurants and shopping malls.
Located on Pratumnak Hill, Southpoint Pattaya features unit sizes starting at 30sqm for studios, one-bedroom units ranging from 41sqm to 87sqm and two-bedroom units ranging from 61sqm to 97sqm. The condominium includes a dedicated sky deck with an infinity edge lap pool and fitness centre. It also has a landscaped family zone featuring a children’s pool and playground.
Once the project is complete next year, they are required to present a copy of their title deed to ensure the ongoing renewal of their visa.
In addition, the ICBC (Thai) Foreigner Housing Loan programme offers all non-resident customers of its Singapore branch SGD denominated loans, with the maximum loan limited to 50% of the condominium value or the equivalent of THB7.5 million. Customers need to be between 21-65 years old with the loan period set to between three to 10 years.
First year interest payments start at 5.25%, moving to 5.75% in the second year with an average of 6.5% for subsequent years.
Kingdom Property Chief Executive Officer Nigel Cornick commented: “These programmes provide a seamless answer to those investors who want to stay in Thailand and borrow money to invest.”
The 20-year Thailand Elite Membership also includes assistance with a driver’s license, Duty Free shopping benefits and discounts at partner hotels, restaurants and shopping malls.
Located on Pratumnak Hill, Southpoint Pattaya features unit sizes starting at 30sqm for studios, one-bedroom units ranging from 41sqm to 87sqm and two-bedroom units ranging from 61sqm to 97sqm. The condominium includes a dedicated sky deck with an infinity edge lap pool and fitness centre. It also has a landscaped family zone featuring a children’s pool and playground.
Key questions answered:
What are the terms of the 20-year Thailand Elite visas?
· Four consecutive 5-year multiple entry visas with extendable one-year length of stay per each entry
· No need to apply for the re-entry permit before leaving the country
· Every time a member arrives in Thailand by air, the immigration office at the airport will stamp a one-year permit to stay into their passport automatically. If the member stays for one year consecutively without leaving the country then he/she needs to apply for a stay extension.
Does the Thailand Elite visa allow foreigners to work in Thailand?
No, the Thailand Elite visa is classified as a tourist visa.
Where can Thailand Elite members have their visa arranged?
The five-year Thailand Elite visa can be arranged:
1. Upon arrival, at Suvarnabhumi, Phuket or Chiang Mai International airports.
2. If the member is already staying in Thailand, they can apply for the visa only at Cheangwattana Immigration Office and our staff can accompany the member to assist with the process.
3. At the Thai Embassy or Thai Consulate in the members’ home country
Can Thailand Elite members transfer their membership?
Yes, a one-time transfer to a third party for the property program is permitted but membership and ownership of the property must be transferred together. The transfer fee is 20% of prevailing rate inclusive of VAT.
Can additional Thailand Elite memberships be included with the purchase of the condominium?
Yes, a maximum of two memberships per unit applies at an additional charge of THB 500,000. The second member must appear as a co-owner on the SPA and title deed.
Can I obtain additional Memberships for my family?
The minimum age requirement for membership is 20 years old. Therefore, a spouse or child that meets this requirement can be a co-buyer of the unit and pay the additional THB 500,000 charge in accordance with the other conditions stated above.
www.southpointpattaya.com
What are the terms of the 20-year Thailand Elite visas?
· Four consecutive 5-year multiple entry visas with extendable one-year length of stay per each entry
· No need to apply for the re-entry permit before leaving the country
· Every time a member arrives in Thailand by air, the immigration office at the airport will stamp a one-year permit to stay into their passport automatically. If the member stays for one year consecutively without leaving the country then he/she needs to apply for a stay extension.
Does the Thailand Elite visa allow foreigners to work in Thailand?
No, the Thailand Elite visa is classified as a tourist visa.
Where can Thailand Elite members have their visa arranged?
The five-year Thailand Elite visa can be arranged:
1. Upon arrival, at Suvarnabhumi, Phuket or Chiang Mai International airports.
2. If the member is already staying in Thailand, they can apply for the visa only at Cheangwattana Immigration Office and our staff can accompany the member to assist with the process.
3. At the Thai Embassy or Thai Consulate in the members’ home country
Can Thailand Elite members transfer their membership?
Yes, a one-time transfer to a third party for the property program is permitted but membership and ownership of the property must be transferred together. The transfer fee is 20% of prevailing rate inclusive of VAT.
Can additional Thailand Elite memberships be included with the purchase of the condominium?
Yes, a maximum of two memberships per unit applies at an additional charge of THB 500,000. The second member must appear as a co-owner on the SPA and title deed.
Can I obtain additional Memberships for my family?
The minimum age requirement for membership is 20 years old. Therefore, a spouse or child that meets this requirement can be a co-buyer of the unit and pay the additional THB 500,000 charge in accordance with the other conditions stated above.
www.southpointpattaya.com
