Chaweng Ring Road is a busy thorough fare about one kilometer west of Chaweng Beach Road. Location for a multi-screen cinema at Lotus Tesco, Home Pro, Big C and Makro Wholesale stores. You will also find a Golf Driving Range and Shooting Range opposite Makro. Bandon Hospital and Bangkok Samui Hospital can both be found on the Ring Road with Thai Inter situated just off on a side road opposite Lotus Tesco.
Situated behind the International School of Tourism, Whispering Palms Suites is a development of good quality apartments arranged in three buildings around two pools with fitness room and Sauna. The location is convenient for access to Chaweng and close to Tesco Lotus and HomePro for shopping and not far from the Central Festival Shopping Centre.
This is a ground floor apartment fronting directly onto the swimming pool. Approached by steps to an entrance terrace, sliding doors lead to the living area. This includes a sofa facing a “LG” wall mounted television, ceiling fan, 2 seat dining table and air conditioning;
Bathroom with bath/shower, w.c. and washbasin.
Bedroom with King size bed, wardrobes, “LG” wall mounted television, air conditioning;
Doors and windows to front and rear have fly screens.
What is a Foreign Freehold?
There are restrictions on Foreigners owning real estate in Thailand, specifically land. They are however permitted to own in their own name a structure on land. Full title to both land and house is therefore not easily possible.
The exception to this is provided by the Condominium Act 1979 which specifically allows foreigners to have a freehold interest in a Condominium unit in their own name. There are restrictions on the number of units in a building that may be owned by foreigners and only 49% of the space in a building may be so designated.
There are rules about how the Condominium must be paid for. The entire purchase price must be transferred into Thailand in foreign currency and converted to Thai Baht here. A Foreign Exchange Transaction Form will be issued and must be presented to the Land Office on registration of the purchase. This also allows the same amount to be transferred out of Thailand at a later date without tax implications.