One property developer has partnered with the Tourism Authority of Thailand to offer buyers of his condo development a 20 year visa for Thailand.
Buyers at Kingdom Property’s Pattaya South point development will be entitled to a 20-year visa, which amounts to five-year, multiple-entry visas which can be renewed every four years.
The visa will entitle its holders to benefits including fast-track immigration clearance, assistance with driving licences, discounts and a bilingual helpline.
This process is necessary in order to integrate overseas buyers better and faster. A similar project in Malaysia is very successful and the future is pointing in this direction as well.
The visa will come as part of the purchase of a unit at Southpoint and owners can sell the unit and the visa together if they wish.
The Thailand property-with-visa initiative is only applicable to Kingdom’s Southpoint project now, but given the possible impact on overseas buyers, it may not be too long before other Thailand property developers adopt similar initiatives for their developments.
Southpoint Pattaya is a two-tower freehold condominium in Pratumnak. It boasts 655 units ranging in size from 30sqm to 97sqm. Completion will be in the second quarter of 2016.