CHON BURI – A flagship condominium project of Kingdom Property, Southpoint Pattaya 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.
Exclusive partnership: Kingdom Property’s CEO Nigel Cornick (third left) and Executive Director Ana Wongsing (fourth left) join ICBC (Thai) Executive Director Chris Ye (second right) and Thailand Elite Card Membership Service Director Pornthep Pantanapat (third right) at the groundbreaking announcement. For high res image please click here.
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 using their Sales and Purchase agreement as proof of investment.
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. More information on the programme and the application form can be accessed by visiting the Southpoint Sales gallery or online at www.southpointpattaya.com.
In addition, the ICBC (Thai) Foreigner Housing Loan program 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 said these two partnerships would make international investment in Southpoint Pattaya a much more attractive proposition.
“We are now able to provide a long-stay solution which has been available in others countries for some time, such as the MM2H (Malaysia My Second Home) initiative, and an appealing loan facility through ICBC (Thai),” he said.
“For many years the visa issue for overseas investors in real estate has been problematic, as has obtaining a mortgage. These programmes now 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. A 24-help line is in English and in Korean, Mandarin and Japanese from 0600 to 2100 daily.
“Pattaya offers sailing, golf, waterparks, high-end restaurants and entertainment, international schools and excellent hospitals 90-minutes from Survanbhumi International Airport,” added Mr Cornick. “This is finally a solution to a major missing piece for investors and which will make Southpoint, and Thailand as a whole, much more attractive to overseas buyers.”
Southpoint Pattaya is located on Pratumnak Hill, a short distance south of Bali Hai in Pattaya City and within walking distance of the Royal Varuna Yacht Club. The elevated four-rai freehold plot offers extensive sea views.
Unit sizes start at 30sqm studios, with 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 childrens pool and playground.