Baan Mai Khao show unit Sansiri is currently promoting its newest condominium project to overseas buyers, starting in Singapore at the end of the month with a two day showcase of Baan Mai Khao Phuket at the St. Regis Hotel on 27-28 July. Baan Mai Khao Phuket is the first freehold beach condominium development in Thalang district, a beachfront community in the north of Phuket.
The neighbourhood has a distinct upmarket feel with neighbours including SALA Phuket Resort & Spa, Renaissance Phuket Resort and Spa and JW Marriott. Phuket International Airport is also just a short distance away.
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Sansiri goes to Singapore with Baan Mai Khao
Thailand Property market
Additionally, the law prescribes that any form of business done within the condominium building be situated in such a way that it would not disturb the peace and tranquillity of the other co-owners. Furthermore, an additional entrance is required to be kept separate for the exclusive use of these businesses.
As an added measure of protection, the duty of paying taxes, common service expenses, and common maintenance of unsold condominium units has now been delegated by the law unto the developer. This measure has been enacted in order to prevent the pernicious practice of expending a condominium’s maintenance fund in order to answer for expenses and fees incurred by unsold units. A condominium owner has the right therefore to resist any attempt on the part of the condominium to collect fees or resort to the maintenance fund in order to pay for these kinds of expenses.
Bangkok falls 19 places to 49th most expensive location worldwide
Locations reliant on international tourism have seen their rental markets hit especially hard during the pandemic, resulting in some major drops in the rankings. Bangkok has fallen 19 places to 49th, while Hanoi saw a similar drop of 12 places to 81st.
Is There a Silver lining amid COVID-19?
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