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Bangkok Post

National

Long-stay visas for condo buyers in Phuket clarified

Phuket Immigration

An artist’s rendering shows the Biancana Surin Beach condominium, one of six new residential projects he developer AssetWise plans to launch in Phuket this year.

Immigration authorities and real estate executives held a meeting in Phuket on Tuesday to clarify the new long-stay visa programme for foreign real estate investors, which aims to attract high-potential buyers.

One-year renewable visas are now available for foreigners who buy condominiums valued at 3 million baht or more, or rent housing at a minimum of 85,000 baht per month.

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