Thanks to our years of experience developing and operating world-class properties, hotels and resorts and our insistence on working exclusively with premier development teams and brands, we are confident in our ability to deliver the best fractional ownership experience in Thailand to all our investors.
With the prime objective of putting our owners at ease, we strive to communicate the benefits of fractional ownership as clearly as possible.
With this in mind, we have compiled the most common questions asked by prospective owners.
Fractional Ownership
Q. What is fractional ownership?
A. Fractional ownership is a smart way of buying a share in a second home property or asset. Investors decide what kind of property or asset they would like to own, which level they desire, receiving a Certificate of Ownership for their share of the relevant asset. Owners can sell or upgrade their assets at any time, or choose to hand them down to family. They also benefit from the option of participating in fractional ownership exchanges with handpicked premium resort brands.
Q. What role does Absolute Fractionals play?
A. As a world leading developer and operator of premier properties and resorts, Absolute manages, maintains and administers the fractional ownership programme. We aim to make life as easy as possible for our Premier Owners, collecting a once-yearly fee to cover all costs. Absolute also takes responsibility for complying with all legal requirements in the appropriate jurisdictions.
Q. With whom will I be sharing my property?
A. Absolute is responsible for selecting and monitoring all fractional owners of its collection of properties. We aim to attract, cultivate and retain like-minded individuals, couples and families, who demand a high quality in every aspect of life. Our Premier Owners are united in their passion for Thailand, preferring great surroundings, adventure, good food, entertainment, and a desire to recharge their batteries in a beautiful, relaxing environment. Co-owners do not assume any mutual financial risks.
Q. How do I pay for maintenance and running costs?
A. Our aim is to help you relax, so all we ask is for one simple annual payment to cover the costs of cleaning, utilities, repairs, maintenance and insurance. We cover the administration of all owners, who together share running and maintenance costs. We guarantee that you will always arrive to a second home that is in perfect condition without having to lift a finger.
Q. Can I invite guests?
A. Yes, of course! We aim to promote a convivial environment, and as such encourage owners to invite trusted family and friends to visit. All owners can feel confident in the knowledge that guests have been personally pre-qualified.
Q. What can I do to help with upkeep?
A. We ask that all guests refrain from smoking, restrict pets to appropriate properties and leave our carefully considered and executed decoration and furnishings in place. If you accidentally damage or break anything in the property, please let us know and pay the relevant charge as soon as possible.
Q. Is this a lifetime commitment?
A. It’s up to you! Hold on to the investment as long as you like, or upgrade it if you can afford. You are welcome to sell at any time, or to pass assets on to your family.
Thailand
Q. Where is Thailand?
A. Thailand is in the heart of South East Asia, bordered by Vietnam, Malaysia, Laos, Cambodia and Indonesia. Its capital is Bangkok and its time zone is GMT +7 hours.
Q. Which airlines fly to Thailand?
A. Most of the major intercontinental airlines fly to Bangkok and from there Pattaya is accessible by car or train. There are numerous daily flights from Bangkok to Phuket and Koh Samui, provided by domestic carriers such as Thai Air Asia and Thai Airways. International airlines flying direct to Phuket and some to Samui including Hong Kong Airlines, China Airlines, Finnair, Korean Air and Malaysia Airlines.
Q. What is the climate in Thailand?
A. Thailand’s climate is tropical, high both in temperature and humidity. April and May are usually the hottest months of the year. June sees the beginning of the South West Monsoon, and brings with it the rainy season, which continues intermittently until the end of October. From November to the end of February the climate is fresher, with a cooling North East breeze reducing humidity.
Q. What is the population of Thailand?
A. Over 63 million
Q. Do I need a visa to go to Thailand?
A. Non-Thai residents require a visa to stay in the country for more than 30 days. A Non-Immigrant Visa is valid for up to 90 days, but can be extended for up to a year at a time depending on eligibility criteria. Retirement visas for the over 50s are readily available and work permits for those with specific skills can be applied for via the Thai Embassy.
Q. How has the Thai property market performed?
A. Capital uplift in recent years has been 10-15% per annum on average. The Thai property market has not become overheated and still offers good value globally.