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I do believe the Bel Air Panwa is out of Freehold as they are over the 49% mark. I purchased mine with a Thai company, which is not hard to setup. The costs and Tax's are minimal. If you are going to take the 8% for 3 years, then your Thai company has income coming in.
Phuket town is only 10 mins away but Patong is more like 30-40 minutes away by scooter. I did this trip a number of times 2 weeks ago as I was staying in Patong and went to Bel Air Panwa almost every day. It is not a bad ride but I wouldn't want to ride home after a night in the patong bars.
I think it will end up being a fairly younger crowd there, I am only 42 but going on 25 as well. I want someplace high end a litlle away from the action but within easy reach of all the action. Who knows by the time I move there I might end up buying another place in Karon or someplace then keep the Bel Air as a rental unit or sell it once the cape becomes popular.
G
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