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The building (the bricks and mortar) can be owned by a non-Thai national outright in their name in what is called the house registry which secures ownership indefinitely of the structure.
In Thailand non-Thai nationals cannot own land outright in their name. Land can be controlled through either a Thai Company or a long-term registered lease. The longest registered lease term by Thai law is 30 years and most developers will offer 3 terms for a total of 90 years.
A 30-year lease period is legally protected under Thai law and ownership cannot be disrupted. It is common for developers to offer an additional two terms of 30 contractually obligating a total of 90 years.
Prior to purchasing a leasehold property it is important to secure a copy of the lease agreement or get further clarity on these three points.
#1 - Who is the lessor? (an individual or a Thai Company) Securing a lease from a Thai Company offers much more security than a private individual.
#2 - Do I have voting rights as a Lessee? (Some lease contracts do not allow lessee to have voting rights)
#3 - Is there a succession clause in the lease agreement that will allow inheritance of the lease?
After you have found the right property at Perfect Masterpiece Rama 9 - Krungthep Kreetha you have to follow these steps:
Unit selection and agreement of terms and conditions
Sales and Purchase Agreement
1st Contract Payment
Perfect Masterpiece Rama 9 - Krungthep Kreetha is located 2.3 km away from Shell Select and it can be reached within 4 mins by car.
There are many other shops situated in the area of Perfect Masterpiece Rama 9 - Krungthep Kreetha, the 3 closest being:
- The Gaze community Mall is 180 m away (about 2 mins. by foot)
- Seven Branches of Rural Development 3 Points 2 Restaurant 12089 is 4.3 km away (an approx. drive of 6 mins.)
- Kerry Branch Ratpattana is 2.4 km away (an approx. drive of 4 mins.)
The surrounding area, where Perfect Masterpiece Rama 9 - Krungthep Kreetha is situated, offers a wide variety of restaurants. See the closest of them below:
- Chumphon Kitchen 2 is 110 m away (a walk of about 1 min.)
- Southern Curry is 110 m away (a walk of about 1 min.)
- Yaowarat Pork Knuckle is 110 m away (a walk of about 1 min.)
Nursing and Midwifery is the nearest health facility, which is 3.4 km away (you can drive there in 7 mins.) from the project, while the closest schools in the proximity of Perfect Masterpiece Rama 9 - Krungthep Kreetha are:
- Thanara Academy English Village is 840 m away (about 10 mins. by foot)
- Satsana Samphan Darun Muhipbin School is 3.0 km away (an approx. drive of 5 mins.)
- Bangkok Music Academy is 2.0 km away (an approx. drive of 6 mins.)
Suvarnabhumi Airport is located 13.4 km from Perfect Masterpiece Rama 9 - Krungthep Kreetha and it takes about 19 mins. by car or taxi (depending on the traffic) to get there.