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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.
After you have found the right property you have to follow these steps:
Agreement of terms and conditions
Sales and Purchase Agreement
Settlement & Transfer
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?
Thailand has different visas like Spousal Visa, Retirement Visa, Student Visa and Elite Visa - just to name a few options. Each visa has different requirements but they are usually easy to obtain.
Koolpunt Ville 4 is conveniently located just 910 m from 7-Eleven, which can be reached within 11 mins. by foot.
There are many other shops situated in the area of Koolpunt Ville 4, the 3 closest being:
- PTT is 2.6 km away (an approx. drive of 6 mins.)
- 7-eleven Star Avenue 5 is 3.7 km away (an approx. drive of 5 mins.)
- 7-Eleven is 4.2 km away (an approx. drive of 9 mins.)
The surrounding area, where Koolpunt Ville 4 is situated, offers a wide variety of restaurants. See the closest of them below:
- Thai Fast Food is 600 m away (a walk of about 7 mins.)
- Good Bon Cafe is 510 m away (a walk of about 6 mins.)
- Noodle House is 500 m away (a walk of about 6 mins.)
SVN Corporation Limited (Chiang Mai) is the nearest health facility, which is 4.4 km away (you can drive there in 10 mins.) from the project, while the closest schools in the proximity of Koolpunt Ville 4 are:
- Baan Mor is 250 m away (about 3 mins. by foot)
- Ban Mo Khrittian School is 360 m away (about 4 mins. by foot)
- Swimming Kids Chiang Mai is 1.2 km away (an approx. drive of 4 mins.)
Chiang Mai International Airport is located 5.3 km from Koolpunt Ville 4 and it takes about 11 mins. by car or taxi (depending on the traffic) to get there.