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Pruksa Real Estate Plc. was founded by Mr.Thongma Vijitpongpun on April 20, 1993 with the initial registered capital of Baht 50 million. It concentrates on developing projects for townhouses, single-detached houses and condominiums. Mr. Thongma Vijitpongpun, the founder, had brought his experience and expertise in construction from government and private projects into the business of the Company.
Such factor together with the professional management team, outsourcing consultants for continuous development of entire corporate operation process, the appropriate business strategy resulted in The Company’s positive bottom lines every year in a row of operation even during flooding and economic downturn. This has earned the Company and Mr. Thongma several awards in different areas, especially in the year 2013, which is considered the Company’s honorable year, due to several awards received, for instance, Best CEO Award 2013, and Best Company Performance Award 2013 from the Stock Exchange of Thailand. The Company also received another 3 outstanding awards in Social Responsibility aspect in the very same year.
Pruksa aims to be the number one real estate brand in customers’ minds with the goal of becoming a top ten residential brand in Asia by creating high-value homes for families to experience warmth, happiness and a better life every day.
We are dedicated to fulfilling our customer’s dreams of owning a home that truly values to enjoy their family life.
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.
Passorn Pride Chiang Mai is located 1620 from 7-Eleven and it can be reached within 3 mins by car.
There are many other shops situated in the area of Passorn Pride Chiang Mai, the 3 closest being:
- 7-Eleven is 1.8 km away (an approx. drive of 3 mins.)
- Mini Big C is 1.9 km away (an approx. drive of 3 mins.)
- 7-Eleven is 3.7 km away (an approx. drive of 2 mins.)
The surrounding area, where Passorn Pride Chiang Mai is situated, offers a wide variety of restaurants. See the closest of them below:
- A-GA-PE Coffee Bar & Restaurant is 560 m away (a walk of about 7 mins.)
- Huan Thanaporn is 870 m away (a walk of about 11 mins.)
- Steak Mueang Ling is 2.6 km away (approx. 6 mins. by car)
Rak Na Veterinary Clinic is the nearest health facility, which is 3.7 km away (you can drive there in 5 mins.) from the project, while the closest schools in the proximity of Passorn Pride Chiang Mai are:
- Bowonnat Wittaya Kindergarten (Prem Ruedi) is 2.5 km away (an approx. drive of 5 mins.)
- Ban Nong Khong School is 1.9 km away (an approx. drive of 3 mins.)
- Little Mozart & iDream CS School is 2.8 km away (an approx. drive of 5 mins.)
Chiang Mai International Airport is located 17.5 km from Passorn Pride Chiang Mai and it takes about 22 mins. by car or taxi (depending on the traffic) to get there.