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Porchland Group - Thai development company developing suburban villages as well as condominiums in Pattaya, Chonburi, Si Racha, Bang Saray and Phuket.
At the present moment, following company completed construction of three condominium projects, 4 more are in different stages of construction.
Due to the proper use of internal resources, careful approach to the selection of the project location and quality of construction, Porchland Group can offer accommodation with excellent value for money.
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 Madcha Nirvana you have to follow these steps:
Unit selection and agreement of terms and conditions
Reservation Agreement
Reservation Deposit
Sales and Purchase Agreement
1st Contract Payment
Payment Installments
Snag List
Transfer
Installment Milestone Payment Reservation Deposit Immediately ฿100,000 1st Installment Upon contract signing 30% Down Payment 10 Months 40% 2nd Installment On handover 30%
Madcha Nirvana is conveniently located just 890 m from Cheap, good, standard, Thanthontra, which can be reached within 11 mins. by foot.
There are many other shops situated in the area of Madcha Nirvana , the 3 closest being:
- Cowshed Ajak(-J brahman ranch) is 1.5 km away (an approx. drive of 3 mins.)
- Anawin Rice Huay Yai is 3.0 km away (an approx. drive of 4 mins.)
- Ban Chak Ngaew Chinese Community l Pattaya is 2.0 km away (an approx. drive of 4 mins.)
The surrounding area, where Madcha Nirvana is situated, offers a wide variety of restaurants. See the closest of them below:
- Satisfied Bigbowl Noodles is 340 m away (a walk of about 4 mins.)
- rustic is 520 m away (a walk of about 6 mins.)
- Antonio & Bo Restaurant Pizzeria is 720 m away (a walk of about 9 mins.)
Ban Chak Ngaeo Health Center is the nearest health facility, which is 2.1 km away (you can drive there in 4 mins.) from the project, while the closest schools in the proximity of Madcha Nirvana are:
- Ban Nok School is 440 m away (about 5 mins. by foot)
- Samak Thon Subdistrict Municipality Child Development Center in Wat Somburaram School is 1.6 km away (an approx. drive of 3 mins.)
- School is 1.8 km away (an approx. drive of 4 mins.)
U-Tapao–Rayong–Pattaya International Airport is located 28.7 km from Madcha Nirvana and it takes about 30 mins. by car or taxi (depending on the traffic) to get there.