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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 at SP Village 5 you have to follow these steps:
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.
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.
SP Village 5 is conveniently located just 810 m from PSC meeting point Seven Eleven, which can be reached within 10 mins. by foot.
There are many other shops situated in the area of SP Village 5, the 3 closest being:
- 7-Eleven is 840 m away (about 10 mins. by foot)
- oye minimart is 850 m away (about 11 mins. by foot)
- seven Eleven is 1.1 km away (an approx. drive of 1 min.)
The surrounding area, where SP Village 5 is situated, offers a wide variety of restaurants. See the closest of them below:
- PATTAYA CLEAN FOOD BAR & RESTAURANT is 10 m away (a walk of about 1 min.)
- PATTAYA BREAKFAST & RESTAURANT is 10 m away (a walk of about 1 min.)
- restaurant is 40 m away (a walk of about 1 min.)
Medical Clinic 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 SP Village 5 are:
- Pha Sanook Language House is 90 m away (about 1 min. by foot)
- Ban Rak Renu Nursery is 540 m away (about 7 mins. by foot)
- Yore Banglamung Center is 1.2 km away (an approx. drive of 2 mins.)
APAS Co., Ltd. is located 12.2 km from SP Village 5 and it takes about 25 mins. by car or taxi (depending on the traffic) to get there.