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The company has since established itself as the largest and most established property developer in Phuket (Thailand), Bintan (Indonesia) and Lăng Cô (Vietnam). With over 1,200 properties, Laguna Property offers a wide range of residential and investment properties, condos, townhouses, villas, and residences. Laguna Resorts & Hotels PLC. listed on the Stock Exchange of Thailand in 1993 and has gained a strong reputation as a responsible developer whose interests combine hotels and real estate with an emphasis on quality and environmental protection, having received numerous environmental and tourism awards.
Laguna Property is the property development arm of Laguna Resorts & Hotels, a publicly listed company that traces its history back to the early 1980s, with the land acquisition and resort development of what is now Laguna Phuket, at the time Asia's first integrated resort complex.
The common area maintenance fee is ฿35 per square meter based on the size of the indoor area of the property. This fee has to be paid every month by owners for the upkeep of the common areas of the project. For new residential developments, it is common to pay up to 1-3 years’ common area maintenance fees in advance upon the transfer of the properties' ownership.
For new projects, the buyer pays a one-off lump sum upon transfer of the property from the developer to the buyer. This fund is to be used for major renovations and replacement of equipment when necessary, to ensure the maintenance of the building and the common area. At Laguna Park the required payment for the sinking fund is ฿250 per square meter based on the size of the indoor area of the property.
Laguna is the closest Development from Laguna Park and it is 0.85 km away.
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.
Laguna Park is conveniently located just 650 m from Family Mart, which can be reached within 8 mins. by foot.
There are many other shops situated in the area of Laguna Park, the 3 closest being:
- Lagoon Thai Crafts is 1.3 km away (an approx. drive of 3 mins.)
- Canal Village Laguna Shopping is 660 m away (about 8 mins. by foot)
- JT is 760 m away (about 9 mins. by foot)
The surrounding area, where Laguna Park is situated, offers a wide variety of restaurants. See the closest of them below:
- Seedling Restaurant is 520 m away (a walk of about 6 mins.)
- Olivier Cafe is 960 m away (a walk of about 12 mins.)
- Olivier cafe is 970 m away (a walk of about 12 mins.)
Bangkok Hospital Clinic Bangtao is the nearest health facility, which is 660 m away (you can walk there in 8 mins.) from the project, while the closest schools in the proximity of Laguna Park are:
- Laguna Phuket Kindergarten is 110 m away (about 1 min. by foot)
- Phuket Driving Range is 2.0 km away (an approx. drive of 5 mins.)
- VK Performers Studio is 1.8 km away (an approx. drive of 5 mins.)
Phuket International Airport is located 20.5 km from Laguna Park and it takes about 28 mins. by car or taxi (depending on the traffic) to get there.