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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 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?
What is the process of a property purchase in Thailand?
After you have found the right property you have to follow these steps:
Unit selection and agreement of terms and conditions
Sales and Purchase Agreement
1st Contract Payment
Laguna Village Residences Phase 8 is located 1480 from 23 minimart and it can be reached within 3 mins by car.
There are many other shops situated in the area of Laguna Village Residences Phase 8, the 3 closest being:
- FamilyMart is 1.7 km away (an approx. drive of 3 mins.)
- 7-Eleven is 2.2 km away (an approx. drive of 3 mins.)
- 7-Eleven is 3.8 km away (an approx. drive of 4 mins.)
The surrounding area, where Laguna Village Residences Phase 8 is situated, offers a wide variety of restaurants. See the closest of them below:
- Ottoman Beach is 450 m away (a walk of about 5 mins.)
- Ko Phai Choeng Thale Shop is 640 m away (a walk of about 8 mins.)
- Spicy Salad is 640 m away (a walk of about 8 mins.)
Bankok International Hospital, 83,000 is the nearest health facility, which is 640 m away (you can walk there in 8 mins.) from the project, while the closest schools in the proximity of Laguna Village Residences Phase 8 are:
- Phuket Driving Range is 2.4 km away (an approx. drive of 4 mins.)
- Ban Don Community Learning Center is 2.3 km away (an approx. drive of 4 mins.)
- Ban Don Community Learning Center is 2.6 km away (an approx. drive of 5 mins.)
Phuket International Airport is located 17.5 km from Laguna Village Residences Phase 8 and it takes about 25 mins. by car or taxi (depending on the traffic) to get there.