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A unique development of 8 boutique villas at Bang Tao Beach. This is your chance to own a home in paradise, Suan Tua is an exclusive “Tropical modern” boutique villa development on Phuket’s fabulous west coast. The villas represent an excellent investment opportunity and an option for high rental returns.
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.
Suan Tua Estate is located 3220 from 23 minimart and it can be reached within 5 mins by car.
There are many other shops situated in the area of Suan Tua Estate, the 3 closest being:
- FamilyMart is 3.5 km away (an approx. drive of 5 mins.)
- Family Mart is 4.6 km away (an approx. drive of 6 mins.)
- 7-Eleven is 4.0 km away (an approx. drive of 9 mins.)
The surrounding area, where Suan Tua Estate is situated, offers a wide variety of restaurants. See the closest of them below:
- Artisan Shop is 170 m away (a walk of about 2 mins.)
- Dream Beach is 710 m away (a walk of about 9 mins.)
- Level One Phuket is 720 m away (a walk of about 9 mins.)
Bankok International Hospital, 83,000 is the nearest health facility, which is 2.7 km away (you can drive there in 5 mins.) from the project, while the closest schools in the proximity of Suan Tua Estate are:
- Goat Farm is 7.0 km away (an approx. drive of 12 mins.)
- Ban Nai Thon School is 5.6 km away (an approx. drive of 10 mins.)
- Ban Don Community Learning Center is 4.0 km away (an approx. drive of 7 mins.)
Phuket International Airport is located 13.8 km from Suan Tua Estate and it takes about 24 mins. by car or taxi (depending on the traffic) to get there.