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Established in 2002 , Erawana Co., Ltd. has developed over 13 residential projects, comprising more than 150 villas in Phuket. Initially, we started with the very successful "Royal Estate: The Park" development in the Rawai/Nai Harn area. At the same time, we launched the Ploenchan projects (Phases 1-3) in the Pa-klock area, in the north east, to serve a lower price point. Today, our company has grown to a total headcount of 30, with full-time engineers and architects.
Our strong belief in the Thai tourism industry in general and in the Phuket real estate market in particular has led us to invest solely in Phuket, where we think the current property sector is only the tip of the iceberg.
The philosophy behind our properties can be summarised as "Practical Living", which incorporates the key factors of location, design and value-for-money. For example, the location of each project is carefully chosen to provide home buyers with a sense of community while we rely on extensive feedback, gathered from building no fewer than 150 units, to design homes that are truly functional.
Recently, we moved our head office to Bangkok since Erawana is actually a part of SEACON group, which is a large Thai conglomerate with various business interests including construction, the Renaissance hotel in Phuket, and the SEACON Square shopping centre.
Our strong track-record, commitment to Phuket, financial stability and the transparency of our company are the key factors behind our continued success. Most importantly, we realise that our success today would not have been possible without the support of our customers, whom have given us a tremendous vote of confidence.
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 Peykaa Estate Villas you have to follow these steps:
Unit selection and agreement of terms and conditions
Sales and Purchase Agreement
1st Contract Payment
Peykaa Estate Villas is conveniently located just 790 m from 23 minimart, which can be reached within 10 mins. by foot.
There are many other shops situated in the area of Peykaa Estate Villas, the 3 closest being:
- FamilyMart is 1.0 km away (an approx. drive of 2 mins.)
- 7-Eleven is 1.5 km away (an approx. drive of 2 mins.)
- 7-Eleven is 3.1 km away (an approx. drive of 4 mins.)
The surrounding area, where Peykaa Estate Villas is situated, offers a wide variety of restaurants. See the closest of them below:
- Project Artisan is 540 m away (a walk of about 6 mins.)
- Sabays is 680 m away (a walk of about 8 mins.)
- Romyang restaurant is 690 m away (a walk of about 8 mins.)
Bankok International Hospital, 83,000 is the nearest health facility, which is 2.3 km away (you can drive there in 5 mins.) from the project, while the closest schools in the proximity of Peykaa Estate Villas are:
- Ban Don Community Learning Center is 1.9 km away (an approx. drive of 5 mins.)
- Ban Don Community Learning Center is 1.6 km away (an approx. drive of 4 mins.)
- Wat Thep Krasattri School is 1.8 km away (an approx. drive of 4 mins.)
Phuket International Airport is located 16.8 km from Peykaa Estate Villas and it takes about 24 mins. by car or taxi (depending on the traffic) to get there.