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Chewathai’s core business is residential real estate development with special emphasis in middle to high income segments. The Company has developed several high-rise and low-rise condominium projects in Bangkok and has also started to develop landed housing estates and commercial shophouses within Greater Bangkok. Apart from residential development, Chewathai also engages in ready-built factories for rent. These factories provide solutions to the increasing demand from both Thai and foreign small-to-medium sized manufacturers who require manufacturing facilities but may not be ready to make capital investments to build their own yet. The factory rental business also generates regular revenue which helps smoothen the company’s revenue pattern from residential projects.
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:
After you have found the right property at Chewa Home Suksawat Pracha U-Thit you have to follow these steps: