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In 2009, CIDG had its first development in the Philippines, on Boracay Island. As a luxury beachfront hotel, Golden Phoenix was built with the latest construction techniques, and features 131 elegant and luxurious rooms, large outdoor swimming pool, outdoor garden, private balconies with excellent sea views, 24 hours front desk, Spa, wedding suites and butler service.
In 2010 CIDG invested in its second project in the Philippines, in the capital Manila. Haifeng Residence Internazionale is a collection of large commercial and residential buildings, with a commercial center, recreation center, Residence Hotel and residential apartments covering 64,000 square meters of land. Located in Manila Bay central area, the development enjoys convenient transportation and commercial links.
AA Lodge Amboseli is built in a three-tier architectural design and is strategically located 2km from Amboseli National Park main gate (Kimana Gate) and conveniently within the Emali-Loitoktok tarmac road. It is 240 km from Nairobi, 16km from Amboseli airstrip, you can enjoy a panoramic view of the snow-capped Mt. Kilimanjaro, the world’s highest free Standing Mountain. With a total of 98 rooms, the lodge is intimate and friendly with many personal touches.
CIDG developed its second series of AA Lodges in the Masai Mara, located in south west Kenya. The resort covers an area of 30 acres, with environmentally friendly landscaping, a mini forest featuring rare species of flora and fauna, 36 independent villas and luxury tented accommodation. Facilities include main restaurant and bar, and a large swimming pool.
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