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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 Paragon Villas you have to follow these steps:
Unit selection and agreement of terms and conditions
Reservation Agreement
Reservation Deposit
Sales and Purchase Agreement
1st Contract Payment
Payment Installments
Snag List
Transfer
Payment Term Process Installment Milestone Payment Reservation Deposit Immediately 200,000% 1st Installment Upon contract signing 20% 2nd Installment Lower Plan structure completion 20% 3rd Installment Upper Plan structure completion 10% 4th Installment Roof tile and Lower floor sand cement render completion 10% 5th Installment Sand cement render Upper floor plan and Pool Structure Completion 10% 6th Installment Install Doors and Windows and painting 10% 7th Installment Fix and loose furniture completion 10% 8th Installment On handover 10% Payment term process (2) Installment Milestone Payment Reservation Deposit Immediately ฿200,000 1st Installment Upon contract signing 40% 2nd Installment Sign contract Agreement 10% 3rd Installment Ground Floor Structure Completion 10% 4th Installment Upper floor and Pool Structure Completion 10% 5th Installment Colum, Roof beam, Roof structure, Roof Tile Completion 10% 6th Installment Construction of the wall, Electrical and Sanitation Systems Completion 10% 7th Installment Wall Plastering, Ceiling Work, Tiling Work & Installation of Aluminum Door and Windows Completion 5% 8th Installment On handover 5%
Paragon Villas is conveniently located just 410 m from Family Mart, which can be reached within 6 mins. by foot.
There are many other shops situated in the area of Paragon Villas, the 3 closest being:
- The Wharf Samui is 1.2 km away (an approx. drive of 4 mins.)
- 69ALAM Swimsuit is 1.2 km away (an approx. drive of 4 mins.)
- Termite Control Samui Branch is 1.3 km away (an approx. drive of 3 mins.)
The surrounding area, where Paragon Villas is situated, offers a wide variety of restaurants. See the closest of them below:
- Flavours is 350 m away (a walk of about 5 mins.)
- FREE CUBA is 400 m away (a walk of about 6 mins.)
- Coffee Steak is 390 m away (a walk of about 6 mins.)
Sri Phala Clinic is the nearest health facility, which is 2.6 km away (you can drive there in 5 mins.) from the project, while the closest schools in the proximity of Paragon Villas are:
- Walen Samui language and IT school is 400 m away (about 6 mins. by foot)
- The Dive Academy is 660 m away (about 9 mins. by foot)
- Little Coconuts Nursery is 660 m away (about 9 mins. by foot)
Samui Airport is located 7.9 km from Paragon Villas and it takes about 16 mins. by car or taxi (depending on the traffic) to get there.