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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.
After you have found the right property at Residence 8 you have to follow these steps:
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.
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.
Residence 8 is conveniently located just 780 m from 7-Eleven, which can be reached within 14 mins. by foot.
There are many other shops situated in the area of Residence 8, the 3 closest being:
- Mini Big C Ban Plai Laem, Samui is 750 m away (about 13 mins. by foot)
- Panong Engineering is 670 m away (about 12 mins. by foot)
- Thong Khwan Siri Department Store is 2.2 km away (an approx. drive of 5 mins.)
The surrounding area, where Residence 8 is situated, offers a wide variety of restaurants. See the closest of them below:
- Milk kitchen shop is 2.5 km away (approx. 6 mins. by car)
- UniQue Boutique Resort & Residences is 2.5 km away (approx. 6 mins. by car)
- Maithy Pool Lounge & Restaurant is 1.7 km away (approx. 5 mins. by car)
Public Health Service Center Commemoration 84th Anniversary (Bangrak) is the nearest health facility, which is 4.9 km away (you can drive there in 10 mins.) from the project, while the closest schools in the proximity of Residence 8 are:
- Nurul Hidaayah Mosque, Ban Bang Rak is 2.6 km away (an approx. drive of 5 mins.)
- Masjid Nurul hidayah Koh samui (Tansri Dr.Nik Hussian bin Abdul rahman Malaysia) is 2.6 km away (an approx. drive of 5 mins.)
- Samui Diving Resort is 1.1 km away (an approx. drive of 3 mins.)
Samui Airport is located 5.5 km from Residence 8 and it takes about 12 mins. by car or taxi (depending on the traffic) to get there.