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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 Sala Samui 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
Villa (Plot1 and 3) Installment Milestone Payment Deposit Immediately ฿200,000 1st Installment Upon contract signing ฿3,500,000 2nd Installment At the completion of the footing, column, beam and floor ฿3,000,000 3rd Installment At the completion of the roof, walls and coating ฿3,000,000 4th Installment At the completion of the roof, walls and coating. ฿2,500,000 5th Installment At the completion of the electricity, plumbing, ceiling, tiles ฿1,700,000 6th Installment On handover ฿100,000 Villa (Plot7 and 9) Installment Milestone Payment Deposit Immediately ฿200,000 1st Installment Upon contract signing ฿3,000,000 2nd Installment At the completion of the footing, column, beam and floor ฿2,500,000 3rd Installment At the completion of the roof, walls and coating ฿2,500,000 4th Installment At the completion of the pool structure ฿1,500,000 5th Installment At the completion of the electricity, plumbing, ceiling, tiles ฿1,200,000 6th Installment On completion ฿100,000 Villa (Plot13 and 14) Installment Milestone Payment Deposit Immediately ฿200,000 1st Installment Upon contract signing ฿2,300,000 2nd Installment At the completion of the footing, column, beam and floor ฿2,000,000 3rd Installment At the completion of the roof, walls and coating ฿1,500,000 4th Installment At the completion of the pool structure ฿1,500,000 5th Installment At the completion of the pool structure ฿1,000,000 6th Installment On handover ฿100,000 Villa (Plot 15 and 16) Installment Milestone Payment Deposit Immediately ฿200,000 1st Installment Upon contract signing ฿2,000,000 2nd Installment At the completion of the footing, column, beam and floor ฿2,000,000 3rd Installment At the completion of the roof, walls and coating ฿1,500,000 4th Installment At the completion of the pool structure ฿1,200,000 5th Installment At the completion of the electricity, plumbing, ceiling, tiles ฿800,000 6th Installment On handover ฿100,000
Sala Samui is located 2.3 km away from Jinnie Taweesup and it can be reached within 5 mins by car.
There are many other shops situated in the area of Sala Samui , the 3 closest being:
- Takun farm is 960 m away (about 13 mins. by foot)
- Jinny, 20 baht, green shop is 2.3 km away (an approx. drive of 5 mins.)
- Sam Bai Chao, forklift, slide truck 24 hours service is 2.5 km away (an approx. drive of 6 mins.)
The surrounding area, where Sala Samui is situated, offers a wide variety of restaurants. See the closest of them below:
- BANGKOK - SAMUI RESTAURANT is 670 m away (a walk of about 9 mins.)
- Fire Restaurant Company Limited is 670 m away (a walk of about 9 mins.)
- Isaan restaurant is delicious!! Judd!! is 660 m away (a walk of about 9 mins.)
Wattanapat Samui Hospital is the nearest health facility, which is 2.9 km away (you can drive there in 7 mins.) from the project, while the closest schools in the proximity of Sala Samui are:
- Wat Sawang Arom School (Primary) is 1.3 km away (an approx. drive of 4 mins.)
- School of Business Administration is 2.9 km away (an approx. drive of 7 mins.)
- Praphat Dhammakhun Child Development Center is 2.0 km away (an approx. drive of 5 mins.)
Samui Airport is located 6.3 km from Sala Samui and it takes about 16 mins. by car or taxi (depending on the traffic) to get there.