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Sunset Lagoon Estate is a villa development located in Choeng Mon, Samui, Thailand. It is 0.4 km from the beach with 6 villa units scheduled for completion in March of 2016. It features 24-hour security, car parking.
The Samui Sunset Lagoon Estate is a community of 6 luxury villas. The duplexes have 3 and 4 bedrooms each with it's own pool and stunning views. Samui Sunset Lagoon Estate is located in the beautiful island of Koh Samui. It is situated in a quiet residential area in Tongsai Bay, and surrounded by luxury resorts such as Six Senses, Melati and Sala, the Estate is close to all the action.
The development is situated in the most picturesque part of the island and will feature 24 hours security. All amenities and the basic infrastructure is already in place.
Choeng Mon Beach is the closest Beach from Sunset Lagoon Estate and it is 3.43 km away.
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 you have to follow these steps:
Agreement of terms and conditions
Sales and Purchase Agreement
Settlement & Transfer
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?
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.