SUMALEE By Tropical Life Residence

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Maret, Koh Samui, Surat Thani

Off Plan
12 Units

SUMALEE By Tropical Life Residence in Maret, Koh Samui

SUMALEE By Tropical Life Residence is a house and villa project located in Maret, Koh Samui It has 12 units and was developed by Real Estate Engineering Samui Co., Ltd., who is also behind HANSA By Tropical Life Residence

Facilities

Management

Project ManagementCommon Area Management Fee
These common area maintenance (CAM) fees are paid by owners for the upkeep of the common areas of condominiums and housing projects. For new residential developments, it is common to pay up to 1-3 years’ management fees in advance upon the transfer of the unit’s ownership.
฿4,000

Payment Plan

Installment Milestone Payment

Master Plan

About the Developer - Real Estate Engineering Samui Co., Ltd.

All Real Estate Engineering Samui Co., Ltd. Projects
2 Projects 20 Units

Frequently asked questions

The common area maintenance fee for properties at SUMALEE By Tropical Life Residence is a fixed amount of ฿4,000. This amount has to be paid by owners for the upkeep of the common areas of the project. For new residential developments, it is common to pay up to 1-3 years’ common area maintenance fees in advance upon the transfer of the properties' ownership.

Lamai Beach is the closest Beach from SUMALEE By Tropical Life Residence and it is 0.75 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.

 

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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?

 

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What is the process of a property purchase in Thailand?

 

After you have found the right property you have to follow these steps:

  1. Unit selection and agreement of terms and conditions 

  2. Reservation Agreement

  3. Reservation Deposit 

  4. Sales and Purchase Agreement

  5. 1st Contract Payment 

  6. Payment Instalments

  7. Snag List

  8. Transfer

 

Read more here

 

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Thailand

Maret

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