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Introducing the Vanilla Beachfront project in Rawai, Phuket, where you can be one of the lucky few to purchase a newly completed two-bedroom, two-bathroom villa! It's only been finished since December 2012 and is available for sale for just ฿12,000,000 (an incredible ฿90,909/SqM).This beachside villa spreads out over 132 sqM and is priced to move, that's just ฿90,909 for each square meter of paradise! What's even better is that you can also reap the rental rewards, with the property being available for long term rentals from ฿60,000 per month.With views of lush tropical landscapes, you can while away many hours watching the tide roll in or spend time with loved ones making memories. You also have a generous outdoor area that's perfect for setting up an outdoor dinner soiree or just relaxing on a warm summer afternoon with a cool drink.If you're looking for a taste of paradise close to home, look no further than this Vanilla Beachfront villa. Inquire today or miss out - this kind of opportunity doesn't come around often.
Foreign nationals can own the building (villa) in their own name but not the land that it stands on.
Foreign nationals cannot own land in Thailand. The options in which a foreigner can control the land are via a 30-year lease or by purchasing the land through a Thai company.
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 Vanilla Beachfront 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.
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