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🏡Townhouse in Synchro Layan - priced below the developer
Stylish 2-storey townhouse in one of the most interesting modern developments in the Layan area.
▫️2 bedrooms
▫️2.5 bathrooms
▫️2 floors
▫️Corner unit - more privacy and natural light
▫️Modern architecture and smart layout
▫️Gated community
▫️Prime location between Layan and Bang Tao
🔥The key advantage - the price is lower than the current developer price.
A great option for both personal use and investment in one of Phuket’s fastest-developing areas.
Foreign nationals can own the building (townhouse) in their own name, but not the land that it stands on.
Foreign nationals cannot own land in Thailand in their own name. The options for a foreigner to make use of the land are via a long-term lease or by investing in a Thai company that owns the land.
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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:
After you have found the right property at Synchro Layan you have to follow these steps:
Installment Milestone Payment Reservation Deposit Immediately ฿200,000 1st Installment 15 days after reservation / upon signing contract 30% 2nd Installment Foundation completion 20% 3rd Installment Super structure completion 20% 4th Installment Walls, Tiles, Windows installation 10% 5th Installment Townhouse Completion 10% 6th Installment On handover 10%