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The house is in an excellent position in Soi Siam Country Club not too far away from Sukhumvit and only a short drive the railroad. There are plenty of shops, markets and restaurants nearby
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. 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.