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Avast ye seafarers, gather 'round for a rare opportunity you won't want to miss! For a lowly sum o' 50 million Thai baht ye can be the proud owner of this 856 SqM villa in the prestigious Sri Panwa development! The luxurious abode, with two rooms and two heads, was completed way back in 2005 and is still sailin' strong today. Imagine yerself embracing the captivating vista of Wichit while you kick back in the lap of urban luxury.At a figure of 58,411 TB per SqM, this property is a right steal of a deal. Every last bit of it will captivate your guests, from its well-maintained interior to its infinitely inviting deck. Visualize yourself loungin' outside in a tranquil atmosphere, the distant sights and sounds of the nearby ocean lapping upon your senses.So if you plan to set sail for Phuket and make it your home, make sure ye weigh anchor at Sri Panwa. Drop yer anchor and grab this deal while it lasts—it'll be gone faster than the blink of an eye. So what are ye waitin' for, matey? Cast off yer lines and come weigh anchor here!
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 Sri Panwa 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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