2 Bedroom Villa for sale at The Bibury Phuket

The common area maintenance fee for properties at The Bibury Phuket is a fixed amount of ฿5,000. 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.

Surin Beach is the nearest Beach from The Bibury Phuket and it is 8.4 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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After you have found the right property at The Bibury Phuket you have to follow these steps:

• - Agreement of terms and conditions
• - Reservation Agreement
• - Reservation Deposit
• - Sales and Purchase Agreement
• - Settlement & Transfer

Payment Plan

Installment Milestone Payment

Reservation Deposit

Immediately

฿100,000

1st Installment

Upon contract signing

30%

2nd Installment

Construction Start

20%

3rd Installment

Super Structure

20%

4th Installment

Topping Out

15%

5th Installment

On completion

15%

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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.

• - 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.
  
  
• - Do I have voting rights as a Lessee? (Some lease contracts do not allow lessee to have voting rights)
  
  
• - Is there a succession clause in the lease agreement that will allow inheritance of the lease?
  
  

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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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