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Down from 9 mil THB to 6.9 mil THB !!! Great investment property - good rental return (5,5%/year) - or just for long term relaxed living - located a few minutes from Boat Avenue and a few minutes from Blue Tree Water park. Project completed: 2015 The property is located within a group of luxury pool villas with 1, 2 or 3 bedrooms. Cozy living rooms, fully equipped kitchen, laundry room, car parking, gym, management office, reception and small coffee shop. Housekeeping service, gardening and property maintenance are perfectly maintained by Brown Starling Company, included with 24 hour-a-day security and CCTV video surveillance service. The estate is located close to Laguna area, the Bang Tao and Layan beach, Villa Market, Porto de Phuket shopping mall.
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 Wings Villas 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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