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For Sales & Rent — Baan Klang Muang Sukhumvit–Onnut | Ready to move in Property Details: - 3 Bedrooms | 3 Bathrooms - 3 storeys - Land size: 19 Sq.wah | Living area: 148 Sq.m. - 2 Parking spaces - North-facing (no direct sunlight) Fully furnished with built-in furniture and complete electrical appliances: TV, refrigerator, washing machine, dryer, water heaters, air conditioners in every room, and curtains on all 3 floors. Contract: 1-year minimum contract Location: Soi Onnut 70/1 Only - 5 minutes to BTS Srinuch (Yellow Line) - 15 minutes to Airport Link Hua Mak and BTS Onnut (Green Line) - Easy access to Pattanakarn, Ekkamai, and Phetchaburi Road - Nearby: Seacon Square, Paradise Park, Suan Luang Rama IX Park, Nong Bon Lake Park - In front of the village: 7-Eleven, CJ Mall, Mr.DIY, Big C Mini, Lotus’s Go Fresh, Tops Daily, and many restaurants
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.
After you have found the right property at Baan Klang Muang Sukhumvit - Onnut 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.