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Brand new villa in Phuket. (Completion of construction works December 2022) Ready to move in. Location: 5 minutes from Bang Tao Beach. Privat complex of luxury villas Anchan Hills. Villa 418 square meters, fully furnished, ready to move in. Three bedrooms, three bathrooms, a large guest area with a kitchen, panoramic windows everywhere. Swimming pool 10 meters, sala, grill. Central air conditioning, all necessary equipment available. Individual luxury interior design. (Not stock from the developer!) Customized entrance group: made a pool with Koi carp and a tropical garden.
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 Anchan Hills 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.