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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.
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:
After you have found the right property at The Hideaway you have to follow these steps:
Payment Term Installment Milestone Payment Reservation Deposit Immediately ฿150,000 Deposit Immediately 25% 1st Installment Upon signing ฿1,057,084 2nd Installment Lower floor slab and pool structure ฿1,057,084 3rd Installment Roof completed ฿1,057,084 4th Installment Block walls completed ฿1,057,084 5th Installment First fix MEP and wall rendering ฿1,057,084 6th Installment Tiling and installation of doors and windows ฿1,057,084 7th Installment Practical completion 20 defects or less ฿400,000
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