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The owner is looking for a quick sale, which is why the villa is offered significantly below the current developer pricing. At the moment, the developer also has no completed villas available for sale in Manor Phuket, making this a rare opportunity for buyers who do not want to wait for construction.
🏡 Property Details:
4 bedrooms
Single-storey villa
Built-up area: 359 SqM
Air-conditioned area: 210 SqM
Land plot: 472 SqM
Extended private swimming pool – 2 meters longer than the standard project pool
Villa is fully completed and ready to move in
Fully furnished
Partially equipped with appliances
💰 Selling Price: THB 23,000,000
📑 Transaction Structure:
The ownership transfer has not yet been completed. Therefore, the sale will be structured as an assignment of the existing purchase contract / transfer of purchaser’s rights, subject to the developer’s procedures.
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 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.
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 Manor Phuket you have to follow these steps:
Installment Milestone Payment Reservation Deposit Immediately 2% 2nd Installment Sign Agreement within 30 days 33% 3rd Installment Completion of the foundation posts 15% 4th Installment Completion of the structure ground floor 15% 5th Installment Completion of roof structure and roof tiles 15% 6th Installment Completion of the wall, floor and interior work 15% 7th Installment Villa construction completion and handover 5%