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Townhouse for sale in Sukhumvit Garden City 2 Village, area size 61 sq.wa.. Accessible via 4 routes: Sukhumvit Soi 50, Soi 54, Soi 62, and the road parallel to the railway. Near the entrance of BTS On Nut Station. Close to expressway ramps for two routes: Sukhumvit 62 and Sukhumvit 50. Near Tesco Lotus On Nut, Bangjak District Office, and Thephill Mall. 2-story townhouse. 5 bedrooms, 3 bathrooms, 1 large foyer. 1 maid's room, 1 maid's bathroom.
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 Sukhumvit Garden City 2 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.