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Ananda Development Public Company Limited was founded in 1999 by Chanond Ruangkritya.
Ananda has continued to develop its brands and its unique Urban Living Solutions, resulting in it becoming the leading developer of residential projects in close proximity to mass transit stations in Bangkok. Ananda achieved this success through its branded products such as "IDEO", first launched in 2007 and "IDEO MOBI" first launched in the first quarter of 2012. Its stylish, modern and high quality, yet affordable products have led to Ananda becoming one of the best-known property development brands in Bangkok.
Ananda Development Public Company Limited (the Company or Ananda), registration number 0107554000119, with the security symbol “ANAN” on the Stock Exchange of Thailand, was established in 1999 to engage in the real estate development business. The Company converted to be a public company limited in 2011 and has been listed on the Stock Exchange of Thailand since 2012.
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 Artale Asoke - Rama 9 you have to follow these steps: