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Nice and well-maintained house in the charming area of Siam Home Group in Chakpong Single-storey villa with 150 m2 of living space divided into: · 108 m2 inside with 3 bedrooms and 2 bathrooms · 22 m2 covered terrace · 20 m2 terrace (Skybar) on the upper floor As a package, you buy, and take over, the house, the lease agreement for the plot, service agreement for maintenance and the share ownership in a Thai company. This Thai company owns the land within the area including all plots, common areas such as pool, garden and parking, and runs security, care and maintenance of the area. In this way, you ensure that you have control and influence over the future of your home. ID: HL-SG25 The house as specified on the following pages: 4,250,000 THB Part ownership through shares in land owning companies: 600,000 THB (In future purchase contracts, the buyer will undertake to also purchase these shares in a separate contract). Service fee and lease 2024: 11,666 THB/month Year of construction: 2006
Foreign nationals can own the building (house) 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 Siam Home 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.