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The Menara Hill Luxury Pool Villas development is currently under construction with phase 1 comprising six modern Moroccan inspired luxury pool villas set in peaceful, tranquil surroundings and within easy reach of schools, shops, restaurants, bars and the beach. Work has already started on the first villas with some units already sold. Very peaceful location amongst fields, trees, hills and nature. 3 bedrooms, 4 bathrooms, parking for 2 cars, 3.5x8m private pool and 24hr security. You will enjoy a comfortable stay with a touch of Middle Eastern culture mixed with modern contemporary. The decoration is simple and bright with a glass door to a balcony, a swimming pool, and a garden to enjoy the days relaxing. The outdoor area has a spiral staircase connecting to an indoor rooftop terrace overlooking the pool where the residents can also enjoy a stunning view of nature. The villa project is located in Si Sunthon in a good potential business area and it takes a short time to many attractions such as shopping malls, sports centres, entertainment Park, white Sandy Beach, Phuket International Airport, and Phuket town. All villas have been architecturally designed to enjoy the stunning uninterrupted views of the serene, natural surroundings and the evening sunsets.
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 Menara Hills you have to follow these steps:
Off Plan (12 Month) Installment Milestone Payment Reservation Deposit Immediately 1% 1st Installment Within 30 days of reservation deposit payment 29% 2nd Installment Upon Completion of Pilings & Foundation 15% 3rd Installment Upon Completion of Main Structure 15% 4th Installment Upon Completion of Roof, Walls & Partitions 15% 5th Installment Upon Completion of Floors Tiles and Walls Tiles 10% 6th Installment Delivery of the house ready for Occupancy 10% 7th Installment Within 30 days after, the developer notifies the date of registration of transfer of ownership 5% Finished House Installment Milestone Payment Reservation Deposit Immediately 2% 1st Installment Upon contract signing 48% 2nd Installment On handover 50%