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Villa project located in Rawai, Phuket and was completed in Jan 2019. It has 3 units across 1 floors and was developed by The Suksan Group,This resale unit is freshly completed by Jan 2023 with fully furnished, generous size of landscape and next door to the rubber plantation which give nice breeze to the villa. 19 mn ThB. is a great value for money on this plot, ready to move in and enjoy either for your privately use or investment when put the villa into rental market.
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 Villa Suksan- Phase 5 you have to follow these steps:
Terms of payment Installment Milestone Payment Reservation Deposit Immediately 1% 1st Installment Upon contract signing 29% 2nd Installment Upon footing completion 20% 3rd Installment Upon concrete structure completion 20% 4th Installment Upon roof completion 10% 5th Installment Upon electric and plumbing conduits completion 10% 6th Installment On handover 10%