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The Palm Parco, Stunning new house with 3 bedrooms 4 bathrooms at The Palm Parco. This village located near Intertional School and Motorway.
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 Palm Parco you have to follow these steps:
Type A Installment Milestone Payment Reservation Deposit Immediately ฿10,000 2nd Installment Upon contract signing ฿50,000 3rd Installment 18 months installment ฿300,000 4th Installment On handover 95% Type B Installment Milestone Payment Reservation Deposit Immediately ฿5,000 2nd Installment Upon contract signing ฿30,000 3rd Installment 18 months installment ฿155,000 4th Installment On handover 95%