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Available for rent or sale now ready to move in (Including all furniture) Modern style with 2 Floor, 4 Bedrooms, 4 Baths, 1 Living Room, 1 Bar and 1 Karaoke room Land Area: 68.5sq.w. (155sq.m.) All Usage Area: 175sq.m. Facilities Swimming pool size 3.5x8.0m 5 Airconditioning Gym WIFI InternetSecurity 24HRS 2 Car park 5 of smart TV 5 minutes to Bangkok Hospital 10 minutes to Central Festival Phuket
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 The First Phuket 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.