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Are you looking for an opportunity to show your bank statement off to the envy of your entourage? Then we have the perfect property for you! This two-bedroom, two-bathroom dwelling of 115 square metres is part of the illustrious Villa Medica project in the culturally-rich area of Pa Khlok, Phuket. Built to the highest standards of craftsmanship and sophistication by December of 2015, this property is to die for! The low price of ฿14,650,000 (฿127,391 per square metre to be precise) is its own unique selling point. The undeniable feeling of grandeur and freshness experienced when inside the property is unparalleled. An abode of this quality cannot be described in words alone, nor can the magisterial view of the surrounding beauty. So what are you waiting for? Invest wisely and get ready to treat yourself to the living experience of a lifetime!
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 Villa Medica 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.