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U1716826 Clover Residence - The Valley Phase II redefines the art of living with a harmonious blend of modern sophistication and the natural beauty of Phuket. Whether you're seeking a tranquil escape, a vibrant social scene, or a perfect blend of both, these well-designed units provide the ideal setting for your desired lifestyle.
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 Clover Residence - The Valley Phase II you have to follow these steps:
Installment Milestone Payment Reservation Deposit Immediately 2% 2nd Installment Upon contract signing 33% 3rd Installment Completion of the foundation posts 15% 4th Installment Completion of the structure ground floor 15% 5th Installment Completion of the structure upper floor and roof 15% 6th Installment Completion of the wall, floor and interior work 15% 7th Installment On handover 5%