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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.
#1 - Who is the lessor? (an individual or a Thai Company) Securing a lease from a Thai Company offers much more security than a private individual.
#2 - Do I have voting rights as a Lessee? (Some lease contracts do not allow lessee to have voting rights)
#3 - Is there a succession clause in the lease agreement that will allow inheritance of the lease?
After you have found the right property at Grand Britania Rama 9 - Krungthep Kreetha you have to follow these steps:
Unit selection and agreement of terms and conditions
Sales and Purchase Agreement
1st Contract Payment
Untitle Installment Milestone Payment Reservation Deposit Immediately ฿100,000 1st Installment Upon contract signing 30% 2nd Installment On handover 70%
Grand Britania Rama 9 - Krungthep Kreetha is conveniently located just 290 m from Seven branches DHL, which can be reached within 4 mins. by foot.
There are many other shops situated in the area of Grand Britania Rama 9 - Krungthep Kreetha, the 3 closest being:
- Charoen Chang Air is 120 m away (about 1 min. by foot)
- Seven Branches of Rural Development 3 Points 2 Restaurant 12089 is 470 m away (about 6 mins. by foot)
- IF POWER GROUP is 820 m away (about 10 mins. by foot)
The surrounding area, where Grand Britania Rama 9 - Krungthep Kreetha is situated, offers a wide variety of restaurants. See the closest of them below:
- Sit comfortably and get rid of hunger. Rural development 3 is 30 m away (a walk of about 1 min.)
- Yasothon Larb Duck Restaurant is 80 m away (a walk of about 1 min.)
- Wichian Buri Grilled Chicken Restaurant, Phatthana Rural Road 3 is 100 m away (a walk of about 1 min.)
Animal Care Clinic Mind account is the nearest health facility, which is 8.5 km away (you can drive there in 15 mins.) from the project, while the closest schools in the proximity of Grand Britania Rama 9 - Krungthep Kreetha are:
- Smart Brain Romklao-Suvarnabhumi is 730 m away (about 9 mins. by foot)
- Nursery Alisa is 900 m away (about 11 mins. by foot)
- Satsana Samphan Darun Muhipbin School is 1.4 km away (an approx. drive of 5 mins.)
Suvarnabhumi Airport is located 9.5 km from Grand Britania Rama 9 - Krungthep Kreetha and it takes about 15 mins. by car or taxi (depending on the traffic) to get there.