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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 Millionaire899 Pool Villa @Bangpor you have to follow these steps:
Unit selection and agreement of terms and conditions
Sales and Purchase Agreement
1st Contract Payment
Millionaire899 Pool Villa @Bangpor is conveniently located just 460 m from 7-Eleven, which can be reached within 6 mins. by foot.
There are many other shops situated in the area of Millionaire899 Pool Villa @Bangpor, the 3 closest being:
- MaingamSamuishop is 5.0 km away (an approx. drive of 7 mins.)
- K.C. Fresh is 4.2 km away (an approx. drive of 6 mins.)
- Shell shop is 3.3 km away (an approx. drive of 4 mins.)
The surrounding area, where Millionaire899 Pool Villa @Bangpor is situated, offers a wide variety of restaurants. See the closest of them below:
- Khao Man Soi 4 is 260 m away (a walk of about 3 mins.)
- Chicken Rice Made to order Bang Por Soi 4 is 270 m away (a walk of about 4 mins.)
- Paboon Noodles is 330 m away (a walk of about 4 mins.)
Sat. Angthong Hospital is the nearest health facility, which is 6.9 km away (you can drive there in 9 mins.) from the project, while the closest schools in the proximity of Millionaire899 Pool Villa @Bangpor are:
- Ban Bang Po Child Development Center is 1.3 km away (an approx. drive of 3 mins.)
- Dolphin Manor is 6.3 km away (an approx. drive of 9 mins.)
- Samui Art Space is 3.0 km away (an approx. drive of 4 mins.)
Samui Airport is located 17.5 km from Millionaire899 Pool Villa @Bangpor and it takes about 28 mins. by car or taxi (depending on the traffic) to get there.