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If you're looking to purchase a luxury property that you can start to call your own and make your dream home a reality, then you will want to check out this outstanding townhouse available in the highly sought-after Laguna Park 2 project in Choeng Thale, Phuket! With an ultra-spacious 240 SqM of living area spread out over 3 bedrooms (3.5 bathrooms if you count the attached guest WC) you have ample square footage for whatever your lifestyle may afford. With a modern design and scheduled for completion in Sep 2023, this townhouse is sure to exceed all expectations. But that's not all — you can own the townhouse today with a base price of ฿17,500,000, working out to ฿72,917/SqM! Whether you're looking for a permanent residence, a vacation home, or an investment property, this is without a doubt an unbeatable opportunity in real estate. Make it yours now, and start living the life in paradise you've always wanted!
Foreign nationals can own the building (townhouse) 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 Laguna Park 2 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.
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