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The land plot is located in the Narayan Heights development Choeng Mon. The land is 1220 sqm and has stunning uninterrupted sea views. The land plot is approximately 30 meters wide by 40 meters long. All the surrounding villas have already been built so there is no possibility of the view being blocked. The land plot has a gentle slope as well as a large flat area which would make a perfect garden. The plot is located approximately 240 meters from the beach. The land already has a building permit for the villa of over 800 sqm. The new owner can choose to design and build their own villa as long as they follow the project building regulations. You can build maximum of 6 meters high from the highest point of the land.
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.
Foreigners can own a condominium Freehold in their own name. Condominium ownership is best explained by looking at an example of a project that has 100 units for sale.
In this example, 49 of the total units in this building (or 49% of the total salable area) can be owned outright by non-thai nationals in their name. The ownership titles of these 49 units is referred to as Freehold or Foreign Quota.
This leaves 51 units remaining in the building (or 51% of the total salable). The freehold rights to these units are reserved for Thai nationals in what is commonly referred to as the Thai quota.
After you have found the right property at Narayan Height you have to follow these steps:
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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