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For anyone who are interested to purchase a house in the Hin Suay Nam Sai Resort (commission fee 3% available) Location : Distance ~ 180-190 km from Bangkok / Ban Phe, Klaeng District, Rayong Province 2-story house / usable area~ 125 sq m. / 2 bedrooms + Air / 2 bathrooms / kitchen /living room / balcony, ground floor - upper floor, sea view - hillside trees, land title deed ~ 47.50 sq m. House name: Nokkao 7 (K-7) Foothills, seaside, beautiful view. No need to pay common fees In the case of housing program participation: Daily-monthly rental with the Resort project “Hin Suay Nam Sai” Environment: - Prosperity/surrounding area nearby - Hin Suay Nam Sai Resort Project - Surrounded by leading resort projects and 4-5 star hotels. such as Novotel hotels Ban Phe Rayong / JW Marriott Hotel Rayong / Luxurious Condos / Single house by the sea (Selling price per house is approximately 30-35 million baht) Approximately 1 km. away from Hin Suai Nam Sai Project. Next to the Hin Suay Nam Sai Resort , about 300- 400 meters away, there is a new project “Amatara Residences Rayong”. Single house Pool Villa, selling each unit for 50-110 Million baht.
Foreign nationals can own the building (house) 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 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.