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This property is a 354 SqM villa with 3 bedrooms and 3 bathrooms that is available for sale. It is part of the project in Thep Krasattri, Phuket and will be built within 16 months of purchase.
Foreign nationals can own the building (villa) 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.
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:
After you have found the right property at Anchan Indigo you have to follow these steps:
Installment Milestone Payment Reservation Deposit Immediately 2% 2nd Installment Signing of contracts within 45 days 28% 3rd Installment Foundation completion 15% 4th Installment Concrete Structure completion 15% 5th Installment Walls and Roof Tiles completion 15% 6th Installment Floor-Wall Tiles & Interior completion 15% 7th Installment Villa Transfer / Land Registration 10%