- List your property - Free
- Sign up or Log in
-
English- en
-
USD - $
- Buy
- Phuket Property For Sale
- Phuket Real Estate
- See Newest Listings
- Why Buy with AsiaVillas
- Rent
- Sell
- Projects
- Advice
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 Cocoon Villas Phase 3 you have to follow these steps:
Terms of Payment Installment Milestone Payment Reservation Deposit Upon contract signing $8,870 1st Installment Within 30 days of Booking Deposit Payment (minus RD) 30% 2nd Installment Upon Completion of Pilings & Foundation 15% 3rd Installment Upon Completion of Main Structure 15% 4th Installment Upon Completion of Roof, Walls & Partitions 15% 5th Installment Upon Completion of Floors tiles and wall tiles 15% 6th Installment Delivery of the Villa ready for Occupancy 5% 7th Installment Within 30 days after the developer notifies the date of registration of transfers of ownership 5%