- 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 Zenithy Luxe you have to follow these steps:
Payment Term Installment Milestone Payment Reservation Deposit Immediately 2% 1st Installment 30 days after contract signing 28% 2nd Installment Completion of Main Structure 20% 3rd Installment Completion of Roof and Walls 20% 4th Installment Completion of Windows and Doors 20% 5th Installment On handover 10%