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Pran Exclusive Residences is a villa development located in Mae Hia, Chiang Mai, Thailand. It is 8.6km from the city center with 24 villa units, to be built within 12 months of purchase. It is hotel-managed and features a swimming pool, a communal jacuzzi, a fitness center, a clubhouse, 24-hour security, CCTV, a reception/lobby area, car parking, a sauna.<br><br>Oriental designs are combined with a contemporary look: elegant sophisticated and functional. Our pride is in the creation of exquisite homes for your family, where you can entertain, live and love.
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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 Pran Exclusive Residences you have to follow these steps: