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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.
After you have found the right property at The Binary 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.
The Binary is conveniently located just 520 m from Family Mart, which can be reached within 6 mins. by foot.
There are many other shops situated in the area of The Binary, the 3 closest being:
- second-hand brownies is 480 m away (about 6 mins. by foot)
- Garage Rich Charoenyont is 1.8 km away (an approx. drive of 3 mins.)
- Ha Feed Min Mart is 890 m away (about 11 mins. by foot)
The surrounding area, where The Binary is situated, offers a wide variety of restaurants. See the closest of them below:
- Isaan Kumanthong Somtum Restaurant is 160 m away (a walk of about 2 mins.)
- Thalang Super Pad Thai is 280 m away (a walk of about 3 mins.)
- Nai Chang's Kitchen is 2.4 km away (approx. 4 mins. by car)
Chonlakram Hospital is the nearest health facility, which is 890 m away (you can walk there in 11 mins.) from the project, while the closest schools in the proximity of The Binary are:
- Thalang International Language School Phuket is 690 m away (about 8 mins. by foot)
- Wat Si Sunthon School is 420 m away (about 5 mins. by foot)
- Phuket school where visa is 960 m away (about 13 mins. by foot)
Phuket International Airport is located 18.2 km from The Binary and it takes about 24 mins. by car or taxi (depending on the traffic) to get there.