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A wonderful opportunity to buy this fully furnished four bedroom family home at Park Avenue (Koolpuntville 15), San Pu Loei just 10 minutes to Central Festival along with several international schools within a 15-20 minute drive. Key details: - 250 Sqm of living space set on a 100 Sq.wah plot - Four bedrooms - Four bathrooms - Spacious open-plan living/dining room - Separate kitchen with plenty of storage units and work surfaces - Kitchen equipped with microwave, fridge freezer, rice cooker, kettle, etc - Nice sized wrap-around garden - Covered parking for one car, off-road parking for further vehicle - Fully furnished - Air-Con to all rooms Development facilities: - Swimming pool - Gym - Security.
Foreign nationals can own the building (house) 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.
After you have found the right property at Koolpunt Ville 15 Park Avenue 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.