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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 Ratchadakarn 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.
Ratchadakarn is conveniently located just 550 m from 7-Eleven, which can be reached within 7 mins. by foot.
There are many other shops situated in the area of Ratchadakarn, the 3 closest being:
- FamilyMart is 550 m away (about 7 mins. by foot)
- 7-Eleven is 480 m away (about 6 mins. by foot)
- Tesco Lotus Express Vibhavadi Branch 16/22 is 910 m away (about 11 mins. by foot)
The surrounding area, where Ratchadakarn is situated, offers a wide variety of restaurants. See the closest of them below:
- Delicious papaya salad is 40 m away (a walk of about 1 min.)
- Tum Je by DJ Je Ma'am is 40 m away (a walk of about 1 min.)
- Tum Elee Shop is 40 m away (a walk of about 1 min.)
bangkokskinnclinic is the nearest health facility, which is 640 m away (you can walk there in 8 mins.) from the project, while the closest schools in the proximity of Ratchadakarn are:
- Dreamers Academy (Nice Building 1) is 350 m away (about 5 mins. by foot)
- MTI is 330 m away (about 4 mins. by foot)
- Perfect Angel's Language and Personal Development School, Aum Um's Personality and Language Development School is 370 m away (about 5 mins. by foot)
Suvarnabhumi Airport is located 29.7 km from Ratchadakarn and it takes about 33 mins. by car or taxi (depending on the traffic) to get there.