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2005 marked the first time that the Thai property industry welcomed the establishment of Pannaphat Development Company Limited. By following the clear vision set by Chairman Suphat Kusolphat, the company embarked upon creating valuable property developments that are of high quality and situated at highly desirable locations throughout Bangkok. The remarkable success of all the Pannaphat projects has earned us nationwide recognition.
Working for over a decade in property development, our company has the expertise, the experience and the in-depth understanding of consumers which allows us to continue delivering new and bold housing innovations.
Our recent four projects on Sukhumvit 49, considered highly-valued residential properties, offer the next level of ultimate luxury residences. All of the developments boast elegant design and meticulous attention to detail, complete with their own exclusive communities, as follows:
Each of Pannaphat's projects is executed from our aspiration to be a leading Thai property development company with world class standards. We strive to become the first choice for those seeking only the best for their families.
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 749 Residence 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.