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The principal business of the Company is residential housing development, concentrating particulary on single detached houses. To date almost all the developments have been in the Greater Bangkok and its vicinities and in other major cities in Thailand; Chiang Mai, Chiang Rai, Khon Kaen, Nakhonratchasima, Udonthani, HuaHin, Phuket, Mahasarakham and Ayuthaya.
The Company registered share capital as at Dec 31, 2018, is totally 12,031,105,828 Baht. Issued and paid-up share capital is totally to 11,949,713,176 Baht.
Land and Houses Public Company Limited, founded in 1973, operating property development business, was established to be a company limited on August 30, 1983. The company operates property development business selling the detached house, townhome, and condominium in Bangkok, perimeters and major provinces such as Chiangmai, Chiangrai, Khonkaen, Nakhonratchasima, Udonthani, Hua Hin, Phuket, Mahasarakham and Ayuthaya.
Land and Houses’ vision is being a leading property developer in Thailand focusing on building a better living for house buyers and all stakeholders under good governance. The company attaches importance to the whole processes starting from the beginning until the delivery of the project and the quality house to the consumer. The company concentrates on research, development, innovation, technology, construction, design, through to material selection and service for building residences which can respond well and appropriately to the changeable needs of the consumer in order that the consumer will have a good quality of life and a better living. In addition, Land and Houses values society, partners, shareholders, employees, and all stakeholders to follow the company’s vision.
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.
#1 - Who is the lessor? (an individual or a Thai Company) Securing a lease from a Thai Company offers much more security than a private individual.
#2 - Do I have voting rights as a Lessee? (Some lease contracts do not allow lessee to have voting rights)
#3 - Is there a succession clause in the lease agreement that will allow inheritance of the lease?
After you have found the right property at Siwalee Rasada you have to follow these steps:
Unit selection and agreement of terms and conditions
Sales and Purchase Agreement
1st Contract Payment
Siwalee Rasada is conveniently located just 480 m from 7 Eleven, which can be reached within 6 mins. by foot.
There are many other shops situated in the area of Siwalee Rasada, the 3 closest being:
- laundry, coin operated is 560 m away (about 7 mins. by foot)
- MT Charoen Automotive is 870 m away (about 11 mins. by foot)
- Thanaviratana laundry shop is 1.5 km away (an approx. drive of 3 mins.)
The surrounding area, where Siwalee Rasada is situated, offers a wide variety of restaurants. See the closest of them below:
- noodles per table is 10 m away (a walk of about 1 min.)
- Nai Nuad's pork shop is 50 m away (a walk of about 1 min.)
- Jay Kyo Branch 8 is 60 m away (a walk of about 1 min.)
home is the nearest health facility, which is 1.5 km away (you can drive there in 4 mins.) from the project, while the closest schools in the proximity of Siwalee Rasada are:
- Phuket Giraffe is 60 m away (about 1 min. by foot)
- iKids Phuket Branch topkids is 100 m away (about 1 min. by foot)
- Kuku Wittaya School is 640 m away (about 8 mins. by foot)
Phuket International Airport is located 30.6 km from Siwalee Rasada and it takes about 39 mins. by car or taxi (depending on the traffic) to get there.