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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 Y Residence Sukhumvit 113 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.
Y Residence Sukhumvit 113 is conveniently located just 400 m from N9NE, which can be reached within 5 mins. by foot.
There are many other shops situated in the area of Y Residence Sukhumvit 113, the 3 closest being:
- Ban Hua Pa Village Fund Office is 420 m away (about 5 mins. by foot)
- 108SHOP is 580 m away (about 7 mins. by foot)
- 7-ELEVEN is 660 m away (about 8 mins. by foot)
The surrounding area, where Y Residence Sukhumvit 113 is situated, offers a wide variety of restaurants. See the closest of them below:
- Catfish Salad Restaurant Jae Lek, Wat Dan is 50 m away (a walk of about 1 min.)
- B.T Steak is 60 m away (a walk of about 1 min.)
- Khun Uan Dumpling Shop - Pork Satay is 100 m away (a walk of about 1 min.)
Wachirabarami Medical Clinic is the nearest health facility, which is 5.0 km away (you can drive there in 11 mins.) from the project, while the closest schools in the proximity of Y Residence Sukhumvit 113 are:
- Dan Samrong Kindergarten is 260 m away (about 3 mins. by foot)
- Nontathi Kindergarten is 920 m away (about 11 mins. by foot)
- Siriwut Witthaya School is 4.1 km away (an approx. drive of 10 mins.)
Suvarnabhumi Airport is located 31.9 km from Y Residence Sukhumvit 113 and it takes about 38 mins. by car or taxi (depending on the traffic) to get there.