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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.
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 Srithanu Residence you have to follow these steps:
Unit selection and agreement of terms and conditions
Sales and Purchase Agreement
1st Contract Payment
Srithanu Residence is conveniently located just 220 m from 7-Eleven, which can be reached within 3 mins. by foot.
There are many other shops situated in the area of Srithanu Residence, the 3 closest being:
- Family Mart is 350 m away (about 4 mins. by foot)
- 7-Eleven is 1.0 km away (an approx. drive of 1 min.)
- Family Mart is 1.1 km away (an approx. drive of 3 mins.)
The surrounding area, where Srithanu Residence is situated, offers a wide variety of restaurants. See the closest of them below:
- Sirtaki Taverna is 20 m away (a walk of about 1 min.)
- Karma Kafe is 50 m away (a walk of about 1 min.)
- Restaurant Sunshine is 60 m away (a walk of about 1 min.)
Koh Phangan Hospital is the nearest health facility, which is 4.8 km away (you can drive there in 8 mins.) from the project, while the closest schools in the proximity of Srithanu Residence are:
- Higher Yoga Academy is 160 m away (about 2 mins. by foot)
- Ban Srithanu School is 310 m away (about 4 mins. by foot)
- Playhouse Sri Thanu is 580 m away (about 7 mins. by foot)
Samui Airport is located 120 km from Srithanu Residence and it takes about 4 hours 13 mins. by car or taxi (depending on the traffic) to get there.