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Palm Villas Samui have completed a two villa project near Big Buddha, this developer has turned there attention to Chaweng Noi. Palm’s owner Mr. Darren Green who was originally from the UK. had been researching locations around the northeast coast for almost six months prior to settling on the Chaweng Noi area. As he states “we were looking for perfect sea view land giving our clients the very best location, combined with an attractive price and highest quality finish”. “The quality of our build speaks for itself, and we use references from past clients around the island who vouch for our professionalism”.
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 XV SAMUI Villas you have to follow these steps:
Unit selection and agreement of terms and conditions
Sales and Purchase Agreement
1st Contract Payment
XV SAMUI Villas is conveniently located just 10 min walk to Chaweng Beach and 650 m from seven Eleven, which can be reached within 10 mins. by foot.
There are many other shops situated in the area of XV SAMUI Villas, the 3 closest being:
- PSP Koh Samui is 1.8 km away (an approx. drive of 5 mins.)
- Sonia's Shop Koh Samui (Sonia's Shop Koh Samui) is 1.5 km away (an approx. drive of 4 mins.)
- Samui Coconut Oil Soap is 1.8 km away (an approx. drive of 4 mins.)
The surrounding area, where XV SAMUI Villas is situated, offers a wide variety of restaurants. See the closest of them below:
- Samui Island is 210 m away (a walk of about 3 mins.)
- Thai Food Station is 360 m away (a walk of about 6 mins.)
- Retro Noodles Yentafo somersault is 1.2 km away (approx. 4 mins. by car)
Bangkok Hospital Samui is the nearest health facility, which is 1.2 km away (you can drive there in 5 mins.) from the project, while the closest schools in the proximity of XV SAMUI Villas are:
- TEFLworld is 1.4 km away (an approx. drive of 5 mins.)
- Panyadee - The British International School of Samui is 1.6 km away (an approx. drive of 4 mins.)
- CDC is 1.1 km away (an approx. drive of 3 mins.)
Samui Airport is located 6.3 km from XV SAMUI Villas and it takes about 16 mins. by car or taxi (depending on the traffic) to get there.