Nong Prue, Pattaya, Chon Buri
Lalin Property Public Company Limited was established on September 8, 1988 with the initial registered capital of 20 million baht. Mr.Taweesak Watcharak Rakkawong And Mr. Chaiyan Chakarakul is a major shareholder. The company operates a housing business under the slogan "A house built on good intentions" by launching the first townhouse project. Under the project name Lally Ville in 2 locations, namely Srinakarin Road and Joss Airforce, with a total of 800 units with a total area of 88 rai. The total project value is 1,100 million baht. Currently, the project has been closed for the entire period. The company Has launched ongoing housing estate projects Even during the economic crisis since 1997
During the crisis of real estate business, the company initiated marketing for many new housing projects, such as Friend Get Friend project and applying the Escrow Account system to create confidence for customers. Is just one of the few companies in the real estate business That does not have to enter into a debt restructuring plan with financial institutions. In addition, the company is also a leader in the project procurement strategy. And land which is a guarantee of non-performing loans (NPLs) of various financial institutions Including purchasing from property auctions from the Financial Institution Reform Organization (FRA) to develop the project further Resulting in the company Able to continuously develop projects And has increased sales every year Including operating costs that can compete with competitors in the current competitive environment
The company has continuously increased its registered capital to support the development of various projects. Until now The company has a paid-up capital of 825 million baht and has changed to a public company on 3 September 2002.
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:
After you have found the right property at Lalin Property Pattaya you have to follow these steps:
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