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We are a young property developer of high-end luxury residences in Phuket, and a subsidiary of Mongkon Mahakit , an internationally leading gold jewelry manufacturer since 1987. For years, Mongkon
Mahakit has proudly been working with the world’s top jewelry brands in producing the products of great design and quality.
Through our affiliation with Mongkon Mahakit, Pavara Development inherited the long-established tradition of balance and excellence in design. We also pay attention to meeting great expectations of discerning clients for high-quality product construction. We strive to become the best award-winning property developer, but also a revolutionizing force for homeowners’ better lifestyle and quality of living, and for property investors’ higher performing assets.
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 Pavara Vhana Collection you have to follow these steps:
Off-Plan Purchases Installment Milestone Payment Reservation Deposit Immediately 2% 1st Installment Sales and Purchase agreement signed within 30 days 28% 2nd Installment Foundation posts finished 15% 3rd Installment Concrete structure finished 15% 4th Installment Wall and roof structure finished 15% 5th Installment Floor tiles, built-in interiors, paints, windows and doors finished 15% 6th Installment On handover 10%