Suthep, Mueang Chiang Mai,Chiang Mai
For Sale: Newly built 2-story twin townhome near Chiang Mai University and Nimman, located in a development project, priced below the market rate, with half of the transfer fee covered by the seller. Land size: 25 sq.wah. Living area: 125 sq.m. Features 2 bedrooms and 3 bathrooms. Includes 3 free air conditioners, water pump, and water tank. Enjoy privacy with a beautiful view of Doi Suthep. Good community, close to Chiang Mai University, Suan Dok Hospital, and One Nimman, only 1 km away. The project has 2 access points: one near the 41st Air Wing (with security) behind the Ton Phayom Market, and another on Khlong Chonprathan Road (automatic gate). Great location, hard to find in this area. Ideal for both personal use and investment."
24H Security
CCTV (Video Surveillance)
Car Parking
Communal Garden Area
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 Baan Nimman 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.
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