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Are you in the market for an out of this world experience? Then why not take a closer look at this "Utopia Maikhao" villa available in Mai Khao, Phuket! It's a 148 Square Meter residence fit with two bedrooms and 2.5 bathrooms that was completed as recent as December of 2020! It's the perfect piece of paradise that you've been dreaming of and the best part is, it won't break the bank. You can buy this fabulous villa at a base price of the 15 million Thai Baht (That's about 106,419 for each square meter!) This breathtaking villa will make all your friends jealous! Relax in your very own paradise in both indoors and out. Imagine cooking dinner for family and friends in the stunning kitchen, or gathering together in the outdoor terrace with it's incredible view of the manicured gardens and serene swimming pool. Feel like you're living in a mansion with grandeur linings, prime-quality ceramic tiling and a contemporary, luxury design. Perfectly situated in the Utopia Maikhao complex, the villa's security is top-notch and its facilities are the best you can find. What more could you ask for? If you've been dreaming of a perfect weekend getaway or a top-end pad in paradise, then this is the property you've been searching for. So come have a look and be prepared to be amazed!
Foreign nationals can own the building (villa) in their own name, but not the land that it stands on.
Foreign nationals cannot own land in Thailand. The options in which a foreigner can control the land are via a 30-year lease or by purchasing the land through a Thai company.
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 Utopia Maikhao 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.