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Welcome to the tranquil land of Talat Yai – a dreamland where the mountains meet the sea, in the stunning province of Phuket!Up for auction is the ultimate in luxurious living – a 205 sq.m 3-bed, 3-bath abode awaiting your purchase. Situated as part of the vaunted Bay SkyCliff project, it's been lovingly crafted to the highest standard and is completed as of August 2016.This truly majestic property exudes an upscale vibe and is ideal the perfect investment opportunity! Beauty, grace and elegance create an ambience that will never tire, making it the ideal spot to unwind while doing some serious lounge-lizting with friends and family.Plus, Talat Yai is a veritable oasis of tranquility – ideal for those seeking a bit of peace and harmony in which to unwind. And to cap it off this jaw-dropping house can be yours – all that's required is a base price of ฿5,394,500 (฿26,315/SqM). It's an offer you can't refuse!This unique opportunity could be just the thing you've been looking for, and I urge you now to make an enquiry on this stunning house. Get in quickly and make it yours for the taking.
Foreign nationals can own the building (house) 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 The Bay SkyCliff 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.