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Price just reduced from 29 MTHB down to 26,5 MTHB for a quick sale! This is a beautiful and modern luxury freehold pool villa in the conveniently located Peykaa Estate development in the heart of Cherngtalay area. The villa has a open plan living and kitchen area which opens up to the garden and terrace and here you also have a large saltwater swimming pool. The 3 bedrooms are all of good size with en-suite bathrooms and the master bedroom is overlooking the swimming pool and has a very large luxurious en-suite bathroom. The kitchen is very modern and comes with all necessary appliances and the living room enjoys high vaulted ceilings. The built up area of the villa is 260 Sqm and it sits on a large 676 Sqm land plot with a lovely garden. The villa is sold fully furnished and ready to move in. It was completed in 2019 and has private parking for 2 cars. The estate is a smaller luxury villa community of 16 villas. There is 24 hour security and the villa also has its own alarm security system. This is the perfect home for a family who enjoys the great indoor/outdoor living that Phuket has to offer and who is looking for a ready to move in villa of high quality and lots of garden space
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 Peykaa Estate Villas 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.