Bo Phut, Koh Samui, Surat Thani
Private Pool
Private Garden
Garden Access
Covered Parking
Balcony
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.
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 The Hideaway Phase 3 you have to follow these steps:
The Hideaway Phase 3 Installment Milestone Payment Reservation Deposit Immediately £5,970 1st Installment Thai Baht held by the client’s lawyer and released upon transfer of the land into the client’s company. The land is then owned solely by the client. 50/50 on the land tax. £76,400 2nd Installment Remaining balance in the building contract £192,000 3rd Installment Deposit/mobilisation, paid within 14 days after contract signing. Approx. 2 months to payment 8. £35,700 4th Installment Paid upon pool structure and ground floor slab. Approx. 2 months to payment 9. £35,700 5th Installment Paid upon roof completion. Approx. 2 months to payment 10. £35,700 6th Installment Paid upon block walls and first fix MEP. Approx. 3 months to payment 11. £35,700 7th Installment Paid upon render complete, tiling, and aluminium doors and windows on site. Approx. 3 months to completion. £35,700 8th Installment Practical completion, paid upon 20 defects or less. £10,000 9th Installment 30 days snagging period from practical completion £3,580
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