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Wallaya Hill by Wallaya Villas - The newest residence offers a rare opportunity to retreat and rejuvenate
Wallaya Hill is a development of Modern Contemporary Pool Villas situated in Kamala, Phuket. Developed by Wallaya Villas Development Co., Ltd., each villa offers approximately 373 square meters of living space.
Key Features:
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Wallaya villa’s design inspiration was taken from back to basic concept, inspired by grey,black, cement base and wood color. Also use of unique lava stone tiles which create a deep emerald green coloring for the pool. While still simplistic like all wallaya properties, this development has more artistic punch. Inspiration for this design came from modern loft style influences with simply decorate items of well selected furnitures.
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 Wallaya Hill by Wallaya Villas you have to follow these steps:
Untitle Installment Milestone Payment Reservation Deposit Immediately ฿200,000 1st Installment Contract Signing (30 days after reservation) 30% 2nd Installment Pilling & Foundation Completion 15% 3rd Installment Super Structure with Roof Completion 15% 4th Installment Wall Plastering, M & E Completion 15% 5th Installment Finishing Works (Tiles, Doors & Windows Installation, Built-in Furniture) 15% 6th Installment On handover 10%