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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 Punyisa Bang Jo you have to follow these steps:
Payment Plan Installment Milestone Payment Reservation Deposit Immediately 5% 1st Installment Upon contract signing 25% 2nd Installment Finished foundation posts 20% 3rd Installment Finished Structure 15% 4th Installment Finished Walls 20% 5th Installment Finished Floor,Built-ins,Windows,Doors 10% 6th Installment On handover 5%
Punyisa Bang Jo is conveniently located just 490 m from 7-11, which can be reached within 7 mins. by foot.
There are many other shops situated in the area of Punyisa Bang Jo, the 3 closest being:
- Chockchai homeandgardent is 1.8 km away (an approx. drive of 3 mins.)
- Lambretta Peugoet CF moto Phuket is 1.7 km away (an approx. drive of 3 mins.)
- ArtGlass Showroom Phuket is 1.3 km away (an approx. drive of 2 mins.)
The surrounding area, where Punyisa Bang Jo is situated, offers a wide variety of restaurants. See the closest of them below:
- Bangyup Grilled Squid & Grilled Meatballs is 450 m away (a walk of about 6 mins.)
- Roti Sarika is 460 m away (a walk of about 6 mins.)
- Subai Laugh is 420 m away (a walk of about 6 mins.)
Kowit Clinic Choeng Thale-Bang Tao Branch Kowit clinic Bang tao Branch is the nearest health facility, which is 4.0 km away (you can drive there in 8 mins.) from the project, while the closest schools in the proximity of Punyisa Bang Jo are:
- H2O Sportz is 2.3 km away (an approx. drive of 4 mins.)
- Mango Tango Kindergarten is 1.3 km away (an approx. drive of 3 mins.)
- H2O SPORTZ Co.Ltd is 970 m away (about 12 mins. by foot)
Phuket International Airport is located 18.9 km from Punyisa Bang Jo and it takes about 26 mins. by car or taxi (depending on the traffic) to get there.