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Are you looking for a property that will blow your socks off? Well, this villa has all the bells and whistles you can think of. It's part of the Utopia Maikhao project in Mai Khao, Phuket and is ready and waiting for you. Can you imagine how cool it would be to own a 148 Sqm villa with two bedrooms and two and a half bathrooms. It's like something out of a dream! The villa was completed in December 2020 so it's literally ready to move in. Plus with a base price tag of only ฿15,750,000 (that's ฿106,419 per sqm) it's not gonna break the bank. You'll have change from a hundred mil! Moreover, as if that wasn't enough, the villa features private outdoor space, large windows for plenty of natural light, and a terrace for sunny afternoons where you can enjoy the pool views. Can it get any better? Go ahead and feel like the lord of the manor and book a viewing to discover your slice of Utopia. You won't be disappointed!
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 Utopia Maikhao 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.