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Located in Saraphi, close to international schools like ABS, ACIS, Unity, Chiang Mai Sky, Varee, and Montfort. Living area of 300 SQM. (furniture not included) Land size: 64 SQW. 3 bedrooms 3 bathrooms 1 parking space Nearby Facilities: Thriving market nearby - 900m Bangkok Hospital - 6.8km Central Airport Plaza Chiang Mai - 2.4km ABS, ACIS School 8.7km Unity School 8.7km Montfort School 4.7km Varee School - 6.5km Free Inclusions: Hitachi 350W water pump Water tank 1-year termite control for the entire house Kitchen with stove and extractor hood Costs for the transfer day will be split equally between the buyer and the seller. This house is suitable for investors looking for a property with potential for value appreciation, due to its convenient location near various important facilities, including several international schools. The area has high rental demand and offers good rental yields. The neighborhood is currently being developed with an 8-lane road, supporting the upcoming opening of an international airport. This house is a valuable investment property for you!
Foreign nationals can own the building (house) 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 The Oriental (Regent 3) 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.