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For Sale: Townhouse on Sukhumvit 22, Near Emsphere, with Rama 4 Road Access. This townhouse can be described with one word: Location, location, location! It is situated in the prime area of Sukhumvit 22. Right at the entrance of Sukhumvit 22 is the EmSphere shopping mall, and just a bit further is the renowned Em District, including Emporium and EmQuartier. Surrounded by luxury hotels, Benjasiri Park, and various shops, this is truly a prime spot in the heart of Sukhumvit's bustling tourist district. Speaking of the house itself, this two-story townhouse may require some modifications or updates depending on its future use. However, only certain areas need improvement, not the entire house, as it has already undergone some renovations. The owner has consistently maintained the property, and it remains in good condition. For sale: Townhouse in Ruamjit Village, Sukhumvit 22, 2 floors, 4 bedrooms, 4 bathrooms • Land size: 31 sq.wah, usable area: 200 sq.m. Parking space for 1 car (can be modified to fit 2 cars). Partially renovated several years ago. Suitable for both office and residential use. Ruamjit Village is an open community with night security. Located on Sukhumvit 22 Road, Khlong Toei District, Bangkok, with access to both Sukhumvit and Rama 4 Roads.
Foreign nationals can own the building (townhouse) 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 Baan Ruam Chit 22 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.