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Townhouse for sale in Sukhumvit Garden City 2 Village, area size 61 sq.wa.. Accessible via 4 routes: Sukhumvit Soi 50, Soi 54, Soi 62, and the road parallel to the railway. Near the entrance of BTS On Nut Station. Close to expressway ramps for two routes: Sukhumvit 62 and Sukhumvit 50. Near Tesco Lotus On Nut, Bangjak District Office, and Thephill Mall. 2-story townhouse. 5 bedrooms, 3 bathrooms, 1 large foyer. 1 maid's room, 1 maid's bathroom.
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 Sukhumvit Garden City 2 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.