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Are you looking for a solid investment opportunity in northern Thailand? Look no further than The Prominence Proud project! Available for sale is a 134 SqM house with three bedrooms, three bathrooms, and a stunning view of the countryside. In just six months after purchase the property will be professionally built and ready to be enjoyed. This is an amazing opportunity for savvy investors and new homeowners alike.Situated in Chiang Mai's picturesque San Sai Noi neighborhood, the house is part of a modern and welcoming residential development. You'll appreciate its contemporary architecture and well-thought-out floor plan. Each room has been designed to make the most of the living space, allowing ample room for family and friends.The house has been priced at ฿3,908,000 (฿29,164/SqM), making it a very affordable luxury property. The neighborhood has convenient access to nearby schools, parks, shopping centers, and other recreational facilities. Living in The Prominence Proud project, you can enjoy a relaxed lifestyle while also being close to the city.Do not miss out on this exciting opportunity. Contact us today to enquire about this breathtaking property and The Prominence Proud project!
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 Prominence Proud 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.
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