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Is buying a home is legal in Thailand?

Yes. Through leasehold ownership or a legal Thai-registered company. the safest and easiest way is through leasehold which is legally protected under Thai law. Thai laws do not allow individuals to own 100% of land in Thailand in a freehold structure.

Is there any additional costs to take into consideration?

Yes. the registration process costs 20k Thai baht, for the lawyer's fee for setting up the agreements. there is a monthly payment for the management and company.

  • Full advanced payment upon signing a purchase agreement. (Approximately 10% discount on the finalized villa).

  • Installment payment in stages -  30% purchase agreement 30% registration phase, 30% beginning construction (scheduled July-sep 2024), and 10% key delivery upon completion. 

What are the payment terms?

2 options available

Does is include furniture?

Yes. all units will be fully furnished.

The management company will manage the public spaces and the villas internally, including renting, cleaning, do maintenance work, and all necessary actions to keep the compound up and running.

Who will be taking care of my villa if I’m not living on the island?

The compound will be managed by a professional management company that the villa owners and, or developers will choose.

What is the land title ?

The land title is chanote, which is the higher land grade available in Thailand. meaning all measurements and criteria are accurate and fully legitimized.

What is the schedule?

The marketing phase should be finalized by July 2024, from then to be on the safe side we take 14-16 months.

How does the leasehold process works ?

A simple lease agreement provides foreigners ownership of the house for 3 periods of 30 years each. and also inheritance for future generations

  • Size of the villa - several villa types are available at various prices.

  • The Villa location in the project impacts the view.

  • The price will increase over time, with each step completed risk minimization will apply and prices will go up. same as all real estate projects around the globe.

  • Private plunge pool yes or no.

Will all units cost the same price?

No. 4 main impacts on pricing.

Will i be able to purchase the villa land instead of the leasehold structure?

Yes. if you have a Thai-registered company, you will be able at any given moment to transfer the leasehold structure into freehold ownership.

You are buying more than the land surrounding your specific villa.

Who will own the public spaces?

All public spaces will be registered equally on the percentage basis of your villa size in compering. So yes,

Dec-April (high season)

May-Aug  (low-mid)

Sep-Nov (mid-season)

But our assumption is for a 60-80% occupancy rate at different times of the year.

Villa owners will have 1 month a year free of charge from the management company costs to enjoy their villas for holidays.

What occupancy rate should I expect, and can I use the villa for the holiday?

luckily, Koh Phangan is one of the only places on earth that enjoys almost 12 months of tourism season.

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