Foreigners may own buildings directly in their name or the name of an offshore company, with ownership registered at the Government Land Department. Trichada will register ownership in your name at the time of transfer.
While there are restrictions on foreign ownership of freehold land in Thailand, there are no such restrictions with regard to leasehold. Trichada provides 4 x 30 year lease terms, again registered at the Government Land Department. Leasehold takes primacy of land usage.
There are a number of very competent lawyers in Phuket who are well versed in local property regulations who may be contacted to understand more about ownership & to undertake due diligence on the Trichada sales agreements, These lawyers include:
Property Law & Litigation
Tel: +66 (8) 1894 6188
Tel: +66 76 324 035 Email: email@example.com
Chumpong Arsa (K Pong)
The Laws Firm Phuket (Thailand) Co Ltd
Tel: +66 (76) 513-255
Typical payment plan for villa purchased off plan:
2% with signature of booking agreement
28% on signature of main agreements (within one month of booking)
20% on completion of villa to flat roof (approx. 9/10 weeks)
20% on completion of pitched roof (approx. 7/8 weeks)
20% on completion of villa for lock up (approx. 8/9 weeks)
10% on villa handover & transfer documentation (approx. 8/9 weeks)