Maret, Koh Samui, Surat Thani
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.
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:
After you have found the right property at PRANEE by Tropical Life Residence you have to follow these steps:
Installment Milestone Payment Deposit Immediately 10% 1st Installment Upon contract signing 20% 2nd Installment End of foundations 15% 3rd Installment End of shell 25% 4th Installment End of covering 25% 5th Installment On handover 5%
PRANEE by Tropical Life Residence is conveniently located just 30 m from Mini Big C, which can be reached within 1 min. by foot.
There are many other shops situated in the area of PRANEE by Tropical Life Residence, the 3 closest being:
- Lotus is 120 m away (about 1 min. by foot)
- B.M. Toys & Games is 310 m away (about 4 mins. by foot)
- Ko Ko Gallery is 670 m away (about 8 mins. by foot)
The surrounding area, where PRANEE by Tropical Life Residence is situated, offers a wide variety of restaurants. See the closest of them below:
- Fried Chicken with Fried Pork is 30 m away (a walk of about 1 min.)
- Pizza is 30 m away (a walk of about 1 min.)
- The Sports Page 25 is 30 m away (a walk of about 1 min.)
General practitioner's office is the nearest health facility, which is 260 m away (you can walk there in 3 mins.) from the project, while the closest schools in the proximity of PRANEE by Tropical Life Residence are:
- D Jade is 190 m away (about 2 mins. by foot)
- Thet is 280 m away (about 4 mins. by foot)
- Wat Lamai School is 390 m away (about 5 mins. by foot)
Samui Airport is located 12.7 km from PRANEE by Tropical Life Residence and it takes about 23 mins. by car or taxi (depending on the traffic) to get there.
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