 Off Plan Developments |
 |
|
|
Ocean 1 - Thailand's highest residential tower ! |
 THE OCEAN SKYLINE IS ABOUT TO CHANGE FOREVER. AND SO IS YOUR LIFESTYLE.
A NEW LIFE IS BEGINING.
The project will not only alter the skyline with Thailand’s tallest building, but set a new benchmark in upscale living. A new residence that combines the prestige of record-breaking scale with the pleasure of sophisticated details, material luxury with natural beauty, and a great location. A postcard destination for others which an exclusive few can call home.
WELCOME TO OCEAN 1 TOWER.
Ocean 1 Tower brings a new philosophy of living life at its highest. Located approximately 200m away from a serene stretch of Jomtien beach in the resort of Pattaya, Ocean 1 Tower reflects the beauty of the sea in its elegant wave-themed, 91-storey design – the tallest building in Thailand. With rooms as high up as 327 meters, Ocean 1 Tower offers not just the best views of the sea but of the city as well, while providing an oasis of calm and a sanctuary in the sky.
|
| |
|
|
|
Kamala Hills |
 Kamala Hills - Quiet, exclusive apartment development in the foothills of Kamala. Custom designed and made furniture from Bali and quality fitted and furnished throughout. All the mod cons including 2 LCD TV’s and high speed computer connection |
| |
|
|
|
TANAMERA, Koh Samui |
 An excellent and one off opportunity to purchase a ready made business and accommodation. Tanamera resort is a well know and well established resort, that is situated directly on Big Buddha Beach with spectacular views over to neighbouring Islands, Koh Phangan & Koh Som.
The resort, offering a unique private residence comprises of 6 private 2 bedroom and 2 bathroom Villas, 2 one-bedroom apartments and a studio apartment, all featuring spectacular sea views.
The centre piece to the resort is a spectacular and specially designed private salt water filtered infinity edge swimming pool surrounded by lush tropical gardens. The resort properties offer a ‘home away from home’ situated directly on the world renowned ‘Big Buddha’ beach. The resort package is sold on a leashold basis,(price available upon request), existing client bank, and management / housekeeping team.
|
| |
|
|
|
|
Thailand and Phuket Land and Property Leases
Can a foreigner obtain 100% interest for a land lease in Thailand?
Yes. A foreigner can obtain 100% interest for a land lease in Thailand. Unlike direct land ownership, the law allows foreigners to obtain long-term land leases.
Do I have to register the land lease at the Land Department?
Leases up to three years need not be registered but registration at the Land Department is mandatory for leases that are three years or more.
What is the maximum lease term available?
The maximum lease term available is 30 years, with an option to renew for an additional 30 years. Each lease renewal that is agreed upon with the landowner must be registered at the local land office. For each new registration, taxes will be levied. Land for industrial or commercial purposes may be leased for up to 50 years by a foreign company under certain circumstances, with the possibility of extending the lease thereafter.
Why is land leasing favored by foreigners who wish to own property in Thailand?
There are numerous obstacles faced by foreigners who wish to buy land or purchase property in Thailand. To avoid these obstacles, many foreigners choose to acquire land on a 30-year leasehold with an option for extension. This is the simplest and most straightforward way for foreigners to acquire property in Thailand. In addition, a lease stays valid even in the event that the property or the land is sold.
What are the advantages of having a land lease over purchasing land with a company?
A foreigner’s lease rights are formally recognized by the Thai law. The land lease is executed and registered only once, after which very little legal maintenance is required. In comparison, a limited company has several shareholders who may have interests that are different from yours, and this could translate into potential risks for you and your objectives. Also, a company requires regulatory compliances such as yearly balance sheets to be filed with the Tax Department.
What are some of the drawbacks of land leases?
Even a well-constructed land lease and a separate option agreement to extend the lease between the landowner and the lessee cannot guarantee the timely renewal of the lease. A landowner may refuse to sign any registration for the lease extension beyond the 30-year expiration. Although the lessee can sue the landowner for breach of contract, the legal process entailed may be costly and time-consuming. Other drawbacks include the difficulty in obtaining a mortgage for a lease (as opposed to direct ownership); a lower resale value; and potential lawsuits from the landowner for lease violations.
Summary
Entering into a lease, or forming a company to buy land or purchase property - both methods have its advantages and disadvantages. It would be wise to examine your individual needs and obtain legal counsel from knowledgeable and trustworthy attorneys before you make a decision.
See www.thailandlawyer for more info
|
|
|
