ANDARA Residence 212 | Apartments | 3 bedroom

• Reservation deposit.
• Payment of legal costs for the assignment of rights.
• Final settlement with the seller upon signing of all contracts.
• Further payments to the developer at the stages of construction (if necessary).

View: to the sea

Ownership type: long term lease

Land square: 311 m²

Building square: 215 m²

Floors: 1

Location area

Distance to the sea: 100 m

Activities: «Horse Club» (2.6 km), «Café Del Mar Phuket» (2.9 km), «Phuket Fantasea» (2.4 km)

Spa/Resorts: «Banyan Tree Spa » (12 km), «Siladon Spa» (1.1 km), «Nahm Spa» (950 m)

Supermarkets: «Villa Market - Boat Avenue» (9.7 km), «Tops Porto de Phuket» (9.9 km), «BIG C» (1.6 km)

Restaurants/Cafe/Bars: «Café del Mar Phuket» (2.9 km), «Cappadocia » (1.1 km), «Casa Boho» (1.1 km), «The Pool House kitchen Hyatt» (650 m), «Blu Sea» (1 km), «Silk» (100 m)

Infrastructure

• Security
• Swimming pool(apartments with swimming pool)
• Walking zones
• Parking
• Gym
• Hotel service

Airport: 31 km

Malls: «Central Festival» (18 km), «Robinson Lifestyle Thalang» (17 km), «Jungceylon» (10 km)

Schools: «HeadStart International School» (11 km), «HEI Schools Phuket» (15 km), «British International School» (21 km)

Golf fields: 1.5 km

Tennis courts: 10 km

Is it possible for a foreigner to buy property in full ownership in Thailand?

Buying property in Thailand is a process that can raise many questions for foreigners, especially when it comes to ownership rights and property registration options. Let’s take a closer look at how one can acquire property in Phuket and what options are available for foreign nationals.

- Buying apartments in a condominium

According to Thai law, foreigners have the right to purchase apartments in condominiums in full ownership, also known as “freehold.” This means that you become the rightful owner of your apartment. The only limitation is that the share of foreign owners in one condominium cannot exceed 49% of the total number of apartments. This ensures that the majority of the property remains in the hands of Thai citizens. Alternatively, there is the long-term leasehold option (30+30+30 years).

Developers usually offer buyers the choice between two main options: “freehold” (full ownership) and “leasehold” (long-term lease). The choice depends on your preferences and long-term plans, as well as the developer from whom you are purchasing the property.

- Buying land and a villa

Acquiring land and a villa is a more complex process for foreigners, as under Thai law, land can only be fully owned by a Thai citizen or a Thai company. However, there are legal ways to acquire a villa:

1. “Leasehold”
   Long-term land lease + freehold house. In this case, you lease the land (usually for a period of up to 30 years with the option to extend) and become the full owner of the house. This is a convenient and popular option for foreigners wishing to own property in Thailand.
   
   

2. “Freehold” – full ownership of land and building through a Thai company. For this, you need to register a Thai company to which the land will be transferred. This option allows full ownership of both the land and the building but requires additional effort and consultation with legal specialists.
   
   

3. “Leasehold land + leasehold building” – this option involves long-term lease agreements for both the land and the building. It is the least expensive and simplest method of property ownership, especially if your plans involve temporary living or renting out the property. It also benefits from significantly lower taxes in case of a resale.
   
   

Conclusion:
Foreigners have several legal ways to acquire property in Thailand, and the choice depends on your personal goals and preferences. Whether it’s purchasing apartments with full ownership rights or registering a long-term land lease for a villa, it is always best to consult with professionals to choose the most suitable and safe option.

If you are considering purchasing property in Phuket, our team at Get Your Phuket will help you navigate the intricacies of local laws and offer the best options tailored to your needs.

Is it possible to take out a loan to buy real estate in Thailand?

Rarely, but such lending is provided by commercial banks under the following conditions:

• The maximum loan amount is up to 50% of the appraised value of the property;
• The maximum loan term is up to 10 years;
• The interest rate depends on the specific property after its appraisal, and typically ranges from 6-8%;
• It is important to note that the property is collateralized by the bank.

Procedure for obtaining a loan:

• The bank analyzes the developer’s activity and reviews the documents;
• The bank's specialists conduct an appraisal of the property's market value.

If the decision is positive, the loan is approved. Only your passport will be required.

Additionally, when purchasing new real estate, there is always the option to use an installment plan from the developer. The installment plan is interest-free for the duration of the construction of the condominium or villa, with payments made in stages.

What should you consider before purchasing?

The areas for permanent residence are different from the resort zones. It is also important to check the reliability of the developer by researching their past projects, ratings, and customer reviews.

What taxes and fees are required when purchasing property in Phuket?

The payment of taxes and government fees will be required. A lawyer or real estate agent will help navigate all the financial aspects and ensure that you are prepared for these expenses.

How to ensure the legal purity of the transaction?

This requires the assistance of a specialist who is well-versed in Thai legislation. A lawyer will help verify the documents and the developer's company for any encumbrances, the legality of the construction, and the land ownership documents.