Banyan Tree | Grand Residence | Lagoon Pool villas | 5 bedroom

High-quality turnkey finishing

Custom built-in furniture, including a fully equipped kitchen and wardrobes

Fully fitted and finished bathrooms

Professionally landscaped garden

Complete finishing of the terrace and swimming pool

Payment Schedule:

1st Payment: Upon signing the contract – 20%
2nd Payment: Upon 25% construction completion – 20%
3rd Payment: Upon 50% construction completion – 20%
4th Payment: Upon 75% construction completion – 20%
5th Payment: Upon project completion – 20%

Flexible Financing:
Installment plan available for 50% of the apartment cost over 3, 5, or 7 years.

Payment Methods

-SWIFT Transfer: Payment is made based on the official rental agreement and the issued invoice to the GYP Group company account in Thailand.

-Cash Payment: Payment is accepted in cash.

Release date - 03/31/2026

Build start - 12/01/2024

View: Lake

Ownership type: Long-term lease or full ownership

Location area

Distance to the sea: 500 m

Supermarkets: «Villa Market - Boat Avenue» (3.7 km), «Makro Thalang» (8.9 km)

Infrastructure

• Security
• Swimming pool(Common pool)
• Walking zones
• Parking
• Gym

Airport: 16 km

Malls: «Porto de Phuket» (4.2 km), «Robinson Lifestyle Thalang» (11.9 km), «Central Phuket» (23 km)

Schools: «HeadStart International School» (24.6 km), «UWC Thailand» (12.1 km), «Headstart International School » (13.6 km)

Golf fields: 900 m

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.

What are the guarantees for secure booking with GetYourPhuket?

Every booking with GetYourPhuket is officially processed. We send you a contract and an official invoice issued to our company, which is registered in Thailand.
GetYourPhuket has been operating since 2013 and hosts over 500 guests annually.
Our experience and reputation are supported by numerous reviews, including those from well-known personalities, celebrities, and bloggers. You can read the reviews in the "Reviews" section on our website.

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.

Can third parties (legal entities or individuals) make payments under the contract?

Yes, any legal entity or individual can make payment under the contract.

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.