Gardens of Eden | Park Residence | 3 Bedroom Apartments

Payment Schedule by Construction Stages:
1st payment: Reservation deposit – 100,000 THB
2nd payment: Upon signing the lease/sale agreement – 35%
3rd payment: Upon completion of the foundation – 20%
4th payment: Upon completion of the structural framework – 20%
5th payment: Upon completion of finishing works – 15%
6th payment: Upon handover of keys – 10%

Installment Plan:
60% during construction:
1st payment: Upon signing the sale/lease agreement – 20%
2nd payment: Upon completion of the building foundation – 15%
3rd payment: Upon completion of the concrete structure – 10%
4th payment: Upon completion of glazing, roofing, brickwork, wiring, and plumbing – 10%
5th payment: Upon handover of keys – 5%

40% after construction:
12 monthly installments over 36 months.

SWIFT transfer: Payment is made under the official sale and purchase agreement and the issued invoice.
Cash payment: Cash payment directly to the developer.
Currency exchange: You may use the services of our partners for convenient currency exchange and transfer of funds to the developer’s account.

Release date - 12/31/2027

Build start - 03/01/2024

Ownership type: Long-term lease or full ownership

Location area

Distance to the sea: 50 m

Supermarkets: «Villa market» (4.5 km), «Makro Thalang» (8 km)

Restaurants/Cafe/Bars: «Little Paris» (4.5 km), «Eden By The Lake» (4.5 km), «Suay» (9.4 km), «Catch Beach Club» (6.9 km), «Zuma Phuket» (3.9 km)

Infrastructure

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

Airport: 15.1 km

Malls: «Porto de Phuket» (4.9 km), «Robinson Lifestyle Thalang» (12.7 km), «Central Phuket» (24.2 km)

Schools: «HeadStart International School» (25.5 km), «UWC Thailand» (11.3 km), «British International School Phuket» (17.1 km)

Golf fields: 1.7 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.

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

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

How does the buying and selling transaction work when purchasing property on the secondary market

The process of purchasing property on the secondary market in Thailand includes several stages, similar to the process of acquiring property from a developer. It starts with selecting a property, verifying the ownership rights, signing the sale and purchase agreement, and ends with registering the transaction at the Land Department. An important aspect is agreeing on terms such as the payment of taxes and fees.

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.

What services from partners can we provide to our guests?

We are ready to assist you in organizing all the necessary services for a comfortable stay.
If you need to rent a car, yacht, motorbike, crib, or high chair, or if you'd like groceries to be purchased before your villa check-in, simply inform your manager. We will be happy to arrange everything before your arrival so that your vacation begins without any worries.