HYTHE by Botanica | Apartments B401 | 3 bedroom

• Fully finished
• Built-in furniture, including kitchen units and wardrobes
• Fully equipped bathrooms
• Furniture package as a gift

• 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 according to the stages of construction.

• SWIFT transfer: Payment is made under the official sales contract and the issued invoice.
• Cash payment: Cash payment to the developer.
• Exchange of funds: You can use the services of our partners for convenient exchange of rubles/currencies and transfer of funds to the developer's account.

View: to the complex, garden.

Ownership type: long term lease

Building square: 123.98 м²

Floors: 6

Location area

Distance to the sea: 4 km

Spa/Resorts: «Banyan Tree Spa » (5.3 km), «Amla Layan Spa» (950 m), «Anantara Layan Phuket Resort» (4.2 km)

Supermarkets: «Villa Market» (4.5 km), «Tops Daily Porto de Phuket» (4.4 km)

Restaurants/Cafe/Bars: «Project Artisan» (400 m), «Take and Wake» (900 m), «Kindee» (2.4 km), «Zuma Phuket» (4.2 km), «Miss Olive Oyl at SAii Laguna Phuket» (5.1 km)

Infrastructure

• Security
• Swimming pool(several common swimming pools)
• Walking zones
• Parking
• Gym

Airport: 16.6 km

Malls: «Porto de Phuket» (4.6 km), «Robinson Lifestyle Thalang» (9.5 km), «Central Phuket» (21 km)

Schools: «HeadStart International School» (6.3 km), «UWC» (8.1 km), «British International School» (14 km)

Golf fields: 2 km

Tennis courts: 3.8 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 fees are involved in purchasing property in Thailand?

The cost of processing a real estate transaction in Thailand includes the following fees:

• Registration fee – 2% of the appraised value of the property;
• Stamp duty – 0.5% of the appraised value or the contract price, whichever is higher;
• Withholding tax – 1% of the appraised value or the contract price, whichever is higher.

When registering property for long-term lease (leasehold), the following fees must be paid:

• Registration fee – 1% of the appraised value of the property;
• Stamp duty – 0.1% of the appraised value or the contract price, whichever is higher.

All of these fees are one-time payments.

What are the advantages of buying property in Phuket?

Gardens of Eden is a unique, truly luxurious oasis for relaxation, healthy living, and beauty. Gardens of Eden stretch across a coastal area. Residential properties here harmoniously coexist with untouched nature, with 70% of the scenic area devoted to parks, gardens, and lakes.