Laguna Lakelands | Lakeview Residences | 7 floors Building | Apartments | 2 bedrooms

Turnkey finish

Built-in furniture, including kitchen units and wardrobes

Fully equipped bathrooms

Payment Schedule:

1st payment: upon contract signing — 20%
2nd payment: upon 25% completion of construction — 20%
3rd payment: upon 50% completion of construction — 20%
4th payment: upon 75% completion of construction — 20%
5th payment: upon full completion of construction — 20%

Additionally:
An installment plan is available for 50% of the apartment value 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.

Payment Terms
-A 50% deposit must be paid within three business days after the official invoice is issued.
-The remaining balance must be paid no later than 45 days before the check-in date.

Release date - 03/31/2027

Build start - 12/01/2024

View: Lake

Ownership type: Long-term lease or full ownership

Floors: 7

Location area

Distance to the sea: 5 km

Spa/Resorts: «Anantara Layan Phuket Resort» (6.1 km), «Amla Layan Spa» (1.4 km)

Supermarkets: «Villa Market - Boat Avenue» (4.8 km), «Tops Daily Porto de Phuket» (4.8 km), «Makro Thalang» (5.2 km)

Restaurants/Cafe/Bars: «Project Artisan» (2 km)

Infrastructure

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

Airport: 14 km

Malls: «Porto de Phuket» (4.9 km), «Robinson Lifestyle Thalang» (9.9 km), «Central Phuket» (22 km)

Schools: «HeadStart International School» (6.7 km), «UWC Thailand» (9.6 km), «Headstart International School » (15 km)

Golf fields: 7 km

Tennis courts: 4.7 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.

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.

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 factors influence the price of real estate in Phuket?

Distance from the beach, view from the window, class of the property itself and amenities that come “included”

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.