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Chaikhao Mountain Home - purchasing your home

Under current Thai Law, foreigners are not allowed to buy land in their names. Therefore, foreign buyers can purchase land in the name of a Thai or a Thai entity ( company ). However, a foreign national may own buildings or property developed on land leased by him or his company. Therefore, you can own your own house.

According to section 97 of the Thai Land Law, the definition of a foreigner includes a Thai registered company or partnership in which more than 49% of the capital is owned by foreigners or of which more than half the shareholders or partners are foreign citizens.

One method foreigners can employ to acquire land or property is by forming joint venture companies with majority Thai ownership but with adequate safeguards to protect the foreigners' minority interest. If a foreigner plans to run a business in Thailand then he may purchase the freehold of the land through his Thai majority limited company. The land will be owned by the Thai Company, not by the individual.

Purchasing property with a limited liability company is the most popular method for foreign investors as the Articles of Association can be varied to allow greater protection for foreign minority shareholders. The regulations vary throughout Thailand , but the Land Office generally requires that Thai nationals own a majority interest in a company if they wish to purchase land legally.

Establishing a Thai Company is relatively straightforward, inexpensive to operate and can be handled by many reputable legal or accounting firms based in Hua Hin and Bangkok .

Allows foreigner buyers to purchase a land and build a house. Since the foreign national will be the sole Director of the company, and has control over the 100% shares, it is safe to purchase a land and build a house in Thailand .

This information has been prepared as a guideline only and whilst every effort has been made to provide accurate information, neither the Developer nor the Management accepts responsibility for the accuracy of this information.

If you're looking for a house or condominium in Cha-am, Hua Hin and Pranburi area don't have second thoughts. You are making the right decision to start with. It stands on certain reasoning like the King stays here most of the time, so there is hardly any crime, no gangs or drug pushers exist. The price of the land has increased every year for the past five years. This is not a 24 hrs city like Bangkok and Pattaya. Its late night activities are restricted to one soi and is far off from residential districts. No traffic snarls and people are very humble as compared to city dwellers.

The city is well planned with good infrastructure like roads, water and severage in place. All districts of Prachaub Khirikhan are relatively clean and picturesque.

If you're buying newly constructed condominium closer to the beach, it can go maximum four storeys but higher storeys are available as you go further away from the beach.

The other big step is the precautions to be taken while you indulge in buying a property or land. The law states foreigners can't buy hours or land in the first place. So if you have a trust-worthy Thai partner or companion, do it through his or her name, plain and simple. But when you don't have anybody, then where to go? You from a company which has seven or more than seven shareholders and foreigners own 49% or less than 49%, balance 51% your estate company should arrange. This you're doing by registering a company, lawyer involvement is a must. In a company the number of Thai shareholders always have to be one higher than foreign shareholders. The registration fee is about Baht 30,000. You should have power of attorney and to sign on all the documents.

Once the paper work is completed, now you have to transfer the fund. Please ensure the money is paid into the account of realestate company and not into any individual's and you must have the receipt. In this case work with a real estate agent which has been in existence for number of years and have a good track record. Once you have seen the constructed house, you need to make sure water, severage and electricity are in place. Buy a house which is facing south or east so that afternoons are cool in summers.

If you're buying a constructed house, you're not paying to pay 5.5% to the government. There is minimal land tax in Thailand. If you're buying a newly constructed house, there is house registration fee of 2% charged by real estate developer, or you can hire a lawyer to do it. You should find time to see as the construction is going on. In the contract it should specify after the foundation is laid certain percentage, once walls are done certain percentage of money to be repatriated. See fitting are of good standard and if you want any alterations, you still have time to do it.

There is another option where a foreigner can lease the property for thirty years and this can be re-newed till 90 years. There is a treaty of Amnity signed between Thailand and USA, where US citizens can own a company or buy 1 rai of land in their name and vice versa.

When you're buying a condo the regulations are different.

Suppose the total area (constructed and not constructed) is 100,000 sq meters, a foreigner can buy only 49% of the total area.

Is a public road to be constructed leading to the condominium and to check status of 49% shareholding, only a real estate company can check , as all papers are in Thai and he has to go to the land department.

The owner of the condo has to pay extra monthly for maintenance of common area, swimming pool and security guards etc.

Being on the west coast of the Gulf of Thailand and south of Bangkok, Hua Hin is considered the seaside resort towns of Thailand. Hua Hin is in Prachaup Khiri Khan province. Daily coach services between Bangkok and Hua Hin are available from Bangkok Southern Bus Terminal. A private minibus running between Victory Monument in Bangkok and Hua Hin town is also available every 15 minutes from 6:00 am. To 6:00 pm. By rail, daily trains leave Bangkok for Hua Hin. If you prefer, taxi service is a more direct and comfortable transportation to the areas from the Bangkok airport. Fancy more luxurious transportation? There are 12-people airjet running 4 times daily from Bangkok Airport to Hua Hin Airport. The journey takes about 45 minutes and features spectacular scenery around the Gulf of Thailand.

Hua Hin is in fact the oldest beach resort of the Kingdom and is still as popular as ever. The Thai royal family still customarily spend the hottest months of the year, generally March through April, there, and It is also the place where the present King of Thailand now reside full time. It means that there is hardly any crim, no gangs or drug pushers exist. It is not a sleepless city like Bangkok and Pattaya. Its late night activities are restricted to one soi (street) and is far form residential districts. Many prominent Bangkok families maintain beachside villas in the area. The above factors have contributed to Hua Hin's fast growing development and good living conditions including safty and cleaniless. With its 7 professional golf courses and well-established golf packages, Hua Hin has become one of the most popular destination in Thailand for the golfers of Hong Kong, Korea,Japan and Europe. For holiday markers, it is a location often preferred to Phuket, Pattaya, or Kho Pi Phi, etc. Hua Hin not only attracts many golfers and holiday makers each year, but also thousands of homebuyers from Bangkok and overseas having second and retirement homes built there.

Chaikhao Mountain Home Hua Hin
Chaikhao Mountain Home Hua Hin - housing development project
Chaikhao Mountain Home - houses style
Chaikhao Mountain Home - show house pictures
Chaikhao Mountain Home - project's facilities
Chaikhao Mountain Home - project's location
Chaikhao Mountain Home - how to buy
Chaikhao Mountain Home - contact & enquiries
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