buy, sale or investment for property in phuket and samui with commercial real estate services » FAQ

Who we are

kris — Fri, 10 Jul 2009 01:11:31 +0000

We provide services for property consultancy and property due diligence. Our company serves customers with years of experience to produce the most attractive and detailed presentation of over than 1800 properties available in Phuket, Thailand, We help our customers to view and make a better optimized decision before and during their purchase of property.

We specialize in all property sectors to ensure every aspect of our client’s property concerns. We are also very reputable in property advices with our experienced legal team who are qualified attorneys and specialize in Thai Property Laws. Collectively, we can offer the best property advice which is applicable in every aspect of purchasing Property and related to Financial, Legal or Property Due Diligence.

Our official legal consultant service: Phuket International Law Firm

Our official bank: Bank of Ayudhya

JCI accredited international hospital in Phuket: Bangkok Hospital Phuket

What’s the land measurement in Thailand?

bodin — Sat, 06 Jun 2009 10:15:34 +0000

Thailand has a very unique way of measuring land, Rai, Ngan and Wah or Talang Wah or Square Wah. The chart below will assist you in converting the measurements.

1 Wah	= 2 meters
1 square Wah	= 4 square meters
100 square Wah	= 400 square meters = 1 Ngan
100 square meters	= 1076.391 square feet
4 Ngan	= 1 Rai = 1,600 square meters

Conversion factors between Thai measurements, meters and acres are:

1 Acre	= 2.529285 Rai (approximately) = 10 Ngan = 1,000 Talang Wah = 4,046.8561 Square Meters = 42,772 Square Feet = 4840 Square Yards
1 hectare	= 10,000 square meters = 2.471 acres = 6.25 Rai (approximately)
1 Ngan	= 100 Talang Wah = 400 Square Meters = 4,277 Square Feet
1 Rai	= 4 Ngan = 400 Talang Wah = 1,600 Square Meters = 17,109 Square Feet
1 Acre	= 2.5 Rai = 10 Ngan = 1,000 Talang Wah = 4,000 Square Meters = 42,772 Square Feet

Metric measures are usually used in the construction and measurement of buildings

Land prices are usually expressed in Baht per Rai or Baht per Wah (for smaller plots).

Can I Own a Condominium in Phuket?

kris — Sat, 06 Jun 2009 10:09:41 +0000

Buying a condominium, is perhaps the simplest and easiest option available to foreigners. The only restrictions on purchasing a condominium, are that the percentage of units sold to foreigners cannot exceed forty nine percent (49% - although this has varied at times) of the total number of units in the condominium block; and that the funds used to buy the condominium have been remitted from abroad and correctly recorded as such by a Thai Bank on a Tor Tor Sam. Purchases of condominiums by foreign individuals come under the jurisdiction of the CONDOMINIUM ACT (No. 3) B.E. 2542 (1999).

The owner of each condominium is issued with a certificate of unit ownership. The certificate also has a statement saying exactly what percentage of rights over the common areas of the building each owner has.

Do They Have Title Deeds in Phuket?

bodin — Sat, 06 Jun 2009 10:07:12 +0000

There are broadly four types of Land Title in Thailand that are used as common evidence of land ownership, possessory rights an other interests in land:

Chanote (Title Deed)
A Chanote is a certificate for ownership of land. A person having their name shown on the deed has the legal right to the land, and can use it as evidence to confirm the right to government authorities.

The title deed has been issued by using GPS to set the area and boundaries of the land, which is a very accurate method. It is the long term goal of the Land Department that all land in Thailand will be covered under the Chanote title system. This is the most secure type of land title and is highly recommended.

Nor Sor Sam Kor (Confirmed Cerificate of Use)
This certifies that the person named on the certificate has the confirmed right to use the land, implying all requirements for the issuance of the title deed have been met and issuance of the deed is pending. They may be sold, leased, used as mortgage collateral and etc. The holder of this certificate cannot leave the land unattended for more than 12 years.

The Chanote and Nor Sor Sam Kor are the only titles over which registerable right of ownership or lease can exist and are as such the only ones that a prudent foreigner should consider.

Nor Sor Sam (Cerificate of Use)
Similar to the above Confirmed Certificate of Use except that not all of the formalities to certify the right to use have been performed. Before a transfer can be made, a notice of intent must be posted and then 30 days public notice is necessary before any change of status over the land can be registered.

Sor Kor Nung (Certificate of Possession)
This recognises that a person is in possession of land but the Certificate does not imply that there are any rights associated with the possession. It is not transferable, but a person in possession may transfer physical possession and the new possessor may apply for a new Certificate of Possession.

Ask to see a copy of the front and back of the land or condo title deed. A faithful translation of this will show you who the current owner is; if the property has any endorsements or liens; the shape, area and orientation of the property and border to a public property (such as a road, stream or the ocean).