Contact - Real Estate in Thailand
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Luk Chok Development Co., Ltd.
Before you write
Yes. Villas and land — on a leasehold basis (a long-term lease). Condominium units — either leasehold or freehold, within the 49% foreign-ownership quota of a condominium building.
Thai law reserves land ownership (freehold) for Thai citizens. This is a national principle that applies to all foreigners. For us, however, this is not an obstacle, but merely a starting point – which is why a leasehold system is utilized, granting full rights to the use of the property.
Yes. Leasing (leasehold) is a legal, proven, and very popular form of property acquisition for foreigners in Thailand. The leasehold right is registered with the government office and entered into the land registry, ensuring it is formally secured rather than based solely on trust or verbal agreements.
30 years are guaranteed by law, with renewal clauses extending it realistically to around 90 (a 30+30+30 scheme). Keep in mind, though, that the 30 years are guaranteed only once the agreement is registered with the land office.
Reservation plus 4-5 installments linked to key construction stages: contract signing, foundations, structural completion, roofing, and final finishing. You pay for actual progress, not upfront. Detailed amounts may vary slightly depending on the specific project and developer.
Realistically 12-18 months. Good contracts include penalties for delays on the developer's part and a firm completion date.