Legal
What is the title and status of the land?
The land is titled under Thai law as Nor Sor Saam Kor and is owned by Tactical Capital Co., Limited, a Thai registered company.
Can I own freehold rights?
Land: Foreign nationals cannot own freehold land under current Thai law. This situation may be subject to change or amendment in the future, but this is unlikely in the short term. Land, however, can be leased to foreigners for terms of up to 30 years - the longest permissible period under Thai law. Leases for The Estate sites include two prepaid extensions of 30 years each, for a total of 90 years. The initial lease is registered with the Lands Department and noted on the land title deeds. Thus you are fully protected under Thai law.
Villa: A foreign national may own buildings or property developed on land leased by him. Therefore you can own your own home. Freehold is available to Thai nationals and Thai juristic persons.
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© 2003 The Estate Phuket All Rights Reserved.