Isaan Realty - Villa Non Sila - Quality Housing Developments in Isaan Thailand

1. 24 h security.... is it gated community? Yes, it will be gated, although there's no need. Major Crime in this area is virtually unheard of but of course everybody has to be careful of petty crime. We will "gate" it because that is expected of Western buyers.

2. What are the amenities?
* (See bottom column)

Dining Area and Living Room

Kitchen Units

Storage Room

Water Storage Tanks

Electricity Generators (if required)

Terrace Area

Air Conditioning in all rooms

Floor Areas all Tiled

Integral Alarm Units

Landscaped Gardens

Dedicated Parking Space (Could add garage approx. $3,000, otherwise dedicated parking)

Use of Communal Pool (Largest Homes have a private pool - this can be extended in size and also other sites could have a private pool by buying a larger plot. The extra cost for an additional pool is approx. $6,000, otherwise residents would use thecommunity pool)

*Special building requests can be taken at this point. If the resident wanted something in particular we would try to accommodate.

3. Any Home Owners Associations like in the United States? Probably. However, since this is a new community, and until we fill it, we as the developers, will probably oversee the home owners association. Until such time as there are ample residents to whom we can turn it over to.

4. Does the house have a Garage? No Garage, But we could accommodate a garage for around $3,000 more and a double Garage for around $5,000. At this initial stage we are open, as we have flexibility in the project at this early stage, 37 homes have been designed but we could downsize to around 30 houses in the project if buyers want larger plots.

5. What kind of ownership can a foreigner get? Free hold through a Thai Company or a 33 year renewable lease. Basically it's a 99 year lease renewable every 33 years. It can be transfered to the owners family or beneficiary upon death. It can actually be renewed indefinitely.

6. Will it be a warranty deed like in the states where land and home are bought outright Yes & No, the home will be bought outright. You never really own the land in Thailand, it is "free Held"(see above). However, the "free hold" will be in the companies name or the owners name for the 99 year renewable lease. Then can be left and renewed by the owners beneficiary or family. Basically, it can be renewed indefinitely.

If the client insist he or she must absolutely own the land, there is a way:
1. A foreigner can own a Thai Company and that Thai Company can own land and property. The legal position is on the face of it slightly complex because a foreigner cannot own more than 49% of the company and the other 51% of the shares have to be held by Thai Nationals. A lawyer is needed to ensure that the 51% shares are dispersed to a number of Thai nationals (used simply for this purpose) and that contractual matters are put in place to ensure that the foreigners 49% is in reality over 51% and therefore title to the land is secure as you will have a majority position in your company.

Their are costs involved in setting up a company and these will be met from your completion fees. Ongoing costs are around $500 a year to maintain the company. If you choose to make it a proper trading company and set up a business in Thailand you will be able to obtain a work visa, depending on the level of investment you make into the company.
We can set a company up for any client. It's actually a simple procedure.