Choeng Thale, Thalang, Phuket
PRAIA - Your Tranquil Retreat Near Bangtao Beach
Situated in the Thalang District of Phuket, Praia Residence features three uniquely designed pool-villa units. Two of the units are conveniently located on Pasak Soi 8/7, with another on Pasak Soi 8/3, providing diverse options for discerning buyers.
All units are in close proximity to the increasingly popular Bangtao Beach. This area is experiencing rapid growth in economic development and tourism, particularly appealing to those looking to visit, retire, or reside permanently in Phuket. With top-tier international schools and a state-of-the-art hospital under construction, the neighborhood is quickly becoming a hotspot for international residents.
The construction of each villa has been meticulously overseen by the project owner. There is a stringent focus on quality control, from the building materials used to the finishing touches, ensuring the highest standard of construction.
The building (the bricks and mortar) can be owned by a non-Thai national outright in their name in what is called the house registry, which secures ownership indefinitely of the structure.
In Thailand, non-Thai nationals cannot own land outright in their name. Land can be controlled through either a Thai Company or a long-term registered lease. The longest registered lease term by Thai law is 30 years, and most developers will offer 3 terms for a total of 90 years.
A 30-year lease period is legally protected under Thai law and ownership cannot be disrupted. It is common for developers to offer an additional two terms of 30 contractually obligating a total of 90 years.
Prior to purchasing a leasehold property, it is important to secure a copy of the lease agreement or get further clarity on these three points:
After you have found the right property at PRAIA Residence Phuket you have to follow these steps:
Finished Villa Payment Terms Installment Milestone Payment Reservation Deposit Immediately 2% 1st Installment Sales & Purchase Agreement signed within 30 days following reservation 48% 3rd Installment On handover 50%
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