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The Onyx, Kokyang Estate is a modern 2 bedrooms villa with a private swimming pool and garden. This was designed to offer modern comfort and well designed finishing together with maximum possibility use of living space. Comprising a large open plan-kitchen, dining and living room. All residents enjoy free use of a covered car parking area located away from residential units, while guard house provides 24-hour security at the estate’s only entry gate. Located near Naiharn and Rawai Beaches in southern of Phuket with a variety of restaurants, shops and markets nearby. This unique villa is making it ideals as a holiday home or excellent investment opportunity.
Foreign nationals can own the building (villa) in their own name but not the land that it stands on.
Foreign nationals cannot own land in Thailand. The options in which a foreigner can control the land are via a 30-year lease or by purchasing the land through a Thai company.
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.
After you have found the right property at Villa Onyx Kokyang Estate Phase 2 you have to follow these steps:
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.
Thailand has different visas like Spousal Visa, Retirement Visa, Student Visa and Elite Visa - just to name a few options. Each visa has different requirements but they are usually easy to obtain.
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