Suthep Homes Co. Ltd.
A Quality Company based in Chiang Mai , Thailand

In Thailand the process is quite straight forward.

Legal and Administrative formalities are kept to the minimum (so reducing costs).

Upon completion of your home, the title/ownership can be registered. It will be registered at the appropriate government office and a small tax payment will be necessary (this varies according to the type of transaction).  The whole process can be carried out very quickly.

Thai law currently doses not allow foreigners to own land (except in very special/expensive circumstances). However, oddly enough the law does not prevent foreigners from owning buildings.

There are a number of options available to a foreigner wanting to acquire a home. Many of these options carry with them risks.

It is our opinion that for many customers the safest, most secure and least costly option (Re. the different levels of government taxes regarding property ownership) is to acquire land via a Leasehold agreement:

Leasehold:

This option has become very popular recently due to a relaxation in Thai law.
A foreigner may lease the land for up to 30 years (with 2 successive renewals making 90 years).

If the land is for commercial use (e.g. an office) then each lease can be for 60 years each.

Typically the lease will allow the tenant to transfer ownership to any person during the term of the lease.

Ownership of all buildings on the land and rights of access are protected under the lease.

Further, most leasehold agreements will allow the tenant to own the land, at anytime in the future, should a change in government policy permit it.

We can plan and implement the most appropriate scheme for you.

We can also put you in contact with an English speaking Thai lawyer who is well versed in such matters.

Now is an opportune moment to invest in Chiang Mai, Thailand’s second city.

Property prices are rising but they still offer excellent value compared with Bangkok and many places in the South of Thailand.

Homes of this quality are rare in Chiang Mai and a purchaser is likely to see around a 25% increase in the value of the investment within the first year.

House prices vary considerably. At the lower end of the market one might purchase a basic single story home for around 1.5 Million THB. Many new mid-range houses will sell for around 10 Million THB. However, at the higher end of the market, due to the lack of exclusive properties for sale, prices can range anywhere from around 15 Million THB to over 50 Million THB.

It is our aim to make available quality homes in Chiang Mai, at an affordable price and one which offers excellent investment potential both in the short and the long term.

We strongly believe that we are offering a once in a lifetime chance to obtain a quality and extremely well apportioned luxury home.