Complimentary freehold

When considering real estate investments in Thailand, foreign investors typically face two main options for ownership: freehold and leasehold. This article will discuss the features and considerations of each type.

Leasehold

A lease is a long-term agreement that is registered with government agencies. The typical lease term is 30 years and is fully guaranteed by the state. The developer (the owner of the land) also provides the opportunity to extend the lease for two additional 30-year periods.

The owner of the property retains the right to conduct various transactions with it, such as selling, pledging, or leasing it. These actions must be agreed upon with the leaseholder, which creates some limitations. However, many investors find advantages in the lower initial investment and high liquidity of these facilities.

Freehold

A freehold is a type of property ownership that gives the owner unrestricted rights to use, sell, and transfer the property. This type of ownership is preferred by foreign investors as it provides more flexibility in managing assets.

It is important to note that most developers charge an additional fee per square meter for freehold properties. For example, in the Layan Verde project, this fee is 10,000 Baht per square meter.

Regarding taxes on real estate registration, they typically do not exceed 6.3% of the property's value. In the primary market, developers may offer partial coverage of this amount.

A freehold as a gift

When buying apartments in Layan Verde through our website, we will cover all the costs associated with registering ownership: 6.3% of the total cost. This includes the fees for registering ownership.

The choice between freehold and leasehold will depend on your goals and financial situation. Our manager will be happy to help you calculate the costs of the apartments based on your specific needs. Contact us for a personalized offer!