I’m sure you have been reading the newspapers and various Property publications and are probably somewhat confused as to what is going on in Thailand in regards to the current changes in the laws regarding Property Ownership and Company Formation. I will not try to explain anything here for this situation is changing minute by minute and there are no definite answers to anyone’s questions as of this time.
Regarding Freehold and Leasehold
Let me say that Freehold is still available in some cases, but most of the Builder/Developers on the island have re-structured their properties so that they can be also be offered Leasehold. I see a trend towards more Condos being offered as it is still the easiest way to acquire property in Thailand.
The bottom line is this.
Don’t believe everything you hear or read on websites or even in the Real Estate publications.
Nobody has all the answers at this time.
Go slowly and ask questions. It is still a good idea to put your faith in a qualified Realtor, as it is our business to try and keep up to date and in the “loop” as to what is happening.
Real Estate in Phuket is still a good investment, but the key element is obtaining good information from a qualified source.
Feel free to email me with any questions you have. I will do my best to get the most up to date answers for you and therefore help you make the right decisions.
Take care,
Jimmy
The units of land measurement in Thailand are the Wah, Ngan, and Rai.
Conversion factors between Thai measurements and Metric measurements are:
1 Wah
= 2 meters
1 square Wah
= 4 square meters
100 square Wah
= 400 square meters
= 1 Ngan
100 square meters
= 1076.391 square feet
4 Ngan
= 1 Rai
= 1,600 square meters
Conversion factors between Thai measurements, meters and acres are:
= 2.5 Rai
= 10 Ngan
= 1,000 Talang Wah
= 4,000 Square Metres
= 43,560 Square Feet
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