BUYER'S GUIDE

Welcome to Star Plus Property’s Buyer’s Guide for Phuket, where we provide you with everything you need to know about purchasing a property in this stunning island paradise. As the leading real estate agency in Phuket, we have years of experience and a deep understanding of the local property market.

In this guide, we will cover the different types of properties available in Phuket, the various property laws for foreigners in Thailand, and why you can trust Kate Prakesong, our lead agent.

Phuket offers a wide range of properties to suit different lifestyles and budgets. From luxury villas with panoramic sea views to cozy apartments in the heart of the city, there’s something for everyone.

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VILLAS & HOMES

When it comes to buying a villa in Phuket, both gated developments and stand-alone villas have their advantages and disadvantages. Gated developments offer security and shared amenities, but they can also be more expensive and have less privacy. Stand-alone villas offer complete privacy and control, but they can also be more expensive to maintain.

Gated developments are residential areas that have a security gate and often have a perimeter fence around the entire development. These types of villas usually offer more amenities than stand-alone villas, such as communal swimming pools, gyms, and gardens. They also have a management team in place to take care of maintenance, landscaping, and security. Gated developments are perfect for those who want to live in a secure community and have access to shared facilities.

On the other hand, stand-alone villas are individual homes that are not part of a larger residential community. They are usually larger and offer more privacy than gated developments. Stand-alone villas often have their own private swimming pool, garden, and parking area. These types of villas are perfect for those who value privacy and want to have complete control over their property.

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CONDOS & APARTMENTS

In Phuket, condos and apartments are becoming increasingly popular among foreign buyers due to their affordability and convenience. These types of properties offer a wide range of amenities, such as swimming pools, fitness centers, and 24-hour security, making them a great option for those looking for a low-maintenance lifestyle.

Many condo owners in Phuket rent out their units when they are not using them, generating a steady stream of passive income. With Phuket being a popular tourist destination, there is always demand for short-term rental properties, making it a potentially lucrative investment.

Moreover, owning a condo in Phuket is generally more affordable than owning a stand-alone villa or house. Condos offer a more cost-effective option for those who want to own a property in a desirable location but have a limited budget.

At Star Plus Property, we have a wide range of condos for sale in all of these popular areas and more. Our lead agent Kate Prakesong can help you find the perfect condo that meets your specific needs and budget.

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OWNERSHIP LAWS

At Star Plus Property, we can help you navigate the legal complexities of property ownership in Thailand. Contact us today to learn more about our services.

Thailand is a beautiful country that attracts a large number of foreign investors looking to purchase property, whether for personal use or investment purposes. However, foreign ownership of property in Thailand is subject to certain restrictions and regulations.

Foreigners can own buildings in Thailand, but not land. This means that foreigners can purchase a condominium unit, but not a house or a piece of land. However, foreign individuals or companies may obtain a 30-year lease on land with the option to renew for an additional two 30-year periods, giving them up to 90 years of ownership.

However, Thai law allows a foreigner to legally own a house or land in Thailand by setting up a Thai company and purchasing the property in the company’s name. This is a popular method for foreign investors looking to own property in Thailand.

Foreign Ownership Laws in Thailand:

Foreigners can own buildings in Thailand, but not land.
Foreign individuals or companies may obtain a 30-year lease on land with the option to renew for an additional two 30-year periods.
Foreigners can purchase a condominium unit, but not a house or a piece of land.
Foreign buyers must ensure that the building in which they are interested has not exceeded the 49% foreign ownership limit.
Foreign investors must provide proof of funds from abroad and obtain a residence permit or a non-immigrant visa to legally purchase property in Thailand.
Owning property in Thailand does not automatically grant foreigners the right to work or conduct business in the country.
It’s important for foreign investors to work with a reputable real estate agent or lawyer to ensure a legal and transparent purchase process.

Using a Thai Company to Purchase Property:

Foreign investors can set up a Thai company and purchase property in the company’s name to indirectly own the property.
The company must comply with Thai laws and regulations, including taxation laws.
Using a company to purchase property may involve additional costs and administrative burdens.
It’s important to consult with a trusted real estate agent or lawyer to determine the most appropriate method of property ownership.