Traditional Thai-Lanna Style resort by the Ping river FOR SALE in Chiangmai, Thailand Call for price

Traditional Thai-Lanna Style resort by the Ping river FOR SALE in Chiangmai, Thailand

The Ping River boutique Resort FOR SALE is ideally situated on the Ping River, the main river that runs through the city, in one of the beautiful locations in Chiang Mai. The Chiang Mai Night Bazaar, Chiang Mai International Airport, Saturday and Sunday Walking Street Markets and Central Airport Plaza shopping centre are all within easy reach.

The design of the 10 luxuriously appointed guest rooms was inspired by Lanna Style and Asian architecture, making the boutique resort ideally suited for a romantic getaway or honeymoon; it is  convenient location and beautiful, cosy and elegant atmosphere will however equally appeal to business people. Relax and take in the stunning views of Ping River and near Baan Tawai , the BEST village of handicraft in Thailand

Just 15 minutes drive from the city, located on the land of 1  rai (1,600 sq.m; By paper of title deen 237.5 Sq.wa) The property comprises of ::

10 penthouse ( 2 bedrooms, 2 bathrooms, 1 kitchen and living), 1 Restaurant, 1 Living guest room, 1 Sala, jacuzzi and the swimming pool,  furnished, fully air conditions  with equipment and kitchen for the resort.

The property with chanote, ready to takeover and restart the business again.

Option: Realtor Chiangmai can consult to you by professional agents & lawyer team 

The Nice Place For Enjoy your life inside Chiang Mai Map Zone 51: San Pak Waan, Hang Dong
@ Lanna International school
@ Kad Farang Shopping Plaza
@ Rim Ping Supermarket, Kad Farang branch
@ Premium Outlet Hang Dong, ChiangMai, Thailand
@ North Hill Chiang Mai Golf Club
@ Ban Tawai
@ Jungle de’ café Baan Tawai

Please let me know if We can do more to support this, feel free to tell us or welcome to our office inside Promenada Shopping Mall  'Realtorchiangmaioffice'  Building A ( Ground floor LG30 & Garden Zone  between Building A to Building B) 

By Paul&Esther Real Estate Co.,Ltd 
@ International Realtors Association (USA) REALTORS
@ IEA InstituteI of Estate Agents, Singapore Mr.Paul (MR.Bhumarin Chuenchai) / M’ship No: L00035 Certified Course in Marketing of Foreign Properties  (CCMFP; Thailand, Singapore, Malaysia, Indonesia, Philippine, Japan, China, Australia, New Zealand, India and United Kingdom)
@ Thailand RESAM ( Thai Real Estate Sales and Marketing Association)

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Metric System - Land Measurement

The Metric System was adopted 1923 BUT old Thai units of measurements are still commonly used "Talang", "Wah" and "Rai" are most commonly used.Talang means square. 1 Talang equals 1 square meter. Converting units of measurements like "Rai" and "Wah" can be quite complex may create legal issues.  Caution-know what you are buying based on Thai units of measurements.

THE MEASUREMENTS USING FOR LAND IN THAILAND
In Thailand, Land is measured in Rai, Ngan and Sq.Wah.
1 Rai = 4 Ngan or 1600 Sq.m.
1 Ngan = 100 Sq.Wah  or 400 Sq.m. or 4,304 Sq.ft.
1 Sq.Wah = 4 Sq.m. or 40 Sq.ft
1 Acre = 2.53 Rai  or 43,535 Sq.ft
1 Hectare = 6.25 Rai 
Land prices are usually expressed in Baht per Rai or Baht per Sq.Wah. 

Tenures (Title Deeds) : Chanote Or Nor Sor 4 Jor is most credible.Highest land Title - grants full rights over the property.Properties surveyed in accordance to national survey grid and properly marked.

House Book (Tabien Bahn)
A Ta.Bian.Baan or Tabien Bahn (house book), issued by the Thai government via their local municipality. It links a person having their domicile to an address and is Not proof of Ownership of Properties.
Two (2) types of Tabien Bahn: Blue book (Thor.Ror.14) for Thais; Yellow book (Thor.Ror.13) for Foreigners.

Foreign Ownership of Real Estate
Thailand Land Code, Sect 95, Foreign investors bringing in or investing THB 40 million (USD1 million) into Thailand can acquire land with a freehold title (not coastal property) for personal use, not exceeding *1 Rai (1,600 sq.m.) to be approved by the Minister.
Condition:
(1) Type of business which foreigners invest that will economically and socially benefits the country or which is declared by the Board of Investment as eligible for the application of the investment promotion under the law thereon.
(2) The period of maintaining the investment shall not be less than three (3) yeas.
(3) The land that the foreigners may acquire shall be within the locality of Bangkok Metropolitan Administration, the City of Pattaya, Municipality, or the zone designated to be the residential area under the law on city planning.

Freehold Ownership
If you are buying a Freehold title property, you will need to form a Company. You can be a Director of the company that holds the title to the property with complete control. When a foreign national has invested (USD$1 million) in stocks, securities, or companies, and has Board of Investment (BOI) approval, the BOI may recommend that the foreign national be permitted to hold a freehold title not exceeding an area of 1,600 sq.m.

Leasehold Ownership
Buying a Leasehold property means that you are getting a 30 Years Lease but in practice, Leaseholds can be obtained for a 60 year period using the “30+30” mechanism, whereby a 30-years lease is agreed between the freehold title holder and the lessee, that includes a legally binding extension contract for further 30-year period.
Except under special circumstances, foreigners or foreign juristic entities may not own land and are limited to ownership of 49% of condominium units as defined by the Condominium Act of 1999.

Other Types of Properties (less popular)
Any Lease or Tenancy exceeding 3 years must be in writing and recorded on the land ownership title deed. 
Any lease or tenancy longer than *3years must be registered with the Provincial Land Department, otherwise it cannot have any legal Effect.

Leasehold Period & Extension
Though Leasehold Tenure is generally 30+30, there are also Leasehold Tenure of 75 and 103 years.
For Example:
Mahanakorn Ritz Carlton initially sold their units with 103 years’ Leasehold. A year later, the Developer purchases the Freehold land. They the Developer decided to sell the units as freehold land. Buyers who had previously bought units under have them converted to Freehold by topping up a certain percentage of money.

Transfer of Property (from Developer)
For Developers’ Purchases for uncompleted projects, transfer takes place only upon completion of development.
Developers’ Properties that are already completed, transfer can take place once payments are settled.
Should there be remaining balance of the purchases price, it can be paid on the day of transfer at the Land Office.
For Resale properties, transfers can be effected at the Land Department, once both Buyers & Sellers had agreed to the terms and payments.

Transfer of Property
Taxes And Transfer Fees
Generally, Buyer pays for the Transfer fee and Seller pays for the Stamp Duty and Taxes.
Both Buyer and Seller may negotiate privately how the transfer fees. Stamp duty and taxes are to be settled and paid at the Land Office.
Both Buyer and Seller may also agree that the transfer fees, stamp duty and taxes be added on to the Purchase price.

Property Purchase Processes
Under Construction Projects
5% Booking Fee.
25% Sales & Purchase Agreement or Sales Contract – (21 days)
70% Project Completed & Transfer (18-24 months)
Completed Projects
5% Booking Fee.
25% Sales & Purchase Agreement or Sales Contract – (21 days)
70% Transfer once full payment is made.

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How to inspect land through Paul&Esther Real Estate?
1. Due diligence on the property.
1.1 Check the property title, tenure, location, features and amenities.
1.2 Ascertain the details and specifications of the property, and get a better knowledge and understanding of the property and its surroundings by visiting the site.
1.3 If engaging third parties to do due diligence, ensure that the third parties are qualified to perform due diligence.
2. Due diligence on claims
The Conduct due diligence checks on claims related to the property

"WE HOPE YOU WILL FIND THE GOOD SERVICE FOR US AND HAPPY TO JOY WITH US"