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Want to sell land 1,004 rai, Mae Wang - Mae Win Road (Road No. 4016), Don Pao, Mae Wang, Chiang Mai ฿502,000,000/1004 Rai 3 Ngan 52.3 Sq.wah or 160.76 Hectare


# Want to sell land 1,004 rai or  160.76 Hectare , Mae Wang - Mae Win Road (Road No. 4016), Don Pao Subdistrict, Mae Wang District, Chiang Mai Province, Thailand

Near Ban Kad market area (large 7-11, various banks, gold shops, drugstores, ..) and tourist attractions Huai Manao Reservoir

Drive from Chiang Mai city Nimmanhaemin area to the land about 35 kilometers or about 35-45 minutes via Super Highway Line 121 and the city line, Chiang Mai, San Pa Tong.

Suitable for large projects such as Solar Farm Project, Processing plant. Kratom leaves for export. Ready to plant kratom,the Agricultural Housing Development (The landowner has designed this project.) The project, the Agricultural Tourism Garden Project, , restaurants, various businesses, water parks & amusement parks, rolling coasters, floating markets, amusement parks.    

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Mr. Paul Chuenchai    Mobile  087-300-5078
Ms. Esther Chuenchai Mobile 085-614-8205
Mr.Kanong (Deang)    Mobile 063-589-1419 
Office RealtorCM        Mobile 093-032-3738                                                                                    

By Paul&Esther Real Estate Co.,Ltd 
@ Thailand RESAM ( Thai Real Estate Sales and Marketing Association)
IEA Institutet of Estate Agents, Singapore (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)

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Metric System-Land Measurement

The Metric System was adopted in 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 USED 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. 

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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: Bluebook (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 in that will economically and socially benefit 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) years.
(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 titleholder and the lessee, that includes a legally binding extension contract for the 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.

Upfront Cost & Payment Schedules

Transfer Fee / Agent's Fee Transfer fee may also be split between a Buyer / Developer or between a Buyer / Private Seller in a Resale.  (Private negotiations.) Agent Commission - Usually 3% for Sales / For Rental, it is usually One (1) month 's commission for a One (1) year tenancy. 

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

MORE INFORMATION Welcome to "REALTORCHIANGMAI OFFICE" and feel free for our consult.

If you are interested in this property, do not hesitate to contact us to arrange a viewing or request further information.



Lot Size: 1004 Rai 3 Ngan 52.3 Sq.wah or 160.76 Hectare
Available Date:
3/16/2022
Area:
- Out of Chiangmai Area: South (District) Zone
Sale Type: For Sale
Ref #: L581004
3437 Hits
Paul Chuenchai

Phone +66 (0)87-300-5078

Paul's LinePaul's WeChat

Contact Agent
Esther Chuenchai

Phone +66 (0)85-614-8205

Esther's LineEsther's WeChat

Contact Agent
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