Land for sale, 27.5 rai, next to Super Highway Chiang Mai - Lamphun, for developing into Factory ฿233,750,000/27 Rai 2 Ngan 34 Sq.wah

# Land for sale, 27 rai and a half, next to Super Highway Chiang Mai - Lamphun (No.11), purple layout, next to Lamphun Industrial Estate. Suitable for developing into Factory or Big Warehouse.

# Suitable for developing into a new industrial project in Lamphun.  

Price: 8.5 million baht / rai (half transfer fee)

Very beautiful transformation It is a rectangular shape with a width of approximately 216 meters.
Area 27 rai 2 ngan 34 square wah, next to Super Highway Chiang Mai - Lamphun - Lampang (No. 11), purple plan (for building an industrial factory various types) area for large industries Adjacent to Lamphun Industrial Estate, suitable for building chip electronics factories, electric car assembly plants or entrepreneur shops to build large warehouses.
Travel from Chiang Mai downtown or Chiang Mai Airport (calculated by Google from the land) only 22 minutes.

More information,  feel free to contact us or welcome to our  office @ Infinite height Chiangmai   Number 111/7 ( Behind TRUE MOVE OFFICE)   or call to us                                                                                          

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

By Paul&Esther Real Estate Co., Ltd 
@ International Realtors Association (USA) REALTORS
@ IEA Institutet 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 the United Kingdom)
@ Thailand RESAM ( Thai Real Estate Sales and Marketing Association)

MORE INFORMATION Welcome to    Paul & Esther Real Estate Office and feel free for our consult.

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Metric System-Land Measurement

The Metric System was adopted in 1923 BUT old Thai units of measurement 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 were surveyed in accordance with the national survey grid and properly marked.

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 upon between the freehold titleholder and the lessee, which includes a legally binding extension contract for a 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.

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. 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.

Condition:

(1) Type of business in 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 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.

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 to our consult.