Rare plot of land for sale with Lanna-style building. Large prime location land Near Kad Farang ฿650,000,000/32-02-89 Rai

Rare plot of land for sale with Lanna-style building. Large prime location land Near Kad Farang

This plot of land has a total area is “32 rai 2 ngan 89 square wa” and comes with buildings and houses. It also comes with a palm grove and various trees that can bear fruit and be used. This plot of land is now “Baan Changcome” an antiques shop that in the past was a one-room shop in the middle of the Chiang Mai Gate intersection. which has a long history of more than 40 years, leading to the creation of the Art Gallery empire in this large area that is rich in Rare antique objects, collectibles, and decorations. Rare and valuable old wooden furniture. From both Asia and Europe, this is another asset that we are proud to present. It consists of the following information.

1. Land information.
The land size is 32-02-89 rai, consisting of more than 20 plots of title deeds together. The entire plot is orange. The front is next to the main road. Chiang Mai - Hang Dong (Road 108) has a length of approximately 70 meters, on the side adjacent to the road, Soi Ban Chang Kham Noi 1, a length of approximately 220 meters. The land will consist of more than 32 buildings, with a total of 3 entrances and exits. The land has a large pond in the middle of the land for use in agriculture such as gardening and trees. The land also has various types of large trees and there is a palm plantation on the land. The trees surrounding the land provide shade for residents and good views as well.

2. Various buildings
Buildings on this land can be classified into 5 types and there are more than 32 buildings as follows:
- 5 large showroom buildings
- 4 houses
- 5 residence pavilions and showroom pavilions
- 8 parking garages
- More than 10 other buildings each building will be decorated with many antique collectibles and rare old wooden furniture. which the owner did not give away in the purchase price, but which items are tied to the building, walls, through the ceiling, or built-in furniture? The owner is happy to give it all away. (As shown in the illustration) But if the buyer is interested in rare furniture or any special collectibles. The owner is willing to sell it separately from the purchase price of the land.

As this place is an Art Gallery and a store selling rare antique products, this place is suitable for development into a large showroom, whether it be a showroom for diamonds, gems, antique objects, or anything else. The highlight of the Lanna architecture of this place is that is unique, outstanding, and has an artistic and cultural value that is worth preserving. Or if you want to develop it into something else to raise the quality level, you can as well. Since the land is an orange plan, you can build it into a hotel, resort, housing project, condo, international school, etc.

The highlight of this land is It is very close to Kad Farang Village, only 550 meters, which Kad Farang is a place to relax and gather many leading shops and famous restaurants. Kad Farang is therefore like the center of the people of this area, whether they are Thais or foreigners, who come to relax. Spend the money and choose various products. or come spend time in this place That makes this plot of land in a prime location. Behind the land, there is a view. Wat Phra That Doi Kham.

from this land Travel to Chiang Mai International Airport is only 11.3 kilometers
(20 minutes). Travel to Chiang Mai city is only 13 kilometers (25 minutes).

Places nearby the land
- Kad Farang Village
- Panyaden International School
- SIBS Chiangmai
- North Hill Chiang Mai Golf
- Hang Dong Fresh Market
- Hang Dong Hospital

Please let me know if We can do more to support this, feel free to contact us or welcome to our  office Paul&Esther Real Estate @ 89 Plaza ChiangMai   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 our  office Paul&Esther Real Estate @ 89 Plaza ChiangMai       and feel free for our consult.

===========================

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. 

=====================

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.

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 in which foreigners invest 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 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.

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. 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.

Foreigners can purchase condominiums or apartments without exceeding the quota of 49% of foreign ownership. Funds must be brought in externally for property purchases. A *Tor Thor 3 or Tor Thor Sam document or a Foreign Exchange Transaction Form from a Thai bank is required as proof of funds being transferred externally for property purchases by foreigners.

* Buyers must secure a Tor Thor 3 or Tor Thor Sam document or a Foreign Exchange Transaction Form as proof of their remittance or international transfer of funds (better in Thai Baht) for the purchase of the property. Buyers are required to bring this document to the Land Department when effecting property transfer.

* Foreign Buyers can acquire Leasehold land for a period of thirty (30) years with renewal for another thirty (30) years.

Each condominium shall have aliens or corporate as indicated under Section 19 holding ownership in the units collectively not exceeding forty-nine (49%) percent at the time of registration.

A joint venture formation; Special Purpose Vehicle (SPV) makes it possible for foreigners to acquire houses and land.

For an SPV, a max of up to *two (2) foreigners can be shareholders with the majority of the rest (51%) being Thai.

* 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 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 for our consult.

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

Please let me know if We can do more to support this, feel free to contact us or welcome to our  office Paul&Esther Real Estate @ 89 Plaza ChiangMai   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 our  office Paul&Esther Real Estate @ 89 Plaza ChiangMai       and feel free for our consult.

===========================

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. 

=====================

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.

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 in which foreigners invest 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 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.

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. 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.

Foreigners can purchase condominiums or apartments without exceeding the quota of 49% of foreign ownership. Funds must be brought in externally for property purchases. A *Tor Thor 3 or Tor Thor Sam document or a Foreign Exchange Transaction Form from a Thai bank is required as proof of funds being transferred externally for property purchases by foreigners.

* Buyers must secure a Tor Thor 3 or Tor Thor Sam document or a Foreign Exchange Transaction Form as proof of their remittance or international transfer of funds (better in Thai Baht) for the purchase of the property. Buyers are required to bring this document to the Land Department when effecting property transfer.

* Foreign Buyers can acquire Leasehold land for a period of thirty (30) years with renewal for another thirty (30) years.

Each condominium shall have aliens or corporate as indicated under Section 19 holding ownership in the units collectively not exceeding forty-nine (49%) percent at the time of registration.

A joint venture formation; Special Purpose Vehicle (SPV) makes it possible for foreigners to acquire houses and land.

For an SPV, a max of up to *two (2) foreigners can be shareholders with the majority of the rest (51%) being Thai.

* 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 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 for our consult.

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

This Property for SALE is in area of Chiang Mai Map Zone 53: Nong Kwai & Namprae, Hang Dong

Education
@ Panyaden International School  (080 078 5115)
@ Chiang Mai Montessori School 
Sport& Entertain 
@ Hang Dong Golf Club
@ Grand Canyon Chiang Mai
Restaurant, Bakery, Coffee’ Shop
@ Phufinn Doi Restaurant 
@ Mug Cafe’ & Bistro
Etc.
@ Hang Dong District Municipal Food Market
@ Little Village Chiang Mai