Thursday, December 17, 2009

Land For Sale in Phuket

9 Chanote title land plots at Koh Kaew road in Kathu, Phuket

Land For Sale in Phuket - BillboardWe would like to present you with 9 Chanote title land plots at Koh Kaew road in Kathu, Phuket overlooking Loch Palm Golf Club.

All road infrastructure has already been put in place together with landscaping.

Views from most plots are quite spectacular and location is ideal with proximity to the BIS and Phuket Town/Patong areas. From there it takes approx 25 minutes to the airport.

All plots have Chanote title deeds. Each of the 12 plots is owned by a Thai company with an indirect but controlling ownership for the ultimate buyer through an offshore company.

This means that the buyer does not have to go through the hassle of having to set up his own Thai company and having to be subjected to the scrutiny of the Land Dept officials.Land For Sale in Phuket

As you know, these days it is becoming increasingly difficult to register land transfers involving Thai companies.

Both the Thai companies and the offshore companies have been properly maintained and have done nothing but hold the relevant plots of land.

A sale can be completed by simply transferring the shares in the offshore company and by changing the directors of both the Thai and BVI companies.

The buyer can, of course, always designate his own preferred Thai shareholders, if he/she wishes.

The sale and purchase would, therefore, be easy and cheap because there are no registration fees and taxes and stamp duties payable.

The land will continue to be owned by the Thai company which is currently registered as the owner.

All common areas are held trough a Thai Company with a BVI holding company with each owner holding an equal share in the BVI company.

Also, please find attached the management agreement for your reference.

Current asking prices are as follows:

Plot 9 was sold

Plots 1, 11 have finalized building plans and building permits. The plots are still on the market with or without building plans.

Plots 1, 10 and 11 are sold at 20,000 baht sq. wah or approximately 6.7, 6.4 and 7.8 million baht respectively

Plots 2 and 8 at 22,000 baht sq. wah or approximately 6.7, and 6.4 million baht respectively

Plots 3, 4 and 7 at 24,000 baht sq. wah or approximately 9.2, 9.8 and 8 million baht respectively

Plots 5 and 6 are above 80 m. from sea level and are for common area use.

Please don’t hesitate to contact us if you have any further questions.

For more information please contact:

Mr. Allard Voute

Mobile: 081 - 893 3462

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