Hannarong Corporation

• Company Name : Hannarong Corporation
• About Us : Hannarong Corporation can provide you all information about investing in properties in Thailand. We have thousands of land plots and properties for you to choose from, in all area of Thailand, with strategic locations and very competitive prices. We are certain that we have just the right property for your need and budget.What you should know before investing in properties in Thailand1. Foreigners can own property in Thailand, such as buildings or condominium, but they cannot own the land on which the structures sit. In other word, foreigners are not allowed to own land in Thailand.2. The only possibility for a foreign individual to own land is through a Thai limited company. Forming a limited Liability company is very popular for foreign investors, and usually only takes about four or five weeks to put together with the help of a good lawyer and accountant. 3. When purchasing condominiums, there are three acts that have relevancy. The first is the Condominium Act of 1979-No.2. The second is the Condominium Act of 1991, and the third is the Condominium Act of 1999. At this point in time, foreigners can own up to 49% of the total percentage of the condominium units. Until recently, foreigners could only hold up to 40%, so things are getting a little more liberal. As an attempt to sell some of the markets overburdening condominiums, there has been an update to the Condominium act. An exception so that foreigners, or foreign owned companies, can now own 100% of Condominiums. These developments must have development areas under 5 rai. This is supposed to be true through at least April 27, 2004. There are a number of regulations related to foreigners who can own a condominium unit. Basically they boil down to any foreigner who can enter Thailand legally, can buy a condominium.4. In Thailand there are a number of unique land measurements in use:1 Rai = 4 Ngarn or 1,600 sq. meters1 Ngarn = 100 Wah or 400 sq.meters1 Wah = 4 Sq.meters1 Hectare = 6.25 Rai1 Acre = 2.5 RaiWe're can help you go through all the process neccessary to purchase a land and property. Please contact us for further details.
• Product/Service : Land for residential and hotel development, Industrial Property In Rayong, Land for farming and agriculture
• Country/Region : Thailand > Rayong
• Category : Construction & Real Estate > Real Estate Agents
• Contact Person : Mr. Chawanakorn Hannarong
• Link More : Thailand Construction & Real Estate ,Thailand Real Estate Agents
• Telephone :
• Fax :
• Mobile phone :
• Address : 1 / 17 Rachabumrung Soi 15 Neanpra
• Zip Code : 21000
• Business Type : Agent