Friday 26 October 2007

Nearing Completion

View Talay 6 is nearing completion, and transfers of title will begin next month.

First Come, First Served

As with all recent View Talay projects, issue of titles in personal names will be on a "first come, first served" basis. Representatives from the View Talay sales office will contact purchasers as soon as units are completed and ready for transfer. Purchasers are then advised to complete final payments, and transfer title to their name by presenting documents in person at the local Land Registry Office.

Obviously, this system benefits those that reside in Pattaya full-time, or those that are able to travel to Thailand at short notice.

Those that fail to complete their condo purchase before the 49% threshold has been reached will have to either:

  1. Form a Thai company, and register their unit in the company name. Or,
  2. Register unit in a Thai citizen's name.
Neither of these two are procedures are recommended.

Lower Resale Value

It's important to note that Thai properties registered in a company name usually have a lower resale value than those registered in a personal name.