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China Sailor
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The 99 year lease is used in many countries. In some cases (Such as Singapore) the seller has only a 99 year lease and the land reverts to the government at the end of the grant. It is a good idea to check the grant expiry date before signing the paperwork.
On problem with 99 year leases vs. Freehold is that the resale value of the property is siginificantly lower in the case of the 99 year lease.
My suggestion is to 'do the math' and figure out if this is the better investment than a long-term rental.
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Thai Girls : Meet Sexy Thai Girls
Posted on: 8:29 am on June 27, 2005
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dotcom
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One more thing you might like to consider.
With a 99 year lease you are your own Landlord. You can build, tear down, modify & redecorate. Want a gazebo with a Jaccuzi? Put it in.
Rental means that your landlord can jack up the price any time he wants to.
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Bangkok Women : Meet Sensual Bangkok Women
Posted on: 10:20 am on June 27, 2005
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DaffyDuck
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Histrionics, always amusing.
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Thai Girls : Meet Sexy Thai Girls
Posted on: 1:56 am on July 4, 2005
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Oz
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Another issue about 99 Year Leases is that often Banks will not Lend on places with less that 80 Years (this varies!) left on there Lease or Lend at a higher interest rate!
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Bangkok Girls : Meet Sexy Bangkok Girls
Posted on: 2:01 am on July 4, 2005
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DaffyDuck
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So, essentially, avoid leasehold, and avoid 99 year leases, if you plan on reselling after 10 years or so.
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Thai Women : Meet Matured Thai Women
Posted on: 2:53 am on July 4, 2005
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Alifco
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Thailand does not have 99 year leases.
They have 30 year leases as a maximum and they can be offered as a further option. Although this point is somewhat sticky as it could legally be considered 'illegal' because of the 30 year maximum term clause.
So go ahead Duffy why don't you buy an apartment in The Met with a 99 year lease Go on, impress us with your investment prowess.
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Bangkok Women : Meet Beautiful Thai Girls
Posted on: 12:41 am on July 6, 2005
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slowx
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sky villas is 60 years lease.
the met is leasehold
n banks do lend on leasehold... my 30 years leasehold place is courtesy of bangkok bank..
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Bangkok Girls : Meet Attractive Thai Girls
Posted on: 12:16 pm on July 6, 2005
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manowar
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"the Met" is leasehold ? I could have sworn CBRE agent told me that it's one of the very few freeholds available.
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Thai Girls : Meet Active Thai Girls
Posted on: 12:18 pm on July 6, 2005
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slowx
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oops, typed too fast..
met definitely freehold...
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Thai Women : Meet Matured Thai Women
Posted on: 12:24 pm on July 6, 2005
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DaffyDuck
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Quote: from slowx on 12:28 am on July 7, 2005
sky villas is 60 years lease.
You sure about that? After all, Alifco, who knows a lot, is convinced that 30 years is the maximum leasehold.
I'll stick with most of the information provided by Abrak, who *does* know a lot, by virtue of being knowledgeable in this field (Thanks, Abrak, for all of the information in this thread)
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Bangkok Girls : Meet Attractive Thai Girls
Posted on: 12:49 pm on July 6, 2005
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