RE: Whats the advantage – Leasehold vs Freehold

I’m considering buying an apartment in Phuket, I hear a lot of leasehold and freehold while searching.

Can someone explain me the main difference and which is better??

Win Tschudin Asked on 6th November 2015 in Legal.
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3 Answers

It really depends what you’re looking for. Foreigners can own a condo freehold. As for villas, they can own the villa property/building freehold, but must lease the land. Generally people prefer freehold because it gives them peace of mind to know they hold the ownership deed/title. With leasehold property, foreigners can secure a 30-year lease, renewable twice, for up to 90 years of “leased ownership”. For many people, this is more than enough, and can help the investor avoid freehold premium fees.

Answered on 6th November 2015.

Hi Paulie,

But what about the above post mentioning the non enforce-ability of the 30 year renewals and is there also a 12.5% yearly fee based on the lease value ???

tks

on 14th August 2016.
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