Beachfront Land for Sale in Koh Rong Main Beach 1000 sqm

Yes... we are absolutely interested in your $50,000 bar for sale with 3 stools and no customers.
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truffledog
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Re: Beachfront Land for Sale in Koh Rong Main Beach 1000 sqm

Post by truffledog » Tue May 19, 2020 8:26 pm

phuketrichard wrote:
Tue May 19, 2020 5:22 pm
to expand on what Element 6 posted
Thailand "real estate agents" sold lots of land back in the 80-90's in 3 ways

1. was setting up companies where 51% of the shareholders were Thai's
Well that went belly up for many in the 2000's when the land dept looked at companies that had Farang directors and found many of the shareholders were bar girls ,maids, tutuk drivers. Or lots of thai's that were associated with the agent were found to be shareholders in many companies when they barely could support themselves. I had one thai friend ( that made 10,000 baht each time a farang wanted to by land and she came on as a shareholder). When the land office demanded they verify where the investment came from and it was learned that the Farang put the cash up, (the farang had a "legal paper" allow him control of the share holders votes) lost the land

2. Land ownership was sold with a 90 year lease hold contract ( well 30+30 +30) as ONLY 30 years leases are legal
Many of those leases came up in the late 2000's early 2010's and it was found that no matter what the original land owner had said / signed, unless he agreed to sign a NEW 30 year lease ... Farang loses

3.Many brought land in their gf's/wifes name with a "legal binding rental agreement " valid for 30 years given them possession of the land on a rental basis (like 100 baht year).. Land dept found those sales and demanded that the gf'/wife proved it was there money, NOT the farangs that brought the land. This was the least problem of the above as the farang was allowed to sell the land an didn't lose it, ( if the gf/wife agreed to sell an thats another story...:-) )

Americans are allowed to own 100% of a thai company, but specifically can not buy land with said company

One of the many reasons now why so many condos are being built in desirable locations as a Farang can own outright 49% of the total number of condos in the project

So all and all when basta.binici tells ya its 100% safe....it might be now but later......
laws change and those in power can find a way to fuck ya
thera are hundreds of stories "farang loses" in each category you mention. But not everybody will be keen on sharing their losses.

I may add a number 4:

farang buys land and gets a piece of paper telling him he owns the land (signed by the local kamnan)...only to find out later that the owner selling the land was never the owner (or the land not beeing transferable outside a certain group of people) and the kamnan is not the person in charge to certify and land transferring. In Koh Phayam locals even sold parts of the protected forests to greedy farangs. The military stepped in and the thais left with the pockets full of cash. Farang looser.
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Re: Beachfront Land for Sale in Koh Rong Main Beach 1000 sqm

Post by phuketrichard » Tue May 19, 2020 8:35 pm

Thailand;
Only an idiot would buy land and not go to the land office to check docs, nor would buy without verifying docs and registrar said docs at the land office after the sale

We dont have Kamnan's in Thailand, but a poo yai baan, ( head of village) i guess would be closest.
In a nation run by swine, all pigs are upward-mobile and the rest of us are fucked until we can put our acts together: not necessarily to win, but mainly to keep from losing completely. HST
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Re: Beachfront Land for Sale in Koh Rong Main Beach 1000 sqm

Post by truffledog » Tue May 19, 2020 8:47 pm

phuketrichard wrote:
Tue May 19, 2020 8:35 pm
Thailand;
Only an idiot would buy land and not go to the land office to check docs, nor would buy without verifying docs and registrar said docs at the land office after the sale

We dont have Kamnan's in Thailand, but a poo yai baan, ( head of village) i guess would be closest.
https://forum.thaivisa.com/topic/115185 ... -in-samui/

but also in Phayam and probably other islands as well

https://www.bangkokpost.com/thailand/ge ... ng-resorts

.
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Re: Beachfront Land for Sale in Koh Rong Main Beach 1000 sqm

Post by basta.binici » Wed May 20, 2020 2:45 pm

phuketrichard wrote:
Tue May 19, 2020 5:22 pm
to expand on what Element 6 posted
Thailand "real estate agents" sold lots of land back in the 80-90's in 3 ways

1. was setting up companies where 51% of the shareholders were Thai's
Well that went belly up for many in the 2000's when the land dept looked at companies that had Farang directors and found many of the shareholders were bar girls ,maids, tutuk drivers. Or lots of thai's that were associated with the agent were found to be shareholders in many companies when they barely could support themselves. I had one thai friend ( that made 10,000 baht each time a farang wanted to by land and she came on as a shareholder). When the land office demanded they verify where the investment came from and it was learned that the Farang put the cash up, (the farang had a "legal paper" allow him control of the share holders votes) lost the land

2. Land ownership was sold with a 90 year lease hold contract ( well 30+30 +30) as ONLY 30 years leases are legal
Many of those leases came up in the late 2000's early 2010's and it was found that no matter what the original land owner had said / signed, unless he agreed to sign a NEW 30 year lease ... Farang loses

3.Many brought land in their gf's/wifes name with a "legal binding rental agreement " valid for 30 years given them possession of the land on a rental basis (like 100 baht year).. Land dept found those sales and demanded that the gf'/wife proved it was there money, NOT the farangs that brought the land. This was the least problem of the above as the farang was allowed to sell the land an didn't lose it, ( if the gf/wife agreed to sell an thats another story...:-) )

Americans are allowed to own 100% of a thai company, but specifically can not buy land with said company

One of the many reasons now why so many condos are being built in desirable locations as a Farang can own outright 49% of the total number of condos in the project

So all and all when basta.binici tells ya its 100% safe....it might be now but later......
laws change and those in power can find a way to fuck ya
Cambodia company structure and Thailand are different. In Cambodia you can both be the highest share shareholder and the head of board of directors as the only authorized person. I don't recommend the 3rd method for anything. In Cambodia, you can sign a contract up to 15 years as individual and much more as a company. If you try to bypass the limits by signing 30 years future deal of a land, then they might prevent you cheat through the flaws of the law. In our method no sidewalking.
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