The Jovell condo will be devloped by Hong Leong Group .
Ownership of a Unit in a Condominium Or Apartment Building in Thailand
By http://singnewhomes.com/jovell-showflat/
The Jovell condo will be devloped by Hong Leong Group . The Jovell is located along 57 Flora Dive , Tampines east . It has 9 eight storey blocks with a estimated of 429 residential units .
In this one-of-a-kind setting, the Hong Leong Group , one of Singapore’s most renowned condominium builders, offers a one-of-a-kind residence. Jovell Condominiums is a distinctive address located on Flora Dive Tampines , within easy reach of Downtown Tampines’s exciting urban amenities. Like all of Hong Leong’s signature condominiums, The Jovell is beautifully woven into the fabric of the community. With spacious living corner , grand suites with exceptional finishes, and a fabulous roster of lifestyle amenities including a stunning clubhouse and amenities , life at Jovell condo is an inspired vision of gracious living.
Foreigners and foreign juristic persons are allowed to own a condominium unit in Thailand in their own name, but keep in mind that this refers to ownership of an apartment unit in a condominium building registered under the Condominium Act of Thailand. Not all apartment buildings in Thailand are registered under the Condominium Act. Unregistered apartment buildings are common in the tourist areas of Thailand and foreigners are often not aware of the difference between a unit in a condominium registered under the condominium act and a unit in an unregistered apartment building. Both buildings and units may look the same, however, in case of an unregistered apartment the legal protection is limited compared to the protection offered to the owners and purchasers under the Condominium Act, and only registered condominiums offer freehold ownership over the units.
In case of an apartment building which is not registered under the Condominium Act the units do not have ownership unit title deeds (ownership of the units is not legally separated from the building as a whole) and the units can only be leased as part of a building, or the building as a whole must be in joint ownership by all unit purchasers together, however, this will not include the land the building stands on, as foreigners can't own land in Thailand. Only in case of a true condominium the individual units offer freehold ownership and the land is jointly owned by all the unit owners.
By http://singnewhomes.com/jovell-showflat/
The Jovell condo will be devloped by Hong Leong Group . The Jovell is located along 57 Flora Dive , Tampines east . It has 9 eight storey blocks with a estimated of 429 residential units .
In this one-of-a-kind setting, the Hong Leong Group , one of Singapore’s most renowned condominium builders, offers a one-of-a-kind residence. Jovell Condominiums is a distinctive address located on Flora Dive Tampines , within easy reach of Downtown Tampines’s exciting urban amenities. Like all of Hong Leong’s signature condominiums, The Jovell is beautifully woven into the fabric of the community. With spacious living corner , grand suites with exceptional finishes, and a fabulous roster of lifestyle amenities including a stunning clubhouse and amenities , life at Jovell condo is an inspired vision of gracious living.
Foreigners and foreign juristic persons are allowed to own a condominium unit in Thailand in their own name, but keep in mind that this refers to ownership of an apartment unit in a condominium building registered under the Condominium Act of Thailand. Not all apartment buildings in Thailand are registered under the Condominium Act. Unregistered apartment buildings are common in the tourist areas of Thailand and foreigners are often not aware of the difference between a unit in a condominium registered under the condominium act and a unit in an unregistered apartment building. Both buildings and units may look the same, however, in case of an unregistered apartment the legal protection is limited compared to the protection offered to the owners and purchasers under the Condominium Act, and only registered condominiums offer freehold ownership over the units.
In case of an apartment building which is not registered under the Condominium Act the units do not have ownership unit title deeds (ownership of the units is not legally separated from the building as a whole) and the units can only be leased as part of a building, or the building as a whole must be in joint ownership by all unit purchasers together, however, this will not include the land the building stands on, as foreigners can't own land in Thailand. Only in case of a true condominium the individual units offer freehold ownership and the land is jointly owned by all the unit owners.