Land sale is a type of real estate transaction. This transaction involves the transfer of ownership rights.
Ownership rights include the right to build on the land.
Land sale differs from property lease. Property lease involves temporary rights of use.
Land sale offers permanent ownership rights.
One popular feature of land sales in Bangkok involves location advantages. Prime locations offer proximity to business districts.
Examples include plots near Sukhumvit Road and Silom Road.
Another popular feature includes development potential. Development potential refers to the ability to construct residential or commercial buildings.
Plots zoned for mixed-use developments exemplify this feature.
Legal clarity is a third popular feature. Legal clarity ensures straightforward transfer of ownership.
Lands with clear, dispute-free titles are preferred.
A common feature of land sales is the size of the plot. Sizes range from small lots for individual houses to large parcels for commercial developments.
Small lots typically measure around 50-200 square wah, while larger parcels can exceed 1,000 square wah.
Accessibility is another common feature. Accessible lands are connected to major roads or public transportation networks.
Lands near BTS or MRT stations in Bangkok illustrate this feature.
Utility access is a common feature as well. Lands with existing connections to electricity, water, and sewage systems are sought after.
Parcels in developed areas often meet these criteria.
An unusual feature includes land with historical significance. These lands carry cultural or historical value.
Examples are plots in the Old Town area of Bangkok.
Another unusual feature is land with unique natural landscapes. Unique landscapes might include riverfront views or hillside positions.
These features offer aesthetic and recreational value.
Lands designated for specific projects represent another unusual feature. Examples include lands earmarked for government infrastructure projects or special economic zones.
These plots may have unique restrictions or incentives.
A unique feature of some Bangkok land sales includes strategic investment value. Investment value arises from future urban development plans.
Lands near future mass transit lines illustrate this feature.
Another unique feature is the availability of special-use permits. Special-use permits allow for operations that differ from the surrounding zoning laws.
Examples include permits for educational institutions or hospitals in residential zones.
Ownership structures tailored for foreign buyers represent a third unique feature. These structures may involve leasehold agreements or ownership through a Thai company, catering to non-Thai citizens.
Land sale provides more control and long-term value than lease agreements. Unlike property leases, land sales offer the freedom to develop or sell the property at will.
This makes land sale a more attractive option for those looking to invest in real estate.
For a deeper understanding of these concepts, visit the glossary about Bangkok real estate.