Articles and Insights

On December 14, 2024, Maison Development organized a customer appreciation event for the residents of the M Life project (Sukhumvit-Bangpu 87) after the project had been open for 2 years. This event was held because we recognize that building strong and lasting relationships with residents is crucial for any leading residential project. It helps residents feel like part of a family and build trust in the project they have chosen to invest in. For the M Life (Sukhumvit-Bangpu 87) project, the “Music In The Garden, Thank You Party” is one way to strengthen this relationship. The event, which was held in a warm and fun-filled atmosphere, saw many residents attending, allowing everyone to feel the care from the project and to experience the sense of being part of the growing M Life family. Building Long-Lasting Relationships Through Events for Residents Creating a warm and friendly atmosphere at the customer appreciation event not only helps build good relationships with residents but also allows the project to demonstrate its commitment to making residents feel satisfied and confident in the home they purchased at M Life (Sukhumvit-Bangpu 87). The atmosphere at the “Music In The Garden, Thank You Party” was filled with relaxing music and fun. The residents who attended were able to enjoy themselves and experience the great activities organized by the project. Everyone had the opportunity to socialize, make new connections, and strengthen the feeling of being part of the M Life family. Maison Development Thanks the Residents for Their Support […]

Phuket, Thailand’s largest island, is renowned for its beautiful beaches, vibrant nightlife, and lush tropical landscapes. For many foreigners, owning a property in Phuket is an enticing prospect, whether for a vacation home, a retirement retreat, or a permanent residence. However, navigating the property market in Thailand can be complex, especially for non-residents. To help you make a well-informed decision, we’ve compiled seven essential tips for buying property in Phuket as a foreigner. 1. Understand the Legal Framework for Foreign Property Ownership 1.1 Foreign Ownership Laws Thailand’s property laws restrict land ownership by foreigners. However, foreigners can own property under certain conditions. Typically, foreign nationals can: Own Condominiums: Foreigners can own up to 49% of the total area of a condominium project. This is one of the most straightforward ways for foreigners to own property in Thailand. Leasehold Agreements: Foreigners can lease land and property for up to 30 years, with options to renew. This arrangement is a common alternative to freehold ownership. 1.2 Legal Advice It’s crucial to engage a local lawyer who specializes in Thai real estate law. They can help ensure that all legal requirements are met and that your property purchase is secure and compliant with local regulations. 2. Choose the Right Property Type 2.1 Condominiums Ownership: Foreigners can own condominiums outright, provided they adhere to the 49% foreign ownership limit. Maintenance and Management: Condominiums typically offer hassle-free living with managed facilities and communal services. 2.2 Villas and Houses Leasehold Agreements: For villas or houses, consider […]

Thailand’s breathtaking scenery, warm climate, and vibrant culture make it an attractive destination for expatriates and investors alike. For many foreigners, owning property in Thailand is a dream that can be realized through leasehold agreements. While foreigners cannot own land outright, leasehold property offers a viable alternative, providing long-term access to some of the country’s most desirable locations. This guide will walk you through everything you need to know about owning a leasehold property in Thailand, including the benefits, legalities, and practical considerations. 1. What is Leasehold Property in Thailand? 1.1 Definition and Overview A leasehold property in Thailand is an arrangement where the leaseholder (tenant) has the right to use and occupy the property for a fixed period, typically up to 30 years. This lease can often be renewed, making it possible to secure the property for up to 90 years, depending on the terms agreed upon. Leasehold properties are a popular choice for foreigners because they circumvent the restriction on foreign land ownership. 1.2 Leasehold vs. Freehold Freehold Ownership: In Thailand, freehold ownership is reserved for Thai nationals. It means owning both the land and the building on it. Leasehold Ownership: Foreigners can lease property for long periods, up to 30 years at a time, with options for renewal. This provides a practical way to enjoy property ownership benefits without direct land ownership. 2. The Legal Framework for Leasehold Property 2.1 Lease Agreements Lease agreements in Thailand should be clear, comprehensive, and legally binding. Key elements of a […]

On August 16, 2024, Maison Development Co., Ltd., led by its executive team and over 60 employees, conducted the CSR activity “Seed Bombing Reforestation.” This initiative aimed to conserve the environment and promote sustainability within the community. Given the company’s vision, which involves land development that often necessitates the removal of trees, this CSR activity was organized to emphasize the importance of reforestation and the environmental impact of such developments. The event took place at Ban Tham Suea, Kaeng Krachan District, Phetchaburi Province. History of Ban Tham Suea Ban Tham Suea is a small village nestled in the valley of the upper Phetchaburi River, spanning over 4,000 rai of lush and verdant forested land. The village is surrounded by dense, mature trees and lies amidst natural beauty, with the Phetchaburi River flowing through the area, contributing to the moist environment of the community forest. The Ban Tham Suea community forest covers an area of 4,821 rai and has been designated as a community forest since the fiscal year 2009. The forest management plan aligns with the Community Forest Act of 2019 and involves participatory management. Local stakeholders work together to address issues, set visions, goals, and management strategies to accommodate community tourism. The forest is governed by specific regulations established by the community. Management efforts involve collaboration with various agencies, including the Department of National Parks, Wildlife and Plant Conservation (DNP), the Bank for Agriculture and Agricultural Cooperatives (BAAC), and other governmental and private organizations. Activities focus on forest conservation, […]

On August 22, 2024, Maison Development was honored in the real estate industry by receiving the “Best Breakthrough Housing Developer” award at the Dot Property Thailand Awards 2024, a prestigious event widely recognized in Thailand’s real estate sector. This award not only affirms the company’s success in developing various projects but also serves as a significant driving force for Maison Development to continue its mission of delivering the best living experiences and consistently building trust with its customers. In 2024, Maison Development launched a diverse range of projects that cater to the varying needs of customers. Currently, the company has five projects on the market, each uniquely designed to meet the distinct preferences of different client segments, whether they seek urban living or tranquil suburban spaces. The ongoing projects for this year include: M Life Lamlukka – Klong 4: This project caters to those seeking a home in an easily accessible yet private location. It features modern designs that focus on convenient living, making it ideal for families looking for a residence in the Lamlukka area. M Life Sukhumvit – Bangpu 87: Located in a convenient area, particularly for those wanting a home close to the city while still enjoying a peaceful atmosphere, this project offers modern homes with ample living space to meet the needs of every family member. Sriracha Hillside Town Sukhumvit – Sriracha: This project emphasizes a blend of nature and comfortable living. Situated in a natural, tranquil setting, it still offers easy access to various amenities, […]

On August 24, 2023, Dot Property held a ceremony to honor real estate developers and agencies that have supported the overall growth of Thailand’s real estate market. The event, named “Dot Property Thailand Awards 2023,” took place at the Park Hyatt Hotel Bangkok. The Dot Property Thailand Awards recognized and awarded 44 winners from across Thailand. Leading real estate developers such as Asset Wise, Central Pattana Residence, and Property Perfect were also honored at the event. Overview of the Real Estate Market for 2023 In 2023, Thailand’s real estate market demonstrated significant recovery following the COVID-19 pandemic. A notable rebound was observed in the luxury home and resort segments, particularly in areas like Phuket. Adam Sutcliffe, Director of Events and International Markets at Dot Property, stated, “One of the most notable impacts on the market this year is the location of resorts, where the demand from international buyers has led to a surge in sales of luxury villas and an increase in new project launches to meet this demand.” He further added that the winners of the Dot Property Thailand Awards this year exemplify companies and projects that have effectively addressed the heightened demand for residential living from both domestic and international buyers. The Award We Received As a real estate developer, Maison Development had the opportunity to submit projects under our own brand for the Dot Property Thailand Awards 2023. The project we entered was Maison Sky Villas Phuket, and we are honored to have won the award in […]

On March 26, 2024, Maison Development, under the company “Plearnpat Asset Co., Ltd.,” held a press conference regarding the real estate market outlook for the year 2024 and its strategic plans. Following the completion of three projects, the overall market for this year remains challenging, particularly in the segment of homes priced below 3 million baht, where cancellations continue to rise. Recognizing the potential in the luxury market, the company is focusing on developing seven new projects this year, with a total value exceeding 3.7 billion baht. These projects will be located in prime areas from Bangkok to Phuket. The 5-year roadmap anticipates a portfolio value of 5 to 6 billion baht. For this year, the company aims to achieve total sales of 1.4 to 1.5 billion baht and transfer revenues of 900 million baht. Exucutive Vision Mr. Pongsak Sawatyanon, Chairman of Plearnpat Asset Co., Ltd., brings over 10 years of experience in real estate development. He believes that residential property remains one of the four basic needs that everyone has, particularly in the horizontal residential project segment. In 2018, Mr. Pongsak, along with a group of partners, established Ploenpat Asset Co., Ltd. with a registered capital of 5 million baht, holding a 51% share while the remaining 49% is owned by 2-3 partner groups. Under this structure, each project is managed through a subsidiary company specifically established for its development. All projects are developed under the brand Maison Development. Our ‘SOLD OUT’ […]