The Royal

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Tuek Thla, Saensokh, Phnom Penh

  • Completed (Nov 2018)
For Sale (6 Units)  From $194,800
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The Royal

(Write Review)
Tuek Thla, Saensokh, Phnom Penh
Completed (Nov 2018)
For Sale (6 Units) From $194,800

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The Royal in Tuek Thla, Phnom Penh

The Royal is a house and villa project located in Tuek Thla, Phnom Penh and was completed in Nov 2018. It has 0 units and was developed by Orkidē Villa Co., Ltd, who is also behind The Grand and The Botanic City.

About The Royal

ORKIDĒ VILLA THE ROYAL was found after the first project (ORKIDĒ VILLA THE GRAND) in 2014. With Luxury residents & many facilities within a nature, Orkidē villa – The Royal would like to introduce you to Cambodia modern lifestyle residential with best relaxing environment and shopping center that will fulfill all the taste of high-class lifestyle.The “Royal” offers a variety of housing options starting from commercial shophouses to smaller link house to high end villas. With a 1 hectare club house and garden, the residence would experience a perfect relaxing oasis after a tiring day in the community. Orkide Villa - The Royal is exclusively developed keeping in mind the business community, conveniences, relaxation, which forges a sophisticated lifestyle for our residence.Orkidē Clubhouse, a fine contemporary design with high-class and convenience for your new independent living style, has been located in the center of the local. Providing new perfect environment with refreshing air and many healthy facility including garden, play grown, gym, swimming pool and healthy club, Orkidē Villa focusing on providing high class and easy life.

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Cambodia

Tuek Thla

Neighborhood Overview

Frequently asked questions

The building (the bricks and mortar) can be owned by a non-Thai national outright in their name in what is called the house registry which secures ownership indefinitely of the structure. 

In Thailand non-Thai nationals cannot own land outright in their name. Land can be controlled through either a Thai Company or a long-term registered lease. The longest registered lease term by Thai law is 30 years and most developers will offer 3 terms for a total of 90 years.

 

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After you have found the right property you have to follow these steps:

  1. Agreement of terms and conditions

  2. Reservation Agreement

  3. Reservation Deposit 

  4. Sales and Purchase Agreement

  5. Settlement & Transfer 

 

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A 30 year lease period is legally protected under Thai law and ownership cannot be disrupted. It is common for developers to offer an additional two terms of 30 contractually obligating a total of 90 years.  

Prior to purchasing a leasehold property it is important to secure a copy of the lease agreement or get further clarity on these three points.

#1 - Who is the lessor? (an individual or a Thai Company) Securing a lease from a Thai Company offers much more security than a private individual. 

#2 - Do I have voting rights as a Lessee? (Some lease contracts do not allow lessee to have voting rights)

#3 - Is there a succession clause in the lease agreement that will allow inheritance of the lease?

 

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Thailand has different visas like Spousal Visa, Retirement Visa, Student Visa and Elite Visa - just to name a few options. Each visa has different requirements but they are usually easy to obtain.

 

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