WhatsNext

Great pr as usual from Thailand, first it's "please please come to thailand, we are friendly come come" and then they want to check your papers as you are boinking the bargirl.

I have read up a lot before asking these questions, as there are still some big doubts in my mind : There are a few projects in Hua Hin that (Falcon, Phu Thara, Aria and more) that sell houses via a lease contract of 30 years. The land is transferred to a Thai holding company and you lease from that company. The chanote will get the lease on the back and all is set. In an addendum the lease contract gives the option to extend after 30 years, to sell whenever you want to a Thai with transfer of the chanote or to a foreigner with a new 30 year lease. You can also renew the lease early if you like. These addendums however is what i worry about, does anyone have any past experience with this sort of setup or is it too new to have any experience with ? I worry about the holding company coming into new hands after a while and all the promises disappearing and you can't sell anymore just sit out the lease and lose the lot after the 30 years or even before if you pass away. The second possibility is to trust my girlfriend with the chanote and lease/usefruct via her. The company option seems more safe. I know renting is more safe by far but the rents of the houses here are around 40.000 and to buy is only 6.5 to 7MB Thanks for any ideas / thoughts Edit : some clarification ; The thai holding company is owned by the project, also 100% Thai and fully legal.