Ventura Residences Xavier Estates Phase 5

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Cagayan de Oro City, Misamis Oriental, Northern Mindanao

  • Off Plan
For Sale (1 Units)  From ₱5,610,000
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Ventura Residences Xavier Estates Phase 5

(Write Review)
Cagayan de Oro City, Misamis Oriental, Northern Mindanao
Off Plan
For Sale (1 Units) From ₱5,610,000

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Ventura Residences Xavier Estates Phase 5 in Cagayan de Oro City, Northern Mindanao

Ventura Residences Xavier Estates Phase 5 is a house and villa project located in Cagayan de Oro City, Northern Mindanao It has 0 units and was developed by A Brown Company, who is also behind COVENT GARDEN, Mountain Pines Farm and Magallanes Village.

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Northern Mindanao

Cagayan de Oro City

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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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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After you have found the right property at Ventura Residences Xavier Estates Phase 5 you have to follow these steps:

 

  • Unit selection and agreement of terms and conditions 

  • Reservation Agreement

  • Reservation Deposit 

  • Sales and Purchase Agreement

  • 1st Contract Payment 

  • Payment Installments

  • Snag List

  • Transfer

 

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