Property, real estate Phi Phi Island,Thailand. May 03
The first rumors are surfacing of property development on Phi Phi Island Thailand. On asking the owner of the Land it seems that the rumors are premature but the denial left me in no doubt that it may easily be on the cards later in 2003/ 2004 season.
Property location
It seems that villas will be built on the View Point hill above the school, facing the famous Tonsai Cliffs with views of Tonsai Bay (maybe Loh Dalum as well.)
Prime Real Estate
For any of you who have been to Phi Phi Don you will know that this will be prime realestate with an immediate re sale or rental market virtually guaranteed.
Unkowns
We are still checking on the land title, it's height above sea level.
Thailand land title Law
The land titles available are as follows:
Sor Kor 1This is the certificate to show the right to the land.
Por Bor Tor 6 This is proof that tax has been paid to the Thai government.
Nor Sor Sam This title shows that the holder has legal right to the land and can be used for the benefit of the owner. The problem with this land is that it is defined by maps of 1:50000 and does not set the boundaries with other parcels of land.
Nor Sor Sam GorIs the the same as Nor Sor Sam but that it has in addition the verification of land near by. It is possible to partition this land.The problem with this land is that it is defined by maps of 1:50000.
Land Tittle Deed or ChanoteThis the certificate of ownership of land and as such is the most respected land title. It is mapped out and physcially pegged on location of the land.
Upgrading Thai land titilesThis can be done and would take place in Krabi town at the Municipal Land Office.
80 meter lawYou are not able to build over 80m. There is a rumour as of May that there will be a new height restriction of 100 meters.
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