Got Crypto? Bitcoin Buys Tropical Beachfront Paradise Villa in Thailand

[rooster59 5,858]

Got Crypto? Bitcoin Buys Tropical Beachfront Paradise Villa in Thailand

Daily Hodl Staff

 

Source: Bitcoin Real Estate

 

A sparkling modern beach villa is up for sale in Ko Sumai, Thailand. Villa Soong, a contemporary modern villa, is a beachfront estate facing the white sands of Laem Noi Beach. The 3-bedroom, 3-bath pool property is surrounded by lush palms.

 

The property is for sale for $1.5 million USD. Bitcoin, US dollars and other unspecified crypto are accepted.

 

Villa Soong is one of five properties at Mandalay Beach Villas, a collection of fully-furnished beachfront estates with island accommodations and ocean views. According to the listing, the home has approximately 3,767 square feet of living space on a 17,000-square foot lot.

 

Full story: https://dailyhodl.com/2019/01/11/got-crypto-bitcoin-buys-tropical-beachfront-paradise-villa-in-thailand/

 

THE DAILY HODL: 2019-01-12

[Ks45672 1,991]

Are foreigners even allowed to own this? 

[KittenKong 13,808]

I'm fairly sure that if anyone made an offer of the equivalent of USD1.5M in any sort of currency or commodity it would be accepted.

The place probably isnt worth half that.

[khunPer 3,547]

8 hours ago, Ks45672 said:

Are foreigners even allowed to own this? 

Presume one can be crypto-owner, i.e. virtual owner, reality is a different ballgame...

[Inepto Cracy 491]

If I had even more than US$500,000,000.00, yes half a billion us dollars, I would not touch a thai property with a barge pole.

The country is way too unstable and as a farang, you cannot own the land its on.

Why buy anything you cant own ???

[Ks45672 1,991]

2 hours ago, khunPer said:

Presume one can be crypto-owner, i.e. virtual owner, reality is a different ballgame...

Bitcoin can be legally owned by anyone , Thai House and land cannot

You must be old

[Ks45672 1,991]

10 hours ago, KittenKong said:

I'm fairly sure that if anyone made an offer of the equivalent of USD1.5M in any sort of currency or commodity it would be accepted.

The place probably isnt worth half that.

Drastically overpriced, you could buy a mansion for that price even in some 1st world countries not to mention the legality of ownership issues if you are not Thai

[Ks45672 1,991]

1 hour ago, Inepto Cracy said:

If I had even more than US$500,000,000.00, yes half a billion us dollars, I would not touch a thai property with a barge pole.

The country is way too unstable and as a farang, you cannot own the land its on.

Why buy anything you cant own ???

Why did they waste money advertising it on an expat website like this one? 

The land office will never transfer the property into a farang name anyway so its seems to be a waste of time 

[khunPer 3,547]

On 1/12/2019 at 1:32 PM, Ks45672 said:

On 1/12/2019 at 11:16 AM, khunPer said:

Presume one can be crypto-owner, i.e. virtual owner, reality is a different ballgame...

Bitcoin can be legally owned by anyone , Thai House and land cannot

You must be old

So isn't that what I reply to "Are foreigners even allowed to own this?", i.e. property in Thailand, that Foreigners will be a "virtual owner" only...
Nothing to do with if you buy for bitcoins or real money.

[mickymouse1 221]

Would rather go to Greece. Spain..Red Sea...even Morocco...

[Ks45672 1,991]

2 hours ago, khunPer said:

So isn't that what I reply to "Are foreigners even allowed to own this?", i.e. property in Thailand, that Foreigners will be a "virtual owner" only...
Nothing to do with if you buy for bitcoins or real money.

No, they won't be any type of owner

Since the transaction will never be allowed to happen

Go back to sleep granddad 

[Netease 135]

Buy for 1.5 mill Bit coin sell for BHT1 mill money cleaned

[Naam 13,479]

On 1/12/2019 at 7:42 PM, Ks45672 said:

Why did they waste money advertising it on an expat website like this one? 

The land office will never transfer the property into a farang name anyway so its seems to be a waste of time 

because the design indicates clearly it's held in a company name controlled by an expat. selling the company does not involve the land office as there are no changes in the chanot required.

[Ks45672 1,991]

2 hours ago, Netease said:

Buy for 1.5 mill Bit coin sell for BHT1 mill money cleaned

Who do they imagine will pay 500k to clean 1m? 

[Ks45672 1,991]

5 minutes ago, Naam said:

because the design indicates clearly it's held in a company name controlled by an expat. selling the company does not involve the land office as there are no changes in the chanot required.

This is the same old chestnut that's been a grey area for many years 

 

Owning land by proxy through companies is not an investment id be happy with under the current government 

 

$1.5m could buy something decent in Europe or US etc with no grey area