Foreign ownership of Condominium Property

According to Thai Law, foreigners may own 49% of the aggregate saleable unit space of a condominium building while the remaining 51% must be owned by either Thai nationals or majority owned Thai companies.

The Sales Process

Pre-completion payment

• A)Reservation: Make a deposit of THB 5,000.00 for studio unit and THB 10,000 For 2 Bedroom which is completely recoverable by deduction from the contractual payment.
• B)Signing: The Sales and Purchase Agreement is to be signed within 7 days of the date on the reservation contract or a short period following the reservation. THB 25,000.00 for studio unit and THB 30,000 For 2 Bedroom is required upon the signing of the agreement.
• C)Down Payment: Make a payment of 5% of total value which is deducted from THB 30,000 for studio unit and THB 35,000 For 2 Bedroom of contractual payment into 10 periods.Balance payment (95%) is to be completed when transferring

Additional Expenses

• A) Transfer Fee - Calculated as 2% of the sales price (subject to change by government policy) 50% paid by seller, 50% paid by purchaser upon transfer of title deed.
• B) Signing Fund - This payment is THB400 per square metre and is payable upon transfer of title deed.
• C) Advanced Juristic Fees - Paid in advance on THB40 per square metre per month basis.Note: The Juristic Fee or management / maintenance fee is used for general monthly maintenance of the building, common areas, security, pool maintenance,etc.

More Information

Disclaimer - Information provided should be used as a guideline only. We suggest that you refer to our professional sales team at dcondomine@sansiri.com or tel. 1685 and a legal advisor before buying a property in Thailand.