BUYER'S GUIDE

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 (5%)

  • A) Reservation: Make a deposit of THB 5,000.00 for studio unit, 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 20,000 is required upon the signing of the agreement.
  • C)Down Payment: Make a payment of 5% of total value which is deducted from THB25,000 of contractual payment into 12 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 dcondobkn@sansiri.com or tel. 1685 and a legal advisor before buying a property in Thailand.


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