According to Thai Law, foreigners (as natural persons or juristic persons) may own up to 49% of the aggregate saleable unit space (not the number of total units) of a condominium building, while the remaining 51% must be owned by either Thai nationals or Thai majority owned Thai companies.
The Sales Process
- 95% financing with 5% down payment of the sale price is required. The percentage of a mortgage loan is subject to client's qualifications.
- A down payment of 5%, less the THB 5,000 deposit and THB 20,000 of the contractual payment, is divided into 12 payments.
- No refund of the deposit or the contractual payment will be issued even if the mortgage application is denied.
- Transfer fee is split equally between buyer and seller.
Additional expenses upon transfer of title deed
- A) Transfer fee which is calculated as 1% of the sales price
- B) 1% mortgage registration fee required from the buyer who gets a mortgage loan.
- C) Advanced Juristic Fees: paid in advance on THB 45 per square metre per month basis.
- D) Sinking Fund: THB 500 / sq.m. (one-time payment)
- E) Electricity meter deposit and installation: THB 6,650
The Juristic Fee or management / maintenance fee is used for general monthly maintenance of the building, common areas, security, pool maintenance, etc.
Disclaimer- information provided should be used as a guideline only. We suggest that you refer to our professional sales team at firstname.lastname@example.org or Tel. 1685, and consult a legal advisor before buying a property in Thailand.