The Sales Process

Pre-completion payment (30%)
A) Reservation: Make a deposit of THB 10,000 for 1 bedroom or THB 20,000 for 2 bedrooms Deposit is completely recoverable by deduction from the contractual payment.
B) Signing: The Sales and Purchase Agreement is to be signed within a short period following the reservation. A 30 percent payment of the unit is required upon the signing of the agreement
Balance on transfer remaining (70%)
C) Money Transfer: There are 3 options to transfer money
1. Set up local bank account in Thailand in the name of purchaser and forward funds into the account.
2. Transfer funds to specified Sansiri bank account and Sansiri shall organise all appropriate paperwork/certificates.
3. In the case the property is purchased via a Thai company, transfers can be made directly to the company bank account.
Payment Procedure
Foreigners are required to remit at least USD 20,000.00 into Thailand per transfer to receive a FOREX Transfer Form. This form will be needed to transfer the unit under foreign ownership and also remit money back out of Thailand if so needed in the future.
Note: Conversion to Thai Baht has to be done in Thailand and not before transfer is made into the country. Furthermore, instruction on transfer must state that it is for the purchase of property.