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

The Sales Process

Pre-completion payment

• A) Reservation: Make a deposit of THB 5,000 for studio unit or THB 10,000 for 2-bedroom unit. 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. THB 15,000 for studio or THB 30,000 for 2-bedroom unit is required upon the signing of the agreement.
• C) Down Payment: Make a payment of 5% of total value of the contractual payment, less the deposit of THB 15,000 for a studio unit or THB 40,000 for a 2-bedroom unit over 10 instalments.

Balance payment (90%) is to be completed when transferring.

Additional Expenses

• A) Transfer Fee - Calculated as 1% 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 THB 500 per sq.m. and is payable upon transfer of title deed.
• C) Advanced Juristic Fees - Paid in advance on THB 40 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, pool, security, etc.

More Information:

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