Regardless if you are a Thai national or possibly a overseas buyer, buying a condo in Thailand calls for a selected list of documents to comply with the law and comprehensive the transfer of possession at the Land Department.
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The most crucial transfer payment is two% of The federal government appraised worth, and it is often split Similarly among the customer and the seller unless negotiated usually.
Thai condominium law makes it possible for up to 49% of the total sellable floor place of the condominium task to be owned by non-Thai men and women or entities.
Exactly what are the common charges for condo homeowners in Bangkok? + − Once you own a condominium in Bangkok, you're responsible for certain ongoing charges often known as prevalent place servicing (CAM) costs. These go over the shared providers and facilities furnished by the constructing’s juristic management.
This quota makes certain that overseas consumers can individual the title deed outright in their very own name, providing whole lawful legal rights just like Thai nationals. Having said that, it’s vital that you Notice that: The international purchaser have to remit cash in international currency into Thailand and document the transaction correctly.
It really is no surprise that Bangkok appeals to builders, as the town can be attracting international organizations and travelers as it grows.
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CondoDee Idea: Always overview the CAM rate, sinking fund, and economic stories of the condo's juristic particular person in advance of committing to buy. Effectively-managed structures ordinarily provide transparency and concern regular statements.