Here are the things you should consider when buying a condominium in Thailand.

Prices for condominiums in Thailand range from 1,000,000 THB to 300,000,000 THB.

Analyze your lifestyle, your needs, and your investment opportunities.

Different types of condominiums

Search for condominiums

If you are abroad, you can search for properties online. Be sure to check the developer's portfolio to ensure they have a good reputation in the real estate industry.

If you are in Thailand, you can visit a trade fair or showroom directly at the developer's premises.

Foreigners can apply for financing in Thailand. Developers can recommend banks, subject to approval by the banks.

It is advisable to seek legal counsel during the acquisition process to make an informed decision before signing the contract. A lawyer will conduct due diligence and can represent you in all legal matters, especially if you travel abroad frequently.

Every property developer has their own strategy for attracting potential buyers for their apartments. Therefore, they often offer flexible payment terms. You just need to actively ask about them.

These are the standard payment terms:

  • A reservation fee (10,000–50,000 THB) will be deducted from the total price of the unit. The amount of the reservation fee depends on the developer's requirements.
  • A deposit (20–30%) is due within 30–60 days of receiving the reservation fee.
  • The remaining 70-80% can be paid in installments until the transfer date.

    • Please note that the transfer of ownership will not take place even if you have already paid the purchase price in full before the building is completed.

  • Transfer fee (2%) – this is normally split between the developer and the buyer.
  • The maintenance fee is calculated per square meter per month and is payable 12 months in advance.
  • Reserve fund – this is a one-off payment, the amount of which depends on the price per square meter and is subject to the developer's terms and conditions.

    • Why hire a real estate agent?

    The real estate agent can recommend properties in better locations, at a lower price, and of higher quality. He has information on properties that are not yet available to buyers.

    The real estate agency or the agents themselves maintain good relationships with the developers, and you can be sure that they know the best deals for their respective clients. They will present you with the best available unit and the best value for money.

    They can conduct negotiations on your behalf and negotiate discounts as well as additional services such as furniture or electronics. They will create a comprehensive list that meets your requirements.

    You can request a list of properties here: www.thailandpropertysolutions.com.