Payment & transfer

Payment terms:

Reservation Fee:
100,000 THB (2,000 EUR – 3,000 USD). 3-week deadline to return all properly executed legal documents along with 30% down payment.
Remainder to be paid upon transfer of ownership in September.

Additional costs:

Condominiums:
Transfer & Registration Fee: 0.01% based on the purchase price for freehold units. 1.10% based on value of lease for long-term lease units. (Both the seller and the buyer equally share this cost)
One time Sinking Fund Fee: 500 THB per sqm.

Ongoing costs:

Monthly Maintenance Fee: Condominiums: 45 THB per sqm approximately.To be paid one year in advance.

Legal matters:

Condominiums: The Development provides both 100% freehold foreign ownership and long-term leasehold for condominiums. Pursuant to Thai property law, foreigners may have a freehold ownership over a unit in a condominium. However, condominium units owned by a foreigner shall not exceed 49% of the total space of the condominium project. Other restrictions may apply. A non-Thai owner of a freehold condominium unit may transfer the property to other foreigners. The remaining 51% will be sold to foreigners with a registered 30-year leasehold title, which is allowed by Thai Law in the name of foreigners, renewable for two additional 30-year periods. Thai nationals or majority owned (51%). Thai companies are allowed to possess freehold ownership on all units.

 

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