Question 1

Can a foreigner buy a condo in Bangkok?

Accepted Answer

Yes. Foreigners may own a condominium unit freehold, provided that foreign ownership in that building does not exceed 49 percent of the total saleable floor area. The purchase funds must be transferred into Thailand in foreign currency and evidenced by a Foreign Exchange Transaction form for the transfer to be registered.

Question 2

What is the difference between freehold and leasehold?

Accepted Answer

Freehold means the unit is registered in your name indefinitely. Leasehold means you hold a registered lease, commonly 30 years with renewal options, and the land underneath belongs to someone else. Leasehold is common in central areas such as Phloen Chit and Chit Lom where the land is held under long-term lease, and it usually prices lower than a comparable freehold unit.

Question 3

What fees apply on transfer day?

Accepted Answer

The main items are the transfer fee calculated on the appraised value, withholding tax, and either specific business tax or stamp duty depending on how long the seller has held the unit. Buyer and seller commonly split the transfer fee, but this is negotiable and should be written into the sale agreement.

Condo for Sale in Bangkok

RHYTHM Sathorn (JJ1736)

RHYTHM Ekkamai (JJ1457)

RHYTHM Ekkamai (JJ1337)

Metris Rama 9-Ramkhamhaeng (JJ2027)

M Jatujak (JJ1140)

Rhythm Ekkamai (JJ1420)

Maru Ekkamai 2 (JJ1967)

Knightsbridge Collage Sukhumvit 107 (JJ2015)

Ashton Chula - Silom (JJ2014)

VTARA Sukhumvit 36 (JJ2011)

Rhythm Ekkamai (JJ2008)

Rhythm Ekkamai (JJ2007)