Bangkok Condo Guide: Everything You Need to Know (Updated 2025 Guide)

Bangkok Condominium: Thai Definition

A condominium, or condo, is a building where individuals own their residential units and share ownership of common areas like lifts, swimming pools, and gyms. In Thailand, foreigners are allowed to own up to 49% of the total area of a condo building.

Bangkok Condo Areas & Locations

Our team has in-depth knowledge of the condominium market in the following Bangkok locations:

• Silom/Sathon: The area incorporating Silom, Sathorn, Surawong, and Narathiwas-Ratchanakarin Roads.
• Central Lumpini: The area covering Wireless, Ploenchit, Rajadamri, and Chidlom Roads.
• Sukhumvit: The area along Sukhumvit Road from Sois 1-65 and Sois 2-44, known for its luxury condos.
• Pathumwan: The area incorporating Ratchaprarop, Phayathai, and Petchaburi Roads.
• Rama 3: The area along Narathiwas-Ratchanakarin and Rama III Roads.
• Riverside: The riverside area includes developments along Charoenkrung and Charoennakorn Roads.
• Peripheral Areas: Areas outside the Central Business District (CBD), including Ratchadapisek, Ladphrao, and Thonburi.

Typical Condominium Purchase Opportunities

There are three main options when buying a condo in Bangkok:

1. Condominiums in New Projects

We specialize in marketing off-plan new build projects. Benefits include:

• New properties with modern facilities
• Prime locations with access to public transport
• Potential for capital growth

2. Resale Bangkok Condos

Our extensive database includes resale condos, offering:

• No risk of developer delays
• Immediate occupancy
• Opportunities for bargains

3. Buying a Bangkok Condo as an Investment

Investing in a Bangkok condo can provide capital growth and rental income. Early buyers often secure value increases with minimal capital outlay.

Legal Ownership of a Bangkok Condo

1. Freehold: Foreigners can own up to 49% of a condo building on a freehold basis.
2. Leasehold: Some developments offer 30-year leases with renewal options.

Condominium Funding / Financing

Financing for foreigners in Thailand is complex. Funds must be transferred from overseas, and a Foreign Exchange Transaction Form is required for registration.

Bangkok Condo Sales Taxes

Tax liabilities apply when buying or selling property. Below is a sample tax calculation for a 10 million baht sale:

Bangkok Condo - Transaction Costs

Transfer fee: Typically 2%, often split between buyer and seller.

Sinking fund: A one-off payment for major renovations.

Legal fees: Paid by each party separately.

Common area management fee: Covers upkeep of shared spaces.

Bangkok Condo: General Industry Classifications

Condos are classified based on price per square meter:

High-end condos typically feature:

• Prime locations
• High-quality construction and design
• Comprehensive facilities like pools and gyms
• Professional management