Bangkok Condominium Purchase Guidelines (Updated 2025 Guide)

Guidelines for Purchasing a Condominium Property in Thailand

1. Financial Transfer Procedures for Foreign Buyers of Condos

2. Taxation

3. Property Transaction Costs and Ongoing Expenses for Houses and Condominiums

• Transfer Fee: Typically 2% of the assessed value of a freehold property, usually split equally between buyer and seller. In some resale transactions, one party may cover the entire fee, depending on mutual agreement.
• Sinking Fund: For new condo projects, buyers pay a one-time fee upon transfer from developer to buyer. The rate (Baht 400–1,500 per sqm) covers major renovations and equipment replacements. If funds are withdrawn for renovation, the unit owner may need to replenish them.
• Utility Meter Deposit and Installment Fee: A fee for initial registration of electricity and/or water meters in new properties. For resale, a transfer of registration may also be required. Sometimes sellers ask buyers to reimburse the original meter deposit. The cost depends on the meter’s capacity.
• Lawyers’ Fees: Each party typically pays its own legal fees.
• Common Area Management (CAM) Fee: Owners pay for upkeep of shared facilities (e.g., landscaping, security). In new developments, 1–3 years of fees might be required in advance. Rates range from Baht 30–150 per sqm per month.

4. Visas for Foreigners

5. Financing