Process of Buying a New Condominium in Thailand

1.Reservation

After viewing the property, if you decide to proceed, the unit will be reserved for you.

Requirements

    • Reservation fee: approximately THB 50,000
      (This will be deducted from the purchase price upon completion)

    • The reservation fee may vary depending on the property

    • Copy of passport

    Please note that the reservation fee is non-refundable in the event of cancellation after booking. We kindly ask you to carefully consider your decision before proceeding.

    In most cases, furniture, electrical appliances, wallpaper, and decorative items are not included in the unit.

    Please also note that it may take some time for the seller (developer) to prepare the contract documents.

2.Payment of Deposit

A deposit of 15%–30% of the purchase price (depending on the property) must be transferred within the specified period.

  • Payment must be made in foreign currency (e.g., JPY, USD)

  • The purpose of remittance must be clearly stated in the transfer details

  • In principle, funds should be transferred directly from the buyer’s overseas account to the developer’s account

Please note that proof of overseas remittance exceeding the property price is required for ownership transfer.

While it is possible to temporarily pay the deposit using funds within Thailand, the full remittance requirement must be fulfilled before the transfer registration.

3.Signing of Sales and Purchase Agreement

You will sign the contract prepared by the seller (developer).

A consulting fee will be charged at the time of contract signing.

4.Unit Inspection (Pre-Transfer Inspection)

Before the final payment, a unit inspection will be conducted.

If there are any defects or issues, please request repairs from the developer at this stage.

Our staff will accompany you during the inspection.
If you are unable to attend, we can arrange an inspection on your behalf.

5.Final Payment

The remaining balance must be paid after the inspection.

  • Payment must be made in foreign currency

  • The purpose of remittance must be specified

Please ensure that the total remittance amount exceeds the property price, as exchange rate fluctuations may result in a shortfall, requiring additional transfers.

Any excess funds will be refunded, so it is recommended to transfer slightly more than the required amount.

The transfer registration will be handled solely by the developer (seller).

6.After-Sales Support

Most projects provide a 1-year warranty period, during which defects will be repaired free of charge.

We also offer:

  • Property management during vacancy

  • Furniture and appliance procurement and installation

  • Tenant sourcing and leasing services

For both new and resale condominium purchases, one of the key points for foreign buyers is that, under Thai condominium law, a condominium purchase must generally be funded with foreign currency remitted from outside Thailand.

International remittance regulations have become increasingly strict in many countries in recent years. If you have a bank account outside Thailand, such as in Cambodia, Malaysia, or another overseas country, remittance from that account to Thailand is generally acceptable.

Although it was previously possible in some cases to bring foreign currency into Thailand by hand, exchange it into Thai Baht, and use those funds for ownership transfer registration, this is no longer permitted.
Foreign buyers are now required to transfer the funds by bank remittance in foreign currency from outside Thailand.