What are the typical property prices for freehold condominiums in Thailand?
The typical prices for a 1-bed freehold condominium in a good location in Thailand are between HKD500,000 – 1,200,000 (USD65,000 – USD150,000), depending on the quality of the developments and its amenities.
Can foreigners own Thailand properties under their own name?
Yes, foreigners can own up to 49% of the total area of a condominium development on a freehold basis. The freehold title of the property will be registered under your name with the Thailand Land Department. Leasehold ownership is also offered in condominiums where the foreign quota for freehold title has been reached. Foreigners can also buy land and landed properties in Thailand, but subject to a maximum 30 years renewable leasehold.
Do I have to go to Thailand in order to purchase the property?
No, you do not need to go to Thailand in order to purchase the property. When it comes to signing documents for the purchase, it can be done outside of Thailand. Our company will make arrangements for your best hassle free experience.
Which part of Thailand should I invest in?
Thailand is a beautiful country with many vibrant cities for you to consider investing in. You have Bangkok (capital city), as well as many beautiful resort destinations such as Phuket, Pattaya, Koh Samui, Hua Hin and Chiang Mai for your perusal. Our sales representatives familiar with Thailand can advise you in choosing the right location for your investment.
How do I choose the right location?
There are different strategies in choosing the right location for different cities. In Bangkok, the strategy is to choose properties that are near BTS stations. In resort destinations such as Phuket, you should choose the right beach area or inland-island, central location that gives you the highest occupancy rate. Please speak to our sales representatives to learn more about the different strategies and options available to you.
What are the buying costs for Thailand Property?
The buying costs for Thailand freehold condominiums are typically:
What are the selling costs for Thailand Property?
The selling costs for Thailand freehold condominiums, which are payable when you sell away your properties after completion, are typically:
Are there any selling costs/taxes if I sell away my property before completion?
There are no SBT, Stamp Duty or Income Taxes if you sell away your Thailand property before completion. This is because the title deed of the property has yet to be registered under your name, hence the sale does not trigger any costs/taxes by the Thai tax authority.
Who are the typical tenants of my Thailand property investments?
In Bangkok, the typical tenants are Western and Japanese expatriates. There are many Japanese automobile companies running factories around Bangkok. Japanese engineers, senior management and employees are your typical tenants for Bangkok properties (especially in locations from Phrom Phong to Ekkamai). Foreigners from Western companies ranging from manufacturing to multi-industry, professional services businesses also represent the capital's rental tenant mix.
In resort destinations such as Phuket, you will see a more diverse tenant mix such as Russians, Scandinavians, Americans.
Why should I invest in Thailand property now?
Thailand has always been a favored property investment destination by international investors such as those from Hong Kong, China, Singapore, Malaysia, Russia and Australia, to name a few. Thailand property prices are still relatively low and the rental yield is very attractive. The recent political crisis in Thailand has caused the Thai Baht to fall drastically against major currencies, hence creating great buying opportunities for international property investors. We believe the political crisis is going to be short-lived and now is the best time to invest in Thailand property market; we equate this to the buying of Hong Kong properties during SARS. There's great upside potential for those who have a longer term view on Thailand.
Contact us as soon as possible if you have an interest. We have a team of specialists including Thai lawyers to assist you throughout the entire process.