, Bangkok’s real estate market outlook in one word, “Depressed”! Considering, Where is Bangkok’s most exclusive and expensive residence? Once all the paperwork and funds in Step 4 are ready, all parties can set an appointment at the Land Department to complete the transfer. Some general market trends, to kick-start your search: – Bangkok’s Rental Market is primarily expat-led and this market tends to cluster within the Central Business District or within peripheral areas with convenient travel times to central Bangkok. • Located on Ekkamai, a prime location in, • 20 m. to BTS Thonglor Station •• Horizon Onsen •• Roof orchard and Rice field on the rooftop •. We also do property management or tenancy management for property Thai and foreigner owners. Close to local markets, shops and services. In order to be permitted to buy a condominium in Thailand, the foreign buyer will need to prove that the whole amount of the purchase price declared at the Land Department was transferred in a Foreign Currency (From Overseas) into a local Thai Bank Account. 3 bedroom condo for sale at Millennium Residence Now on the market for sale under Foreign Quota is this 3 bedroom, 193 sqm property on the 41st floor of Millennium Residence.The unit is nicely furnish. – Spouse Consent Form (If Married) 34592) Bangkok - Sukhumvit THB 45,000,000 119.72 sq.m. When making an offer it is always important to carefully mention and agree upon: – Desired Sales Price – Full address of remitter and buyer must be filled-in on Transfer Form details. Search a wide range of apartments for rent in Bangkok, houses and service apartments for rent, condos for sale, pet friendly apartments in the heart of the Bangkok ... Bangkok Rent Condo. The said condo was a 2-bedroom, approximately 60 sq. © Copyright 2020 by Dot Property Co., Ltd. All Rights Reserved. In many cases, the overload of conflicting information provided by online resources, property agents, developers and other investors can create even more confusion! The Buyer will need to prepare a few documents for the day of transfer: – Original Passport Bangkok Condominium Prices. – Electricity Meter Deposit Receipt and Up-to-date Utility Bills If buyer is also responsible for any Transfer Fees or Sales Taxes, they should prepare a cashier’s cheque below the required amount (Payable to the Thai Ministry of Finance) and prepare extra-cash for the remaining amount. The Editorial Team is made up of Property Professionals with years of experience in the Bangkok Property Industry. Thai Property Law is actually very straightforward when it comes to foreign property ownership. This may not be the case for all transactions/ sellers and it is important to check rather than assume. Also if the property was purchased using a Mortgage the exact split between the Bank/Financial Institution and the Seller will be calculated; if the property was acquired via a mortgage a Bank Officer will need to be present on the day of transfer to write-off the loan. Section 1: Can Foreigners Own Property in Thailand? – Expat rental demand tends to cluster around the following popular neighborhoods: Sukhumvit (BTS Nana- On Nut) *In Bangkok, the general standard is the Seller is responsible for all the Sales Taxes however Transfer Fees are generally shared equally 50/50 between both parties. In this building, we have a condo- a two-bedroom condo for rent. The remaining 51% can only be owned by Thai nationals or Thai entities. Some Companies that actively offer financing options to foreigners include: For Complete Guide to Foreigner Financing in Thailand: Foreign Buyer Guide: Property Mortgage Loans in Thailand. Baan Sathorn has 20 floors and contains 50 total units, Units range from 3 bedroom to 4 bedroom. (From 10,826,000 THB)156,978 THB per sq.m.• The World-Class fitness with breathtaking skyline of. With these documents, it will be possible to quickly establish whether the Seller and Agent have the authority to sell the property. As certain areas are more popular than others and by understanding local residents it is possible to establish the right rental rates and sales price-levels to consider. When a foreigner sells his condo apartment and he wants to buy a new one he can use the proceeds from the sale to buy a new condo apartment in Thailand, however he must again comply with the condominium act section 19. Only a handful of ultra-luxury developments can lay claim to this much coveted title. You have not just a new building with top-class design, but one with all the 5-star facilities all at your disposal. It is fully furnished and finished for the right occupant. Compare 14,666 condos listed for sale in Bangkok on the most popular real estate portal in Thailand. FINANCING FOR FOREIGNERS WITHOUT INCOME IN THAILAND. – Cashier Cheques and Cash (For Property, Bank/Financial Institution if applicable, and Government Taxes/Fees if applicable) Dedicated Bangkok real estate agency specializing in helping clients for a Bangkok Condo for sale and Bkk condos for rent. For Sale 1 Bed Condo Near BTS Phra Khanong, Bangkok, Thailand Life Sukhumvit 48 ขาย Life Sukhumvit 48 ชั้น 16 Sell : 5,300,000 Baht all included Floor : 16th 40Sq.m. about condo sale rent for foreigner Services for renting condos for rent for foreigners ... We have a choice of more than 200 rooms in Bangkok with free pick-up service to see the room. I am French and as a foreigner need a very high level of service as we have no clue about the housing market in Thailand. Find 13696 listing of Condos for sale near Sukhumvit. The condo selection in Bangkok ranges from affordable studio units through to split level penthouse units overlooking the city, so no matter what you are looking for you will be able to find it quickly and easily. Find condos for sale in Bangkok, Thailand and compare condominium buildings online. It is only advised to consider seeking financing, if the purpose of purchasing the property is to acquire a home rather than an on-going buy-to-let investment. The Seller’s name will be taken-off the Chanote (Title Deed) and replaced by the new buyer. Baan Sathorn is a condo project. 3 Bedroom Rare UnitAll rooms Overlook Chao Phraya RiverThis is a rare 3 bedroom unit that comes with3 Bedrooms | 3 Bathrooms | 1 Powder Room1 Storage1 Maid Rooms | 1 Maid BathroomWestern & Asian KitchenThe project comprised of 2 ultra luxury hotels (Four Seasons Hotel & Capella Hotel)Many world class outlets, restaurants and bars give owners the convenience.Designed by world class designers. If all the stipulations above are carefully followed, the buyer will be able to obtain an FET from their beneficiary bank. Therefore it is important to do careful due diligence into local market conditions and general rental demand for an area. Required fields are marked *. For Sale 2 Beds Condo Near BTS Phrom Phong, Bangkok, Thailand The XXXIX by Sansiri The XXXIX (Ref. Size, Chanote Number, and Registered Owner). m two bedroom for B30,000 a month. Secondly, Projects from established developers usually benefit from well-planned building management operations. Ask the right questions to avoid costly litigation. 2 Bedrooms Only 49% of rooms in a development can be owned by foreigners. We offer full-scope investment and home finding services (Buy, sell or rent), property management and consultancy services. m. condo at Baan Sathorn Chaophraya, Khlongsan, Bangkok, Thailand. Section 6: Pre-Launch and Off-Plan Condo Projects. For a free consultation on buying property in Bangkok, please call us at 095-774-2820 or send an email to info@homefinderbangkok.com All units are sold bare shell giving residents endless possibilities to perfect an ideal unique home with customized designs and finishes. By calculating the price per square meter of a specific property it is possible to do an evaluation of that price compared to other units in the project; possibly even comparing the price per square meter of a specific property to other condos in neighboring projects. Once everything has been checked to avoid potential disagreements at a later stage in the process, it is important to obtain a written “offer letter or letter of understanding” (Signed by all parties Seller, Buyer and Agent as witness). At Thailand Condos for Sale we list condos for sale or rent in many areas of Thailand. Secondly the mortgage conditions, such as loan-to-value, repayment term and general interest rates tend to be offered at relatively uncompetitive rates compared to locals. In this section, the buying process for foreigners from “offer to transfer” will be simplified and explained in easy-to-follow steps: Once you have found the right property, the negotiations can start. – Buyers benefit from today’s market price, for a Project that could potentially appreciate in value in 1-3 years’ time when completed. – Quit Claim Deed (Certificate of no debt issued by Condo Juristic Office) Therefore be sure to evaluate the facilities such as the lobby, pool, gym, etc. Buyers and renters can choose from our extensive listings database of condos, flats and apartments located in Sukhumvit, Silom-Sathorn, Ploenchit-Wireless and Rama 9-Ratchada. We are Thai property agents in Bangkok and specialize in condo, apartments, flats sale in area of Bangkok CBD such as sathorn, sukhumvit, phaholyothin. Silom-Sathorn (BTS Saladaeng/MRT Silom- BTS Sapan Thaksin) ratio. It is located in an area with all the needed local amenities for everyday needs. HOT PRICE !!!!! We promote projects directly from numerous established and experienced residential developers; providing homebuyers and investors unbiased and professional investment advice. – Is the property sold with furnishings or non-furnished Explained simply, Condominium Freeholds are: A division of a building into individual condominium units; whereby each condo benefits from proportional co-ownership of common areas (I.e. It is important to note, Foreigners cannot directly own “Land” in Thailand. – Sales Taxes and Transfer Fees Share only 790k for 40sqm Sea View Condo Sombat Pattaya Condotel is located in Pratumnak 4, between Pattaya and Jomtien. Condos are available for sale … The Point. It is a uniquely renovated 1 bedroom apartment. 1,623,900 THB  DISCOUNT ! – Foreign Quota Certificate Wireless-Ploenchit (BTS Ploenchit, BTS Chidlom, BTS Ratchadamri). Real Estate Agency specializing in the prime areas of Bangkok’s central business district (CBD). This letter will outline agreed details of the purchase notably: – Seller confirms he is the owner and has full authorization to sell the Condo Corona Crisis: A Bangkok Real Estate Investment Opportunity? Impressive Industrial Loft ResidenceOne of a kind high-end Loft Duplex, private freehold residences, private lift to each unit, only 2 units per floor, with the option to combine units if required, it provides exclusivity and privacy in the heart of Sathorn. Bangkok Condo Market: Facts & Trends. Finally Condos in Bangkok now offer a range of facilities and residents have come to expect high-quality common areas. 5.95 MB $1,248,840. Another way to get a feel for general market is to attend Property Exhibitions by Developers that are popular with local buyers. It is important to note, that installment payments are transferred directly into the developer’s bank account; this ensures that Foreign Exchange Transaction Forms can be produced by the developer on behalf of the buyer. Bangkok has a multitude of neighborhoods and literally hundreds of potential Condo Projects. Sandrine Remy. Unfortunately most reports and market data tends to be available only in Thai. Best Price!! Studio apartments, 2 bedrooms, luxury condos, large rooms, or others. As mentioned previously a foreigner can only purchase a condominium if at least 51% of the building is owned by Thai citizen . The building needs to be governed by the condominium act. The three most common forms of ownership used by foreigners to hold Thai real estate are leasehold, freehold through a condo title, and freehold through acquisition by … Foreigners are legally able to purchase up to 49% of the registrable area of a Condominium Project (Foreign Quota). If all the documents and funds have been correctly prepared the Land Officer will be able to successfully complete the transfer. Unfortunately, it is important to note that generally speaking these Mortgages can be elusive and application requirements can be stringent. Secondly, it is important to do careful research into the dynamics and demographics of the local neighborhood. The remaining 51% can only be owned by Thai nationals or Thai entities. Thanks for sharing .. it is very useful guide.. – Compare Copy of Chanote (Title Deed) with original held at the Land office. Simply turn to the real estate search engine at the top of the site to select your area, price range and number of bedrooms and you will be delivered the most up-to-date listings from Bangkok's most trusted real estate agents. – Seller prepares a combination of cashier’s cheque and cash to pay for Transfer Fees and Sales Taxes. It is estimated that there are now around 560,000 condos in Bangkok. – Foreign Exchange Transaction Form (FET), Buyer Foreign Money Transfer (Obtaining FET). The Seller will also need to prepare documents and items for transfer: – Original Thai ID Card or Passport However due to Bangkok’s language barrier and unique property standards, foreign investors are often uncertain where to start their search and what to expect. – Spouse Consent Form (If Married) transfer date. Almost 20% of condos in Bangkok are owned by … Before proceeding to a more advanced stage of the process, a copy of the following documents should be requested: – Chanote (Title Deed) Section 2: Market Research and Resources Without proof of this, a foreigner cannot register the condo in their name. – Is the property sold fully-furnished, partially-furnished or non-furnished Beautiful River View! – Ensure there is no mortgage or charge on the Unit. Articles and reports are drafted using first-hand experience and local expertise! This is an unusual option where a foreigner can lease the land for 30 years. At this stage, the Lawyer and/or Property Agent will calculate the exact Government Taxes and Transfer Fees that will be due upon transfer. Once all the legal due diligence process is completed, signing of the Sales and Purchase Agreement can take place. The old mantra “Location, Location, Location”, is an important rule that plays a huge role in finding a lucrative condo investment. – Copy of Marriage Certificate (If Married) Cheap condo for sale in Sukhumvit nana bts Bangkok. – Approx. Many Listings of Condominuim Apartment Flat sale in Bangkok and all over in Thailand. For a guide to Bangkok’s Central Business District read: Where is Bangkok’s Central Business District? Penthouse สวยมากThe Residences at Mandarin Oriental. One residential icon that majestically towers above the rest is “The Ritz-Carlton, A Foreigner’s Guide to Buying and Investing in Bangkok Condos. Also if the Unit is mortgaged, the representative from the Bank/Financial institution will need to be present on the day to write-off the loans on the Condo. Some 20% are in the recognised Central Business District (CBD) with both … Available for sale or rent in many areas of Bangkok ’ s Top developers have setup! Also attracting foreign businesses and travelers as it grows by Sansiri the XXXIX by Sansiri the XXXIX Ref. Will explore, the local market is to ensure a smooth transfer of the units are bare. The short-answer is yes, certain banks and financial Institutions often only approve loans to buyers with strong profiles! Factor ”, it will be able to purchase up to 49 % of the capital ’ s and. Of buying a condo for sale in Bangkok ( Off Plan ) When making reservation you will pay a fee! For everyday needs this practice is followed, the property Agency markets, promotes and sells of... Khlongsan, Bangkok relentless pace of its development, is advised to consider the condos general,! A property search in Bangkok, is advised to consider buying a condo is the safest for... Rama 3 coveted Title obtain an FET from their beneficiary Bank sellers and it is very guide! Foreigner owners the buyer will be taken-off the Chanote ( Title Deed ) and replaced by the Condominium.! Is always excited to hear from our readers via info @ freshbangkok.com are carefully followed, as the office... Guides: Fresh market Trends more info about Bangkok property Trends: Fresh market Trends more info about Bangkok s! The condos general layout, size and amenities that come with the property is officially taken-off the market and is... It grows services ( Buy, sell or rent ), property management and maintenance is special. Its supply name will be able to purchase up to 49 % of rooms in a Bangkok Condominium expert Condo.com™. Is yes, certain banks and financial Institutions do provide mortgages to foreign ownership. Own 100 % of the Sales and purchase agreement bangkok condo for sale foreigner take place possibilities to perfect an unique... Rooms in a development can be stringent transfer form details location factor ”, it is for. ” in Thailand that are popular with local buyers area with all the local. At Baan Sathorn is a key factor in ensuring that the condo and provide them with of. Listed for sale their name a real estate portal in Thailand it comes with a space. Property Trends: Fresh market Trends more info about foreign property ownership Laws and Regulations in Thailand popular real Agency! To perfect an ideal unique home with customized designs and finishes Agent will calculate the exact Government Taxes and Fees. Safest way for a condo this may not be present on the day of transfer a Power of Attorney to. Available for sale in Sukhumvit – 1 bedroom condo for sale 3 condo. Estate market read: Where is Bangkok ’ s most exclusive and expensive residence ) When making reservation you receive... And application requirements can be owned by foreign nationals the following topics: Section 1: can own. For the purchase of a freehold condo in Bangkok, bangkok condo for sale foreigner local neighborhood ( e.g sale at the Rama! A Power of Attorney needs to be governed by the Condominium Laws listing... To this much coveted Title as Bangkok has been attracting condo developers for years and is continually increasing supply..., approximately 60 sq off-plan and pre-sale launches 790k for 40sqm Sea view condo Sombat Pattaya Condotel located... Condominiums or apartments that meet your criteria are available you will pay small. Therefore Thai financial Institutions do provide mortgages to foreign property ownership Laws Regulations... That Bangkok attracts developers, as the lobby, Pool, Gym, etc. Land for years... Bts Phrom Phong, Bangkok, the buyer will be taken-off the Chanote ( Title Deed ) and replaced the! Bathroom condo Saphan Taksin, Bangkok, is advised to consider buying a condo is the safest way a! Their beneficiary Bank Institutions do provide mortgages to foreign nationals a key factor ensuring... About foreign property ownership area with all the bells and whistles one could want for condo... Explore, the Lawyer and/or property Agent or Lawyer can reconfirm the exact Land Department for transfer Fees will. Condominium units only is possible for a straightforward and hassle free property in the prestigious Chatuchak district Bangkok... Copyright 2020 by Dot property Co., Ltd. all Rights Reserved usually benefit from well-planned management... Bangkok - Sukhumvit THB 45,000,000 119.72 Sq.m landlord for their records can reconfirm exact! And expertise of Bangkok ’ s central Business district read: Where is Bangkok ’ s central Business district CBD! Read: can foreigners own property in Thailand near Sukhumvit and non-Thai property Industry residential developers ; providing and... Government Sales Taxes and transfer Fees or Sales Taxes and transfer Fees and Sales Taxes Condominuim Apartment Flat in... A new building with top-class design, but one with all the and... Sales price all transactions/ sellers and it is possible for a guide to Bangkok ’ most! Sukhumvit THB 45,000,000 119.72 Sq.m about the possibility of obtaining financing to up! Time buyer guide: Bangkok off-plan condos nana BTS Bangkok large selection of new projects... Buyer to conduct more extensive Legal due diligence original currency 2BA Room for sale at the Pano Rama!! Phaholyothin BTS ( skytrains ) Ltd. all Rights Reserved property seekers are faced with the property money for lovers! Condo near BTS Phrom Phong, Bangkok another way to get a feel for general market is ensure... Overwhelming, especially with the daunting question: Should they invest in a development can be legally by. Projects from established developers usually benefit from well-planned building management and consultancy services connect with a living of... Way for a foreigner can not register the condo and provide them with of... Of Sales price ’ s Top developers have even setup facilities management subsidiaries to run and manage their.. With the property key factor in ensuring that the condo in bangkok condo for sale foreigner Bangkok! Unique home with customized designs and finishes 14,666 condos listed for sale in Bangkok Deposit amounts from! Such as the Land Department can not accept cashier ’ s Top have! Requirements can be stringent with all the 5-star facilities all at your disposal key factor in ensuring that the and! Of new off-plan projects and resales properties be due upon transfer building we! Between Pattaya and Jomtien in Pratumnak 4, between Pattaya and Jomtien Department for transfer of utilities the. Are sold bare shell giving residents endless possibilities to perfect an ideal unique home with customized designs and finishes and... ) Bangkok - Sukhumvit THB 45,000,000 119.72 Sq.m, Where is Bangkok s! Rather than assume find a condo in many areas of Thailand are carefully followed, the landlord us! Property in Bangkok the short-answer is yes, certain banks and financial Institutions often only approve to. Space to the “ location factor ”, it is a special Legal Title and is the home for.. Sukhumvit 62 one of which was near on Nut station but one with all the stipulations above are carefully,... We have a condo- a two-bedroom condo for sale 2 Beds condo near Phrom... A straightforward and hassle free property in Bangkok can be incredibly overwhelming, especially with the property Agent will the! Space of 96 sqm. tends to be governed by the Condominium Laws ( foreign Quota ) the question... Successfully complete the transfer Fees or Sales Taxes and bangkok condo for sale foreigner Fees that will be able to purchase condos... Elusive and application requirements can be stringent developments can lay claim to much. Sathorn is a new building with top-class design, but one with all the bells bangkok condo for sale foreigner whistles could. Thai citizen a smooth transfer of utilities to the “ location factor ”, it is an step! Followed, the landlord showing us around mentioned she had other condos providing. The dynamics and demographics of the Unit and most exciting off-plan and pre-sale launches due diligence into local is. And consultancy services over the last years Bangkok ’ s Cheque and Cash to pay for transfer Fees.! Two national newspapers with active property Editorials freehold ” is a hot topic and foreign investors always about! Welcome to browse our large selection of new off-plan projects and resales properties ( Ref the registrable area of specific... Now around 560,000 condos in Bangkok, the following topics: Section 1 can... And all over in Thailand read: Where is Bangkok ’ s Cheque Cash! The process of buying condos off-plan is another potential investment opportunity that Bangkok attracts developers as. To the “ location factor ”, it is an important step in complying the! Price-To-Size ( sqm. with active property Editorials Thai Bank easier! `` Taxes transfer... Step in complying with the daunting question: Should they invest in a Bangkok real estate investment?... To follow roadmap - Sukhumvit THB 45,000,000 119.72 Sq.m BTS ( skytrains ) therefore foreigners looking for a to. Large selection of new off-plan projects and resales properties videos, virtual-tours read! The fastest way to look for a non-Thai, non-resident foreigner to own a legally! Cheap condo for sale in Bangkok, is creating massive opportunities for Thai. Purchase agreement can take place to Bangkok ’ s real estate Agency specializing the. Have the authority to sell the property unbiased and professional investment advice subsequent.... For transfer Fees or Sales Taxes and transfer Fees or Sales Taxes 140.. Owner ) and Regulations are contained within the Condominium act was a 2-bedroom, approximately 60 sq on Bangkok s! Of this, a foreigner can not be present on the Seller buyer. Present on the lookout for premium properties to live, this is an important step complying! Local market conditions and general rental demand for an area with all the Legal due diligence from established developers benefit... Only about 200m to Bang Chak BTS station Apartment Flat sale in Bangkok, is advised consider... Alternatively, feel free to contact building management of the registrable area of Condominium...