When you buy an apartment in Thailand, the amount of expenses depends on the form of the ownership. Besides that, you are still expected to pay taxes and several different fees.
Registration Fee
When you registrate your transaction, the Land office takes several types of one-time fees. The amount of each depends on the type of a property and ownership (leasehold or freehold), period of ownership. The total sum is shared between a buyer and a seller in equal proportions. If you buy in a leasehold, you will have to pay 1.1%. Buying in a freehold would make you pay 2% from the property cost.
Realtor’s Fee for the Deal
In Thailand buyers don’t pay commission to their real estate agent. It is an obligation of sellers. You can count on full support on every stage of the deal, up to the control of the construction process and acceptance of the finished apartment.
According to the Thai law, the construction company must have a capital repair fund that contains of money that will be spent on unforeseen work in the complex. These funds are collected from real estate buyers. It is a one-time payment of 400-800 baht per sq. m. You will pay about $650 for a regular 50-meter apartment.
Freehold Fee
Developers specify standard prices for apartments in leasehold. If the freehold status is important, the surcharge will be about 10% of the property cost.
What is leasehold?
There are two forms of property ownership, like in the UK, where this system is borrowed. Freehold is free ownership. Leasehold is a long-term lease (standard term - 90 years). Leasehold transactions are registered with the Land Department, and the buyer gets all typical rights to dispose of the property, which are to lease, sell, gift, pass on inheritance, and so on. The only restriction is the need to extend the lease term every 30 years.
Furnishing
New buildings in Thailand are sold with full finish, plumbing, air conditioning, equipped kitchen and built-in wardrobes. But to start earning money on rent, housing must be furnished and have all necessary accessories. A standard package from the developer for a 30-meter apartment costs about $10 000.
Connection of Utilities
State agencies charge developers a fee for connecting each apartment to utility services – $300-600. Some companies collect this money from buyers.
State Tax
Thailand didn’t have annual taxes until 2020. The media reported that in the future they will appear. In any case, the discussed rates are minimal: 0.03% of the real estate price per year and only for properties of more than $315 000.
Compound Maintenance
Almost every new building in the resort areas of Thailand has a shared pool, gym and security. Usually, those compounds that are built according to the hotel standards have such infrastructure as SPA, tennis courts, golf course, water slides, play rooms for kids and much more. Property owners pay for the maintenance of these facilities. The standard rate is $2 per sq.m. of real estate per month. As a result, you pay about $1 200 a year for a 50-meter apartment.
Residential Property For Sale
131 900 €
Flat in Pattaya, Thailand
73 m²32
Residence
This is an upscale residential complex on the shores of the Gulf of Thailand, offering private access to the water and a high level of security. Its unique futuristic design, reminiscent of a whale riding the waves, creates an inspiring image with flowing façade lines and green rooftops.
The apartments are decorated in a modern style with...
Renaissance Estate
487 800 €
Apartment on Phuket Island, Thailand
138 m²432
Above Element is a modern complex where every detail is thought out to the smallest detail. Here you will find a variety of housing options: from elegant and spacious one- and two-bedroom apartments to luxurious penthouses. All rooms are equipped with the latest technology and electronics, as well as furnished with modern furniture and stylish...
MGallery Residences MontAzure — Accor-branded apartments in a Kamala resort townshipMGallery Residences are 227 apartments under Accor's MGallery brand within MontAzure, a 72-hectare resort township in Kamala that runs from its own 250-metre beachfront up the mountainside. Units are sold freehold.What sets it apartAccor Live Limitless Diamond...
50 Lemons
873 730 €
Flat in Pattaya, Thailand
245 m²323
Online ViewingRemote TransactionRental property
Apartment of 245 sq.m. for sale in Baan Hard U Thong by the sea, Pratamnak
Luxury condominium on the first line with access to the beach
Spacious apartment with panoramic sea view
Specifications:
21st floor, 245 sq.m
2 bedrooms with sea view
3 bathrooms
Spacious living room
European cuisine
Fully furnished
Panoramic windows...
Green Door Enterprises Co., Ltd
152 559 €
Apartment on Karon, Thailand
42 m²11
Apartments in Phuket / KR-609P
Proximity to the developed infrastructure of the Karon area with an abundance of supermarkets, bars and restaurants.
Object details:
Delivery: May 2019
To the sea: 600 m
Bedrooms: 1 - 2
Bathrooms: 1 - 2
Living area: 42 - 68 m²
Income: Guaranteed income of 10% per annum for 3 years. Next, the rental...
Exotic Property
89 667 €
Apartment on Phuket Island, Thailand
34 m²11
Apartment complex in the southern part of the island / RW-911P
SALES START! A new modern apartment complex in the Rawai area is the ideal combination of comfort, well-thought-out infrastructure and advantageous location. Nearby are schools, supermarkets and the best beaches in the south of the island. An excellent choice for life and...
1-Bedroom Condo at New Nordic VIP5
Pattaya, Pratamnak
3rd floor
Foreign quota
Resale unit — ready to move in or rent out immediately
Great price for this area
Unit Details:
Type: 1 bedroom
Size: 40 sq.m
Floor: 3
Fully furnished
Ready to live in or rent
Functional layout
️ About the Project:
New Nordic VIP5...
APARTWELL
682 569 €
Apartment in Phuket, Thailand
100 m²22
A spacious residence with two bedrooms, designed for both family living and receiving guests. Unit area ranges from 100 to 134 m², with corner layout options (2 Bedroom Corner) and an enlarged version with additional space (2 Bedroom Plus). The complex is located on the first line of Kamala Bay, a quiet, elite area of the western coast of...
HOT DEAL | Studio in New Nordic Marcus 3
Pattaya, Pratamnak
6th floor
Foreign quota
Resale unit — ready to move in or rent out immediately
Great price for this area
Unit Details:
Type: Studio
Size: 30 sqm
Floor: 6
Fully furnished
Ready for living or rental
Functional layout
️ About the Project:
New Nordic Marcus...
APARTWELL
299 615 €
Apartment in Phuket, Thailand
75 m²321
The 7-storey apartment complex features 148 stylishly designed residences, offering modern living with a kitchenette or pantry, breakfast bar or dining area, cozy bedrooms, and private balconies in select units. Residents can enjoy a range of amenities, including a swimming pool, gym, spa and sauna, kids club, parking, library, and a welcoming...
Surfhouse — a 34-apartment boutique condominium by SALA with surf lessons and board storageSurfhouse Residences is being built by SALA Hospitality Group, operator of nine resorts since 2004: just 34 apartments in a seven-storey building with a basement on 1,757 m², designed for people who live for the sea and surfing.What sets it apartSurf...
50 Lemons
33 100 €
Flat in Pattaya, Thailand
30 m²11
Rental property
FOR SALE. Studio 30 m² – New Nordic Marcus 3, Pratumnak, Pattaya
SPECIAL PRICE!
New Nordic Marcus 3 is a condominium in Pattaya, located just a 5-minute walk from one of the city’s best beaches - Asia Beach, in the prestigious Pratumnak area.
PRICE: 1,250,000 THB (price is fixed in Thai baht; final amount depends on the exchange rate on...
APARTWELL
5 171 006 €
Apartment in Bangkok, Thailand
453 m²3
Chanintr's newest project
Chanintr Residences offers conversion of concrete apartments into luxury residences on Naradhiwas Road.
Duplex Type
3 Bedrooms
2 Large Balconies + Private Plunge Pool
453.28 sqm
10th+ Floor
Fully Furnished
Designed by renowned Architect "Barbara Barry".
NF Group
276 800 €
Flat in Phuket, Thailand
67 m²32
Residence
A modern residential complex of seven eight-story buildings is being built in the prestigious Rawai area on the southern coast of Phuket.
The project includes 485 apartments of various layouts, built taking into account the natural landscape. The complex is located 300 meters from the picturesque Rawai Beach and has direct access to the...
Renaissance Estate
76 062 €
Studio in Pattaya, Thailand
27 m²11
Online ViewingRemote Transaction
New complex near the sea in North Pattaya!
Love it Wongamat Beach A modern low-rise project in Wongamat, one of the most peaceful and prestigious parts of North Pattaya. The complex is located on Naklya Soi 14 - just about 5 minutes walk from Wongamat Beach.
This project is for those who want to combine a holiday by the sea, the comfort of...
DDA Real Estate
210 134 €
Apartment on Phuket Island, Thailand
37 m²11
Premium apartments on Layan Beach / LN-235P
Premium residential complex surrounded by tropical nature near Layan Beach. Unique terraced architecture, environmentally friendly solutions and modern apartments create ideal living and investment conditions. The complex offers spacious apartments with panoramic views, swimming pools and recreation...
Exotic Property
507 000 €
Flat in Phuket, Thailand
123 m²43
Residence
This is a new premium residential complex in the prestigious Bang Tao area of Phuket. The project includes 135 modern apartments ranging from studios to three-bedroom penthouses located in three 7-storey buildings.
The architecture blends seamlessly with the natural landscape: tropical gardens and bamboo groves, creating an atmosphere of...
Renaissance Estate
81 147 €
Studio in Phuket, Thailand
28 m²11
Online ViewingRemote Transaction
Apartments in Chalong - large swimming pool, coworking and infrastructure nearby
Wyndham Fantasea Condo Chalong Modern residential complex in the south of Phuket, which is suitable for those who want to combine a resort lifestyle with the convenience of urban infrastructure. The project is located next to Robinson Lifestyle Chalong,...
DDA Real Estate
125 808 €
Apartment on Nai Harn, Thailand
33 m²11
Ultra-modern complex within walking distance from Nai Harn Beach / NH-801P
Modern residential complex within walking distance from Nai Harn Beach, only 750 m - one of the most popular in Phuket. The unique location and developed infrastructure make it an excellent choice for both permanent residence and investment. Green areas, thoughtful...
Exotic Property
96 000 €
Flat in Pattaya, Thailand
34 m²21
Residence
This is a modern condominium in the prestigious Jomtien area. The project combines space design with the pristine nature of Thailand. Thoughtful public spaces, refined style and walking distance from the beaches make it ideal for expats, families and investors.
The interiors are made in harmony with French, futuristic and Art Deco styles using...
In Thailand apartments have utility meters. You must pay for electricity and water according to them. Prices are lower than in Europe. The city's electricity rate is about 4 baht per kWh, and water costs a penny. Good news: if your apartment is rented by a hotel, you don’t pay for utilities.
Realtor’s Fee After the Deal
The standard rate for working with tenants is 20% of the income. But if you buy property in an apart-hotel with a rental program, these costs will not be incurred.
Taxes on Rental Income
The maximum income tax rate for foreigners is 15%. It is possible to reduce the burden.
Calculation example for real estate in Thailand
A studio apartment with a sea view
33.9 sq.m.
Kamala, Phuket
Market price: $125 000 (furnishing in included)
Sinking fund: $850
Compound maintenance: $765
Connection of utility metres: $630
Leasehold fee: $1380 Total expenses: $3625
