Buying a Condo in Bangkok – how to do It/is it a Good Idea?

In fact, your title will indicate the size of your condominium, the total gross area of the resort, and your percentage of ownership of that gross area. Foreigners can also operate (as a minority shareholder) a legally compliant business, which can itself own the property as part of the business. Why buy a condominium in Thailand? It is this favorable legal structure that leads many investors to choose to buy a condominium with any other type of property. Thai law allows foreigners to rent land properties or villas for up to 30 years. However, only a condominium in Thailand allows a foreigner to register property in their own name with the Land Department. A condominium is the only sure means of foreign ownership in Thailand.

As mentioned, Bangkok condominium investors are attracted in part by the island’s ever-improving infrastructure and high build quality standards. Many new resorts offer their own shops and a selection of restaurants, as well as a range of other facilities including saunas and steam rooms, jacuzzis and libraries, all in addition to the usual health and fitness centers and pools. Since this city is visited by so many people every year, most of the investment is based on this holiday market. This increased competition has led to the emergence of new innovations. New resorts are being built specifically for investors looking to capitalize on the thriving tourism sector. As the industry matures each year, projects become more daring, with more facilities and amenities to serve the ever expanding tourism industry. The styles and amenities offered by Bangkok luxury projects draw new buyers to there every day.

Bangkok condominium prices have steadily increased over the past two decades. 65,000) depending on location. 2.5 million). They are generally in great locations with stunning sea views, and while they are licensed to be condominiums and offer non-deed, they may even have a garden and pool. However, prices are still much lower than other holiday destinations around the world and are surprisingly cheap compared to some capitals. But due to the scale of some of the new developments, even projects on the west coast offer off-plan properties at very low prices.

Of course, there are many choices between economic and luxury apartments – navigate here – . Well-known developers will try to maintain high quality standards and also strive to keep prices at attractive levels for buyers. For any new project that will be much more than 100,000 baht per square meter, there must be other factors to justify this higher price. If you can find a quality condominium in a great location for below that price, then this is probably a good deal. Much depends on location, build and finish quality, and even the developer’s reputation. General rule: new designs sell for around 100,000 baht per square meter. Their price will also depend on the completion on the island. They want to offer a top-notch quality product, but they also have to consider affordability.