Reservation Fee: 100,000 THB (2,000 EUR - 3,000 USD). 3-week deadline to return all legal documents properly signed and make the first down payment. Following stages of payment will be reached as construction progresses.
Additional costs:
Transfer & Registration Fee:
Transfer & Registration Fee: 1.10% based on the land price. (Both the seller and the buyer equally share this cost)
Ongoing costs:
Monthly maintenance fee:
6,000 THB per sqm approximately. One year advance.
Legal matters:
As per the property ownership, the buyer will get a 30 years term lease on the land which can be renewed twice (up to 90 years) as foreigners are not allowed to own land directly under their name. However, he will get full ownership of the house, which is built on the land. The land lease is registered with The Thai Official Land Department under the buyer’s name. A freehold option is available for Thai nationals and Thai companies.
Disclaimer:
The information and figures presented above are believed to be accurate but cannot be guaranteed. They are intended for the purpose of projection and analysis and should not be used for preparation of income tax returns.
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