The real estate purchase deal takes place in several stages:
1) Selecting an apartment, signing a reservation agreement and making a deposit;
2) Signing a contract (Thai-English);
3) Paying the first invoice payment;
4) Receiving a payment receipt after the funds have arrived at the company;
5) Paying subsequent invoice payments;
6) After the construction is completed and the debt to the developer has been fully repaid, the apartment is accepted and registered with the Land Department.
All stages of the transaction can be carried out remotely with electronic document exchange. Acceptance and registration are also possible through a authorized person.

Yes, we have extensive experience in conducting remote deals and transfers from different parts of the world. This deal has the same force as a deal in the developer's office. You receive all the necessary documents for the deal.

The method of payment for real estate in Thailand depends on the type of property:
Freehold – SWIFT transfer from abroad or confirmation of foreign origin of funds;
Leasehold – any method of payment: cash, transfer from a Russian or Thai card, cryptocurrency, SWIFT transfer.

The reservation can be paid in any convenient way, regardless of the type of property.

Yes. Long-term lease rights to condominium units can be transferred to other persons in accordance with the terms of the lease agreement. A fee of 50,000 baht is required. In addition, the new tenant must undertake to comply with the terms contained in the original lease agreement.

Yes, in case of gifting, a fee of 50,000 baht will be required. In case of death or disability of the owner, the developer unconditionally agrees to enter into a new contract with the heir without any additional payment. You can register the heirs in the contract or draw up a will with a Thai notary.

Long-term leasehold ownership is a common method of property ownership for foreign buyers. Once the lease is registered with the Land Department, the leasee's rights to the apartment in the residential complex are officially recognized.

The transfer of rights happens pproximately 90 days after full payment is received and all buildings within the project are completed. We will notify the owner of the documents and fees required for registration. Owners may begin using their unit and move in prior to registration and transfer of ownership of the condominium unit, subject to building permit (conditions apply).

Our agreements have been in use for many years and have been reviewed by major international law firms. We have our own lawyers who can answer any questions you may have about the agreements. However, if you wish to consult with a legal and/or financial advisor, we are ready to provide all the necessary documents.

When making a deal and paying the fees, you receive the following package of documents:
Agreement for the purchase/rent of the apartment, drawn up in Thai and English;
Invoices for payment;
Payment receipts.

After registering the apartment with the Land Department, you receive a certificate of ownership - Title Deed.

No, Thai law does not require proof of source of funds.

We provide interest-free installments for the entire construction period for objects under construction. Please contact our managers for terms and conditions for the implementation of finished projects for resale.

There are several ways to resell an apartment in Phuket:
1) Do the selling yourself, placing it on public sites. Suitable if you are in Phuket and are ready to conduct showings.
2) Use the help of real estate agents who will put your apartment up for sale on public sites and through their sales channel.
3) Put the apartment up for sale through the developer's sales department.

The goal of our projects is to make them long-term and easy to manage, taking into account the peculiarities of the local climate and hotel operation. We devote a lot of time to the selection of materials, furniture, using the latest technologies in construction and cooperating only with proven factories. Starting from the construction of a dry basement and ending with the filling of apartments, we use more expensive materials to ensure high-quality construction and a premium look of our objects for decades. Our manager and builders will be happy to tell you about technologies and materials in sales offices or online.

When purchasing a furniture package, you receive an apartment that is completely ready for rent. The furniture package includes all built-in and mobile furniture, appliances, textiles, plumbing, cooking and serving utensils. When purchasing an apartment without a furniture package, a final finish is provided for the acceptance of the building, including final finishing of the premises, closed utility outlets.

Our projects feature apartments of the following types:
· Studio
· 1BD
· 2BD
· 3BD
These layouts are also available with a private or shared pool in limited quantities.

Yes. The warranty on the building structure is 5 years from the date of completion of construction. The warranty on materials and furniture is 2 years.
*Except for cases provided for by the contract and legislation.

Until the object is fully completed, the developer is ready to discuss the desired redevelopment. The building must be constructed in accordance with building codes and permits issued by the relevant authorities, so no significant changes to external areas or structural elements are allowed.

Infrastructure and common facilities include roads and sewerage, lighting, landscaping, swimming pools, terraces, and water and electricity supplies. Services include 24-hour on-site security, garbage collection, cleaning and maintenance of infrastructure and common facilities, and all other services required for the common use or benefit of the owners.

When registering an apartment as property, the following payments must be made:
1) Registration fee for Leasehold or Freehold, paid at the Land Department;
2) One-time sinking fund fee - 500 THB / sq.m. ($15/sq.m.);
3) One-time payment for installation of water and electricity meters - 25,000 THB per apartment;
4) Monthly common area fee - from 50 to 100 THB/sq.m. ($1.4-2.9/sq.m.) per month. The amount of this fee may be periodically revised depending on actual expenses. The annual fee is determined by the total amount of expenses incurred and is proportionally distributed between the sold area of ​​​​the apartments in the condominium;
5) Taxes on ownership and rental income (see the legal issues section);
6) Apartment maintenance - expenses incurred due to the fact of using the apartment. Includes, for example, water, electricity, air conditioning cleaning, appliance repair, plumbing, cleaning, linen change and washing, etc.

Before registering the apartment as your property, additional payments may arise in the form of a transfer fee, depending on the payment method you have chosen. This fee is paid to the bank or transfer partner. Transaction costs for transfers currently range from 1.5 to 3%.

Note: Applicable rates are current and may be subject to change.

The Rental pool rental system implies an equal distribution of rental profits between the owners of all apartments in one pool. Each pool is formed by one type of layout in each object separately. This system allows you to earn regardless of how much and how expensive your particular apartment was rented. Your earnings depend only on the overall occupancy of the object.

Independent short-term renting of our properties is prohibited. This protects apartments of all owners from price dumping, allows maintaining a professional level of management and avoiding conflicts.

Yes, subject to the terms of the rental program. It is necessary to notify the management company of arrival 90 days in advance. Relatives or friends of the owner can stay in the apartment upon agreement with the management company.

The management company undertakes to provide a full range of property management services for individual owners, including preventive maintenance, general repairs, cleaning and other related requests.

The management company provides owners with a full range of property management services, including pest control, routine and preventative maintenance, landscaping, pool cleaning, common area cleaning, maintenance of technical equipment, general repairs and other reasonable requests.

The developer transfers rental income from renting out apartments to the owner's Thai bank card. We help our apartment owners open a bank account based ob the documents on the purchase and registration of the apartment.

Checking the legality of construction and the reliability of the developer includes a request for the following documents:
1) Environmental Certificate (EIA). This document is perhaps the most important of the permits for construction in Thailand. Its presence indicates that the authorized government agency of the Kingdom of Thailand (the Natural Resources and Environmental Policy and Planning Authority) has checked the registration of the Developer's property rights in Thailand for the land plot, checked the design documentation and all construction documentation of the Developer and issued approval for the construction of the facility (EIA), which indicates that the facility will not harm the environment and can be safely built within the time frame specified by the developer.
2) Permit for the construction of the property, which is issued after receiving the Environmental Certificate EIA.
3) Chanot of the land plot (Certificate of Ownership in Thailand), valid at the time of sale of the property to you when purchasing the property both at the excavation stage and during the construction of the building. If you are buying a property that has already been commissioned or you are buying a property on the secondary real estate market, you need to obtain a copy of the Chanot for this property, check the registration of property rights Freehold (full private ownership) or Leasehold (long-term lease).

We provide all the necessary documents to check the legality of the construction at the request of the buyer or agent.

The apartment can be registered in one of 2 ways:
Leasehold – long-term lease for 90 years (30 years with double extension of the lease term);
Freehold – full ownership.
According to the current legislation, persons who are not citizens of Thailand can purchase only 49% of the living space of apartments in the project with full ownership (the so-called foreign quota). At the same time, the remaining part of the area can be purchased on the basis of a long-term lease with the possibility of extension. Later, when selling the apartment to another person in our projects, the term is reset.

Yes, subject to foreign quota availability and for an additional fee (10,000 baht per sq.m. or 700,000 baht per apartment depending on the property).

Property owners in Thailand face 4 types of taxes:
1) One-time taxes when buying/selling property;
2) Property ownership tax;
3) Tax on income from resale of apartment;
4) Taxes on income from rental.

1) One-time taxes when buying/selling property:
- In long-term ownership (Leasehold), the buyer pays for contract registration - 1,1%.
- In full ownership (Freehold), the buyer pays 6,3% of the assessed value of the apartment.

2) Property ownership tax is 0,03% of the contract value of the property, but provided that the property is more expensive than 10 million baht. For example, if your property is worth 10,000,000 baht, then the ownership tax will be only 3,000 baht per year.

3) Tax on income from resale of housing:
In case of sale of property, it is necessary to pay SBT (Specific Business Tax) or Stump Duty, depending on the period of ownership of the property, as well as Income Tax.
If you owned the property for less than 5 years, you will need to pay the Specific Business Tax, which is 3,3% of the value, depending on which value was higher at the time of sale of the property.
If you owned the property for more than 5 years, you only need to pay Stump Duty - 0,5% of the value of the property.

At the time of registration of the purchase and sale transaction with the Land Office, you must pay Income Tax. If you are a taxpayer in Thailand (you have a Tax ID), then the rate of this tax is calculated based on a progressive scale (only the amount exceeding the upper limit of the range is taxed):
0 - 150,000 baht - 0%;
150,000 – 300,000 baht – 5%;
300,001 – 500,000 baht – 10%;
500,001 – 750,000 baht – 15%;
750,001 – 1,000,000 baht — 20%;
1,000,001 – 2,000,001 baht – 25%;
2,000,001 – 4,000,000 baht – 30%;
From 4,000,001 baht — 35%.
If you are not a taxpayer in Thailand (you do not have a Tax ID), then the tax on income from resale will be 15%.

4) Tax on income from renting out real estate.
The rate of this tax also depends on the tax residency status. Depending on this, the tax will be either 15% for non-residents, or will be calculated on a progressive scale for a resident (see the scale above).

It is worth noting that in Thailand there is a Withholding Tax, which is paid in advance. From each income received during the year, the state immediately withholds from 3% to 15%. The rate depends on the field of activity of the taxpayer and on the status.

How taxes are paid:
1. If your property is managed by a hotel operator or a management company, then it pays you rental income withholding income tax. In this case, the company acts as a tax agent and must pay everything for you. The company also has the opportunity to reduce the taxable base, which will reduce the amount of tax.
2. If you manage your property yourself, then you will have to pay income tax yourself. You will need to submit reports in the middle and at the end of the year.

Apartments are flats in a multi-apartment building. Joint ownership of any common property is excluded.

A condominium is a single complex of real estate, including a land plot, a residential building located on it and infrastructure. In this case, residential and commercial premises are owned or leased for a long time, and the common property is in common shared ownership.

A management company is responsible for maintaining the life of the condominium. The costs of managing the common property are divided in accordance with the share of the acquired living space. There are always rules of residence in a condominium, such as separate waste collection or standards for keeping pets.

For citizens of other countries wishing to enter Thailand for tourism purposes, the following entry options are available:
Airport stamp – affixed upon arrival, grants the right to stay in Thailand for 15 to 90 days depending on the country of origin;
Tourist visa – issued outside of Thailand, allows staying in the country for 60 days with a subsequent extension of 30 days.

For citizens of other countries wishing to enter Thailand for a longer period, different types of visas are available:

Student visa – when enrolling in a registered educational institution in Thailand;
Business visa – for managers or employees of companies;
Retirement visa – for individuals aged 50 and over who meet financial requirements;
Guardian visa – issued to one of the parents of a child studying in a registered educational institution in Thailand;
Marriage Visa - for foreign nationals marrying a Thai citizen;
Thai Elite Visa - issued for a period of 5 to 15 years under a government program that also provides other privileges.

Thailand is seeking to support the growing demand for long-term stays by foreigners. For example, conditions are currently being developed for digital nomad visas, highly skilled professionals, etc.