Hello and welcome back to PropertyScout! Today, we're going to explore another one of AP Thai's luxury project on the thriving market side. This condo makes you feel like you're living in a garden, with over 5 rai of green space within the project. It's close to numerous amenities, making it a place you wouldn't want to miss. That can be none other than Life Sathorn Sierra!

Location

Discover Life Sathorn Sierra, a condominium nestled in the dynamic Talad Phlu area—a central hub for Sathorn's bustling professionals. Revel in unparalleled convenience with renowned dining options at Talad Phlu Market, exclusive shopping at The Mall Thapra, and a host of amenities. Noteworthy is the project's proximity to essential facilities, including hospitals.

With its strategic location just 150 meters from BTS Talad Phlu and Ratchaphruek BRT station, transportation is effortless. Seamless access to Sathorn facilitates easy city exploration or connection to the golden MRT line. Life Sathorn Sierra stands as a testament to unparalleled convenience for both daily living and commuting.

Accessibility

By Car

You can conveniently access this project via the Krung Thonburi road on the Phra Nakhon area, proceeding all the way to the Ratchapruek road. You also have the option of using the Charoen Krung road.

Public Transportation

• BTS: Approximately 150m away from the Talad Phlu station.
• BRT: 150m away from the Ratchapruek station.
• Taxis and Motorcyles: You can use a driver pickup request service from apps such as Line Man or GRAB.

Amenities

Shopping & Market

First One Market, Wat Klang Market, The Wealthy Rabbit Market, Tha Phra Open Air Market, The Mall Lifestyle Thapra, Wat Krachap Phinit Night Market

Restaurants & Cafes

สุกี้นินจา ท่าพระ-ตลาดพลู, เล็กหงษ์ ข้าวต้มปลา ตลาดพลู, ตุ้ย หมูกระทะ-หมูจุ่ม ตลาดพลู, LYNX Coffee, ก๋วยเตี๋ยวเรือ ตาเด็จ, ลี้ป๋อเง็ก กุยช่ายตลาดพลู, ร้านกระเพาะปลาขันโค้ก สถานีรถไฟตลาดพลู, แปดสิบแปด ออนซ์, LYNX, Ourlog.bkk, แก้วข้าวมันไก่, บ้านโรตี ตลาดพลู, หมี่กรอบจีนหลี (เต็กเฮง), Banh Mi Nem, Duchess Coffee, ร้านบ้านตำอร่อย (Baan tum aroy), Dcup54, Jann Coffee, ความสุก well-done of happiness, ณ ตลาดพลู RESTAURANT, นิ-อ่าง น้ำแข็งไส ไอศครีม, ฉอเล้ง หมี่กระเฉด ตลาดพลู, กุยช่ายสะพานหัน สาขาตลาดพลู, Kim Eng, กุยช่าย แป้นศรี ตลาดพลู, ยิ้ม ยิ้ม สเต๊ก, ร้าน ข้าวมันไก่ริมทางรถไฟ

Bars & Pubs

สหายบาร์ ตลาดพลู Sahay Bar, Black Beach (Grab&Chill Bar), MOON at Firstone ​Night Market​

Schools

Kanta Thararam School, Kong Lee Chong Son School, Mani Witthaya School, Wat Krachap Phinit, Wat Intharam School

Temples

Wat Kantathraram, Wat Bang Sakae Nok, Wat Ratchakhrue Worawihan, Wat Chantharam Worawihan (Wat Klang Talat Phlu), Wat Krachap Phinit

Hospitals

Somdech Phra Pinklao Hospital, Samitivej Thonburi Hospital, Ratchada-Thaphra Hospital

Fitness

S. T. Badminton Court, Fitness First – The Mall Thapra

Other

Metropolitan Electricity Authority Substation Mahai Sawan, Bangkok Yai District Office

Project Details

Discover Life Sathorn Sierra, a condominium project nestled in the vibrant Talad Phlu area, offering a residence brimming with abundant conveniences. Developed by AP Thai, a prominent real estate player known for a diverse range of properties. From single houses to townhomes, this project is truly captivating.

Under the esteemed Life brand, this condominium prioritizes comfort, embodying the renowned Life concept. However, Life Sathorn Sierra places a special emphasis on travel convenience, strategically located near multiple public transportation options. The project boasts numerous amenities, creating an ideal living environment.

Inspired by nature, the project follows the idea of "Nature Inspired Life Blend," featuring extensive green spaces spanning 5 rai across 5 levels. From the ground floor to the rooftop, residents can immerse themselves in nature, relishing morning tranquility and breathtaking 360-degree views. Life Sathorn Sierra assures a serene, spacious, and comfortable living experience.

The project features one 40-storey high-rise building all within 8-1-5.7 rai of plot area. There are 1,971 residential units and two additional units dedicated to stores, making a total of 1,973 units. The following are the four types of residential units:

• 1-Bedroom: 28 sqm.
• 1-Bedroom: 32 sqm.
• 1-Bedroom Plus: 35 sqm.
• 2-Bedroom: 57.50 sqm.

Facilities

• Welcome Foyer

Inspired by the sea, the lobby design features sinuous curves that mimic underwater waves. Drawing colors and shapes from lively coral reefs, schools of darting and swirling fish, and the undulating branches of coastal forests, the lobby creates a captivating interplay of dimensions and shadows.

• 5 Rai Garden

Upon reaching the highlighted feature, the expansive garden at the rear spans more than 5 rai, thoughtfully designed for versatile use. It encompasses a football field, running track, and an Outdoor Terrace for relaxation. Furthermore, a scenic walkway has been artfully crafted, offering a delightful stroll with the option to head directly to the swimming pool.

• Swimming Pool

As previously mentioned, the swimming pool seamlessly integrates with the rear garden, offering effortless access. In this space, you'll discover an impressively long swimming pool, spanning over 25 meters. Whether you seek a place for exercise or relaxation, this pool caters to both needs. Its expansive length is ideal for those desiring a workout, and for those in search of relaxation, we offer a Sunken Deck.

Within the pool area, various sections cater to diverse activities, including a Kid’s Pool, Jacuzzi, and Scenic Deck, ensuring abundant options for everyone's enjoyment.

• Scenic Deck

In this area, an extended portion of the swimming pool is designed to form cascading seating areas. This layout offers picturesque views of the beautiful garden at the back, creating a tranquil spot for relaxation and serenity.

• Kids Pool

The children's pool here is designed as a separate yet not entirely segregated area. This enables parents to swim in the main pool while keeping a watchful eye on their kids. With a gradual depth, the children's pool offers abundant space for the little ones to play and enjoy.

• Co-Living Space

Immersed in a tranquil atmosphere with views of the lush greenery and swimming pool, the interior is crafted under the Foresta concept, forming a visually and mentally soothing space for complete relaxation. The interior design also accentuates luxury, offering a variety of workspaces to choose from.

• Social Lounge

Here we have a a roomy relaxation lounge, designed to suit various lifestyles. Overlooking the swimming pool and the lush garden, it provides a private ambiance with glass partitions conducive to meetings and gatherings.

• Professional Gym

Indulge in a workout session in the spacious gym, equipped with international standards. Surrounded by large glass panels, it welcomes natural light and offers a view of the swimming pool. The gym is segmented into four zones: weightlifting, muscle stretching, cardio, and a studio for various exercises. Additionally, there are two separate rooms for cycling workouts.

• The Sky Forest

The sky garden and central area span 1,600 square meters on the project's top floor, offering panoramic views of the cityscape from its impressive 40-story height. Internally, the design features the Aurora color scheme, mimicking the light reflecting on the mountains. The outdoor space is enhanced with meticulously arranged trees, crafting a lush and tranquil environment.

List of Facilities

1st Floor

• Welcome Foyer
• Waiting Lounge
• Outdoor Terrace
• Playground
• Half Football Court
• Half Basketball Court
• Jogging Track

5th Floor

• Garden
• Hiking Trail
• Private Cave
• Swimming Pool
• Scenic Pool
• Kids Pool
• Pool Pavillion
• Suana
• Stream
• Jacuzzi
• Co-Working Space
• Private Meeting Room
• Multi Leisure Room
• Co-Living Space
• Social Lounge
• Gym
• Private Gym
  • Group virtual bike
  • Personal virtual bike
  • Group traning
  • Personal traning

40th Floor

• Sky Facilities
  • Co-Working Space
  • Co-Living Space
  • Outdoor Garden
  • Courtyard
• Panoramic Sunken Lounge

Parking Capacity

Life Sathorn Sierra features in-building parking, allowing for a maximum parking capacity of around 768 cars.

*No info on whether this includes double-parking or not.

Highlights

• Over 5 rai of green space.
• Close to various amenities.

Floor Plans

• Garden Floor

Here is the layout of the extensive garden floor. Here, you can see that the garden area comprises nearly 50% of the entire project space.

• 1st floor

The first floor is allocated for parking, complemented by a tranquil garden at the back, creating an ideal space for relaxation.

• 3rd floor

And we see parking spaces once again with the third floor. Additionally, outside, there's a garden accessible by walking up from the first floor.

• 5th Floor

Upon reaching the fifth floor, you'll find an extended swimming pool that runs the entire length of the accommodation building. Residential units commence from the 5th floor, with over 10 units per floor at this level.

• 40th floor

Ascending to the 40th floor, you'll find The Sky Forest—an elevated garden not only adorned with greenery but also boasting a lounge for a serene and relaxed ambiance.

Residential Unit Plans

Unit types

1 Bedroom (S)

Unit Plan

Type A1-02 – 28 sqm.

First up is the 28 sq.m., one-bedroom unit of size S, specifically Type A1-02.

Upon entering, you'll encounter the kitchen area with a counter, sink, and electric stove. Sliding doors on both sides lead to the laundry room and bathroom on one side, and to the bedroom on the other.

The bedroom provides ample living space, accommodating a work desk. Additionally, there is a balcony for added convenience.

Other 1-BR unit plans

1 Bedroom (M)

Unit Plan

Type B1-08 – 32 sqm.

And we see the 1-bedroom unit once again. Only this time, it comes in slightly bigger at 32 square meters in size.

Upon entering this room, you'll discover it serves as a guest room rather than a kitchen. To the right, you'll find the kitchen adjacent to the bathroom.

As for the bedroom, it features a partition between the sleeping area and the dressing space, with sliding doors providing separation.

Other 1-BR (M) unit plans

1 Bedroom Plus

Unit Plan

Type D1-30 – 35 sqm.

Up next, we have the 35-square meter 1-Bedroom PLUS unit.

As you step into the room, you'll find a kitchen area with a counter, accompanied by the bathroom. Progressing through sliding doors leads to a guest room situated towards the back. This adaptable space can be transformed to suit different room configurations, with the innermost section designated as the bedroom.

Other 1-BR PLUS unit plans

2 Bedroom

Unit Plan

Type F1-23 – 57.50 sqm.

And last but not least we have the 57.50-square meter 2 Bedroom unit.

Upon entry, you'll find a spacious living area on the left, adjacent to the laundry room. This room is generously sized, offering the possibility of being divided into two sections. Further inside, on the left, is a shared bathroom, and on the right, you'll discover the kitchen with sliding doors.

Inside, there are two bedrooms—the smaller one on the left and the larger one on the right, featuring an en-suite bathroom. This layout provides plenty of space for bed placement and a work desk.

Other 2 BR Unit Plans

Price (as of July 2023)

Sales Price

• Average starting price: 88,928.57 baht/sqm.*
• Starting price: 2.49M baht.*

Common Area Fees and Sinking Funds

• Common Area Fee: 120 baht/sqm.
• Sinking Fund: n/a baht/sqm.

**Please be aware that the mentioned prices were accurate at the time of gathering up information for this review, actual prices may vary since.

Final Verdict

Life Sathorn Sierra, a condominium project situated in the vibrant Talad Phlu area, is surrounded by numerous conveniences, especially delightful dining options within the Talad Phlu market. Adjacent to the well-known market on the Thonburi side, it's also in proximity to amenities such as The Mall Tha Phra and hospitals. Moreover, it offers easy access, being only approximately 150 meters away from the Talad Phlu BTS and Ratchaphruek BRT stations.

The project places a strong emphasis on green spaces, covering over 5 acres from the ground floor to the rooftop. Additionally, the facilities are meticulously designed to cater to various lifestyles, providing a perfect retreat for those seeking relaxation after a tiring day at work.

Indulge in a naturalistic living experience surrounded by a multitude of amenities at Life Sathorn Sierra. Click the links below!

Looking for other properties nearby BTS Talad Phlu station? Get in touch with us today!

If you've ever dreamed of waking up to the sound of waves and blue horizons, Hua Hin might be your slice of paradise. Hua Hin, a popular destination in Thailand, offers several beautiful beaches with stunning sea views. If you're looking for beachfront place a place to live, here are some top seaside spots in Hua Hin to consider.

Khao Takiab Beach

Khao Takiab Beach, also known as Monkey Mountain Beach, is a beautiful beach located in Hua Hin. It is a popular beach destination situated on the Gulf of Thailand, and Khao Takiab is easily accessible from the town. This appealing beach is a popular destination for both locals and tourists.

The beach is less crowded than Hua Hin beach, and is known for its natural beauty, with a picturesque setting against the backdrop of Khao Takiab (Monkey Mountain - named after the troops of monkeys that inhabit the area). The hilltop temple, Wat Khao Takiab, is easily recognisable, with a Golden Buddha statue standing at a whopping 20m tall.

Our Listing

Khao Tao Beach

While smaller than some other beaches, Khao Tao Beach's secluded location is a preferred option for those seeking a quieter and more serene ambience. The beach is known for its relaxed atmosphere compared to other central beaches near the town.

Despite the fact that Khao Tao Beach is not as developed as some of the more touristy beaches in Hua Hin, you can still find some beachfront restaurants, superior swimming spots and many water sports activities.

The beach is about 10 km South of Hua Hin, and has a towering Buddha image facing out to the sea, serving as the landmark.

Our Listing

Suan Son Pradipat Beach

Suan Son Pradipat in Hua Hin is a long and nice beach with powdery sand and lush forestation of oak pine trees that provide shaded areas in front of the sea. . Because it is located inside a military zone supervised by the Royal Thai Army, the beach is peaceful, serene and less crowded than other central beaches in the area.

The beach offers convenient facilities such an ample parking area, toilets, a coffee shop, restaurant and an open food court. It is very popular on the weekends with locals and tourists alike. The water is clean and is known to be a great place for relaxation and swimming.

However, due to its locations, water sports such as Banana Boats and Jet Skiing are not allowed creating a quiet and relaxed environment.

Our Listing

Got a property to list? List with us for free!

Final Verdict

Before you bid farewell to Hua Hin, savor the memories of the beaches and sea views that shaped your stay. Whether you lounged in a beachfront villa or a seaside resort, this coastal gem has left a mark on your heart.

With its shores and horizons, Hua Hin remains a timeless destination where nature meets hospitality. So, until we meet again amidst the whispers of the sea, keep the salty breeze and the sun-kissed memories close to your soul.

PropertyScout has a wide selection of properties in Hua Hin and the rest of Thailand. Get in touch with us today.

Hello and welcome back to PropertyScout! Today we will show you The Monument Thong Lo, an exquisite property located in the prestigious Thong Lo area. What makes this project special is it's a pet-friendly project. This feature is quite rare in the Thong Lo area, which is known for its high property prices per square meter. Now, let's delve in!

Location

The Monument Thong Lo, as the name suggests, is a condo project excellently located in Thonglor area. Here, you will have access to a multitude of amenities ranging from restaurants, stores, lifestyle hubs, and many more. All of this makes Sukhumvit soi 55 full of hustle and bustle as the soi that never sleeps. Due to its location further back in soi 55, the project offers you greater peacefulness and privacy in comparison to living closer to the opening of the soi.

You can access this project via the Phetchaburi or Sukhumvit road, as the Thonglor soi connects these two roads together. You can also access Ekkamai and Phrom Phong from here.

Accessibility

By Car

As stated above, you have the option of taking either the Sukhumvit road or the Phetchaburi road. We recommend, though, that Phetchaburi road is the easier route to take due to its closer proximity. It's also a good idea to exercise caution when turning, as this project is located near the bridge connecting Thonglor road to Phetchaburi road.

Public Transportation

• BTS: Approximately 1.6m away from BTS Thonglor station.
• Taxis and Motorcycles: You can use a driver pickup request service from apps such as Line Man or GRAB.

Amenities

Shopping & Market

theCOMMONS, J Avenue Thonglor, Foodland Supermarket, ตลาดเอกมัย

Restaurants and Cafes

The Cavalry Thonglor, Phuketique Bangkok, Aroi Sushi, Shabu Ku, Than Ong Noodle, Branch 1″, New Petchburi Road, Boat Noodle Por. Fish, Kai Chef House, ABK Spice kitchen Indian restaurant, Mandarin Roast Duck, ร้านอาหาร ไท่ เหอ ซวน, ชีสเค้กเฮ้าส์, หน่องริมคลอง, หนองคายจิ้มจุ่ม เนื้อย่างเกาหลี, Café Craft by CHANINTR, S&P สาขาทองหล่อ, Tiny Cup Cafe, Shamo Sumibi Yakitori, Kenji’s Lab, Hyotan Kappo, Flat+White cafe, Tasty Congee & Noodle Wantun Shop @ Thonglor, NICO NICO – Café & Brunch Place, ร้านอาหารไทย ภัทรา, SEA Bangkok, Honmono, TESSA HOMEMADE CUISINE, Miyabi Kappo, Pacamara, ก๋วยเตี๋ยวเนื้อเบรคแตก, WWA Chooseless cafe, La Tana, Tuba, Nojiya Yuushi, 곱창집 Gopchang House, Khao Jao, ร้านอาหารไทย ภัทรา, MACHA, อ.พิศดาร ข้าวต้มโต้รุ่ง, Coffman Coffee, Proud Fah Italian Ekkamai Branch, Kingkong Yakiniku Buffet, Beyond Bread Ekkamai, Mongkok Sukiyaki Ekkamai, Yellow Spoon Pastry (Ekkamai Flagship Store), Aoringo Japanese Curry

Pubs and Bars

Bar Marco, 12 × 12, 23 HAUS Bar&Restaurant – ทองหล่อ, Bluebird Jazz Bar, TERRA Liberty, GOOMBAH – The Bar, NAMBA Bar Ekkamai, Bar scofflaws

Schools

Wat Pasee School, Little Maple Nursery, SP International Kindergarten, Thonglor Greenfield Nursery, Donwittaya School 

Churches and Temples

ICA Church Bangkok (International Christian Assembly), Wat Pasee, Zhohirul Islam Mosque

Hospitals

Namarak Hospital, Camillian Hospital, The Tooth Club

Public Parks

Somdet Saranrat Maneerom Public Park

Gym & Fitness

Drive & Swing Golf Academy, J space

Police

Thonglor Police Station

Office Building

Charn Issara Tower 2, S. S. P. Tower 1 Building

Art Gallery

INKHONG ART SPACE

Event Spaces

M-Theatre, GameHaus Boardgame Cafe

Other

St Gabriel’s Foundation of Thailand, The Consulate of the Republic of Belarus to the Kingdom of Thailand, The Goverment Lottery Printing Office

Project Details

The Monument Thong Lo is a luxurious condominium project from renowned developer Sansiri, who you may recognize from various well-known projects. This project offers various styles and prices to suit different lifestyles.

The design of this project takes after mountains and nature. This can be seen its unique interweaving patterns throughout. Also, the project pays attention to every minute detail of the design. Each part of the building has different concepts to match various lifestyles.

As for the facilities, the spaciousness creates a welcoming atmosphere, akin to a living room, with the second floor space serving as an extension of the area.

The residential units start with two-bedroom layouts, with each space designed to accommodate various functions and activities of daily life. There are two types of rooms to choose from: one with a balcony connected to the living room and one with a kitchen featuring a central counter.

The three-bedroom units offer a sense of privacy you'd expect from staying at home. Upon entry, you'll encounter a spacious central foyer that can be transformed into a semi-outdoor area, allowing for natural ventilation and connections to various spaces, creating a homely atmosphere. Additionally, the bedrooms are also connected to the large central foyer, enabling natural air intake.

The penthouse provides a special experience with its expansive views stretching across the Bangkok skyline. You can enjoy this experience from one of the three penthouse rooms, which include a living area spanning 600 square meters and a ceiling height of 5 meters.

The project features one 45-storey high rise building within 2-2-45 rai of plot area and consists of 127 units. The following are the five unit types available:

• 2 Bedroom
  • 124 sqm.
• 3 Bedroom
  • 252.25 sqm.
• Penthouse
  • 508.75 sqm.
• Penthouse with swimming pool
  • 520.75 sqm.
• Penthouse Duplex
  • 662 sqm.

Facilities

• Lobby

The lobby makes a striking first impression with its bright color palette and marbled patterns along with a color-contrasting assortment of furniture.

• Multipurpose Room

Onto the second floor, here we have the multipurpose room. This room is very spacious and is near the swimming pool. You can use this multipurpose room as a lounge or a living area.

• Swimming Pool

The swimming pool, with its iconic design inspired by large trees, measures 28m in length and 9.5m in width. The pool uses "White Cloud" flooring with its color scheme reflecting that of clouds, contrasting beautifully with the blue of the swimming pool as well as the green of the plants.

• Garden and Playground

The 1,000 square meter garden is designed to simulate the traditional large houses of the past, with a front garden for receiving guests and a back garden as a private space. The back garden is adorned with a jasmine tree that has been there for over 50 years, providing shade for the kids playing there.

• Gym

The gym is on the first floor, featuring a wide array of fitness equipment.

Other Facilities:

• Yoga Room
• Children’s Playroom

Parking Capacity

The Monument Thong Lo features six underground parking floors, allowing for a total parking capacity of 244 cars.

**Not including double-parking.

Highlights

• This condo project is PET-FRIENDLY.
• Maximum privacy despite its location in Thonglor. This is due to its location further back in Sukhumvit soi 55.

Floor Plans

• 1st floor

On the first floor, as you enter, you'll encounter a pathway leading you to the front garden area of the project. Once inside, at the Drop-Off area, you'll find a spacious lobby and other facilities. If you go to the back of the building, you'll come across another garden area.

• 2nd floor

The second floor is where you'll find the working spaces, lounge, and a large swimming pool. This pool also extends past the building itself.

• 3rd-27th floor

The two-bedroom residential units are on the 3rd to the 27th floor. Inside, there will be a total of 4 units per floor, all of which share the same layout.

• 29th-40th floor

The 29th floor to the 40th floor are all dedicated to three-bedroom units, and there will only be two units.

• 41st floor

This floor is home to the spacious penthouse unit, offering a sense of tranquility and serenity.

Unit Types

2 Bedroom

Unit Plan

Type 2A – 124.25 sqm.



The first type of unit is the 2-bedroom unit, coming in at 124.25 square meters. Although they share the same size, each room has three different layouts.

Upon entering the room, you'll encounter the Foyer first. This area is quite spacious, intended for storing shoes or as a small welcoming area before entering the living room. There will be a seat adjacent to the Pantry Area, equipped with a dining table for four, a counter, and a balcony. There will also be an exit door nearby.

Both bedrooms will be on the left side. They consist of a smaller bedroom and a Master Bedroom. Before reaching the bedrooms, let's take a look at the bathrooms first. The front side will be the location of the guest bathroom, ensuring privacy for both residents and guests. The smaller bedroom also includes an attached bathroom. The larger master bedroom also includes a bathtub within its attached bathroom.

Other unit plans





3 Bedroom

Unit Plan

Type 3A – 252.25 sqm.



Next up we have the 3-Bedroom unit, coming in at a whopping 252.25 square meters.

Upon entering the unit, you will notice its large amounts of space. The private entrance will have two paths. The first of which will be the entrance to the maid's quarters. Inside, you'll find the maid's room on the left and the utility room in front. Once you exit this area, you'll come across the kitchen area.

As for the main entrance, stepping out of the elevator, you'll immediately encounter the Foyer and the balcony area. This balcony area will serve as a leisure corner, accessible from multiple directions. Turning right, you'll enter the large Living Area. This area is so spacious that you can also use it as a dining area.

All three bedrooms share the same area. Starting with the two smaller bedrooms, both will have attached bathrooms, albeit different sizes. The Master Bedroom is the largest, and its bathroom has a bathtub.

Other unit plans



Penthouse



Unit Plan

Type PH1 – 508.75 sqm.



And last but not least is the Penthouse unit, coming in at an astounding 508.75 square meters in size.

Upon exiting the elevator, you'll find the two entry points. The interior is incredibly spacious, with up to four bedrooms and four bathrooms.

Other unit plans







Price (as of October 2023)

Sales Price

• Average starting price: 241,448.69 baht/sqm.*
• Starting price: 30M baht.*

Common Area Fees and Sinking Funds

• Common Area Fee: 90 baht/sqm.
• Sinking Fund: 850 baht/sqm.

**Please be aware that the mentioned prices were accurate at the time of gathering up information for this review, actual prices may vary since.

Final Verdict

The Monument Thong Lo, a pet-friendly condominium project in the Thong Lo area, is packed with numerous conveniences. It's close to restaurants and shops, and you can easily access both Thong Lo and Ekamai. If you ever want to get up and travel, you can easily use the Petchaburi and Sukhumvit Road.

This project is perfect for families, with the two-bedroom units coming in at over 100 square meters in size. The divisions within the units are also clear and distinct. What's more, each room is fully-fitted, allowing you to design your space as you would like.

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Interested in buying or renting at The Monument Thong Lo? Click the links below!

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In Bangkok, education continues to thrive amidst a rich cultural tapestry. From campuses to dynamic learning, Bangkok's academic landscape blends tradition and dynamism. Join us as we uncover universities where academic excellence meets Thai culture!

Chulalongkorn University

Established back in 1917, Chulalongkorn University is Thailand's first institution of higher learning. CU seeks to empower students with research skills and the preservation of art, culture, and values. The university is located in the Pathumwan district of Bangkok, allowing access to a wide array of amenities. These include the BTS Siam station, Siam Paragon, Siam Square One, Siam Discovery, MBK Center, and Central World.

Address

254 Phaya Thai Rd, Wang Mai, Pathum Wan, Bangkok 10330

Tuition Fees

Contact

Tel: 02 215 3555

Email: int.off@chula.ac.th

Properties nearby Chulalongkorn University

Kasetsart University

Founded in 1943, Kasetsart University was Thailand's first agricultural science university. Since then, the university expanded its subject areas to sciences, arts, social sciences, humanities, engineering, and architecture. Today, Kasetsart University consistently ranks among the top 5 universities in Thailand as well as securing top positions of Southeast Asia University rankings.

Address

50 Ngam Wong Wan Rd, Lat Yao Chatuchak Bangkok 10900 

Tuition Fees

Contact

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Srinakharinwirot University

Srinakarinwirot University was established in 1949 and was the first upper-educational institution solely dedicated to teacher training. SWU is one of the leading research & learning organizations based on virtue and education oriented to international innovation and creativity. The name Srinakarinwirot comes from Princess Srinagarindra, named in honor of King Bhumibol Adulyadej's mother.

Address

114 Sukhumvit 23, Bangkok 10110, Thailand

Tuition Fees

Contact

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Thammasat University

Founded in 1934, Thammasat University is the second oldest leading comprehensive university in Thailand. From the mid-80's, TU has expanded its curriculum to science, and technology, and health in hopes of further contributing to society. Outside of teaching, TU is an internationally renowned university emphasizing in research and innovation.

Address

2 Phra Chan Alley, Phra Borom Maha Ratchawang, Phra Nakhon, Bangkok 10200

Tuition Fees

International Students: 82,000 THB / student / semester (approximately $2,700 USD) on average

Contact

Tel: 02 613 3333

Properties near Thammasat University

Bangkok University

The Rangsit campus, the main campus of Bangkok University, is in the Klong Luang district of Pathum Thani province. Since its founding in 1962, Bangkok University is one of the oldest and largest private non-profit universities in Thailand. The Rangsit campus of Bangkok University is also approximately 14 kilometers north of the Don Mueng International Airport.

Address

9/1 Moo 5 Phaholyothin Road, Klong Nueng, Klong Luang, Pathumthani 12120

Tuition Fees

Contact

Tel: 02 407 3888

Email:

info@bu.ac.th (General enquiries)

inter.admission@bu.ac.th (Admissions)

Properties near Bangkok University

Stamford International University

The Rama 9 campus of Stamford International University is conveniently located on Bangkok's Rama 9 road, allowing access to the Airport Rail Link (ARL) Hua Mak station. This campus offers International and Bilingual Bachelor's degree program, with the building boasting facilities tailored specifically to a variety of programs. Examples include a mock hotel room and front desk for hotel management program or studio facilities for communication arts.

Address (Rama 9 campus)

16, Motorway Road – Km2, Prawet, Bangkok 10250 Thailand.

Tuition Fees

Contact

Tel: 02 769 4000

Email: international@stamford.edu

Properties near Stamford International University (Rama 9 campus)

Sripatum University

Sripatum University is one of Bangkok's oldest private universities. The university was founded back in 1970 under the name of Thai Suriya College before its promotion to university status by the Ministry of University Affairs and its subsequent renaming to Sripatum University. The name Sripatum means "Source of Knowledge Blooming Like a Lotus", conferred by the Princess Mother Srinagarindra.

Address

2410/2 Phahon Yothin Rd, Sena Nikhom, Chatuchak, Bangkok 10900

Tuition Fees

Contact

Tel: 02 558 6888

Email: admissions@spu.ac.th

Properties near Sripatum University

Assumption University

Established back in 1969, Assumption University is a private Catholic university in Bangkok. The university was led by the Brothers of St. Gabriel. Assumption University is known for its diverse culture when it comes to foreign students. These include students from countries such as Russia, China, Kazakhstan, Bhutan, Bangladesh, Pakistan, Nepal and other Asian countries.

Address

Hua Mak Campus- 592/3 Ramkhamhaeng 24, HuaMak, Bangkapi Bangkok 10240 Thailand

Suvarnabhumi Campus- 88 Moo 8 Bang Na-Trad Km. 26 Bangsaothong Samuthprakarn 10540 Thailand

Tuition Fees

Contact

Properties near Assumption University

Huamak Campus

Suvarnabhumi Campus

Siam University

Siam University, founded in 1965, is a university located on the Phet Kasem road in Phasi Charoen district of Bangkok. Formerly known as Siam Technical College in 1973, the university was established as a higher educational institution authorized for granting degrees. In 1986, it then became Siam Technical University, a private non-profit university before officially becoming Siam University three years later.

Address

38 Phet Kasem Rd, Bang Wa, Phasi Charoen, Bangkok 10160

Tuition Fees

Contact

Tel: 02 867 8088, 02 457 0068

Email: siam1@siam.edu

Properties near Siam University

King Mongkut's Institute of Technology Ladkrabang

King Mongkut's Institute of Technology Ladkrabang (KMITL) is a research and educational institution located in Ladkrabang district of Bangkok. KMITL is located approximately 30km east of the city center and consists of nine faculties. These faculties include engineering, architecture, science, industrial education & technology, agricultural technology, informational technology, food industry, liberal arts, and medicine.

Address

1 Chalong Krung, 1 Alley, Lat Krabang, Bangkok 10520

Contact

02 723 4900

Email: saraban@kmitl.ac.th

Properties near KMITL

Final Verdict

We hope this blog post was helpful in choosing from the best universities in Bangkok. May your educational journey be that of inspiration, knowledge, and endless possibilities. Last but not least, we wish the best of luck to all students, old and new, in their pursuit of higher education!

Have easier access to college, school, or work than ever. From starting fresh to upgrades, get in touch with us today to begin your next move!

In Bangkok, where culture meets modern infrastructure, lies a hidden secret: BTS stations. These train stops may seem ordinary but hold remarkable sway over condo prices and rents. This blog post will uncover how BTS stations can impact the housing market. It's a captivating story of urban development and investment opportunities. So, come along as we explore the world of BTS stations and their impact on Thai condo prices and rents.

Introduction to the BTS Skytrain

The BTS (Bangkok Transit System) Skytrain is an elevated mass transit system that helps people get around in Bangkok. It links different parts of the city and can connect with the MRT (Metropolitan Rapid Transit) and ARL (Airport Rail Link) systems.

Condos near BTS Skytrain stations offer you the best of both worlds. This includes convenient transportation and easy access throughout the city. This eliminates you of traffic congestion concerns, but also saves you time and money.

BTS & Real Estate

Properties near BTS stations saw a marked increase in price, some increasing by 500%. While price growth remained steady, BTS-adjacent properties continue to command premium prices. This is due to the convenience and accessibility offered. BTS-adjacent rental prices also remained higher in comparison to other areas. This reflects the equal demand for living near effective transportation. As a result, the BTS Skytrain has since attracted both Thais and foreigners alike. In particular are foreign investors who recognize the potential for BTS-adjacent properties.

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Factors influencing the Demand for BTS-adjacent Properties

The Bangkok Real Estate Market saw a growth in preferences for high-rise condos near the BTS Skytrain stations, which could stem from many factors such as:

1. Scarcity of land in prime locations near BTS stations makes developers maximize vertical space by building high-rise buildings.
2. The growing urban density and population in Bangkok makes high-rise condos an efficient solution to the rising housing demand.
3. BTS station-adjacent high-rise developments offer a variety of amenities ranging from the gym to swimming pools, enhancing residents' life quality.
4. The proximity to BTS stations allow easy access to transportation, meeting the needs of individuals who seek hassle-free urban living.

Some may prefer low-rise projects, but the demand for BTS station-adjacent high-rise projects remain high due to its blend of urban living, amenities, and connectivity. This trend of high demand for high-rise projects by the BTS station reflects how buyers tend to lean more towards high-rise projects near BTS stations.

Final Verdict

In the vibrant mosaic of Bangkok, we've unraveled how BTS stations hold the keys to condo prices and rents. They're not only train stops; they're gateways to convenience and opportunity. As we conclude this journey, remember that the city's skyline isn't only a view. It's a reflection of urban development driven by connectivity. Whether you're a buyer or investor, understanding the impact of BTS stations on real estate is key.

Have easier access to your workplace or your child's school than ever with BTS, MRT, or ARL-adjacent properties. Get in touch with us today to begin your next move!

Welcome to an exciting journey into the heart of Thailand's property market! Whether you're a homeowner, an investor, or you're curious, this blog post is your key to understanding the Thai property market.

Buckle up as we take a tour of Thailand's property market, where the past, present, and future converge.

Real Estate Trends in Thailand for 2023

Thailand's real estate industry is one of the most important sectors in the country. Forecasts suggest the market will grow in the next five years.

Residential Real Estate Market

Overview

The demand for residential properties in Thailand continues to grow. Urban areas, in particular, are in demand.

Factors such as lower interest rates, economic growth, and increased urbanization, contribute to the development of the residential property market.

Market Trends

Fluctuating prices and inventory levels vary. Often depending on location and property type. Bangkok and other major cities may experience high demand for condos. But rural areas also have seen increased demand for single-family homes.

The COVID-19 Pandemic also influenced consumers' preferences. As a result of COVID, more people prefer larger homes with outdoor spaces.

Key Factors

Factors that impact 2023's residential property market in Thailand include demographics, urbanization, and government policies. For example, the aging population has led to an increased demand for retirement homes. Government policy also affects demand. When government policy pushes for more affordable housing, there are more buyers in the market.

In the first quarter of 2023, the demand for condos in Bangkok reached over 3,000 units. During that same period, most of the new Bangkok condo supply was in Bangkok's suburbs.

Commercial Real Estate Market

Overview

Thailand's commercial real estate market remained stable. With steady demand and supply for the last couple of years. The market consists of many segments such as office, retail, and industrial space.

Market Trends

Commercial real estate space demand in 2023 could remain strong. For offices and retail space in particular. While vacancy rates have remained low, rental rates have risen over the past few years. This is the case in prime locations such as Bangkok.

The demand for office rentals will strengthen throughout 2023-2025 with the economic recovery. As companies gain more staff, their need for office space will also increase.

Key Factors

The growth of e-commerce and changes in consumer behavior could continue to impact 2023's commercial real estate market. Retailers could prioritize creating experiential shopping experiences to attract customers. This could lead to an increased demand when it comes to retail space. Government policies seeking to promote foreign investment and economic growth could lead to an increase in office and industrial space demand.

As of March 2023, there were seven major office buildings in the works, with over 500 square meters of usable area in BMR (Below Market Rate) and five upcoming projects in 2024.

What we could see in 2024

Next year, a shift is on the horizon in Thailand's property development landscape. This shift is an increasing emphasis on sustainability.

Sena Development, a prominent property developer, seeks to build "Zero Energy" houses in alignment with Thailand's eco-conscious direction. These innovative homes will harness the power of solar cells to generate clean and renewable energy. Ultimately resulting in a significant reduction in greenhouse gas emissions.

In response to the surging popularity of electric vehicles (EVs) developers are also making strides by adding more EV chargers to their projects. 

This proactive approach not only caters to the needs of the expanding EV user base. It also makes a contribution to the collective effort to reduce greenhouse gas emissions.

Final Verdict

The Thai property market is evolving, and the future looks exciting. As we head into 2024, it's clear that sustainability will take center stage. Solar cells and EV chargers signify a commitment to a greener, more sustainable future. So, whether you're planning to buy your dream home or explore investment opportunities, keep an eye on these trends. As they promise a more environmentally conscious and vibrant Thai property market.

Begin your next move with us at PropertyScout today! Our dedicated team will be happy to help you should you have any further questions.

Many homebuyers may not know what a "Juristic Person" does. You may have heard they collect common area fees for amenities and services. But, you may not know who these juristic persons are. Are juristic persons in housing estates and condominiums the same? And what are their responsibilities beyond collecting fees? To answer these questions, PropertyScout will provide you with the information you need.

What does a Juristic Person do?

The best place to start off is to understand what a juristic person does. A juristic person does property management, which involves ongoing care, maintenance, and upkeep of property. This ensures that residents can use their property effectively and safely, adding lasting value to the community.

According to the legal provisions of the Land Allocation Act of 2000 (B.E. 2543), a juristic person is formed when the property developer or land allocator:

• Sells allocated land exceeding half of the approved number of plots.
• Completes the construction of public utilities according to the project plan.
• Receives approval for the construction of public utilities according to the project plan from the Provincial Land Allocation Committee.
• Prepares a contract for the maintenance and upkeep of public utilities.

Juristic Person Types

When it comes to juristic persons, there are two main categories. "Juristic persons for condominiums" and "juristic persons for housing estates." Both help maintain the well-being of their projects for the benefit of the residents. Now, let's take a closer look at how these two types of juristic persons differ in their roles.

Juristic Person for Condos

A condominium juristic person is a management team structured as a company. They manage, oversee, and maintain various assets in condos' common areas. Each project may have its own set of rules and regulations that differ from one another.

Juristic Person for Housing Estates

A juristic person for a housing estate, established by law, is a management team managing the assets within the housing project. They are responsible for both the common areas and various public utility systems within the community. They also take on the duties of the property developer.

Also , there must be homeowner representatives within the project. They become members of the juristic person for the housing estate. Every homeowner has the right to elect members of the management committee of the juristic person. This ensures that there is a community-driven effort to maintain the housing estate. with homeowner members participating in its management and upkeep.

Scope of Responsibilities

For Condos

• Carry out duties according to established policies and regulations for the residents, which must receive approval from the Condominium Juristic Person Committee and comply with the Condominium Act of 1979 and the regulations of the condominium juristic person.
• Ensure the safety within the condominium project.
• Manage and maintain all common buildings and assets to prevent deterioration and ensure cleanliness.
• Assess the condition of common areas and propose improvement plans to the residents.
• Maintain order and harmony within the project to provide a peaceful living environment for all owners.
• Administer the collection of common area fees from the residents and budget for all related expenses associated with common areas.
• Conduct various meetings such as annual general meetings, public relations, and communication activities, as well as organize events related to community living for the residents.

For Housing Estates

• Fulfill duties in accordance with the regulations of the Land Allocation Act of 2000 and the establishment of a juristic person for the housing estate.
• Maintain and oversee common areas and public utility systems within the project, such as roads, community parks, playgrounds, clubhouses, and all communal garden areas, to prevent deterioration.
• Manage electrical infrastructure and lighting systems within the common areas of the project.
• Supervise parking arrangements along the community roads to ensure a smooth experience for residents.
• Ensure cleanliness and waste management, including garbage collection in front of every house.
• Prioritize the safety of residents within the housing estate.
• Assess the condition of common areas and present improvement plans to residents.
• Maintain order and harmony within the project to provide a peaceful living environment for all owners.
• Administer the collection of common area fees from the residents and budget for all related expenses associated with common areas.

Bottom Line

And that's a wrap on housing and condo juristic persons. Before we go, we'd like to say that both types of juristic persons are beneficial to residents. They help create a more organized management system within the project and reduce internal conflicts. Also, juristic persons enhance residents' confidence in safety. They make sure that amenities are well-maintained. They also contribute to ongoing improvements. Residents can also voice concerns or questions at general meetings.

We hope this article was informative and helpful. If you have any comments or questions, please feel free to leave them in the comments section below.

Looking for a well-organized condo or housing project that welcomes you with open arms? Get in touch with us today to make sure your next move is worth your every penny!

Welcome to the enchanting world of Thai real estate! Thailand offers various types of properties to suit every lifestyle preference. From single houses cocooned in serene neighborhoods to sleek condos in bustling city centers, there's something for everyone. If you crave the tranquility of suburban living, detached houses and townhomes might be your ideal pick. For a touch of luxury, villas are a tempting choice. So, whether you're a first-time homebuyer or a seasoned investor, let's dive into the delightful options Thailand has to offer!

The Types of Properties

Detached House

A detached house in most cases consists of two floors along with two to three bedrooms and bathrooms, one living room, and one kitchen. Detached houses offer maximum privacy but come at a higher cost due to large amounts of space.

Semi-Detached Houses

With similar features to a detached houses, what makes semi-detached houses different from their counterparts are the inclusion of shared walls on one side. This type of house, due to its lack of popularity, may be harder to come by.

Duplexes

A duplex house consists of a central wall and consists of two living units, either side-by-side or on two floors with separate entry points. While a duplex housing plan consists of two floors, the entire duplex house is sold and owned together.

Townhomes

Townhomes are modern style homes with greater interior space and akin to a detached house. In simpler terms, townhomes are like a cross between a house and a condo. Townhomes often have 2-3 floors and some include unique additions such as swimming pools or a gym.

Apartment

An apartment is a rental room in a building which has one owner. The room consists of basic furniture such as a bed, a closet, while lacking a kitchen so the rental fee is not too expensive.

Condos

Probably the most common type of property available to choose from in Thailand is a condo. Unlike an apartment which has one owner, a condo has individual owners.

A condo is a room sold in one building by a property development company, each building owned by different owners. Buyers have the option to buy or rent the condo units from the owner or a real estate agent. Furniture in a condo unit may vary depending on the type and size of the unit. Basic types of units in a condo include Studio (one room), 1-Bedroom (living room with bedroom), and 2-Bedroom (living room with TWO bedrooms).

Condos also feature the addition of shared facilities such as basics like a swimming pool or the gym. Some luxury projects may get creative with their inclusions with unique facilities such as a Japanese onsen pool or automated elevator parking.

Prices of condo units will depend on the unit type and condition that it's in.

Penthouses

Taking up more than half of a project's floor area, a penthouse is a unique type of condo unit located on the highest floor of the building. Penthouses are often found in luxury high-rise condominiums (though there are some rare instances where they are also in low-rise projects). Penthouse units are a lot larger than common condo units, consisting of multiple rooms ranging from kitchens and bathrooms to bedrooms, living rooms, and maid's rooms. Penthouse units also offer exclusive built-in amenities such as swimming pools, a jacuzzi pool, and a small garden.

Villas

A villa is a large house found both in rural and urban areas. You may recognize villas as vacation homes for the wealthy. Villas offer a luxurious and exclusive lifestyle as well as a high level of privacy. Villas offer basic amenities such as a backyard, parking space, and unique inclusions such as gardens and swimming pools.

Property Conditions

Bareshell (Unfurnished)

Bareshell units offer only basics such as flooring, walls, and ceilings, while lacking electricity and plumbing systems. This type of property condition would be ideal for you if you would like to start from scratch with customizations of your own. But, furnishing and fitting along with help from technicians or architects will become costly.

Standard (Mildly Furnished)

While standard units are vacant spaces like its bareshell counterpart, standard units feature at least 30% furnishing to help save you money to some extent. For instance, standard units will include electricity and plumbing systems so that you can prioritize your budget with furniture and customizations.

Fully-Fitted (Mostly Furnished)

Further furnished in a way is a fully-fitted unit. Here, in addition to the already-included electricity and plumbing, fully-fitted units feature furnishing to an even greater extent. Included in a fully-fitted are bed frames, kitchen counters, closets, and sanitary ware. With a fully-fitted unit, you get to save even more money with not having to do the fitting and basic furnishing yourself.

Fully-Furnished

While costing a lot more than unfurnished units or standard and fully-fitted units, a fully-furnished unit will ensure you get your money's worth right from the day you move in. Gone are the needs to equip your unit with electricity or plumbing and the need to do every kind of furnishing on your own. Being the most cost-effective unit option, a fully-furnished unit is the most sought-after unit type and condition for condos and other property types.

Bottom Line

As we end our journey through Thailand's world of real estate, remember that your dream home is a choice away. From detached houses to condos and townhomes, Thailand has something for everyone. Take your time, explore, and make a choice that resonates with your heart. With countless options to choose from, your perfect Thai property is waiting to welcome you. So, as you embark on this exciting adventure, may your home in the Land of Smiles bring you joy, warmth, and endless memories. Happy house hunting!

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Are you dreaming of owning a piece of paradise in Thailand? Well, you're not alone! Thailand's landscapes and culture have been attracting people from around the world. But, it's essential to understand the costs involved. In this blog post, we'll break down the fees when purchasing property in Thailand, especially if you're a foreigner. From the purchase price to taxes and other fees, we'll guide you through the financial aspects of turning your Thai property dream into a reality. So, let's dive in and uncover the secrets to owning your own slice of Thai paradise!

Purchase Price

The term Purchase Price is pretty self-explanatory and, chances are, you may have already heard it in one way or another. In real estate, purchase price refers to the total amount in which a buyer pays for a property. A seller and a buyer would agree on a sum after finalizing negotiations, settling on a particular purchase price.

Taxes

The following is an overview on Thai property taxes, the party responsible, and how it's calculated:

Business Tax: Levied on companies and individual owners who held the property for under five years.

Transfer Fee: Charged by the Land Department and collected upon the ownership transfer date.

Withholding Tax: Varies depending on the ownership (individual or company).

Stamp Duty: Not imposed when the business tax is due.

Thai Leasehold Taxes & Fees

The aforementioned property taxes and transfer fees do not apply to leasehold transactions.

Leasehold Transaction Fee

The leasehold registration fee for property is calculated at 1% along with a 0.1%. This results in a 1.1% applied to the total amount of the lease throughout the duration of its full term. The Land Office will collect the leasehold transaction fee upon registration.

Transfer fee of Leasehold Property in Thailand

The same 1.1% tax applies here. This time, though, only for the value of the remaining term on the lease agreement. To calculate, take the full lease amount and divide by the total amount of years. Then, multiply by the remaining years of the lease term.

As with the lease registration, you must pay the transfer fee upon transfer date at the Land Office. In most cases it's your responsibility to pay the transfer fee as a buyer but you also have the option to share it in equal amounts with the seller.

Renewal fee of Leasehold Property in Thailand

The renewal fee is based on the original lease cost, or an evaluation from the Land Office.

How much is Tax on Rental Income in Thailand

Thai residents are subject to a 5% withholding tax. Meanwhile, foreigners are subject to a 15% withholding tax.

Other Fees

Maintenance Fees

Maintenance fees are for everyday repairs and maintenances on your property. This could range from gardening to tidying up the place for upkeeping. Maintenance fees often range from 40 to 70 baht per square meter. Larger projects with luxurious array of facilities may have higher maintenance fees.

Sinking Fund

Sinking fund is a one-time payment, paid to the juristic person by condo unit owners. This covers maintenance and general upkeeping or repair work on the building. As for how much the sinking fund is, it varies depending on the project and its roster of shared facilities.

Final Verdict

In conclusion, while owning a piece of Thailand's beauty is an exciting prospect, it comes with its fair share of expenses. Remember, understanding these costs is crucial for a smooth and successful process, especially for foreigners. By being well-informed and prepared, you can navigate the journey towards your Thai paradise with confidence and ease. So, whether you're envisioning a beachfront bungalow or a tranquil hillside retreat, now you're equipped with the knowledge to take that next step towards making Thailand your home away from home. Happy property hunting!

Whether you're making your next move on your own or as a family, let us lend you a helping hand. Click the links below and let's begin your journey together!

If you've been to Thailand you will know how easy it is to fall in love with the place. The culture and food have captivated foreigners for decades. So many people decide to try and buy a condo here.

But, there’s a catch – the 49% foreign ownership quota for condominiums. Whether you’re an investor or you’re curious, join us as we demystify the 49% limit.

What is the 49% Condo Ownership Quota for Foreigners?

While it is possible by law for foreigners to buy property in Thailand, there are rules and regulations to overcome. The most notable regulation is that foreigners can only own up to 49% of a condo building in Thailand while the other 51% must remain Thai-owned. The total number of foreign-owned condo units must not exceed the 49% quota. If you are buying a condo from a Thai owner, make sure to check and verify that the condo has not reached its foreign ownership limit yet.

The other regulation to be aware of is around payment for the condo. You must pay for the condo in the form of foreign currency.

These rules and regulations shouldn't be too much of an issue for foreigners looking to buy condos in Thailand under their name. But, if the condo you want has reached the 49% foreign ownership limit or you do not want to pay in foreign currency, you can buy under the name of your Thai spouse.

The Condo Buying Process

Know your Rights and your Obligations

Being a foreigner in Thailand, it's important to take note of the various laws and regulations on buying condos or properties overall. For best results, it's recommended you consult a lawyer and have them accompany you during the condo buying process for safety. Make sure, also, that the building is condominium act-registered, which will allow you to register it under your name. Remember to also read through the contract in detail to understand the terms and conditions.

Know the Timeframe

Depending on the developer and transaction complexity, the condo-buying process in Thailand may take several months. You may also need to sign off reservation, sales & purchase, and ownership transfer contracts.

Gather up Documents

• Contract: The contract should have all the terms and conditions of the sale. This includes the price, payment schedule, and ownership transfer.
• Foreign Exchange Transaction (FET) Form: This is for transferring money to Thailand for buying the condo. This document is for large foreign transactions and serves as proof of foreign currency transfer to Thailand.
• Personal Documents: You will need the following documents for identity verification.
  • For Foreigners buying the property on their own-
    • Copy of Passport.
    • Copy of Visa or Immigration stamp in Thailand.
    • Residence Certificate (if any).
    • Non-Thai Identity card (if any).
    • House Registration (Tabien Baan, if any).
  • For Foreigners buying the property under the Thai spouse's name-
    • Copy of both individuals' passports.
    • Copy of both individuals' Thai immigration stamp of Visa.
    • Copy of Marriage Certificate. If registered outside of Thailand, make sure to get the document translated and legalized in Thai via an accredited translation center.
    • Spouse consent letter

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Decide on your Financing Options

If you need financing to aid with buying a condo, there are options such as bank loans or developer financing. Be sure to research such options in detail to see which option would be most appropriate for you. Note that Thai banks have strict policies which require your permanent resident status before they consider offering you a loan. For loan applications, consult a real estate agent for assistance.

Know your Taxes and other Expenses

• Transfer Fees: 2% of registered property value.
• Stamp Duty: 0.5% of registered property value. You must transfer these two fees to the Land of Department in Thailand. These fees are non-negotiable and the payment is the buyer's responsibility.
• Withholding Tax: 1% of registered property value or appraised value, depending on which is higher. Withholding Tax applies if property seller is a company. The tax is deducted from the seller's proceeds and you are responsible for paying the tax to the Revenue Department.
• Legal Fees: This varies depending on the transaction complexity and lawyer's rates.
• Home Inspection Fees: Home inspection fees cover the due diligence report. This document records the property's condition and status before buying.
• Sinking Fund or Maintenance Fees: Some developers charge sinking fund or maintenance fees. This is for regular maintenance and upkeeping of the building's common areas. The fee may be charged on a monthly or yearly basis.

Deposits and Payments

For your condo unit reservation, you will need to leave a 10 to 20% of the price. The remaining balance is often paid via installment plans while the final payment is due upon ownership transfer. Remember to only pay the developer or seller and not any third party. Note that when transferring money for buying a condo in Thailand, send the money as your default currency first and have it converted to THB via a Thai bank.

Get your Yellow Tabien Baan (House Registration) booklet

When you have fulfilled all payments, you will then get a yellow Tabien Baan or house registration booklet (whereas the booklet will be blue for Thai citizens).

Alternative: Buying Leasehold Property

One alternative is to buy a leasehold property. Leasehold is where the maximum lease on land period is 30 years. You can also renew at least twice in addition to the starting 30-year period, which makes the total lease period 90 years.

A Leasehold may not grant you complete ownership rights like a freehold. But it does offer the leaseholder exclusive rights to the use of that property at least. Leasehold rights are on the title deed and will allow you to enjoy your property without the hassle or ongoing paperwork.

Buying leasehold property might be a viable option for retirees searching for holiday homes in Thailand.

Alternative: Set up a Thai Company to buy a Property

Some buyers might prefer greater ownership rights without the confines of leasehold agreements. In this case, foreigners can set up a Thai company in hopes of buying a Thai property. If 51% of the company is Thai-owned, setting up a Thai company should allow for indirect ownership and control.

Alternative: Marrying to a Thai Spouse

The other alternative to buying a property in Thailand for foreigners is marrying a Thai spouse. By marrying a Thai spouse, you get to settle down, start your family, and get a place to call home all in one go. Be reminded, though, that the property bought will be under your Thai spouse's name even though it was your intention to buy the property. Thus, the Thai spouse reserves the rights to sell, mortgage, exchange, or transfer the property without consent from you as the foreigner.

Final Verdict

In conclusion, Thailand’s 49% foreign ownership quota for condos may seem like a daunting task. But, with the right knowledge and guidance, it’s a challenge that can be overcome.

Understanding these regulations is your key to property ownership in Thailand. Whether you're buying a dream home or considering an investment.

Remember, it’s not about what you can’t do, but what you can achieve with a little effort and insight. So, take that first step, explore the possibilities, and embark on your journey to make Thailand your home.

Are you a foreigner looking for a new place to call home for your family? Are you looking to invest in a Thai property? Get in touch with us today to begin your next chapter!