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Does the Thai investor visa cover brand new condos or only second-hand ones?

Investor Visa Thai Visa Rules Real Estate Investment Condominium Purchase Visa Regulations

Mar 5, 2024

2 years ago

Eddie ******

ORIGINAL POSTER

Hi guys a quick question about investor visa.

I understand the visa needs at least 10 million baht asset from buying condo or bond, or fixed deposit account.

I have read some articles over the internet and cannot find the answer, does the condo part over cover brand new condos? Second hand condos aren't covered under this visa program?

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TLDR : Answer Summary

The Thai investor visa requires that the condo being purchased is brand new and approved from a developer; second-hand condos do not qualify for this visa program.

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John **********

It needs to be approved and purchased from the developer so no used condos

2 years ago

Eddie ******

ORIGINAL POSTER

@John *********

So if I planned to buy a second hand condo I cannot get any kind of visa even the amount exceed 10 million baht?

2 years ago

John **********

@Eddie *****

I believe that to be the case

2 years ago

Eddie ******

ORIGINAL POSTER

@John *********

Thanks for reply! I really appreciate it!

I still have another question, let say I want to buy 2x 5 mil baht condo to fulfill the requirement, can I buy them in separate year? Let say buy one in this year and buy another one at

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? Or I must buy at the same time?

2 years ago

Brandon ************

@Eddie *****

you need to ask the BOI your questions. They're the one who make the decisions on what qualifies and what doesn't, regardless of what others have experienced in the past. Each application is processed on a case by case basis.

2 years ago

Eddie ******

ORIGINAL POSTER

@Brandon ***********

I tried their LINE and email but never get a response from them...should I ask an agent instead?

2 years ago

Kool *******

@Eddie *****

you go visit them in person in Bangkok at the ChomChuri Square on the 18th floor. They make the decisions on what qualifies as investments. They also start the extensive background investigation to determine if you qualify. It isn't just how much you invest, but also that you don't have any criminal intent.

2 years ago

Eddie ******

ORIGINAL POSTER

@Kool ******

Thanks for the suggestion! However I already back to my home country, sure I will visit them next trip!

2 years ago

Brandon ************

@Eddie *****

are you sure you're using the correct information? They're usually very responsive to communication.

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2 years ago

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