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Answered4 years ago

What are the condo transfer fees and insurance recommendations in Thailand?

Condo Purchase Transfer Fees Condo Insurance Thailand Real Estate Foreign Ownership Law

Terary **********

Terary **********

OP

asked Dec 10, 2022

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'And everything else'

I am considering purchasing a condo.

I would like to know what to expect to pay in transfer fees.  The previous owner has owned the condo for more than 5 years.

Also,

Anybody have a recommendation for Condo Insurance?  If I have a busted pipe, I don't want to have to pay for my neighbors to redo their condo.

Answer summary

The user is inquiring about the expected transfer fees for purchasing a condo in Thailand, indicating that the previous owner has held the property for over five years. Comments suggest that transfer fees may typically be around 1% of the total selling price, with additional considerations regarding foreign ownership limits in the complex. There is also a request for recommendations on condo insurance to cover damages, such as those from a busted pipe.

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Val **********

Val **********

Expect to pay 1% of the 2% transfer fee, you need to make sure that there is no more than 49 % foreign ownership in the complex you are looking at.

0

Columba **********

Columba **********

I have a very nice condo for sale only used two months every year @a reduced price 7.5 mbt total floor area 75sq mts furnished

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bedrooms

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Nigel ********

Nigel ********

This will give you an idea of the typical share of costs at the Land Department. You'll get many opinions whether to buy or rent. In my experience, it's easy to buy and difficult to sell. Government price is about half the selling price.

1

Terary **********

Terary **********

OP

Thank you

0

Phil ********

Phil ********

Better to rent imo, there's so many empty flats in BKK...

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Paul ********

Paul ********

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Terary **********

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