Residential areas

Comfortable living with urban convenience.

Explore comfortable living spaces with convenient access to urban amenities.

Chidlom-Ploenchit-Wireless Road

It is prime area in the heart of Bangkok, they are all on Sukhumvit Road. When you choose to stay in this area, you can easily access to many places of Bangkok via mass transit as bus, sky train, and subway. Thus, it is the reason why it is a popular choice for foreigners as Americans, Europeans. The starting price for housing in this area is 5 million baht. The average price for condominiums is 200,000-350,000 baht/square meter and the average rate for rent is 20,000-75,000 baht/month.

Silom-Sathorn

One of Bangkok’s core central business districts is Silom and Sathorn area. There are many mega-projects in this area such as the One Bangkok, Dusit Central Park. Moreover, there are FinTech firm office at the Sathorn-Wireless Road as the Park Venture Ecoplex building. The starting price for housing in this area is 5 million baht, the average price for condominiums is 200,000 to 270,000 baht/square meter and the average rate for rent is 20,000-60,000 baht/month.

Ratchada-Huai Khwang

A popular residential area for expats in Bangkok is Ratchada-Huai Khwang area. This area is currently the center of Chinese investors and consumers. The Stock Exchange of Thailand and many global companies’ offices are also in this area. The starting price for housing is 2.2 million baht, the average price for condominiums is 90,000-140,000 baht/square meter and the average rate for rent is 10,000-25,000 baht/month.

Asoke

Asoke is also located in the heart of the city. It is popular for people from Middle East, Americans, and Europeans. The starting price for housing is 4 million baht. the average price for condominiums is 170,000-250,000 baht/square meter and the average rate for rent is 15,000 to 50,000 baht/month

Phrom Phong-Thonglor-Ekkamai

An area with prominent and remarkable growth is Phrom Phong, Thonglor, and Ekamai. According to the development of BTS Green Line and high-end shopping and hangout places as community malls and eateries, this area has also been developed. Most of Japanese expats chose to live in this area. The starting price level for housing is 5 million baht, the average price for condominiums is 200,000-300,000 baht/square meter and the average rent is 20,000-55,000 baht/month. After COVID-19, client behavior has changed. For example, New Japanese expats prefer to rent properties around On Nut, Sukhumvit Road, rather than Phromphong -Thong Lor and Ekamai, in order to reduce expenses and cost. Japanese people usually prefer to rent rather than buying accommodation unless they have been living in Thailand for a long time.

Bang Na

It is a location with various international schools with both British and American curricula such as Bangkok Patana, Berkeley, St. Andrews, Verso. Hence, there are a lot of residents from the UK and U.S.A. in this area, partly families of the school teachers. The starting price level for housing is 1.5 million baht. The average price for condominiums is 65,000-90,000 baht/square meter and the average rent is 6,000-18,000 baht/month.

Suggestions on purchasing real estate for foreigners

Rooms in buildings registered as condominiums.
Part of buildings are not attached to the ground.
All types of land or buildings with long-term leases registered for more than 30 years.

Foreigners cannot own land registered in the name of a Thai juristic person if the foreigner holds more than 49% of the total number of shares.

Frequently asked questions

Find answers to the most common questions about our application.

Buying a condominium

Under the Condominium Act B.E. 2522 (A.C. 1979), foreigners can own 49% of the total number of condominium units in a building registered as a condominium. The buyer must also request a letter from the condominium juristic person, certifying that the foreign share is not over 49%, which then must be submitted and filed to the Land Department for use in transferring ownership.

Foreign currency transaction form

Foreign buyers must bring 100% of their funds from overseas in foreign currency and are required to present a foreign currency transaction form from their bank as proof of transfer to the Land Department. Due to regulations against money laundering, it is therefore necessary to have a form for foreign currency transactions. In order to avoid hassle and taxes when transferring money abroad in case foreigners want to sell that condominium later. Remark: A foreign currency transaction form can only be obtained for deposits of more than 20,000 USD. The purpose of the transfer must be specified in the form in the recipient information field and the condominium name and room number must be specified.

Land Ownership

Foreigners usually choose the following two methods to purchase land. Long-term rental agreement Registering a long-term lease is safer and easier than other methods. Long-term rental contracts are equivalent to owning land. The land lease is usually for 30 years, which can be extended twice for 30 years each time, for a total period of 90 years. Land ownership through this method is considered to be the legal ownership of the building constructed on it. however, the lessor cannot take possession of the property until the end of the lease agreement. This is because immovable property does not refer to land and is not considered an accessory to property as defined in the Code. Establishment of a limited company If one does not wish to do a long-term lease agreement, the alternative option is to set up a Thai company that can control the operations and can legally purchase the land. It is important to note that a foreigner will not be able to hold more than 49% of the total shares in the company. The remaining shares will be held by individuals or legal entities with Thai nationality (it is recommended to consult with a lawyer in this matter), and the company will be the owner of the land. However, as a company director, you will be able to control the votes of other partners and can also control ownership of land as well. Remark: The Thai government has announced that it will investigate the origin of the money the Thai partner used to hold 51% of shares in the company whether they are only shareholders on foreigner’s behalf or not, according to the Foreign Business Act of 1999, it states that Thai shareholders are prohibited from acting as shareholders on foreigner behalf. Thai women married to foreigners before 1998 and any Thai woman who married a foreigner will lose her rights in purchasing land in Thailand, however, the Thai woman could retain ownership of the land she owned before marriage. Since 1999 onwards, current ministerial regulations have allowed Thai women married to foreigners the right to purchase land, but they must prove that the money used to buy land is their personal property alone. Normally, the foreigner’s spouse must have a written statement proving that the money used in purchasing the real estate belonged to the Thai spouse before the marriage took place and the foreign spouse cannot claim rights in this part.

Suggestion on purchasing real estate for foreigners

Purchasing real estate in Thailand for foreigners is not difficult, but it is important to understand the legal restrictions on foreign ownership of land in Thailand first. That is to say, Thai law still does not allow foreigners to own land in Thailand unless they have invested money in Thailand for at least 40 million baht. They can buy land for residence not exceeding 1 rai. Permission must be obtained from the Minister of Interior, but this condition does not include the purchase of a condominium unit or condominium, which foreigners who have the right to own the unit must be those who have permission to reside in the Kingdom according to the immigration law or: – Be a foreigner or juristic person who has been permitted to enter the Kingdom according to the investment promotion law. – Be a foreigner or juristic person considered by law to be an alien who brings foreign currency into the Kingdom. The combined ownership of an apartment or condominium by foreigners must not exceed 49% of the total area of the condominium. Therefore, if you meet one of the conditions, there will be no problem in becoming an owner. But keep in mind that the money you use to buy real estate must be transferred from a foreign bank to a bank in Thailand, which must have a receipt and certificate from the bank for money laundering protection. Other than those mentioned above, the law also allows foreigners to purchase or own property in real estate by – Purchasing in the name of a Thai spouse, but ownership will belong to a Thai person. – Long-term lease with a maximum lease term of 30 years and the contract can be extended for another 30 years up to two times, with consent from the lessor. – Setting up a company or legal entity with Thai partners, where foreigners can hold shares not exceeding 49% and then transfer ownership. The property is in the name of the company where you can reside as a director, but you cannot be the owner of the company or the property. Owning real estate for foreigners is indeed not a difficult matter. Many times we have heard news of foreigners with wives or girlfriends being tricked into buying houses or land using their girlfriend or wife’s name as the owner. If it is a cash purchase and the marriage has not been registered, the foreigners will have no right to claim ownership. The immediate solution for foreigners who need to use their spouse’s name for ownership is to make a long-term lease, such as a 30-year lease. They will then have the right to use it in the long term even if they don’t own the property. If they want to resell it, it will be difficult to sell because it is attached to a long-term lease

Can foreigners get a loan to purchase a house in Thailand?

Acquisition of land by foreigners According to the Land Code:
1. Invest in money not less than 40 million baht.
2. Land for residence is not exceeding 1 rai. 3. Permitted by the Minister of Interior.
4. The conditions outlined in the Ministerial Regulations are to invest money in business types that are beneficial to the economy and society of the country. The investment period must be longer than 3 years and the land must be in Bangkok, Pattaya city, or municipal areas. The regulations of the Land Department regarding the acquisition of land for use as a residence for foreigners. The Land Department regulations have opened a way for Thai people with foreign spouses to purchase land and houses. The foreign spouse must certify that the money used to purchase land and house is the personal property of the Thai national. Therefore, foreigners are unable to own land and also not able to get a loan for property.

Things you should know about selling condominiums to foreigners

The buying and selling of certain real estate such as Condominiums are not limited to only Thai nationals. Basic knowledge on selling condominiums to foreign nationals is important. It is a basic knowledge that foreign nationals both private and juristic person can own or hold ownership of condominium units not exceeding 49% of the total number of units in each condominium that has been registered. This is in accordance with the Condominium Act B.E. 2522, amended in the Condominium Act, Issue 2 1991 and Issue 3 1999, which states that the selling of condominium units in condominiums, whether they are units that are in the process of being built or have already been completed, will be taken for condominium registration or the construction has been completed and the condominium has already been registered. These are all businesses with controled contracts, so the contract that the business operator makes with the buyer must have text in Thai that can be seen. and readable. It is recommended that business operators should provide an English translation of the contract for convenience. Let the foreign buyer read it before deciding to buy. However, the contents of the contract must at least have the main points, summarized as follows: – A contract that certifies that the business operator has ownership of the land or ownership of an apartment in a condominium building and the signatory. In the contract, he is the person authorized to sign and bind the contract by attaching documents showing evidence of ownership in land or condominium ownership, as the case may be and being the person with authority to sign and bind the contract at the end of the contract – The contract shows that Land, buildings and condominium units have obligations with financial institutions or any persons. – Land location, land title deed number Amount of land area of the project, map showing land boundaries and location of condominiums. – Selling price per square meter and amount of condominium space to be traded – Purpose of use of every area of the condominium, related details of the condominium units, items and sizes of common property and various facilities – Income tax, specific business tax and stamp duty on the transfer of ownership of the condominium.