New developments in Thailand

Foreigners can own condominium units in freehold within the 49% foreign quota of each building. Land and villas cannot be owned directly; the common routes are a registered 30-year leasehold (often with renewal options) or a Thai company structure.

Typical transfer costs for a new build are 2% transfer fee (usually split 50/50 with the developer), a one-time sinking fund (500–1,000 THB/m²) and the first year of common-area fees (40–100 THB/m²/month). There is no annual property tax of significance for owner-occupied units.

Developers usually ask for a reservation deposit (50,000–200,000 THB), 20–30% on signing the contract, then instalments tied to construction milestones, with the balance (30–80%) paid on transfer at the Land Office.