Background - Condo Purchase
Purchasing a condo in Thailand can be a big investment of time and money. Purchasing a condo in a project under construction can be a risky investment in case the construction is significantly delayed or never completed.
It is very expensive, lengthy and time consuming to litigate property disputes in Thailand courts. A condo purchaser is at the height of their bargaining power before the condo is purchased. This is the time when the condo purchaser can negotiate more favorable terms. This is especially true when purchasing a used condo.
There are several taxes that apply to a Condo Purchase including 2% transfer fee, .5% stamp duty and withholding tax in case of a gain on the sale. Specific business tax also applies to a Condo Purchase at the rate of 3.3% if the land is sold within 5 years after purchase or within 1 year if the owner is registered as residing at such property.
NNP Group - Scope of Service
Our Condo Purchase service includes the following:
