A reservation deposit is required to secure a unit.
Within 14 days from the date of reservation, the Sales & Purchase Agreement (SPA) will be ready for signing and buyers are required to transfer the first instalment.
Once the SPA has been signed by both parties, each party will keep one copy respectively.
If there is an instalment plan, buyers would have to transfer the specified amount according to the timeline during the construction period.
Buyer transfers the balance of outstanding at the end of the construction period, ie: when the property inspection & handover process has completed. At the same time, buyers will pay the transfer fees and others as mentioned above.
Foreign buyers can own a condominium in their own name under a freehold status, with the following conditions:
The condominium is a freehold project.
Foreign ownership is granted up to 49% of the total sellable area of the condominium.
The fund used to purchase the condominium is fully transferred from overseas and in foreign currency, with the purpose of buying a condominium.
Foreigner individuals are not permitted to buy or own leasehold land. However, for residential purpose, foreigners are allowed to lease the land for a maximum term of 30 years with the option to renew.
Source: Pacific Star Development Ltd
Taxes & Costs
Taxes & Fees
To be paid by Buyer:
Transfer Fee 1%.
Sinking Fund (Calculated by per SQM, one-time basis on completion date).
Common Area Fee (Calculated by per SQM per month, to be paid 12 months in advance on completion date).
Thai Baht (THB)
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