FAQ – Frequently Asked Questions

Yes, in Thailand any foreign citizen can own 100% of apartment properties since 1979. Under the Thai Condominium Act of 1979 and amendments in 2008, foreigners can own any type of apartment property in Thailand.

Example of an apartment building (new development project) with 100,000 sqm of sales area: by law, 51,000 sqm of this area must be owned by Thai citizens or a Thai Co.,Ltd. and the remaining 49,000 sqm of this area can be owned by foreign buyers (100% ownership) unless the developer has already exhausted the quota of 49,000 sqm of area.

There is an additional condition that foreign buyers must meet in order to obtain a valid title deed ("chanote") to purchase a condominium unit. The funds used to purchase the unit must be sent to a bank account in Thailand from the foreign buyer, with the buyer always mentioned in the note (this is obviously a very good way for the country to attract foreign currency into its territory).

The Thai bank (which received the money), upon receipt of the funds transferred from the foreign bank from the buyer, issues a foreign currency transaction form (called a FETF/TT3) which must be submitted to the Land Registry upon transfer of ownership to the foreign owner.

Generally speaking, in a condominium (condominium building) located in a location sought by foreigners, the 49% quota available to foreign buyers will be sold first. Therefore, it is better not to wait. Choose apartments early because only 49% of the total area in the development is available for foreign buyers for 100% foreign ownership of the apartment.

100% foreign ownership means that the apartment is purchased and registered in the Land Registry in the name, surname, permanent address and passport number. Foreign persons can purchase apartments and condominiums in Thailand without restriction in any project.

No. The Thai Bank provides mortgage loans to Thai citizens only. Clients from all over the world can use our flexible 3-year payment plan.

Yes. The price of the apartment/s mentioned in a contract is final. Only before registration in the cadastral office, the buyer must pay a one-time fee of THB 70 000 - 130 000, depending on the size of the apartment. The fee includes water and electricity connections, cable TV installation; part of it goes to the administrative fund of the building.

Yes, and we are happy to assist buyers with this, as part of the services we offer after signing a contract.

Yes. You can view our Showroom.

The fee for services within the resort (swimming pools, sporting facilities) including a parking space, cleaning of communal areas and waste collection, amounts to THB 480 per sqm/year.

Yes.

Yes.

Contact us. If there are any technical issues, we will solve them for you.

Yes. Each apartment has an underground parking space, guarded by a camera system (CCTV).

Thailand is a constitutional monarchy administered by the military junta. It is a founding member of the Association of Southeast Asian Nations (ASEAN) and has the second most developed economy in Southeast Asia.

Thailand is a relatively safe country. If you do not offend the King or take drugs, you are not at risk. Both these offences are subject to high penalties. However, you need to be vigilant in popular tourist locations, where pickpocketing sometimes occurs.
You should be careful when in traffic, especially on a motorcycle. During the monsoon period, there is a risk of local flooding at the coast. However, a day later, you will be unaware that a flood has taken place.

The official language is Thai. English, Chinese and Malaysian are also spoken.

Daylight saving time: UTC (London) +6, SEC (Prague) +5
Winter time: UTC +7, SEC +6

It is not. Compared to Europe, the prices are significantly lower in Thailand. For example, 100 CZK is equal to approx. 150 Baht; 100 EUR is equal to 4 000 Baht and 100 GBP is approx. 4 500 Baht, depending on current exchange rates.

Thai Baht (THB).

The flight from Europe to Thailand takes over 9 hours. It depends on your airport of departure.

Yes, you can contact us directly, because we are based in Pattaya. We will be happy to help you with anything, whether you have questions about real estate or are seeking a tour guide around the city.

There is no time for boredom in Thailand. There are thousands of attractions. You can vary your daily programme according to your mood. You can relax on beaches or at a pool. You can go on an excursion to the surrounding islands, go shopping, or enjoy the bustle of the nightlife in Pattaya.

The main season in Pattaya lasts from November to May. But the weather is warm all the year round, because Pattaya lies in a tropical zone. Occasional monsoon rains may occur from June to September.

Yes. You can rent a car and a motorcycle in hundreds of places in the city. And at very affordable rates. On average, car rental costs approx. EUR 30 per day.

No. The Resort and facilities are only accessible to residents.

Upon submission of the Last Will and Testament or Death Certificate, a property will be transferred to an heir within 60 days and will be ready to be handed over by the property developer.

In Pattaya, the developer has completed and handed over 21 projects to date. Another 2 projects are under construction right now. You can view all the new projects under “current projects”.