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Buying a new build in Thailand
A few things worth knowing before you reserve a unit or sign a sale and purchase agreement.
Off-plan payment schedules
Most new-build condos are sold off-plan with a reservation fee, then staged payments tied to construction milestones, and a final balance due at transfer. Read the payment schedule in the sale and purchase agreement carefully before reserving.
Developer financing & payment plans
Many developers offer interest-free instalment plans during construction, sometimes alongside bank mortgage options at completion. Compare the total cost of a developer plan against a standard mortgage before choosing.
Foreign freehold condo quota
Foreigners can own up to 49% of the total saleable area in a condominium building on a freehold basis. Ask the developer or agent to confirm the building's remaining foreign quota before you commit.
Transfer fees & taxes
Ownership transfer at the Land Department involves a transfer fee, plus specific business tax or stamp duty and withholding tax, typically split between buyer and seller by agreement or custom. Estimate your share with our transfer fees calculator.
Transfer Fees CalculatorCheck the developer's track record
Look at the developer's completed projects, delivery timelines, and construction quality before buying off-plan. A strong track record reduces the risk of delays or unfinished common areas.
Plan your budget
Estimate monthly repayments and how much you can borrow before you start comparing developments, so you can filter by a realistic budget from the start.
Thailand Mortgage CalculatorFrequently asked questions
Can foreigners buy a new-build condo in Thailand?
Yes. Foreigners can own condominium units on a freehold basis, as long as foreign ownership in that building stays under 49% of the total saleable area. Houses and land are generally not available for freehold foreign ownership.
What is the deposit for an off-plan development?
Reservation fees and deposit structures vary by developer and project, typically starting with a reservation fee followed by staged payments through construction. Always confirm the exact schedule in the sale and purchase agreement.
How do I know if a project is direct from the developer?
Use the "Direct from developer" filter on BaanMe to see developments with units listed by the developer rather than a resale agent, which can mean access to the latest units and developer-only payment plans.
What fees apply when transferring a new-build unit?
Expect a transfer fee plus specific business tax or stamp duty, and withholding tax, usually split between buyer and seller by agreement. Use our transfer fees calculator to estimate the total for a specific price.
What does "new build" mean on BaanMe?
A development is marked "new build" when it's under construction or has completed recently, based on its construction status and completion date — distinct from older, established projects with resale-only inventory.
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