Connect with us


Buying a condo in Thailand: 4 things to know




Stock photo via Pixabay

As condos are increasingly becoming buyers’ favourite investments, their potential to yield a profit can be potentially quite high. From low maintenance costs to the ability to use the property for residential or investment purposes, condos can offer great value and accessibility. Here, we have 4 things that potential buyers should know before investing in a condominium.

As always, The Thaiger recommends you do LOTS of homework before committing to a purchase of property in Thailand.

1. The purpose of your investment

For foreigners wanting to purchase a condo in Thailand, it is important to be prepared for a more complicated purchasing process than Thai citizens. Expect additional costs, regardless of how you intend to use the condo. If you want to buy a condo for residential purposes, you will need to consider your needs when choosing a property. Things to consider before buying include knowing how many people will live in the condo and if it is near your office, school, family, and friends.

Meanwhile, buying a condo for investment purposes involves a whole other set of questions to ask. The condo’s location, profitability, and rental potential are all factors that should be addressed before buying. Moreover, the condo’s market demand and growth opportunities are also important details to consider.

Buying a condo in Thailand: 4 things to know | News by Thaiger

Bangkok condo

2. Location and future possibilities

Even if you are purchasing a condo for residential living, it is important to make sure the condo’s location is ideal. As it is an investment, knowing its resale or leasing potential is something to consider. Researching the ‘land price index before development’ is one way to determine if the area’s value will increase. And, knowing that information will help buyers determine if it is a location in which to invest. Location, location, location.

3. Calculate the cost

As the price is the most important thing to consider, calculating the additional costs on top of the selling price is essential. Foreigners in Thailand will most likely have to pay a bit more in fees and costs than Thai citizens, along with the normal additional taxes. Therefore, calculating your monthly budget based upon your income, cost of living and other bills should be included in your considerations. Ask you conveyancing lawyer for a list of all the costs you will have to pay before you sign anything.

Other factors to consider include knowing if the condo is reasonably priced for the area in which it is found. Furthermore, researching and anticipating to what extent the land’s value and neighbourhood has the potential to increase is a good idea. As land prices may reflect the land’s future worth, it could also reflect the opposite.

(, for example, has an excellent price comparison guide on all properties in Thailand)

Circle Condo Bangkok - Circle 1 and Circle 2 units for saleLuxury condo in Bangkok

4. Developer’s credibility

The developer’s reputation is the final consideration when buying a condo. As the reputation of the brand can affect its resale value and rentals opportunities, the developer’s reputation is important. Even if you have heard or seen good things from a developer, the condo should portray the developer’s promises. Such things as using good quality materials in the condo’s construction and having systematic condo management performed will also help avoid future repair and reconstruction costs.

Carefully considering these factors above will help ease the burden of potential debt and stress when buying a condo. As it is, indeed, an investment, a condo needs to be appropriately researched before making the decision in which to buy.

Please do lots of homework before committing to purchasing a property in Thailand.


Get more from The Thaiger

📱 Download our app on Android or iOS
👋 Have your say on our Thailand forum
🔔 Subscribe to our daily newsletter
📺 Subscribe / Join for daily shows
👍 Like/Follow us on Facebook
🐦 FOLLOW us on Twitter
📷 FOLLOW us on Instagram


Join the conversation and have your say on Thailand news published on The Thaiger.

Thaiger Talk is our new Thaiger Community where you can join the discussion on everything happening in Thailand right now.

Please note that articles are not posted to the forum instantly and can take up to 20 min before being visible. Click for more information and the Thaiger Talk Guidelines.

Ann Carter is an award-winning journalist from the United States with over 12 years experience in print and broadcast news. Her work has been featured in America, China and Thailand as she has worked internationally at major news stations as a writer and producer. Carter graduated from the Walter Williams Missouri School of Journalism in the USA.

Follow Thaiger by email:

Drugs5 hours ago

Record drug bust in Laos follows pandemic’s methamphetamine boom

World6 hours ago

Alec Baldwin could face criminal charges for shooting on set

Thailand7 hours ago

Thailand News Today | No more Lisa for new years, Abduction linked to Reused gloves | Oct. 28

Sponsored2 days ago

Top 5 dental clinics by Dental Corporations PLC in Thailand

Welcome back to Thailand!

Thaiger is getting behind local businesses for the restart of tourism in Thailand - up to 50% discounts across all advertising packages!

Transport7 hours ago

Bangkok public transport back to normal capacity on Monday

Thailand7 hours ago

Thailand’s Industry Ministry is backing hemp as a new cash crop

Economy7 hours ago

Reform urged for foreigners to invest or buy condos in Thailand

Join the conversation on the Thaiger Talk forums today!
Drugs8 hours ago

55 million meth pills seized in Laos in biggest SE Asian bust ever

Coronavirus (Covid-19)8 hours ago

Thursday Covid Update: 9,658 new cases; provincial totals

Phuket9 hours ago

BlackPink’s Lisa says “no” to Phuket New Year countdown event

Bangkok9 hours ago

Khao San Road expects very slow recovery, even after reopening

Thailand10 hours ago

Truckers and tour bus drivers plan strike over diesel prices

Malaysia10 hours ago

World’s first unisex condom invented by Malaysian gynaecologist

Thailand10 hours ago

Floating stage, 2nd hand medical gloves, Thai superstar Lisa, Crack ups | Thaiger Bites | Ep. 48

Property10 hours ago

Covid-19 has accelerated Thailand’s property market disruption by 5 to 10 years

Thailand10 hours ago

PM Prayut Chan-o-cha to outline Thailand’s path to net zero at UN Climate Change Conference

Thailand1 month ago

Morning Top Stories Thailand | Police to end protests, Human Trafficking | September 14

Thailand8 months ago

Thailand News Today | Thai Airways in rehab, All go for Songkran | March 4

Tourism8 months ago

Phuket’s nightlife. Yes, bars and clubs are still open | VIDEO

Phuket8 months ago

Thailand News Today | Covid passport talks, Thai Airways heads to court | March 2

Tourism8 months ago

Phuket Thai food treats you need to try | VIDEO

Thailand8 months ago

Thailand News Today | Bars, pubs and restaurants ‘sort of’ back to normal | Feb 23

Tourism8 months ago

In search of Cat & Dog Cafés in Phuket Town | VIDEO

Thailand9 months ago

Thailand News Today | Gambling crackdown, Seafood market to reopen, Vlogger challenge | Jan 21

Thailand9 months ago

Thailand News Today | Covid testing for visas, Business impact, Vaccine approval | January 19

Thailand9 months ago

Thailand News Today | Weekend Bangkok bombs, Thailand fires, Covid update | January 18

Thailand10 months ago

Thailand News Today | Stray car on runway, Indonesian quake, 300 baht tourist fee | January 15

Thailand10 months ago

Thailand News Today | Governor off respirator, sex-trafficking arrest, condo prices falling | January 14

Thailand10 months ago

Thailand News Today | Chinese vaccine, Thailand ‘drug hub’, Covid update | January 13

Thailand10 months ago

Thailand News Today | Bangkok may ease restrictions, Phuket bar curfew, Vaccine roll out | January 12

Thailand10 months ago

Thailand News Today | Covid latest, Cockfights closed down, Bryde’s Whale beached | January 11