Bangkok Condo Guide: Everything You Need to Know (Updated 2025 Guide)
Bangkok Condominium: Thai Definition
A condominium, or condo, is a building where individuals own their residential units and share ownership of common areas like lifts, swimming pools, and gyms. In Thailand, foreigners are allowed to own up to 49% of the total area of a condo building.
Bangkok Condo Areas & Locations
Our team has in-depth knowledge of the condominium market in the following Bangkok locations:
- Silom/Sathon: The area incorporating Silom, Sathorn, Surawong, and Narathiwas-Ratchanakarin Roads.
- Central Lumpini: The area covering Wireless, Ploenchit, Rajadamri, and Chidlom Roads.
- Sukhumvit: The area along Sukhumvit Road from Sois 1-65 and Sois 2-44, known for its luxury condos.
- Pathumwan: The area incorporating Ratchaprarop, Phayathai, and Petchaburi Roads.
- Rama 3: The area along Narathiwas-Ratchanakarin and Rama III Roads.
- Riverside: The riverside area includes developments along Charoenkrung and Charoennakorn Roads.
- Peripheral Areas: Areas outside the Central Business District (CBD), including Ratchadapisek, Ladphrao, and Thonburi.
Typical Condominium Purchase Opportunities
There are three main options when buying a condo in Bangkok:
1. Condominiums in New Projects
We specialize in marketing off-plan new build projects. Benefits include:
- New properties with modern facilities
- Prime locations with access to public transport
- Potential for capital growth
2. Resale Bangkok Condos
Our extensive database includes resale condos, offering:
- No risk of developer delays
- Immediate occupancy
- Opportunities for bargains
3. Buying a Bangkok Condo as an Investment
Investing in a Bangkok condo can provide capital growth and rental income. Early buyers often secure value increases with minimal capital outlay.
Legal Ownership of a Bangkok Condo
- Freehold: Foreigners can own up to 49% of a condo building on a freehold basis.
- Leasehold: Some developments offer 30-year leases with renewal options.
Condominium Funding / Financing
Financing for foreigners in Thailand is complex. Funds must be transferred from overseas, and a Foreign Exchange Transaction Form is required for registration.
Bangkok Condo Sales Taxes
Tax liabilities apply when buying or selling property. Below is a sample tax calculation for a 10 million baht sale:
Bangkok Condo - Transaction Costs
Transfer fee: Typically 2%, often split between buyer and seller.
Sinking fund: A one-off payment for major renovations.
Legal fees: Paid by each party separately.
Common area management fee: Covers upkeep of shared spaces.
Bangkok Condo: General Industry Classifications
Condos are classified based on price per square meter:
| Super Luxury | Above THB 350,000/m² | Up Scale | THB 100,000-149,999/m² |
| Luxury | THB 250,000-349,999/m² | Mid-Range | THB 70,000-99,999/m² |
| High End | THB 150,000-249,999/m² | Entry-Level | Below THB 69,999/m² |
High-end condos typically feature:
- Prime locations
- High-quality construction and design
- Comprehensive facilities like pools and gyms
- Professional management
