Costs of Buying a Condo in Pattaya

Transfer fees and taxes

The standard transfer registration fee is 2% of the official appraised value. For example, an appraisal of ฿4,000,000 gives a standard transfer fee of ฿80,000. If the contract splits that fee equally, the buyer’s share is ฿40,000. This example covers the transfer fee only.

Withholding tax and either specific business tax or stamp duty may also apply, depending on the seller and transaction. Ask for a written estimate and check who pays each item in the contract. Confirm any reduced fee or exemption with the Land Office for your transfer date.

Building costs and running expenses

• Ask the juristic office for the common fee per square metre, how often it is billed and whether any special assessments are planned.
• Check whether a sinking fund contribution, advance common fees or meter charges are due, especially on a new development.
• For a resale, confirm who settles any arrears and how prepaid fees are handled at handover.
• Allow for bank and currency conversion charges, independent legal review, inspection and any immediate repairs or furnishing.

Compare the total cost of each unit

Ask for a line-by-line estimate before signing. Compare cash due at transfer and the first year of running costs, especially when choosing between an older, larger unit and a newer building with more facilities.

Thai government overview of transfer fees and taxes

Contact Pattaya Condos & Homes for help shortlisting a condo.