PAYMENT & TRANSFER

Payment terms:
Reservation Fee: 100,000 THB (2,000 EUR - 3,000 USD). 3-week deadline to return all properly executed legal documents along with full down payment. Following staged payments are to occur as construction progresses.

Additional costs:
Transfer & Registration Fee: 1.10% based on the land price. (Both the seller and the buyer equally share this cost)
One time Sinking Fund Fee: 500 THB per sqm.

Legal matters:
Condominiums: The Development provides 100% freehold foreign ownership and long-term leasehold for condominiums. Pursuant to Thai property law, foreigners may have a freehold ownership over a unit in a condominium. However, condominium units owned by a foreigner shall not exceed 49% of the total space of the condominium project. Other restrictions may apply. A non-Thai owner of a freehold condominium unit may transfer the property to other foreigners. The remaining 51% will be sold to foreigners with a registered 30-year leasehold title, which is allowed by Thai Law in the name of foreigners, renewable for two additional 30-year periods. Thai nationals or majority owned (51%). Thai Companies are allowed to possess freehold ownership on all units.

Disclaimer:
The information and figures presented above are believed to be accurate but cannot be guaranteed. They are intended for the purpose of projection and analysis and should not be used for the preparation of income tax returns.