FAQ

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FAQ

Frequently Asked Questions (2026 Updated)

Yes. Under the Condominium Act, foreigners can own a freehold condo in their own name, provided the total foreign ownership in that building does not exceed 49%.
Standard fees include a 2% transfer fee, 3.3% Specific Business Tax (if owned < 5 years), and 0.5% Stamp Duty. Note: Government stimulus measures may reduce transfer fees to 0.01% for qualifying properties until June 2026. Contact us for a current tax calculation.
Yes, but with specific conditions. Banks like UOB or ICBC often provide loans to foreigners with a work permit or those married to Thais. LTV (Loan-to-Value) typically ranges from 50% to 70%.
Ownership alone does not grant a visa. However, high-value investments may qualify you for the Long-Term Resident (LTR) Visa or the Thailand Privilege Card program.
Usually:
• Passport
• FET form or bank confirmation
• Signed Sales & Purchase Agreement
• Foreign quota certificate (for condos)
• Dept free form
Main costs:
• Transfer fee: 2%
• Specific Business Tax: 3.3% (if owned under 5 years)
• Stamp duty: 0.5%
• Withholding tax
Usually split (50/50) between buyer and seller
No. Property ownership and visas are separate. Some long-term visa programs can be considered separately.
You can lease land for up to 30 years (registered). Many leases include renewal options, and you can usually own the house itself.
While not legally required, hiring an independent lawyer is highly recommended to protect your interests. A legal expert performs critical "Due Diligence" which includes:

• Title Deed Verification: Ensuring the property has a legal title (like Chanote) and that the seller is the rightful owner.

• Encumbrance Check: Verifying that the property is not mortgaged, liened, or involved in any court disputes.

• Contract Review: Tailoring the Sales and Purchase Agreement (SPA) to include fair exit clauses and penalty protections.

• Foreign Quota Confirmation: For condos, a lawyer confirms that the building still has available "Foreign Freehold" space within the 49% limit.

• Building Permit & Zoning: Ensuring the project has been built according to approved plans and environmental regulations (EIA).

Select Property Pattaya works with reputable local law firms to ensure your investment is 100% secure and transparent.
Yes. The tax is usually low for residential properties typically around 0 – 0.02%, and some homes may be exempt.
1. Select the Right Property
Select Property Pattaya helps you shortlist condos that match your budget, lifestyle, and investment goals. We focus on trusted projects, good locations, and clear foreign ownership availability.

2. Reserve the Unit
Once you choose a unit, Select Property Pattaya assists with the reservation process and secures the condo for you. The reservation fee is usually deducted from the final price.

3. Review & Sign the Agreement
We guide you through the sale agreement in clear, easy-to-understand terms—covering price, payment schedule, and what’s included. For extra peace of mind, we can also coordinate with a lawyer if needed.

4. Payment Arrangement
Whether it’s a new project or a resale unit, Select Property Pattaya helps manage the payment timeline and ensures overseas fund transfers are done correctly for foreign buyers.

5. Ownership Transfer
Our team coordinates the ownership transfer at the Land Office, preparing documents and supporting you through the entire process until the condo is officially under your name.

6. Handover & After-Sales Support
After transfer, Select Property Pattaya assists with key handover, utilities setup, and—if required—rental or resale support.
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Contact Form 10/1/2026