coralia

I was looking at some real estate listings and I noticed several studio apartments for sale in Vieng Ping Condominium... Does anybody know anything about this place? Is it a good place to live? And by the way, why is it that studios in this condominium, and others in the same area, Huay Keaw (like Nakornping), are considerably cheaper than studios in Hillside4?... I am interested in this area, but I am afraid of investing in the wrong place...

Thanks for any advice.

Many thanks for all the details.

Sounds to me like a rather complicated process...!!!

"specify as a part of the foreign exchange transfer that the money is for the purchase by X for condo XXX at location..."

So you are saying that I should not have money transfered to Thailand before I know exactly what I want to buy (address etc.)?

And what exactly does it mean, in practice, to specify as a part of the foreign exchange transfer...? You mean I should have my bank at home specify what the money is for when it transfers it...? Sorry if I'm being dumb, but as I said I'm new to this... I'm trying to understand how things work.

Thanks for the good advice about the Juristic of the condominium...

"getting money to Thailand properly, having it documented properly"

Isn't it enough to open an account at a bank in Thailand and transfer money from abroad into that account? What more would I have to do in order to do things properly?

I would assume that the bank could then provide me with a document saying that the money was transfered from abroad. Am I mistaken?...

If I don't buy from a developer, who takes care of the paperwork and obtains all the relevant documents? The lawyer?

I'm new to all this and I am considering buying a small condo in Thailand sometime in the future... I have been reading other people's posts in an attempt to understand how this whole process works... Perhaps someone could explain to me:

Where do you go to obtain the necessary documents (chanott ti din and blue book) when you buy a condo?

What are the taxes you need to pay for buying a condo? I understand there is a transfer tax (a fixed amount? or a percentage of the value of the condo?), but are there other taxes as well?

Many thanks.

When you buy a condo apartment, where do you get your Chanott ti din? Or your Blue Book, for that matter?

I always wonder why people who can afford expensive condo apartments in Pattaya don't consider Penang instead... Malaysia has a programme called "Malaysia my second home" which is for the relatively wealthy (unfortunately I don't qualify for it...). I'm not in the business of advertising for it, and in fact I wouldn't recommend Malaysia in general, but Penang is a lovely island with a majority Chinese population, a sizeable Indian minority and a charming British colonial atmosphere (something inexistent in Thailand)... Plenty of condos for rent/sale, no sex tourists, not much in the way of crime... and far more developed and modern than any place in Thailand.

(Sigh.)

Just curious, pkrv: why is it important that the condo should be freehold and not leasehold? And why is it important that it should be second hand?

Thanks.

OK, OK, I got the message!! Thanks for taking the time to write so much about it... You are absolutely right, of course. But I'm still at the stage of asking questions and wondering whether I should even consider buying a condo in Thailand... Having the electric system checked is a long way off!!

Thanks again.

Thanks JohnC, I am aware of all those issues... I am also aware of that company in Pattaya, as it advertises on this website.

The truth is that I am considering buying something very small and cheap (possibly in Nirun Condominium). I wouldn't invest more than that in Thailand as long as I don't qualify for a retirement visa.

BTW, someone mentioned having the electric system checked... I thought such things would have been taken care of in a condominium...? Please correct me if I'm wrong...

Very interesting... Thanks again.

Thank you PattayaParent, I am actually familiar with that part of Pattaya... But I am somewhat perplexed by what you wrote about not actually needing a lawyer... When you buy a condo, don't you need a lawyer to check the seller's title deed (which I assume is in Thai!)?? In my country, when you buy real estate, the buyer's lawyer and the seller's lawyer do all the work between them... What is it like in Thailand?...

Thanks again.

I have used the search function but I haven't found anything really interesting (except for people advising against buying any real estate in Thailand!!)

I was wondering, PattayaParent, if you could recommend any reputable legal firm specializing in this sort of thing in Pattaya? I am actually considering buying in Pattaya, as it seems to be the cheapest place, and it's not far from Bangkok.

Many thanks.

I am considering buying a small condo studio in Thailand, and I am wondering about the practical issues involved... Could anyone advise me?

I am not residing in Thailand, I have never worked in Thailand and I have no intention of working in Thailand. I simply visit very often, and I am planning to apply for a retirement visa when I'll be 50 - however, I am several years short of that age. I may decide to apply for a student visa before that, as I am genuinely interested in studying the Thai language (I am a linguist).

Is it legally possible to buy a condo in Thailand while not residing in the country?

If so, does the fact of owning a condo in Thailand make any difference when applying for a visa (tourist visa, student visa...)? Or is there no connection between the two?

What are the legal aspects of buying a condo in Thailand? I assume all the paperwork is in Thai... How does one go about the whole process without getting cheated...? Should one place the whole matter in the hands of a legal firm? If so, can anyone recommend any reputable legal firms handling such matters?... And how much should I expect to pay for this service?

And there are probably many other issues I haven't thought of yet... Any advice would be very much appreciated...

Many thanks in advance.

I'm a little confused... Those who reside in Thailand on retirement aren't considered permanent residents...?

Thanks.

Does the 100 persons/year for each country quota include people applying for residence after the age of 50 (retirement)? Or does it refer only to people who apply for residence under other circumstances?

Many thanks.