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Posted

I transferred money from abroad into my Thai bank account for the purpose of buying a condo. The person I intended to buy the condo from changed his mind about selling it, so I withdrew my money from the bank and used it to buy gold. If I find another condo that I would like to buy, can I sell the gold and deposit the proceeds into my bank account and use that money to buy the condo? And if that is doable, is there a time limit for buying a condo with that money? Or, does a condo need to be purchased with money that has never left the account?

Posted

The bank will produce a letter to show the money coming from abroad via a specific transfer, if you sell gold and proceeds don't come from abroad they can't do it, but maybe an agent or lawyer can help

 

 

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Posted
3 hours ago, nigelforbes said:

I say, yes you can. You stated othe purpose on the original transfer and that purpose is still relevant, despite what has happened in the meantime. 

I agree.

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Posted
17 hours ago, MichaelHunt said:

I transferred money from abroad into my Thai bank account for the purpose of buying a condo. The person I intended to buy the condo from changed his mind about selling it, so I withdrew my money from the bank and used it to buy gold. If I find another condo that I would like to buy, can I sell the gold and deposit the proceeds into my bank account and use that money to buy the condo? And if that is doable, is there a time limit for buying a condo with that money? Or, does a condo need to be purchased with money that has never left the account?

Let us know of it was possible and how

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