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Posted

Thankyou in advance. If you sell a condo and deposit that money in a bank, will a be able to get a letter from the bank so that I will be able to buy another condo without having to wire additional funds into Thailand?

Posted
2 minutes ago, billaaa777 said:

Thankyou in advance. If you sell a condo and deposit that money in a bank, will a be able to get a letter from the bank so that I will be able to buy another condo without having to wire additional funds into Thailand?

 

I know you can "reuse" that money to legally buy another condo.

I don't know who writes that certificate, better check with the bank or some official. 

Posted
2 hours ago, billaaa777 said:

Thankyou in advance. If you sell a condo and deposit that money in a bank, will a be able to get a letter from the bank so that I will be able to buy another condo without having to wire additional funds into Thailand?

I think you will find it comes down to your bank and the local land office. 

  • Agree 1
Posted

 The answer to your Q is NO..

As part of the transfer process you will need a FET(Foreign  Exchange Transfer ) certificate.

This is only available with new money coming into Thailand.

In practice you may be able to do a deal with your bank manager.

You may have to move your money  to a bank with a  co -operating manager.

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