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New Condo Project?

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Are there any good new condo projects in Bangkok for about 70K Baht per m2?

And if there are, how much down payment do I need?

Thank you in advance for any info.....

The requireddown payment and payment schedule are part of the purchase contract.

Are there any good new condo projects in Bangkok for about 70K Baht per m2?

And if there are, how much down payment do I need?

Thank you in advance for any info.....

Yes you can find that no problem. Typically, the donwpayment is around 5% then another 15% while they're building if off plan. You pay the remaining 80 % on hand over

Are there any good new condo projects in Bangkok for about 70K Baht per m2?

And if there are, how much down payment do I need?

Thank you in advance for any info.....

Yes you can find that no problem. Typically, the donwpayment is around 5% then another 15% while they're building if off plan. You pay the remaining 80 % on hand over

Yes pretty much agree with Thaigene. It varies according to the project. Ours was:

1) Deposit/Booking fee: 100k

2) Downpayment on signing contract: brings 1) up to around 10% in total

3) Installments: Further 2 x 7.5%, bringing up to 25% in total

4) Final balance: 75% on transfer of ownership

We bought late in the project and close to completion, so we negotiated to pay the the second installment of 7.5%, at the same time as the final balance, since the dates were close. i.e booking > 10%deposit> 7.5%installment no.1 > balance 82.5%

additionals:

- tax of 2% value. we split transferor/transferee 1% each

- maintenance fee 1 year in advance @ THB 35/m2 per month = THB 420/m2 for 1 year.

- sinking fund, one off THB 500/m2.

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