How Many High Tax Years On Re-selling A Condo?

[Roleh]

Hi everyone,

I own a condo in Bangkok for slightly over 3 years and now I would like to transfer the title to someone else (or, sell this same condo, for that matter). What are the tax implications of such transaction in Thailand? I heard if I sell after owning it for less than 3 years taxes are much higher; but then some other sources say it's 5 years of high taxes on re-selling.

Can anyone please kindly help me to understand this correctly?

Thanks

[123ace]

Its five years not three.