Transfering Minimum Amount To Thailand For Property Purchase

[loginwith]

Normally this wouldn't be an issue but since property prices have fallen recently ...

When purchasing a condominium in Foreign title holding, the foreign purchaser must bring in 100% of the funds from overseas in a foreign currency and will need a Foreign Exchange Transaction Form (FETF) from a Thai bank.

It looks like the minimum amount for an FETF is $50000 (according to the sticky topic in this forum). But if the condo is just $30000 (e.g. a Park Lane one bedroom in Jomtien ...), will the foreign purchaser still have to transfer $50000?

[KittenKong]

No, the bank will just provide a slightly different form.

[paulinbkk111]

Kittenkong is right, you just get a different form. Rest of the process is as normal

[loginwith]

Thanks for the answers.

Is there any practical advantage of the FETF versus the "slightly different bank form"?

[KittenKong]

No, and it's not an option anyway. You get what you are given and it all depends on how much you transfer (<>USD50k).

[loginwith]

Thanks!

Is it possible to combine two "forms". Let's say 15k dollar from the US and 15k Euro from a European bank?

[KittenKong]

Yes.