There have been many scams and bad sales for foreigners & Thai alike with condominiums and as at October 2024 we have seen where buyers of condos are being taken for a ride and have lost their investment. Don't you be caught out by unscrupulous sellers. Units in a ChiangMai development were glamorised with a starting price of 2.9 million baht each and backed by A-list celebrity endorsements & have now lost out........in Oct 2024.

If this happens to you please call our lawyer who specializes in assisting all foreigners and Thai citizens. We can guide you with the process of purchasing and making sure you are satisfied when purchasing a condominium in ChiangMai or anywhere in Thailand.

We are on call anytime:

mobile number 66(0)81 7466 513 or

email : jamphian@hotmail.com

Property in Thailand is being bought up by Chinese as at 2024 but many in Bangkok are unfinished or have problems with the Banks. However high end condos are selling for exorhitant prices now in Bangkok. But in Chiangmai condos for retirees especially for foreigners to buy condos allows 100% ownership & there are many for sale at reasonable prices. Like anything you buy do your homework and never buy off a plan that is yet to be built. Litigation costs & is drawn out so be careful not o make mistakes. If in doubt ask us as FREE.  

LAND AREAS: 1 rai = 4 ngarn = 400 wah2 = 1600 m2; 1 talang wah = wah2 = 4 m2; 1 acre = 2.53 rai & 1 ha = 6.25 rai 

To date foreigners may own

  - a unit in a registered Condominium

  - a building (as distinct from its land)

  - a registered leasehold of up to 30 years for all types of titled land (and/or buildings).

  - a company can purchase land and buildings 49% foreign shareholding but must carry out business as well.

  - more than 40% of a condominium unless done in Company form.

  - 49% max of land/ buildings in a company

  - 1 Rai of land if they invest 40m baht in Thailand.

  - Usufract Interest or (sidhikepkin)  allows a foreigner to have temporary ownership to certain things in Thailand. Its really limited to 30 years but can be renewed just like a lease.

However, a 30-year lease can be a good idea with right to renewal to a freehold purchase, or a Thai company (7 PARTNERS) can be established with Thai majority shareholders. Foreigners own 49% shares in the company buying land but we can assist you to make sure your company is safeguarded. Remember if you need advice check first before you commit yourself.

FOREIGNERS BUYING YOUR CONDO IN CHIANGMAI:

After reviewing many condo buildings in Chiangmai for various reasons like access to hospitals, floor access; security; foreigners help with reporting online to Immigration; internet access; wheelchair access, 8 floors of secure car parks; motorcycle rental, no over the top fees; no hidden costs; Supermarket; airport, downtown, dept stores and Banks plus the management who helps and condo complex itself our pick is SRITHANA2 off Huay Kaew Road,

 

NOT IN SRITANA2 CONDO:

The downside of many condos is Bad management & no committee in place. Incomplete internal works & hidden fees can be a problem. Some condos have underneath parking which can flood esp near the river but also in areas with unsuitable drainage. Check security & CCTV plus entry cards for owners and most of all talk to other owners. Do not buy condos if they have short term rentals that renters create noise so check management.

 

Never buy a condo that has underground car parking?? as in the past years flooding has occurred and owners cars may not be covered by insurance? 1st floor is allocated to motorcycles.and bottom floor to bicycles, There is also a rental service for motorcycles on the ground floor.

 

Who can buy & own a condominium in Thailand any foreigner up to a max of 49% ownership. If Thai own 51% or over then the max condos available drops accordingly

OTHER IMPORTANT ASPECTS: Check security, how often changed; Sinking fund; Condo Management committee if any & be careful buying unfinished condos & never buy condos NOT built

LIVING IN CHIANGMAI--

MAKE SURE YOU HAVE A WILL:

 

It is happening more often and in 2019 we have seen so many foreigners who do not have a will and have left no monies for their partners or wives who cannot even afford the burial. Do not let this happen to you. More foreigners are also being abandoned by their next of kin back in their home country who cannot afford to pay for their hospital fees outstanding and for repatriation back to their country.

[ Check Wills & Long term Care Help ].

 

WELCOME TO THE EXPAT RETIREE HELPLINE FOR FOREIGNERS COMING TO LIVE IN CHIANGMAI--WHERE TO BUY AND WHY?

WHY USE OUR SERVICES: 

	We work for you (Both Thai & foreign consultants )
	No hidden charges-everything is up front.
	Guaranteed conveyancy help &  Company, work permit & land  setup for foreigners
	Because you have the benefit of foreign help with our Thai lawyers and expat consultants
	Full house onsite appraisals. This 5 page report with pics and recommendations is a must if you want to know what your house is really like..