|Type||Price per Square Meter|
|Luxury||180,000 – 250,000 baht|
|High End||100,000 – 170,000 baht|
|Mid Market||70,000 – 100,000 baht|
|City Condo||Lower than 70,000 baht|
How much does a condo cost in Bangkok?
Newly built average condos generally cost around 90,000 baht per square meter while super luxury condos can cost more than 250,000 baht per square meter. Naturally, condos in high-demand prime areas like Lumpini or Silom are going to cost far more than suburban districts.
How much would a condo cost in Thailand?
In terms of new condos, the starting price for a one bedroom, 22 sq meter property is around 1 million Baht (45,000 THB per meter squared). This would be the price of a basic condo away from the BTS / public transport and built by a developer such as Lumpini.
Can a foreigner buy a condo in Bangkok?
Thai law is very restrictive when it comes to foreign real property ownership. Buying a condo is generally the only way foreigners are allowed to purchase real property in Thailand outright.
Can foreigners buy condo in Thailand?
There is no prohibition on nationality, and any foreigner legally admitted to entering Thai territory can purchase a condominium which is generally a freehold property. … When buying a condo in Thailand as a foreigner, it must be checked that there is foreign ownership available in the condominium building.
Can I live in Thailand permanently?
Obtaining status as a Permanent Resident (PR) in Thailand has many advantages. It allows you to live permanently in Thailand, with no requirement to apply for an extension of stay. … You will also be able to apply for an extension of stay and Permanent Resident status for your non-Thai family members.
Do I need a lawyer to buy a condo in Thailand?
Buying any Real Estate in Thailand be it a house or a condo requires the services of a reputable law firm. Once you have decided which real estate you are going to purchase, always consult a lawyer before signing any documents.
Can I rent out my condo in Thailand?
As long as it is not considered a business you are basically free to rent out your condo in Thailand. … Note that when you rent out your apartment you are responsible for paying land and housing tax each year, and also note that rental income is subject to personal income tax under the Thailand Revenue Code.
What is the cheapest place to live in Thailand?
Koh Samui enjoys some of the lowest costs of living in Thailand, and certainly when compared to the U.S. Necessities like groceries and utilities cost anywhere between 12 and 20 percent cheaper than Phuket and Bangkok.
What is a good salary in Bangkok?
Average Salary / Bangkok. Average salary in Bangkok is 1,206,841 THB per year. The most typical earning is 507,603 THB.
Where do the rich live in Bangkok?
From what I heard, many of the Thai super rich lives in Sukhumvit area like red bull and CP group owners. But since that area is very crowded, many super riches/ celebrities started to live in the outskirt of Bangkok like Ramintra.
How much money do you need to live comfortably in Bangkok?
So in total, the basic budget for living in Bangkok should be around 15,000 Baht ($455.85 USD) per month up. That being said it will be far from glamorous.
Can foreigners own a house in Thailand?
Generally, foreigners are not allowed to directly purchase land in Thailand. … It is a commonly unknown fact that although a foreigner cannot own land in Thailand, he can own the house or structure built thereon. One only has to apply for a construction permit to build the house in his own name.
How much money do you need to live in Thailand for a year?
Your baseline cost of living in Thailand is $600 as a baseline minimum for Chiang Mai expats, and more like $750 to live in Bangkok—layer your Thai visa and lifestyle costs on top of these numbers.
Can foreigner buy apartment in Thailand?
There are no restrictions on nationality and every foreigner who can enter Thailand legally (there are no visa-class requirements) can buy and own a condo unit within the foreign ownership quota of the condominium, but every foreigner must personally qualify for ownership under section 19 of the Condominium Act.