Luxury Asoke Condo: Rent or Buy Foreign Quota - Muniq Sukhumvit 23

In Bangkok, most resale condominium units are offered fully furnished, particularly in mid-range and high-end buildings. These typically include basic furniture such as beds, wardrobes, sofas, dining tables, and often a fully equipped kitchen with electrical appliances like a refrigerator, microwave, washing machine, and TV.

However, the level of furnishing can vary significantly depending on the age of the unit, previous owner, and project standards. Some newer units may offer minimal or bare-shell interiors, especially if purchased as an investment or straight from the developer.

At CondoDee, each listing clearly states the included furniture and appliance details, so you know exactly what you’re buying.

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What documents are required to buy a condo in Thailand?

Whether you are a Thai national or a foreign buyer, buying a condo in Thailand requires a specific set of documents to comply with the law and complete the transfer of ownership at the Land Department.

📋 For Foreign Buyers:

• Passport copy (all relevant pages)
• Foreign Exchange Transaction Form (FET) from the bank (for transferring over USD 50,000)
• Sales and Purchase Agreement (signed by both parties)
• Reservation or booking agreement (if applicable)
• Proof of address (may be required by some banks or developers)
• Power of Attorney (if someone else is handling the transfer on your behalf)

📄 For Thai Buyers:

• Thai National ID card
• House registration book (Tabien Baan)
• Sales and Purchase Agreement
• Marriage certificate (if applicable, for marital property rights)

🏦 For Both Thai and Foreign Buyers:

• Copy of Title Deed (Chanote)
• Copy of the seller’s ID and Title Deed
• Tax documents for transfer
• Copies of any loan/mortgage agreements (if financing is involved)

👉 CondoDee guides buyers through every step of the documentation process, ensuring nothing is overlooked, especially for foreign buyers navigating the Thai legal system.

📞 Need help preparing documents? Contact CondoDee:
📧 [email protected]
📱 WhatsApp: +66 62 189 9659
🟩 LINE: @realty
☎️ Office: +66 2 038 5897

When buying a condo in Thailand, there are a few key fees and taxes to be aware of. The main transfer fee is 2% of the government appraised value, and it is typically split equally between the buyer and the seller unless negotiated otherwise.

Additional taxes include:

• Withholding Tax (WHT): Paid by the seller. For individuals, it’s based on personal income tax rates. For companies, it’s 1% of the sale price or appraised value—whichever is higher.
• Specific Business Tax (SBT): 3.3% (including local tax), applied if the seller transfers the property within 5 years of ownership unless it’s a primary residence.
• Stamp Duty: 0.5%, only charged if SBT does not apply.

All these charges are calculated based on the official Land Department valuation, which is often lower than the market price.

Important: It’s critical to review these taxes early in the buying process so there are no surprises at transfer. CondoDee helps clients understand the full cost structure and negotiate terms clearly.

📞 Need clarity or legal support? Contact CondoDee:
📧 [email protected]
📱 WhatsApp: +66 62 189 9659
🟩 LINE: @realty
☎️ Office: +66 2 038 5897

Generating rental income from your condo in Bangkok is a smart investment strategy, especially in high-demand areas like Asoke, Phrom Phong, and Thonglor. Here’s how you can do it effectively:

• Choose a location with high rental demand, near BTS/MRT, universities, hospitals, or offices.
• Ensure your unit is well-furnished, clean, and has working appliances.
• Consider short-term (monthly) or long-term (yearly) rental contracts, depending on your goals.
• Work with a local real estate agency like CondoDee to market your unit, screen tenants, and handle rental paperwork.

Some projects perform particularly well for rental returns. See our curated lists for:

• Buy-to-let condos in Bangkok
• Condos priced under 10M THB

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Yes, although not all projects allow pets. CondoDee specializes in sourcing pet-friendly condos in Sukhumvit and other CBD areas.

When you own a condominium in Bangkok, you are responsible for certain ongoing expenses known as common area maintenance (CAM) fees. These cover the shared services and facilities provided by the building’s juristic management.

🔹 Monthly Common Area Maintenance (CAM) Fee:

This is the most important recurring charge. It typically ranges from ฿30 to ฿100 per square meter per month, depending on the project's age, facilities, and location. For example, a 70 sqm unit in a luxury condo may incur a monthly CAM fee of ฿5,000–7,000.

This fee covers:

• Security staff and 24/7 surveillance (CCTV)
• Maintenance of shared spaces: lobby, pool, gym, elevators, gardens
• Building insurance and janitorial services
• Management and administrative staff

🔹 Sinking Fund (One-time or Annual Fee):

The sinking fund is a reserve fund used for major repairs and long-term upgrades (like repainting the façade, replacing elevator systems, or large plumbing repairs). This is usually paid as a one-time fee upon transfer of ownership, typically around ฿300–฿500 per sqm. Some condos also collect small annual top-ups.

🔹 Optional Utilities or Service Charges:

While water and electricity are charged based on usage, some buildings may apply additional admin fees for services like:

• Extra parking slots
• Private storage units
• Shuttle buses or laundry services

🔹 Penalties or Late Fees:

If common fees are not paid on time, penalties can apply and may impact your ability to sell or transfer the unit in the future.

💡 CondoDee Tip: Always review the CAM rate, sinking fund, and financial reports of the condo's juristic person before committing to buy. Well-managed buildings usually provide transparency and issue monthly statements.

📞 Want to understand the full cost breakdown before buying a condo?
Contact us for a professional consultation:
📧 [email protected]
📱 WhatsApp: +66 62 189 9659
🟩 LINE: @realty
☎️ Office: +66 2 038 5897

Yes, foreigners can legally own condominium units in Thailand under what is known as the “foreign freehold quota.” Thai condominium law allows up to 49% of the total sellable floor area of a condominium project to be owned by non-Thai individuals or entities.

This quota ensures that foreign buyers can own the title deed outright in their own name, giving full legal rights similar to Thai nationals. However, it’s important to note that:

• The foreign buyer must remit funds in foreign currency into Thailand and document the transaction properly.
• The unit must be within the available foreign quota of the building at the time of purchase.

CondoDee specializes in assisting foreigners and expat investors in securing units within the foreign freehold quota. From document handling to quota verification and bank transfers, our team ensures a smooth and legal process for international buyers.

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