Get in Touch
×
Request details
Bedrooms
Studio
1
2
3
4+
Size [sqm]
min
 
max
Price [฿]
min
 
max
Price [฿]
min
 
max
Join our facebook
Join Our PropertySights Community on Facebook! Get exclusive early access to new listings, expert advice, market insights, and connect with fellow enthusiasts. Plus, enjoy special member-only perks.
propertysights88
Thai Residency Via Investment Visa and How to Obtain It
For more details

FAQ

PropertySights Real Estate is here to provide answers to all questions related to the real estate sector in Thailand, as follows:

  • Advantages of Real Estate Investment in Thailand 2024
  • Top 14 Tips For Great Real Estate Investment in Thailand
  • The Importance of Property Developers in Thailand
  • A Complete Guide For Property Law and Tax in Thailand
  • A Step-by-Step Guide To Transferring Property Ownership For Buyers or Sellers In Thailand

How can we help you?

You can browse below to find the topic you are looking for

Frequently Asked Questions

Does Capital Growth Calculated on Rental Yields Return?
No. It is because capital growth is the appreciation of the property you purchase over the period compared to its purchase price, while rental yield is the income you make from the property rented out relative to its purchase price expressed as a percentage.
Does Rental Escalations Increase the Rental Yields Returns?
Yes, rental escalations increase the rental yield returns. With its widely flourishing tourism, Thai real estate valuation has improved a lot over the years, and so have the rental prices.This will only mean that the real estate industry will drive up, and so will the rental yield. It is because when an owner increases the monthly rental of the tenants, this escalation will increase the expected yearly rent and the rental yield on the said property.
What is a 'good' Rental Yield Returns in Thailand?
A good rental yield returns in Thailand can vary from your choice of property relative to the features of the property, factors to consider, economic and market conditions and property type.Generally, rental yield return that is good in Thailand range from 5% to 10%; however, getting higher yields in particular areas is achievable depending on economic growth, developed areas, market prices and local market conditions.
Is it difficult to transfer the property ownership as a foreigner in Thailand?
The process may seem complex, however, with the right preparation and documentation it doesn’t need to be difficult. At PropertySights, we also provide an ad hoc service for property ownership transfer service.
How long does it take to transfer real estate ownership in Thailand?
The timeline for transferring real estate ownership can vary depending on various factors, such as whether the property is still under development or has already been built.
How much does it cost to transfer the condo title deed in Thailand?

The cost of transferring a condo title deed in Thailand includes various taxes and fees.

  • Transfer fee is 2% of the value of the condo as appraised by the government.
  • Specific business tax is 3.3% of either the sale price or the government appraised value, whichever is higher. This is paid by the seller.
  • Stamp duty is 0.5% of the appraised or actual sale price, whichever is higher, and is usually paid by the seller.
  • Depending on the seller’s status as a company or an individual, the individual withholding tax can range from 1% and up.
Does Tabien Baan Confirm Ownership of a Property?
No, Tabien Baan does not serve as a legal confirmation of a property’s ownership. It may list the property’s owner, but this is different from legal proof of ownership, which would appear in a land title deed.
Is It Possible To Use the House Registration Book as a Collateral for a Mortgage?
No, the house registration book cannot be used in mortgage applications as it doesn’t provide proof of property ownership. A land title deed on any owned property would work instead.
Can I Register My Newborn Child to My House Registration?
Yes, you can register your child to your house registration only if that book is the appropriate type for your child. In other words, if your child has Thai citizenship or permanent residency they must be registered to a blue book. If they’re non-Thai and a non-permanent resident, they would need to be registered in a yellow Tabien Baan.
Is It Possible To Have the House Registration Book Nameless?
Yes, house registration books can be nameless if there are no tenants associated with the property or those tenants prefer to be registered elsewhere. Also, the blue house registration book associated with a property can be nameless if the owner is a non-permanent resident and there are no Thai nationals living there.
What Should You Do if You’ve Lost the House Registration Book?
In the event that you lose your house registration book, first confirm whether anyone is listed as the homeowner. From there, take the following steps depending on whether or not the homeowner is listed in the Tabien Baan.
Home Owner ListedNo Homeowner (tenant)
1. Owner takes their ID to the local office and starts a new house registration application process1. Person with property rights can begin the process at the local district office by supplying documents proving ownership (title deed, purchase and sale document, etc.)
2. The owner can also authorize someone else to do this if they supply power of attorney and the ID of both the owner and representative2. Owner can also authorize a representative to do this in the same way as the ‘home owner listed’ option
3. Wait for approval3. Prepare any other documents necessary for re-application like IDs, marriage certificates, etc.
4. Wait for approval

The Tabien Baan process can seem overwhelming, but once you sort it out it can make your life in Thailand a lot easier. For more information on making your life over here easier and help with other property services, get in touch with PropertySights Real Estate today.
What Condo Fees Are Charged by the Condominium Juristic Office?
A condominium juristic office generally charges yearly maintenance and management fees for each unit based on square meter size of ownership. These fees go toward things like security fees, cleaning, and elevator maintenance. There’s also a one-time ‘sinking fund’ based on the unit size and paid upon purchasing the unit. This goes toward larger developments and repairs of the building.
Is There an Annual Property Tax for Foreigners in Thailand?
Yes, there is an annual property tax for foreigners and locals in Thailand, that was introduced via the 2020 Land and Building Tax Act. For residential properties, the rate is set at 0.3% of the appraised value (re-evaluated every four years) of property owned on January 1st and is payable from April of the same year.
Is There an Inheritance Tax for Foreign Property Owners in Thailand?
Yes, according to the Inheritance Tax Act of 2015 any inheritance amount above 100 million Thai baht is taxable, including property. This is taxed at 5% for family heirs and 10% for anyone else. Spouses are not taxed regardless of value according to Thai inheritance law.
What Are The Property Rental Income Taxes In Thailand?
Property rental income taxes in Thailand fall under the same category as other income or business transactions. However, if a property is owned by the same person or persons who occupy it, the tax is not applied. Because of this, the total amount is highly variable, based on personal income tax (PIT) level and taking various deductions into account.Since owners don’t pay House and Land tax on rental income from furniture and services, it’s possible to reduce this tax by taking the total rent and spreading it between that and rent for furniture and/or services.In the case of companies, tax is unavoidable as this is considered commercial use. The rate is 12.5% of the property’s actual or estimated annual rental value, whichever is greater. Also, corporate property owners registered for the Value Added Tax (VAT) pay a 7% tax on income from furniture and service.
What Is the Personal Income Tax (PIT) For Foreigners?
The Personal Income Tax (PIT) for foreigners is a percentage fee that’s levied based on your yearly income from all income streams. The base rate is 5% and it goes all the way to 35% for those making over 4,000,000 baht per year.Private ownership law and taxes in Thailand can seem complicated, but owning a condominium is relatively simple for foreigners. To help make it even easier, consider recruiting the help of PropertySights real estate.
Is it possible to work in Thailand while on an Investment Visa?
No, Thai Investment Visas do not allow you to work in Thailand. You can, however, work in Thailand provided you have a work permit. You would also be required to disclose your addresses every three months.
Can I mix and match assets to achieve the 10 million Baht requirement?
Yes, investors can combine assets to fulfill the minimum investment criteria, such as purchasing a condo and placing additional cash in a fixed deposit account.
Is the Investment Visa applicable to secondhand properties?
No, the visa program only applies to new-construction condominiums purchased directly from a developer.
How long does it take to get a business visa?
The procedure usually takes one to three months.
Is Real Estate Appraisal Recommended in Thailand?
Yes, real estate appraisal is recommended in Thailand because it provides more accurate information that can be crucial during a property transfer. This information may lead to a more favorable transaction for you.
How Much Does It Cost To Appraise a Property in Thailand?

The cost to appraise a property in Thailand varies depending on the property type, size, and the evaluator’s fees. The Thai Valuers Association outlines standards for categories like residential, commercial, and industrial properties.

According to this scale, appraisal fees are as follows:

  • Condo units are below 10,000 Baht for less than 50 sqm and 25,000 Baht or more for 200 sqm and beyond.
  • Detached houses start at 20,000 Baht for 70 square wah and the fee increases up to a property size of 3 rai.
  • Land is from 4,000 Baht to 17,000 Baht with the appraisal fees generally changing based on the size of the property in question.
Is There a Professional Real Estate Association for Appraisal in Thailand?

Yes, the Thai Appraisal Foundation (TAF) and the Thai Valuers Association are the professional real estate associations for appraisal in Thailand.

Check in with PropertySights Real Estate for up-to-date info on market conditions and help with all your Thai real estate needs.

Subscribe to Our Newsletter

Find more about the latest real estate offers
Scan this QR code or
add our line id: sing2022
en_USEnglish