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Новые инвестиционные условия New Nordic Group. New Nordic Group меняет ставку рентного дохода для всех новых договоров.
Updated payment system and new terms of rental income for all new contracts.
Прогресс строительства проекта Lamai Resorts от New Nordic - 25 Декабря 2019. Краткий фото отчет прогресса строительства проекта Lamai Resorts от New Nordic - 25 Декабря 2019.
Photo report of construction progress of Lamai Resorts project by New Nordic - 25 December 2019.
Прогресс строительства проекта Coral Beach от New Nordic - 23 Декабря 2019. Краткий фото отчет прогресса строительства проекта Coral Beach от New Nordic - 23 Декабря 2019.
Photo report of construction progress of Coral Beach project by New Nordic - 23 December 2019.

Apartments in Thailand


The main specifics of apartments in Thailand:

There are three main apartments' type in Thailand:

Buy apartments in Thailand is quite easy and rather not expensive, but you should take into account few things:

  • Not every bathroom comes with the bathtub or shower tab
  • Bathtub is the exception rather than the common thing in Thailand. The main reason for it is the local hot climate.

  • Living area of the condo is calculated considering the outside walls, including the balcony area.
  • Common areas are not included into the condo price.
  • There is no centralized hot water supply. Accordingly, the only way to get a hot water is to use electric heaters. Normally they are installed in the bathrooms and quite rarely in the kitchen.
  • Thai internet is quite specific. Frankly said this is a subject for a separate article. Here we only briefly mention that it is better to use mobile 4G for any temporary matter, but in case you are going to buy property – the very best option is to pave optic fiber right to your place.
  • The washing machine is quite rare appliance in the condos. Washing itself is not an issue in this case. The problem is to dry the clothes with local extreme humidity. Because of this lot of people use nearby laundries.
  • Because of the high humidity in the condo, you either need to use the air conditioner, or prepare yourself to carefully monitor the clothes in the cabinets and electronic devices. Especially photo-optics. It is very likely that over time some of the things can become moldy.
  • Ceiling fan is a very convenient and money-saving thing.
  • There is no gas in any condominium, since the law prohibits it. All stoves are electric.
  • As a rule, any pets are not allowed in the condominium. From the moment, condominium is in our operation keeping any kind of pet is prohibited by the condo rules. In fact the decision on whether pets are allowed or not will be made on the first Annual General Meeting of the co-owners. Since there are not too many pet fans in Thailand it’s quite difficult to change this item in condo rules. This applies to any kind of pets. If you secretly start to keep pets in the condo and administration will find it out the fine will come shortly and you will be requested to “move away” the pet immediately. Thus, if you decide to buy condo instead of the house, keep in mind this detail.

How much condo costs in Thailand?

The condo price depends from many factors, but here are the main ones:

  • The price grows up with each next floor – the higher you get, the higher price is.
  • View from the condo means a lot. The condo with the breathtaking view can hit the wallet. That should be put into account if you are looking for the “cheap” beachfront condo.
  • Condominium facilities is another important thing that affects condo price quite a lot.
  • Finally, the pricing is fully at the discretion of the developer. Some developers sell foreign quota bit more expensive than Thai quota. Some do not make any price difference between foreign and Thai quota. Thus, the only way to find out how much does it cost to buy condo in Thailand is to look through the options from the trusted developers in good locations.

Probably one of the main reason that makes people buy property here is relaxing atmosphere at its best – especially near the sea, in beautiful and tranquil place. There are few specific moments as well.
Keep in mind that beachfront property here can be quite expensive. Beachfront property here is considered 200 meters from the shore. It is prohibited to build any high-rise project closer than that. At the same moment nobody can guarantee that there would be no building between you and the sea, for example if condo is located 300 meters from the shore. There is no “view-block” law now in 2017 in Thailand. Therefore, make sure when looking for the condo near the sea you choose the absolute beachfront projects.

Is it possible to buy condo in Thai quota and then transfer it to foreign quota?

Yes, it is. However, following procedure requires free foreign quota to appear in condominium, which happens quite rare. For example, foreign owner sells his unit to the Thai buyer, which automatically transfers ownership to Thai. It happens sometimes, and those who lucky and submit documents in time can get his unit in foreign quota.