Purchase Procedure in Thailand
We recommend who are interested in Thailand real estate project can visit Thailand to inspect the on-site environment and facilities around before the purchase the unit. For example for the project in Bangkok, Thailand, customers can make an appointment with our Hong Kong colleagues in Thailand for site visit tour. A one-on-one tour of Bangkok would arranged to see the real project and off-plan projects with you, also professionally to analyze different district, population and traffic conditions, finally choose the suitable area and real estate project according to the needs of customers no matter for self-use, investment or renting, which based on the budgets and preference basis.
💰Booking Fee and Down Payment
Filling in Booking Form after confirming your unit, please provide your identity card and passport copy, we will send to the developer accordingly. Then paying the booking fees by cash, cheque or bank transfer for confirmation, the said fee is refundable after 30 calendar days ONLY when down-payment received and SPA agreement is signed (Depends on the developer).
💱Notes for overseas purchaser remittance
Overseas buyer should be proceeded the down-payment with 14 days after booking by using Telegraphic Transfer (Thai Baht payment is NOT applicable according to Thai Law). And required to state the said amount use to buy a property in Thailand.
📝Sign SPA (Sales and Purchase Agreement)
Developer will issue credit advice and Sales and Purchase Agreement within 90 days after down-payment is proceeded, the SPA will be ready at our Hong Kong Sales Office for your earliest collection.
🏦Opening Thai Bank Account
Sales and Purchase Agreement is required to submit for opening bank account in Thailand, the account could be in use of rental payment and miscellaneous fees auto-pay.
We recommend buyer need to bring relevant document to open a bank account by your own in every branches. For those who purchase off-plan project can also open a bank account with the document, and normally can get your bank book and card at one. Opening hours of bank branch in shopping mall is longer and also open on Saturday and Sunday, more flexible and convenient for buyer. Personal preference and online banking accessibility also the issues that buyer can choose your suitable bank.
📐Inspection and Final Payment
You will be able to proceed an inspection of your own unit once developer has confirmed the completion, customer can kindly contact us for inspector services. The title deed and keys are will be ready within 60 days after final payment and full transfer is completed.
Yizheng Overseas Real Estate | Zupreme C&C
Unit deposit and down payment
After the customer chooses the desired unit, they need to fill in the booking form, together with a copy of the ID card and passport, we will send the information to the developer together, and the deposit must be paid in cash, cheque or bank transfer to confirm the unit. The deposit will be refunded within about 30 days after the first instalment is paid and the sale and purchase agreement is signed (varies according to different developers).
Notes for overseas buyers remittance
According to Thai law, the funds for the purchase of real estate projects in Thailand by overseas buyers must be paid to the designated account in non-Thai baht foreign exchange. Generally, it is necessary to indicate the purpose of the funds in the wire transfer document for the purchase of Thai properties. The first payment must be made within 14 days of booking.
Sign the sale and purchase agreement
The developer will issue the sale and purchase agreement and telegraphic transfer receipt in duplicate within about 90 days, and the sale and purchase agreement can be signed at our Hong Kong office.
Open a Thai bank account
The sale and purchase agreement of the real estate project can be used to open a Thai bank account, and the opened account can be used for the tenant to pay rent and automatic debit.
Therefore, to open a bank account in Thailand, customers who buy a property must bring all relevant documents to any branch in Thailand in person. During the off-the-plan period, you can open an account with the purchase and sale contract. Generally, you can open an account on the spot and get an account passbook and bank card. If you want a more flexible and convenient processing time, you can choose to go to a bank branch in the shopping mall. Such branches generally have longer business hours and will also be open on Saturdays and Sundays. Guests can choose the bank that suits them according to their preferences or considering factors such as the convenience of online banking.
Acceptance of the unit and payment of the final payment
When receiving the notice from the developer, the guest can arrange a day for the building inspection process. If you need professional building inspection services, please contact us to arrange. Afterwards, the accounting department will issue telegraphic transfer instructions for the balance and miscellaneous fees, and the title deed and keys will be ready within about 60 days after the final payment is paid.