The information provided below is for general guidance only, if you have any specific questions please feel free to contact us.
A) Reservation – to reserve a particular unit buyers should make a deposit of THB 50,000. This is completely recoverable and is deducted from the balance.
B) Contract Signing – The Sales & Purchase agreement should be signed within around 15 days of the reservation being made and on the signing of the agreement, buyers will pay 20 % of the unit price.
C) Installments. 60% of the purchase price will be divided into regular monthly (or quarterly) installments over the construction period.
D) Balance on completion – payment of the remaining 20%.
*Please note that those buying within Thai Ownership Quota will be eligible for a discounted unit price and will automatically qualify for a weighted payment plan; 20% on contract, 30% installments and a final payment of 50%.
Unit price is 3,340,000 THB
Reservation deposit 50,000 THB
Contract Signing amount (20%) 668,000 THB
Installments during construction period (60%) 2,004,000 THB
Balance on Completion (20%) 618,000 THB*
* reservation deposit deducted from final payment
Payments should be made by bank transfer from either your local Thai Bank, or your bank overseas into the developments’ official bank account, details of which are provided within the Sales-Purchase Agreement.
Buying in Foreign Ownership & Transferring Money
These rules may be subject to change, so for the avoidance of any doubt, we recommend wherever possible all buyers arrange for their local Thai Bank to issue the Foreign Exchange Transaction Form for all remittances.
Costs of Ownership
Please also take into consideration the following expenses which do not form part of the unit price;
A) Transfer fees arising from registration of ownership – these fees are payable directly to the Land Registration Office and consist of Land Tax, Stamp duty etc.
B) Sinking Fund – This payment is calculated at the rate of 550 THB per Sqm and is payable upon handover. Sinking Funds are collected to cover ‘non-routine maintenance’ issues that may arise throughout the lifespan of the building.
C) Common Area Fees (also commonly referred to as ‘maintenance fees’) – These are used for general monthly maintenance of the building, servicing elevators etc., upkeep of common areas, security, pool maintenance, etc. The Common Area Fee is calculated at 45 Baht per Sqm per month, with the first years’ fees payable in advance upon unit handover.
D) Electricity and water meter registration fees. These are payable upon transfer
Need More Information?
Feel free to call into the Jewel Pratumnak Show Suites and Offices located on site at Kasetsin 1, Soi Rajchawaroon, Pratumnak Rd. Alternatively you can send your question to us by email at : firstname.lastname@example.org or contact your preferred estate agent.
Disclaimer: The above information is provided for guidance only. Buyers should independently satisfy themselves as to the legal requirements.