Buying Info

Buying Process

The buying process is a relatively simple procedure which can be conducted locally in Thailand or from abroad. After you decide which project and property is right for you, both parties will sign a “Reservation Form” which is simply a document defining both party’s intent to buy and sell the specific property. At this point, a “Booking Fee” is also due to Red Lotus. We maintain generous payment schemes for all of our developments. The “Booking Fee” is typically 100,000 – 200,000.- Baht depending upon the project. Within a month’s time after the booking, a 25% payment is due along with the signed sale and purchase contract. Remaining payments of 25% each are set according to the construction progress, up until the transfer of the property wherein 100% payment is due. The property is then rightfully owned and enjoyed by you.

At present, Thai law is more lenient in terms of the residence available for the foreigners, permitting the foreigners to take ownership in the apartment (condominium) unit up to 49 percent of the total aggregated area of the apartment. Therefore, it is not a hassle any longer if you wish to have a residential place of your own in Thailand.

It is such an easy step-by-step. Just pick the condominium which serves your lifestyle, prepare the necessary documents, and follow these steps.

Reservation:
Present your passport together with 1 copy (For the customer who experienced buying realty, the spelling of name and last name in Thai language must be identical to those written on the document used in all other realty buying.) and the down payment money at the amount as designated by the Project. For more information, please ask the sale representative at the Project.

Money Transfer to buy the condominium unit. There are 3 methods you can choose for your most convenience.

1. Open a saving account with any bank in Thailand. The account name must be identical to the buyer’s name.
2. Transfer money to the bank account of Sansiri Plc. or prepare a bank draft payable to Sansiri Plc. Then, we will arrange all documents necessary for the transfer for you.
3. If the condominium unit is bought under the company name which has been registered under the Thai ownership, the customer can transfer money directly through the company’s bank account.

Remarks

In transferring money, the customer has to specify that this money is a payment for the condominium unit, including the full amount of buying price.

The minimum amount of money transferred is 20,000 dollar*
(*the minimum amount is subject to change, the customer can check the most recent money transfer at the Bank of Thailand).
Then, the bank will issue Foreign Currency Transaction Form for you.
Please keep all Foreign Currency Transaction Forms to use in the process of ownership transfer. The total amount of money transferred must govern the net price of the condominium unit bought.

Ownership transfer consists of

1. Passport stating the customer’s nationality and a Domicile Document (Tor Mor.11Mor Form, Tor Mor.15 Form, or Tor Mor.17 Form) issued by the Immigration Office, National Police Bureau, or an Alien Identification Document.
2. Evidence showing the importation of foreign currency into the Kingdom or the evidence showing the deposit of money into the foreign currency bank account (Tor.Tor.3 Form). The total amount of money as shown in all evidences must govern the net price of the condominium unit bought. Tor.Tor.3 Form is available at any Thai commercial banks, with the signature and the bank seal on such form.

The details as stated above are the preliminary steps. Please ask for more information and details from our sale representative. Or, you may contact the Customer Relations Department of Sansiri Plc. at tel. 02-201-3999 or e-mail: cs@sansiri.com