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The Buying Process … We will guide you through this

Once you have decided on a unit that best suits your needs …

A) Reservation:

Make a deposit of THB 100,000 (approx. USD 2,900) which is completely recoverable by deduction from the final payment.

B) Signing:

The Sales and Purchase Agreement is to be signed within 30 days of the reservation.
A 25 percent payment of the unit price is required upon the signing of the agreement.

C) Installments:

Please contact us for prices and payment details at info@modenacondos.com

D) Money Transfer:

  1. Set up local bank account in Thailand in the name of purchaser and forward funds into the account.
  2. Transfer funds to Sukhothai Capital account and Sukhothai Capital shall organize all appropriate paperwork/certificate. (see below)
  3. In the case the property is purchased via a Thai company, transfers can be made directly to the company bank account.

Payment Procedure

Foreigners are required to remit at least USD 20,000 into Thailand per transfer to receive a FOREX Transfer Form. This form will be needed to transfer the unit under foreign ownership and also remit money back out of Thailand if so needed in the future.

Note: Conversion to Thai Baht has to be done in Thailand and not before transfer is made into the country. Furthermore, instruction on transfer must state for the purchase of property.

Additional Expenses

  1. Transfer fee - Calculated as 2% of the sales price.
    50% paid by Sukhothai Capital
    50% paid by Purchaser upon transfer of title deed.
  2. Sinking Fund – The sinking fund for the condomiums and villas is THB 540.- per. sq.m. payable upon transfer of title deed.
  3. Monthly management fees – THB 45.-/sq.m. for condos and THB 25.-/sq.m. for villas.

Note: The management/maintenance fee is used for general monthly maintenance of the building, common areas, security, pool maintenance, etc. in accordance with the Thai Condominium Act.

For more information : info@modenacondos.com

Disclaimer - Information provided should be used for guideline only. Please refer to our professional sales team and/or a legal advisor before buying a property in Thailand