Modern condominiums in Pattaya attract foreign buyers with stylish architecture, installment plans, and promises of sea views...
What Counts as New Property in Thailand
Off-plan means buying directly from the developer, whether under construction or newly built but unsold...
What Documents Should the Developer Provide?
- Construction permit
- Land ownership document (Chanote)
- Environmental approval
- Company registration
Common Mistakes Buyers Make
- Foreign quota exceeded
- Contract in Thai without translation
- Furniture not included
- Delays in completion and title
How Payments Are Structured
- Reservation: 50,000–200,000 baht
- Down payment: 20–30%
- Installments during construction
- Final payment on handover
Beware of VAT, title registration, and FET form for transfers.
How to Check Developer Reliability
- Track record of delays
- Condition of previous projects
- Post-sale management
- Owner reviews
What to Request from Your Agent and Developer
- Official contract translation
- Signed floor plan
- Interior and furniture specs
- Payment schedule
New Build or Resale?
- New: modern, payment plans
- Resale: ready to inspect, quick ownership
Conclusion
Buying new property in Pattaya requires careful document checks. My Thai Home can help you avoid risks and make a smart investment.
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