Phuket property direct from developers — 34 projects, 2 382 priced units Get a shortlist
Guide

How to buy property in Phuket
as a foreigner — step by step

Six steps from shortlist to Land Office registration: freehold and leasehold, paying from abroad with the FET form, developer payment plans, taxes, visas and how to check a developer.

6steps
49%freehold quota
2%transfer fee
30+30years leasehold
Step by step

Buying property in Thailand: how the deal runs

01

Shortlist

Goal, budget, area; we compare 2–4 projects on developers’ price lists and payment terms, and show them online or on the island.

02

Reservation

A reservation fee of ฿100–300K locks the unit and price for 14–30 days while the developer prepares the contract.

03

Due diligence & contract

Chanote, building permit, EIA, sales licence; the contract in English and Thai, with your own lawyer if you wish.

04

Payment

International transfer in foreign currency to the developer’s account; the bank issues the FET form. We match the route to your bank.

05

Payment plan

20–35% on signing, interest-free stage payments during construction, the balance at handover.

06

Registration

Handover and title registration at the Land Office: freehold in your name, leasehold as a 30-year renewable lease.

In detail

What to know before you buy

Freehold and leasehold

A foreigner can own a condominium unit outright (freehold) within the 49% of a building’s area the law reserves for foreigners. The other 51% sells on 30-year leasehold, renewable up to 90 years; those units are 10–15% cheaper. A house and its land: leasehold or a Thai company only.

Can Americans and other foreigners buy?

Yes — nationality does not matter. US, UK, EU, Australian and Asian citizens buy condos freehold on the same terms; there is no residency requirement and no need for a Thai partner. The one rule is that the purchase money must come from abroad in foreign currency, documented by the receiving bank’s FET (Foreign Exchange Transaction) form.

Taxes and costs

One-off: a 2% transfer fee (usually split with the developer), a sinking-fund contribution of ฿500–1,000 per m² and a utilities deposit. Annual: common-area fees of ฿40–80 per m² per month. Property tax on a single residential unit under ฿50M is negligible (0.02% of the assessed value).

Visas and residency

Buying property does not grant a visa by itself. A unit above ฿10M supports a yearly renewable investment visa; an investment from $250,000 counts towards the 10-year LTR visa; for ฿4–8M budgets buyers usually use Thailand Privilege or the DTV.

Checking the developer and the agency

From the developer: the Chanote land title, building permit, EIA and sales licence; from the agency: a direct agreement with the developer (we sell on direct contracts with no buyer commission) and a Thai legal entity. Judge reviews by completed buildings, not renders.

Resale property

On the resale market a foreigner can buy units from the freehold quota; the checks are the Land Office extract, no outstanding common-area fees and the seller’s tax. Liquidity is highest for condos in Bang Tao and Surin; completed Harmony buildings in the catalogue have resale units.

Questions & answers

Frequently asked questions

Yes. A condominium unit is owned freehold within the 49% foreign quota of each building; a villa is held via a land lease or a Thai company. The only requirement is that funds arrive in Thailand from abroad in foreign currency.

Yes, on the same terms as any foreigner: freehold condos within the 49% quota, no residency or partner required. US citizens should keep the FET form for the transfer and report the foreign asset under US rules (FBAR/FATCA) where applicable.

For a condo from a developer — yes: reservation, contract, stage payments and registration typically take 4–8 weeks, and everything can be done remotely by power of attorney. Villas take longer because of the land lease or company structure.

No: reservation, contract and payment are handled remotely, registration at the Land Office by power of attorney. Many buyers first see their unit when they collect the keys.

About 2% transfer fee (often split with the developer), a sinking-fund contribution of ฿500–1,000 per m² and a utilities deposit. We send the exact estimate with the price list.

Not automatically. A unit above ฿10M supports a yearly renewable investment visa; $250,000 or more counts towards the 10-year LTR. For smaller budgets — Thailand Privilege or the DTV.

Free shortlist

Get the price list and floor plans

We send the developer’s current prices, payment plan and a yield estimate. Reply within 24 hours, in English.

Send a request

A shortlist of Phuket projects — free.

No obligation · Reply within 24 hours

✓ Thank you! Your request is in — we will get back to you within 24 hours.

Get a Phuket shortlist