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Phuket, Thailand’s largest island, has emerged as a premier destination for real estate investment, offering a blend of tropical beauty, modern infrastructure, and a thriving tourism industry. At Investment Property Phuket, we are committed to providing you with accurate and up-to-date information to guide your investment decisions. This comprehensive FAQ guide covers essential topics, including general property inquiries, off-plan investments, under-construction projects, ready-to-move-in properties, resale options, and commercial sales and leases.
1- Can foreigners’ own property in Phuket?
Yes, foreigners can own condominiums outright, provided that foreign ownership does not exceed 49% of the total unit space in a condominium building. For land and houses, foreigners can lease land for up to 30 years, with possible renewals, or set up a Thai company to purchase land, subject to legal requirements.
2- What types of property ownership are available in Thailand?
The main types are Freehold and Leasehold. Freehold offers full ownership rights, typically for condominiums. Leasehold allows the use of land or property for a specified period, commonly 30 years, and is often used for villas and houses.
3- What are the common land title deeds in Thailand?
The most secure is the Chanote title, which provides full ownership rights. Other types include Nor Sor 3 and Nor Sor 3 Gor, which have certain restrictions and are less precise in terms of land boundaries.
4- Are there property taxes in Thailand?
Thailand imposes a Land and Building Tax, which varies based on property type and usage. Additionally, there are transfer fees, stamp duties, and specific business taxes applicable during property transactions.
5- What is the process of buying property in Phuket?
The process includes selecting a property, conducting due diligence, signing a Sales and Purchase Agreement, transferring funds (for foreigners, from abroad), and registering the property at the Land Department.
6- Do I need a lawyer to buy property in Phuket?
While not mandatory, it is highly recommended to engage a lawyer to review contracts, conduct due diligence, and ensure a smooth transaction process.
7- Can I get a mortgage in Thailand as a foreigner?
Foreigners face restrictions in obtaining mortgages from Thai banks. Some banks offer loans to foreigners under specific conditions, but many investors opt for financing from their home country or pay in cash.
8- What are the typical costs associated with buying property?
Costs include a transfer fee (2% of the appraised value), stamp duty (0.5%), specific business tax (3.3% if sold within five years), and legal fees.
9- Is property insurance mandatory?
While not legally required, property insurance is advisable to protect against unforeseen events such as natural disasters or accidents.
10- Can I rent out my property in Phuket?
Yes, renting out property is common. However, short-term rentals (less than 30 days) may require a hotel license. Long-term rentals are generally straightforward.
11- What are the visa options for property investors?
Thailand offers various visa options, including the Long-Term Resident (LTR) visa for investors, retirees, and professionals. Requirements vary based on the visa type.
12- How is land measured in Thailand?
Land is measured in Rai (1 Rai = 1,600 sqm), Ngan (1 Ngan = 400 sqm), and Wah (1 Wah = 4 sqm).
13- What is the role of the Land Department?
The Land Department oversees property registrations, title deeds, and ensures legal compliance in property transactions.
14- Are there restrictions on property resale?
Foreigners can resell their property. However, taxes and fees apply, and it’s essential to ensure all legal documents are in order.
15- What is due diligence in property buying?
Due diligence involves verifying the property’s legal status, checking for encumbrances, confirming ownership, and ensuring compliance with zoning laws.
16- Can I own multiple properties in Thailand?
Yes, there are no restrictions on the number of properties a foreigner can own, provided they comply with ownership laws.
17- What is a usufruct agreement?
A usufruct grants the right to use and benefit from a property without owning it. It’s commonly used for lifetime occupancy agreements.
18- Are there property management services available?
Yes, numerous companies offer property management services, including maintenance, tenant sourcing, and rent collection.
19- What is the significance of the 49% foreign ownership quota in condominiums?
Thai law allows foreigners to own up to 49% of the total floor area of all units in a condominium building. The remaining 51% must be owned by Thai nationals or entities.
20- How can I verify a property’s title deed?
You can request a copy of the title deed and have it examined by a legal professional or at the Land Department to ensure its authenticity and check for any encumbrances.
Investing in off-plan property in Phuket offers an excellent opportunity for early-stage gains, customisation options, and lower entry prices. As Phuket’s real estate market continues to grow, off-plan investments remain a popular choice for both seasoned and first-time investors. This guide will answer your most pressing questions and help you navigate the off-plan sector with confidence. Whether you’re looking for a holiday retreat, rental yield, or long-term investment, this section is your definitive resource.
1- What is off-plan property?
An off-plan property is a property that is available for purchase before construction is completed, or in some cases, before it begins.
2- What are the advantages of buying off-plan in Phuket?
Lower prices, flexible payment plans, modern designs, and higher capital appreciation potential are major benefits.
3- Is buying off-plan in Phuket safe?
Yes, if you work with reputable developers and conduct proper due diligence with legal guidance.
4- How much deposit is typically required for off-plan purchases?
Generally, deposits range from 10% to 30% of the total price, depending on the developer.
5- Can foreigners buy off-plan property in Thailand?
Yes, foreigners can legally buy off-plan condominiums and lease off-plan villas or houses on leased land.
6- What should I look for in an off-plan developer?
Check their track record, financial stability, completed projects, and buyer reviews.
7- How is ownership transferred in off-plan purchases?
Ownership is officially transferred once the development is completed and registered at the Land Department.
8- What risks are associated with buying off-plan?
Delays in construction, changes in design, or financial issues with the developer can occur. Due diligence mitigates these risks.
9- Are there penalties for withdrawing from a purchase?
Yes, you may lose your deposit or face additional penalties based on the contract terms.
10- What is the expected timeframe for construction completion?
Most off-plan projects in Phuket take between 12 to 36 months to complete.
11- Can I resell an off-plan property before completion?
Yes, many developers allow resale during the construction phase, but it depends on the contract.
12- Are there financing options for off-plan property?
Typically, buyers pay in instalments. Thai banks may offer limited financing to foreigners.
13- Can I customise the design of an off-plan property?
Some developers allow for customisation, especially in the early stages of construction.
14- Will the off-plan property be furnished?
This depends on the developer. Some offer fully furnished options, while others sell bare units with furniture packages.
15- How is the payment schedule structured?
Payments are made in stages aligned with construction milestones: deposit, foundation, structure, roofing, interior, and completion.
16- What is the difference between leasehold and freehold off-plan?
Freehold gives you full ownership (condos for foreigners), while leasehold is typically for villas or houses on land leased for up to 30 years.
17- Is VAT included in the price of an off-plan property?
It depends. Some prices include VAT, but it’s best to confirm with the developer or your lawyer.
18- Can I inspect the property during construction?
Yes, developers usually allow inspections at key stages. It’s recommended to visit or appoint a local representative.
19- Are off-plan properties eligible for rental programs?
Many developers offer rental management programs with guaranteed returns for off-plan units.
20- What documents should I receive during the purchase?
Contract of sale, payment receipts, floor plans, title deed or lease agreement (post-completion), and government permits.
21- Do off-plan properties increase in value before completion?
Often, yes. Early buyers may benefit from lower prices and market appreciation during construction.
22- What legal protections do I have as an off-plan buyer?
A well-structured contract and professional legal assistance offer strong protection. Thailand’s real estate laws continue to improve.
23- Can I buy off-plan property remotely?
Yes, with a power of attorney and trusted legal counsel, many foreign investors purchase remotely.
24- Is there a warranty on off-plan property?
Most developers offer warranties on structural integrity and building defects, typically for 1-5 years.
25- Why choose Investment Property Phuket for off-plan investments?
We only work with trusted developers, provide full due diligence support, and guide you through every step to ensure a smooth investment experience.
Phuket’s property market is dynamic and forward-thinking, with under-construction developments offering exceptional opportunities for savvy investors, second-home seekers, and lifestyle-driven buyers. Whether you’re looking for a high-yield rental unit, a modern villa with premium finishes, or a strategic asset in an up-and-coming location, buying a property still under development can offer incredible value. This page is your essential guide to under construction property investments in Phuket. With over two decades of local market expertise, we’ve crafted this comprehensive FAQ section to answer your questions, clarify the process, and help you make confident, well-informed decisions.
1- What does “under construction” mean in the Phuket property market?
It refers to properties that are currently being built but not yet completed. These projects range from villas and condos to commercial spaces and resort-style residences.
2- Is it safe to buy property under construction in Phuket?
Yes, when purchased through reputable developers with a strong track record, and proper legal representation. Always conduct due diligence and use a trusted local agent.
3- What are the benefits of buying under construction properties?
Lower prices, flexible payment plans, modern design, customization options, and potential for capital appreciation before completion.
4- Are prices negotiable on under construction projects?
Often, yes. Developers may offer early bird discounts, launch promotions, or flexible pricing based on payment schedules or unit types.
5- Can I visit the construction site before buying?
Absolutely. Site visits are encouraged, and most developers’ welcome prospective buyers to tour the site and showrooms.
6- How do payment plans work for under construction properties in Phuket?
Typically broken into stages tied to construction milestones, such as deposit, foundation, structure, and completion. Each developer has a different schedule.
7- What are the typical deposit requirements?
Deposits range from 10% to 30% depending on the developer and the stage of construction.
8- Can foreigners buy under construction properties in Phuket?
Yes, foreigners can buy condominiums under their own name (up to 49% of total units) and leasehold or freehold land/villas under certain legal structures.
9- What documents should I ask for before committing?
Building permits, EIA approval (if applicable), sales and purchase agreement, land title deeds, and a copy of the construction timeline.
10- What legal steps are required?
Hire a local property lawyer to review all contracts, confirm land ownership, and ensure the development has the correct legal approvals.
11- How long do under construction projects usually take to complete?
Most projects range between 12 to 36 months, depending on scale and permitting.
12- Are there risks of project delays or cancellations?
While delays can happen due to weather or regulation changes, working with reputable developers and proper contracts minimizes risk.
13- Can I customize the unit during construction?
Yes, many developers offer customization options during early stages. This may include layout, materials, finishes, and furnishings.
14- Is financing available for under construction properties?
Financing options are limited for foreigners, but some developers offer in-house payment plans or instalment options.
15- How can I track construction progress?
Developers typically provide monthly updates, photos, and access to the site. Professional project managers or agents can also monitor on your behalf.
16- What happens if the developer doesn’t finish the project?
Legal remedies depend on your contract. This is why it’s crucial to use a vetted developer and legal counsel.
17- Are under construction properties eligible for rental income?
Not until completed, but many developments offer rental management services upon completion with guaranteed yield programs.
18- Do I need to be in Thailand to purchase under construction property?
No. The entire process can be done remotely through power of attorney and online communication with your agent and lawyer.
19- Is it better to buy early in the project or closer to completion?
Early buyers often get the best prices and unit selection, but late-stage buyers see what they’re getting. It depends on your risk comfort.
20- What types of under construction properties are most popular in Phuket?
Sea-view condominiums, luxury pool villas, serviced apartments, eco-living homes, and branded residences near beaches or golf courses.
21- Are there hidden costs when buying off-plan?
Possible costs include legal fees, transfer taxes, maintenance fees, and furniture packages. Always ask for a full cost breakdown.
22- How is the resale value of these properties once completed?
Strong, especially for well-located and high-quality developments. Many buyers see value appreciation upon project handover.
23- Can I flip an under-construction property before completion?
Some developers allow reassignment or resale of contracts before completion. This can be profitable in a rising market.
24- Do under construction properties come fully furnished?
It varies. Some are turnkey with full furnishings, others offer packages for an extra cost or are sold unfurnished.
25- Is there a warranty on under construction properties in Phuket?
Yes, developers typically offer warranties on structural elements (5-10 years) and shorter warranties on fittings and finishes (1-2 years).
Welcome to the definitive guide for buying ready-to-move-in properties in Phuket. Whether you’re seeking a beachfront condo, a modern villa, or a hillside retreat, this section answers the most common and most important questions from buyers. These properties offer immediate access, established communities, and no construction delays. Let’s explore everything you need to know.
Yes, many are in secure, managed estates with communal pools, gyms, or concierge services
Yes, but be sure to check building codes, community rules, and whether it impacts your rental potential.
At Investment Property Phuket, we handpick move-in-ready properties that meet our strict standards for quality, legality, and profitability. Whether you’re relocating, investing, or retiring, our mission is to match you with a home that’s hassle-free and primed for immediate enjoyment or income.
We’ll guide you through every step from viewings and legal checks to keys in hand
When it comes to smart property investment in Phuket, the resale market offers a wealth of opportunity. Whether you’re searching for a contemporary apartment in a managed development, a hillside luxury villa with ocean views, or a charming Thai-style home close to the beach Phuket’s resale properties deliver convenience, character, and value. Buying resale means no waiting for construction, full transparency on ownership and title, and often a fully furnished, turnkey home or rental unit.
At Investment Property Phuket, we specialize in sourcing and securing the best resale opportunities available on the island — handpicked for location, legal clarity, build quality, and investment potential. Explore your options with confidence, guided by Phuket’s leading experts in resale property.
Phuket is more than just a tropical paradise — it’s a thriving economic hub and one of Asia’s most exciting locations for commercial property investment. With over 10 million annual tourists and world-class infrastructure including airports, deep-sea ports, highways, and international schools, Phuket is perfectly positioned for entrepreneurial success.
Whether you’re looking to buy or lease a hotel, resort, beach bar, retail space, or office building, Phuket offers exceptional opportunities for both small business owners and global investors. Tourism, wellness, hospitality, and F&B industries continue to flourish, and commercial property in Phuket is in increasingly high demand.
At Investment Property Phuket, we specialise in helping clients navigate the commercial property market with clarity, professionalism, and local expertise. This comprehensive FAQ will help you explore your options and make informed, confident decisions.
We offer tailored support from search to sale, legal guidance, license assistance, and long-term strategy to help you succeed.
At Investment Property Phuket, we’ve carefully curated this comprehensive FAQ section to guide you through every stage of your property journey whether you’re buying your first beachfront condo, expanding your portfolio with a commercial property, or relocating to your dream villa in the tropics.
We understand that buying property abroad can raise many questions and while we’ve covered the most common ones here, no two clients or investment goals are ever the same.
If you have a question that’s not on our list, or if you’d like more tailored advice, don’t hesitate to get in touch.
Our experienced, friendly team would be more than happy to provide clear, expert guidance that’s specific to your situation.
Email us anytime or use the contact form below we’re ready to help you take the next step in your Phuket property journey.
Email us at: info@investmentpropertyphuket.com
Your peace of mind, long-term success, and satisfaction are our priority.
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