If you’re a foreigner who owns a condo in Thailand, you may eventually decide to resell the unit — whether to realize a profit, upgrade, or move on. Fortunately, reselling property as a foreigner is legal and straightforward, provided all documentation is in order and you understand the process.
This guide explains how it works, what to prepare, and key points to keep in mind.
Yes. Foreigners who own a condo under freehold title can legally resell it at any time — to either a Thai or another foreigner — as long as the foreign ownership quota (49%) in the building is not already full.
🏷️ If selling to another foreigner:
Check that the foreign quota in the building has available space.
👨👩👧👦 If selling to a Thai buyer:
No restriction applies.
Here’s a list of documents typically needed when reselling your Thai condo:
| Document | Purpose |
|---|---|
| Title Deed (Chanote) | Proof of ownership |
| Sales and Purchase Agreement | Contract between buyer and seller |
| Foreign Exchange Transaction Form (FET) | Required if buyer is a foreigner; proves foreign funds |
| Identification (Passport/ID Card) | Seller and buyer identification |
| Letter from Juristic Office | Confirms common fee payment and quota availability |
| Tax Clearance Certificate | From the Revenue Department, if needed |
Understanding the financial side is key. Here are the typical costs:
| Fee/Tax | Who Pays? | Amount / Rate |
|---|---|---|
| Transfer Fee | Often shared | 2% of the government-assessed value |
| Withholding Tax (Income Tax) | Seller | 1% (company) or based on income scale (individual) |
| Specific Business Tax (SBT) | Seller (if applies) | 3.3% if sold within 5 years (unless it’s your residence) |
| Stamp Duty | Seller (if no SBT) | 0.5% of assessed value |
| Agent Commission (if used) | Seller (typically) | Usually 3% of sale price |
Title: “Reselling Your Condo in Thailand: 6 Easy Steps”
Reselling a condo as a foreigner in Thailand is very possible, and many foreign owners do so profitably. With the right documentation, legal support, and a well-priced listing, you can complete the sale smoothly.
Whether you’re moving up, cashing out, or shifting investments, understanding the rules and taxes will help you navigate the process like a pro.
Thinking about selling your condo — or want to buy one with strong resale potential in mind?
Whether you’re looking to exit an existing investment or buy with an eye on future resale, having the right agent makes a real difference. We can help you price your unit correctly, find qualified buyers, and handle the process smoothly from start to finish. Get in touch and let’s talk through your options.
📧 Email: 💬 WhatsApp: +66 95 992 0345 🔵 Line: https://lin.ee/NNRglgs
