Welcome to GingerHomes!
This is our service for people looking to buy a home in Thailand as either a full time residence or a holiday home. Please read on if this is you…
If you are looking for investment property in Thailand, see our service called GingerLandlord here
This is a service provided exclusively by GingerAsia to offer you the very best property from around Thailand. We have carefully selected the best quality and best value property currently available in a number of key locations.
If you are looking for a dream home in the Land of Smiles, you have found the right place to start your search. We will help you choose what is right for you, guide you through the red tape and ensure the whole purchase process is painless.
Thailand offers a wide variety of home options for urban living in Bangkok to sea-view villas in many coastal locations. Prices and styles of homes vary considerably but can still be viewed as very affordable compared to other countries. The cost of living is also comparatively low compared to Europe and the US for example.
The choices you will need to make at some stage to narrow down your search will be the following:
Location – there are several main expat/holiday locations in Thailand ranging from the bustle of the capital Bangkok to the calm of one of the many holiday islands.
Type of property – the main choice is between condominiums and houses. Condos offer more security in every sense, are easier to maintain and generally appreciate more in the long run; houses offer more space, greater value for money at the outset and are a more traditional way of living.
New or re-sale – new property, particularly off-plan will normally offer greater appreciation and of course the latest features and home comforts whereas re-sale property offers better value initially and has that lived-in feel.
For further information, please contact us at gingerproperty@gingerasia.com Please include the following information to help us tailor our service for you:
Name
Country of residence
Contact number
Budget
Timescale
Type of property – house or condominium
Age of property – new/off-plan or re-sale
Preferred locations (if any)
We look forward to hearing from you and we assure you of our confidential and professional service at all times.
We have an extensive portfolio of beautiful homes and we have negotiated the best possible prices with the vendors in all cases.
Here is a recent example of homes of interest to our clients:
Whether you are looking for an intimate studio for weekend escapes... a multi bedroom condominium fit for family vacations, or an elegantly outfitted seasonal residence with all the comforts and appointments of home, we have properties available to fit your needs perfectly.
For some developments, a variety of floor plans await your choice and a fully furnished residence is an option too. This is Thailand living at its best.
Foreign freehold ownership of a condominium is allowed by Thai law. A condominium block may be up to 49% non-Thai ownership, if the developer has acquired the appropriate condominium license this can rise to 100%.
The overseas buyer has two possibilities of owning property in Thailand, these are freehold or leasehold options. If a condominium is still within its 49% quota for foreign ownership, freehold is available. The collective ownership of the individual condominium owners own the land on which a condominium is built, the majority being Thai shareholders. The corporate body, set up by the collective, governs the property.
Foreign buyers transfer the purchase funds in foreign currency from their bank (outside Thailand) to their Thai bank account. The Foreign Exchange Certificate, Thor Tor 3, is issued on receipt. This certificate is evidence that the account holder deposited the amount of money in foreign currency to an authorized local bank. All major banks in Thailand are authorized to issue a Thor Tor 3.
If a foreigner has permitted residence in Thailand under the Investment Promotion Act (IPA), a freehold to a condominium may also be purchased. The Board of Investment of Thailand issues permission to live in Thailand under the terms of the IPA.
The foreigner is oblidged to present his/her passport and a certificate from the Board of Investment of Thailand as proof of entitlement.
If the quota of foreign ownership of the condominium has been fully subscribed then leasehold is still an option. The effective lease period has a duration of 30 years, with 2 additional renewal periods of 30 years each, adding up to 90 years in total. However, note that the 2 additional renewals are not guaranteed.
