Bangkok has become an attractive destination for Singaporeans looking to invest in property. With lower prices compared to Singapore’s real estate market and high rental yield potential, it’s no surprise that more Singaporeans are considering buying a condo in Thailand’s capital. But what are the legalities, and how can Singaporeans safely purchase property in Bangkok? This guide will walk you through everything you need to know.

Can a Singaporean Buy Property in Bangkok?

Yes! Singaporeans can buy property in Bangkok, but with certain restrictions. Foreigners are allowed to own condominiums outright under the Thailand Condominium Act, as long as foreign ownership in the building does not exceed 49% of the total unit space. However, land ownership is restricted, meaning foreigners cannot directly own land in Thailand.

What Types of Property Can Singaporeans Buy in Bangkok?

✅ Condominiums (Freehold)

• Singaporeans can legally own condos in Bangkok under their name.
• The condominium project must not exceed 49% foreign ownership.
• Freehold condos offer full ownership rights.

❌ Landed Property (Not Allowed for Foreigners)

• Foreigners cannot own land directly.
• Alternative: Leasehold agreements (30 years) or setting up a Thai company (with limitations).

🏢 Leasehold Properties

• Some developers offer long-term leasehold options (30 years, renewable).
• A leasehold unit does not provide the same security as a freehold condo.

Steps for Singaporeans to Buy a Condo in Bangkok

1. Find the Right CondoWork with a reputable Singaporean property agent in Bangkok (like David Ng from RE/MAX Executive Homes Bangkok) to find foreigner-eligible properties.
2. Check Foreign Quota
3. Ensure the condo project is within the 49% foreign ownership limit.
4. Transfer Funds from SingaporeThe money must be transferred from overseas in foreign currency. The bank will issue a Foreign Exchange Transaction Form (FET), required for property registration.
5. The money must be transferred from overseas in foreign currency.
6. The bank will issue a Foreign Exchange Transaction Form (FET), required for property registration.
7. Sign the Sales & Purchase AgreementPay the deposit (usually 10-20%) and review the contract.
8. Final Payment & Ownership TransferPay the remaining amount before the transfer date.Register the property at the Land Department.
9. Pay the remaining amount before the transfer date.
10. Register the property at the Land Department.

Costs & Taxes for Singaporeans Buying Bangkok Property

Why Singaporeans Invest in Bangkok Property

• Lower Prices: Luxury condos in Bangkok cost significantly less than those in Singapore.
• High Rental Yield: Some areas offer rental yields of 5-7% annually.
• Lifestyle & Retirement: Bangkok is a preferred destination for Singaporeans seeking a second home.

Work with a Trusted Singaporean Property Agent in Bangkok

If you’re a Singaporean looking to buy, sell, or invest in Bangkok property, working with a trusted Singaporean agent makes the process smoother. David Ng from RE/MAX Executive Homes specializes in helping Singaporeans navigate the Bangkok real estate market.

Contact David Ng Today!