Pulse Real Estate
PULSE REAL ESTATE

Sinking Fund When Buying Property in Thailand

The sinking fund is a one time payment made by every owner of a unit in a condominium development. It is calculated based upon the square metres of each individual unit.

The fund is used to cover the cost of major repairs and upgrades a condominium building and common areas.

In Phuket this fund fee in condominium developments ranges between 500 and 1,500 baht per square meter.

As an example of a 60 square meter condo unit in a development in Patong with a sinking fee of 500 Baht per square meter, the one time fund payment would be calculated as follows: 60 square meters x 500 THB per square meter = 30,000 THB.

Along with the common area fee, the sinking fund is an extra payment that is necessary when purchasing a condominium.

Alex Seago - agent for Pulse Real Estate

Alex Seago

Alex is from the UK and our Managing Director, overseeing the business, managing the sales team, and also taking on clients himself. Alex is also a fluent Thai speaker, who has been living and working in Thailand for almost two decades.

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