The Definition of Condo and Apartment in Thailand
08 Mar 2024
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Let's dive into the definition of condos and apartments in the Thai context. This distinction is crucial for understanding the real estate market and housing options available in Thailand. These two types of real estate hold significant differences regarding ownership rights, legal terms, and lifestyle. Here are the key differences between condos and apartments in Thailand to help you decide which fits your living or investment.
The Definition of Condos and Apartments in The Thai Context
In the Thai context, apartments refer to residential units in a building or complex that are available for rent. Unlike condominiums, where each unit is individually owned.
The Definition of Apartment in Thailand.
Apartments in Thailand come in various sizes and styles, catering to different budgets and preferences, from basic units to luxury apartments with high-end amenities.
Legally, apartments in Thailand are governed by different regulations than condos, primarily focusing on rental operations rather than ownership. Tenants in apartments typically have less freedom to make alterations or renovations to their units compared to condo owners. Moreover, the services, maintenance, and management of the building are handled by the landlord or a management company, providing a more hands-off living experience for tenants.
The Definition of Condo in Thailand
Condominiums, also known as “Condos,” come in various sizes and styles, similar to apartments, but the main key difference is the ownership rights. In Thailand, the foreigner can purchase and own the condo units within the foreign ownership quota of the condominium.
The condo ownership also comes with privileged access to the common areas, for example, the swimming pool, gym, etc., with management handled by a juristic person or a management team elected by the unit owners. This setup ensures the maintenance and security of the building, enhancing the living experience.
The Pros and Cons of Living in a Condo and an Apartment in Thailand.
To help you decide which type of real estate seamlessly suits your lifestyle. Here are the comparisons between the pros and cons of living in a condo and an apartment in Thailand.
The Pros of Living in a Condo
Low Maintenance: The juristic person or a management team is responsible for exterior maintenance, landscaping, and repairs.
Security: Many condominiums offer enhanced security features, including gated access, security guards, surveillance cameras, and secure parking.
Amenities: Condos often come with a wide range of amenities, such as swimming pools, fitness centers, clubhouses, and social areas.
Affordability: Condos can be more affordable than houses, especially for prime locations in urban areas.
Investment Potential: Due to the owner’s authority, owners have the right to sell or rent out their units as a source of income.
The Cons of Living in a Condo
Limited Space: Condos offer limited living space compared to standalone houses.
Restrictions on Alterations: The owner has immunity to renovate their unit under the alteration terms and conditions.
Limited Parking: In urban areas, parking can be a significant issue, with some condos offering limited or expensive parking options.
Building Tax and Maintenance Fee: The building tax rate is calculated based on progressive rates ranging from 0.01-0.7% of the net appraised value of the condo unit. Moreover, the owner has to pay a maintenance fee to the condo’s juristic person.
The Pros of Living in an Apartment
Lower Initial Costs: Renting an apartment typically involves lower upfront costs than buying a condo.
Low Maintenance: The landlord is responsible for repairs and upkeep, which means less hassle for tenants.
Amenities: Many apartment complexes in Thailand offer a range of amenities, such as swimming pools, fitness centers, etc.
Security: Apartments in Thailand typically provide good security features, including guards, CCTV cameras, and key card access, offering peace of mind to residents.
No Building Taxes: The apartment tenant is not responsible for paying the building taxes.
Ease of Relocation: Living in an apartment offers the ease of relocation without the burden of selling a property before moving.
The Cons of Living in an Apartment
Lack of Ownership: Unlike condos, living in an apartment doesn't offer any ownership rights.
Less Community Control: The tenant doesn’t have authority in the management of the building and amenities.
Security Deposit: The landlord has permission to keep the security deposit in case the tenant damages any property.
Short-term Stability: Apartment leases typically offer less stability than ownership.
The Suggestion of 5 Apartments for Rent in Bangkok
Here are 5 apartments for rent in Bangkok for those who looking for flexibility to relocate lifestyle.
1. Jitimont Residence
A pet-friendly apartment for rent in the Thonglor, an urban area of Bangkok. The Jitimont Residence is located 230 meters near the famous J-Avenue, one of the most popular shopping malls in Thoinglor. Several Japanese, Italian, Thai, and Korean restaurants are also located in the immediate area around the residence.
Living at the Jitimont Residence will offer you an indistinguish lifestyle with fully-equipped facilities such as an indoor and outdoor playground, swimming pool, fitness, Sauna & Steam room, and shuttle service.
Recommended unit: 1 Bedroom, 1 Bathroom, 53.40 sq.m click
2. The S59 Ex2. P.R. Home II
Another apartment in Thoglor, which is located in Thoonglor Soi 8. The P.R. Home II is near BTS Phrom Phong station, around 1.8 km. Moreover, the apartment is nestled in a hub of amenities, for example, Bangkokheart Pet Hospital, Japanese Fresh Wholesale Market, SP International Kindergarten, etc.
For peace of mind for the tenants, the apartment provides 24-hour security service and CCTV. Besides, the apartment also offers other facilities such as fitness, swimming pool, playground, sauna, etc.
Recommended unit: 4 Bedroom, 4 Bathroom, 420.0 sq.m click
3. S59 Executive apartment
The S59 Executive apartment is a high-rise apartment located at Sukhumvit 59, which is near DONKI Mall Thonglor, Better Being Hospital, Kasem Phithaya School, and 2 km away from BTS Phrom Phong station.The apartment offers a vibrant city view from the balcony. An Excellent communal area comes with a swimming pool, fitness room, garden, and 24-hour security service.
Recommended unit: 3 Bedroom, 3 Bathroom, 240.0 sq.m click
4. Vana Residence
Vana Residence is a low-rise apartment that comes with luxury style. The apartment offers 10 exclusive living units to aim at tenants’s privacy. It’s located in Sukhumvit 26, near Theptarin Hospital, Maleenont Tower, The Tiny Seeds International Pre-school, and BTS Phrom Phong station.The apartment also offers a seamless lifestyle with full facilities such as a Fitness Center, Swimming Pools, 24-hour security with CCTV, free shuttle bus to BTS Phrompong station.
Recommended unit: 4 Bedroom, 5 Bathroom, 440.0 sq.m click
5. Villa 14
The Villa 14 is located in the center of the business area - Sukhumvit, which is surrounded by several amenities such as Siam Paragon, Bangkok, BTS Siam station, BTS Asoke station, and MRT Sukhumvit station.It offers a vibrant city view in every unit and accessibility to common facilities, for example, a swimming pool and fitness center.
Recommended unit: 3 Bedroom, 3 Bathroom, 250.0 sq.m click
Either renting a condo or an apartment. You should consider many factors like the distance between the residence and your workplace, the transportation, the amenities to provide necessary needs, and the well-being of your life.
The most important key is to rent a condo or an apartment with a reliable real estate agent. The real estate professionals will assist you in negotiating with the landlord and all legal paperwork. This will save you time and cost efficiency.
How to rent a condo in Thailand
Q: Can foreigners rent a condo or rent apartment in Thailand?
A:Yes, foreigners can rent property in Thailand
Q: Can tourists rent a condo or rent apartment in Thailand?
A:Yes, tourists can rent property in Thailand
Q: What documents do I need?
A: Passport, visa (if applicable), and deposit (usually cash).
or using a professional agent can make the process of finding an apartment/condo easier and ensure a seamless process, from initial search to final lease signing.Plus+ Property is a full-service professional real estate agency that provides comprehensive assistance in reselling/letting properties and the purchasing of second-hand condominium units. With more than 20 years of experience, PLUS’s team of quality professionals manages residential and commercial properties and also manages projects’ sales and marketing, heeding all types of demand.
For additional information about our services, call 02 688 7555, or click here.
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