Key Things to Know Before Buying a New Condominium

Benefits of Buying a New Condo

• Be the first owner of the property.

• Enjoy warranty coverage on the structure and fixtures from the developer.

• Benefit from modern construction technology and contemporary design.

• Higher potential for capital gain from future resale.

Typical Payment Process

Generally, the process starts with:

1. Reservation Deposit – Secure your chosen unit.

2. Signing the Contract – Within 1–2 weeks after reservation.

3. Down Payment Installments – Pay 10–30% of the purchase price in scheduled installments throughout the construction period.

4. Final Payment – Pay the remaining balance upon property transfer at completion.

Choosing the Right Location for a New Development

Consider the city’s future infrastructure plans, such as new mass transit lines, road expansions, or major mixed-use projects. These developments can significantly increase your property’s value over time.

Frequently Asked Questions (FAQ) About Buying a New Condo

Q: What is “Pre-sale”?
A: Pre-sale refers to the sale of a project before construction has started or while it is still under construction. Buyers usually receive the most competitive prices along with special promotions and bonuses for being early purchasers.

Q: What facilities do new condos usually offer?
A: Today’s new developments compete by offering luxury, modern amenities such as rooftop pools, sky lounges, co-working spaces, fully equipped modern fitness centers, and in-room smart home systems.

Q: How can I verify the credibility of a developer?
A: Check the developer’s track record through completed projects, company reputation, and financial stability. At Luxury Property Expert Pattaya, our team conducts thorough background checks to ensure you are investing in a quality, trustworthy development.