Net Absorption Rate
Net absorption rate is a type of real estate metric, indicating demand levels through unoccupied property units becoming occupied, examples include office spaces in Bangkok’s central business district and condominiums along the Sukhumvit line.
Net Operating Income
Net operating income, a type of financial metric in real estate, measures profitability excluding financing costs and taxes, examples being rental income from properties like The Metropolis Samrong Interchange and Icon Siam subtracting operating expenses such as maintenance fees and management salaries.
Net Present Value (NPV)
Net Present Value (NPV) is a type of financial metric that calculates the present value of all future cash flows, including both inflows and outflows, derived from investments such as Bangkok condominiums or commercial properties, using a specific discount rate to determine the profitability and financial feasibility of these real estate investments.
Net Property Income
Net property income, a type of financial metric in Bangkok’s real estate market, measures a property’s profitability by subtracting total operating expenses, examples include maintenance costs for condominiums like The Met Sathorn and utility fees for shopping malls such as CentralWorld, from its gross rental income.
Net Rental Income
Net rental income is a type of financial gain, consisting of rent payments from properties such as condominiums in The Metropolis Samyan and houses in Sukhumvit, minus expenses like property management fees and maintenance costs.
No-Fee Rental
No-fee rental in Bangkok is a type of residential leasing where landlords, including those of condominiums like The Monument Sanampao and apartments such as Ideo Mobi Asoke, directly pay brokerage fees, eliminating tenant costs.
Nominee Agreement
Nominee agreement is a type of legal arrangement, allowing foreigners to invest in Thai properties, such as condominiums and villas, through Thai nationals acting as their nominees.
Non-Performing Loan
A non-performing loan in Bangkok’s real estate market is a type of financial asset that lenders classify as in default or close to being in default, typically when the borrower fails to make interest or principal payments for 90 days or more, examples include both residential mortgages on condominiums like The River or Langsuan Village and commercial loans on properties such as CentralWorld or Siam Paragon.
Non-Thai Ownership Limit
Non-Thai ownership limit is a type of legal restriction that allows foreigners to own up to 49% of the total unit space in condominium projects, examples including high-rise buildings like The River and low-rise developments such as Baan Siri.
Nor Sor 3
Nor Sor 3, a type of land title in Thailand, offers temporary ownership rights, distinguishing it from Chanote titles, which grant permanent ownership.
Nor Sor 3 Gor
“Nor Sor 3 Gor” is a type of land title document in Thailand that indicates the land has been measured by the Land Department, examples include land plots in areas like Sukhumvit and Sathorn, where investors often purchase for commercial developments.
Notary Public
Notary public in Bangkok is a type of legal professional, authorized by the Thai Ministry of Justice, who provides services including witnessing signatures on documents, certifying document copies, and administering oaths for real estate transactions among foreigners and locals.
Notice of Termination
A notice of termination in Bangkok real estate is a type of legal document that landlords use to end lease agreements with tenants, examples include breach of contract and expiration of lease term.
Notice to Quit
Notice to quit is a type of legal document within rental agreements, requiring tenants, such as individuals or businesses leasing properties in Bangkok, to vacate.
Occupancy Certificate
An occupancy certificate is a type of legal document, indicating buildings such as condominiums and office towers in Bangkok meet the local building standards and regulations.
Occupancy Permit
An occupancy permit, a type of legal document, signifies authorities’ approval for use of buildings in Bangkok, examples include residential condos like The River and commercial complexes like CentralWorld.
Off-Plan Property
Off-plan property is a type of real estate investment where investors purchase property units before their completion, examples include condominiums in The LINE Sukhumvit 101 and IDEO Mobi Asoke.
Offer Letter
An offer letter is a type of formal document where prospective buyers, such as individuals or real estate investors, propose to purchase properties, like condominiums or commercial spaces, in Bangkok from sellers.
Office Conversion
Office conversion in Bangkok is a type of real estate development where commercial properties, examples include office buildings and factories, transform into residential units, such as condominiums and apartments, following the city’s growing demand for housing.
On-Site Amenities
On-site amenities in Bangkok real estate for foreigners include leisure facilities, security features, and convenience services, where leisure facilities cover swimming pools and gyms, security features encompass 24-hour security guards and CCTV systems, and convenience services offer laundry and housekeeping.
One Stop Service Center (Land Department)
One Stop Service Center (Land Department) is a type of government facility offering services such as property registration and transfer, issuance of ownership documents, and land title verification for foreigners purchasing condos, land with a building under a leasehold agreement, or through Thai company ownership in Bangkok.
One-Bedroom Condo
A one-bedroom condo is a type of residential property in Bangkok, characterized by units such as The Base Sukhumvit 77 and Noble Remix, which offer private living spaces comprising a single bedroom, a kitchen, a living area, and bathroom facilities, catering specifically to individuals and small families seeking ownership or investment opportunities in urban centers.
Open House
Open house is a type of marketing strategy in Bangkok real estate, enabling potential buyers and investors, such as those interested in luxury condos like The Ritz-Carlton Residences and commercial spaces like Siam Paragon Office Tower, to explore properties without appointments.
Open Listing
An open listing is a type of real estate agreement that allows multiple agents, examples include Century 21 and RE/MAX, to market a property in Bangkok.
Open Market Value
Open market value in Bangkok’s real estate, evaluated by professional appraisers, is a type of property valuation that assesses condominiums, such as the Magnolias Waterfront Residences, and commercial spaces, including the Sathorn Square Office Tower, based on current market conditions where willing buyers and sellers engage without undue pressure.
Operating Expenses
Operating expenses in Bangkok real estate for foreigners include types such as maintenance fees, utility costs, and management services, evidenced by costs like monthly common area maintenance (CAM) fees for condominiums, electricity and water bills for properties, and fees for property management companies overseeing rental operations.
Operating Lease
Operating lease, a type of lease agreement, allows foreign investors in Bangkok to use properties such as condominiums in Sukhumvit and office spaces in Silom without ownership.
Option Agreement
An option agreement in Bangkok’s real estate sector is a type of contractual agreement that grants the buyer the right, but not the obligation, to purchase a property, such as condos like The River or houses in gated communities like Sathorn Gardens, within a specified period at a predetermined price.
Origination Fee
An origination fee, classified as a type of closing cost in real estate transactions in Bangkok for foreigners, including Americans and Europeans, involves lenders charging borrowers to process new loan applications.
Owner Financing
Owner financing is a type of real estate financing where sellers, including condominium owners and single-family residence vendors in Bangkok, directly provide loans to buyers, bypassing traditional banking institutions.
Owner-Occupied Property
Owner-occupied property is a type of residential real estate where owners, such as expatriates with work permits or retirees with retirement visas, reside in their purchased homes, including condominiums like The River or houses in gated communities like Nichada Thani.
Ownership Certificate
Ownership certificate is a type of legal document that indicates property rights in Bangkok, encompassing types such as Chanote titles for freehold properties and Leasehold titles for properties leased up to 30 years.
Partial Lease Assignment
Partial lease assignment is a type of lease transfer where the original tenant assigns a portion of the lease rights to a new tenant, commonly seen in Bangkok’s condominiums and office spaces, while retaining some rights and responsibilities.
Partial Payment
Partial payment is a type of financial transaction in the real estate market where buyers, including foreigners targeting properties such as condominiums and townhouses in Bangkok, make payments in smaller, manageable amounts rather than a single, lump-sum payment, illustrating methods like down payments and installment plans.
Payment Plan
Payment plan in Bangkok real estate for foreigners is a type of financial arrangement, divides into types such as down payment plans, which require an initial lump sum like 30% of the property price, and installment plans, where buyers pay the remaining amount in monthly installments over a period, examples include 10-year mortgage or a 5-year developer financing.
Payment Schedule
Payment schedule in Bangkok real estate is a type of financial plan that categorizes into down payment, monthly installments, and final payment, where down payment includes the initial amount paid to secure the property, examples being 10% for condominiums like The Monument Sanampao, monthly installments cover the periodic payments made until the completion of the property, examples being payments for developments such as Noble Ploenchit, and final payment involves the lump sum paid upon property handover, examples including 85% for projects like Ashton Asoke.
Penalty Interest
Penalty interest is a type of financial charge, assessed on delayed real estate payments, exemplified by overdue mortgage or property tax debts in Bangkok.
Penthouse Unit
A penthouse unit is a type of luxury apartment located on the top floor of condominium buildings in Bangkok, offering exclusive features such as private elevators, expansive terraces, and panoramic city views, examples include the penthouses in The Ritz-Carlton Residences and Magnolias Waterfront Residences.
Per Capita Income
Per capita income is a type of economic indicator that measures average income earned per person in a specific area, such as Bangkok where sectors like real estate, with luxury condos like Magnolias Waterfront Residences and Siam Paragon’s retail investments, significantly contribute to the region’s economic performance.
Performance Bond
A performance bond, serving as a type of financial guarantee, ensures developers like Sansiri and AP Thailand fulfill contractual obligations to buyers in Bangkok real estate transactions.
Periodic Tenancy
Periodic tenancy is a type of lease agreement that automatically renews for a defined period unless the landlord or tenant gives notice to terminate, examples include monthly and yearly renewals common in Bangkok’s residential condos such as The Met Sathorn and Park 24.
Pink ID Card
Pink ID card is a type of legal document, permitting foreigners, examples include expatriates and investors, to have partial rights similar to Thai nationals, such as property ownership in Bangkok.
Planned Unit Development
Planned unit development is a type of residential community, integrates various housing types, such as single-family homes, townhouses, and condominiums, within one controlled development in Bangkok.
Plat Map
A plat map in Bangkok’s real estate market is a type of diagram that officials use to detail land ownership, divisions, and boundaries, exemplified by documents held for condominium complexes like The River and housing estates such as Nichada Thani.
Pre-Approval
Pre-approval is a type of financial qualification process that banks, including Kasikornbank and Siam Commercial Bank, conduct to determine a foreigner’s borrowing capacity before property purchases in Bangkok.
Pre-Construction Discount
Pre-construction discount is a type of financial incentive that developers offer to buyers, such as foreigners interested in Bangkok’s residential properties like condominiums and apartments, before the construction phase begins.
Pre-Sale
Pre-sale properties, a type of real estate transaction in Bangkok, attract foreign investors through offerings like The Ritz-Carlton Residences and Magnolias Waterfront Residences, by allowing them to purchase units before construction completes.
Pre-Sale Agreement
A pre-sale agreement in Bangkok real estate is a type of contractual arrangement where developers, such as Sansiri or Ananda Development, offer properties, including condos and townhouses, to investors and home buyers before construction completion.
Premium Lot
Premium lot is a type of real estate property characterized by location, size, and exclusivity, examples include riverside properties offering panoramic views, such as those along the Chao Phraya River, and large estate homes in gated communities like Nichada Thani.
Premium View
Premium view in Bangkok real estate is a type of asset feature encompassing riverfront locations, such as properties along the Chao Phraya River, and skyline panoramas, examples including views from high-rise condominiums like Le Luk and The River.
Price Per Square Meter
Price per square meter, a type of financial metric in Bangkok real estate, evaluates properties based on their size, including condos like The River Condominium priced at approximately 200,000 THB per square meter and houses such as those in Nichada Thani priced at around 100,000 THB per square meter.
Principal
Principal in real estate investment in Bangkok for foreigners includes types such as ownership rights, investment strategies, and property types; ownership rights categorize into freehold and leasehold, investment strategies encompass buy-to-let, off-plan purchases, and flipping properties, and property types cover condominiums, detached houses, and townhouses.
Private Land
Private land in Bangkok is a type of real estate property owned by individuals or corporations, including categories such as residential properties (condominiums, single-family homes) and commercial properties (office spaces, retail stores).
Private Mortgage Insurance
Private mortgage insurance is a type of insurance policy that lenders require from homebuyers who purchase properties in Bangkok, like condominiums at The River or houses in Sukhumvit, with down payments less than 20% of the home’s value, protecting lenders from the risk of default.
Private Pool Villa
Private pool villa is a type of luxury residential property, characterized by standalone structures with exclusive swimming facilities, situated within upscale Bangkok neighborhoods like Sukhumvit and Sathorn.
Property Acquisition
Property acquisition in Bangkok for foreigners involves two main types: ownership and leasehold, where ownership allows direct purchase of condominium units under the Condominium Act which stipulates foreigners can own up to 49% of the total unit space in a condominium building, examples include luxury condos like The River and Magnolias Waterfront Residences, and leasehold offers temporary rights to use property for periods up to 30 years, with examples being leasing land for building a house, seen in residential areas like Nichada Thani and Laddarom Elegance.
Property Condition Report
A property condition report in Bangkok is a type of assessment document that details physical conditions, identifies defects such as leaks in Sukhumvit luxury condos, and recommends repairs for aging townhouses in Silom, thus guiding investment decisions for foreigners.
Property Cycle
Property cycle in Bangkok’s real estate market is a type of economic pattern which consists of four phases: expansion, peak, contraction, and trough, where examples include surges in condominium purchases during expansion and declines in office space rentals during contraction.
Property Development Company
A property development company in Bangkok is a type of business entity that specializes in developing residential properties, commercial complexes, and mixed-use developments, examples include Sansiri PLC focusing on luxury condominiums and malls, and SC Asset Corporation PLC developing residential houses and community malls.
Property Disclosure
Property disclosure in Bangkok real estate is a type of legal document that sellers provide to buyers, detailing factual information about the property’s condition, including structural issues like foundation cracks in older homes such as traditional Thai houses, and legal concerns like ownership disputes seen in cases involving unregistered inheritance properties.
Property Finance
Property finance is a type of financial service, offers solutions such as mortgages, bridge loans, and development finance for investors and buyers in Bangkok real estate markets including condominiums, houses, and commercial properties.
Property Investment Visa
Property investment visa is a type of immigration permit that governments, like Thailand, offer to foreign nationals who invest a significant amount in local real estate, examples include condominiums or commercial buildings.
Property Lease Agreement
A property lease agreement in Bangkok is a type of contract that outlines terms between landlords, such as property management companies, and tenants, including foreign investors and homebuyers, for the use of residential properties like condominiums and commercial spaces like retail stores.
Property Management
Property management in Bangkok is a type of real estate service that encompasses three primary categories: residential services, commercial services, and administrative services, where residential services include managing condominiums like The Met and The River, commercial services involve overseeing office buildings such as Gaysorn Tower and Sathorn Square, and administrative services cover legal assistance, financial management, and tenant communication for properties across these examples.
Property Tax Exemption
Property tax exemption in Bangkok is a type of financial benefit, reducing or eliminating payable property taxes for qualifying owners, examples include exemptions for first-time homeowners and seniors.
Property Taxes
Property taxes in Bangkok for foreigners involve House and Land Tax, which is a type of annual tax on property ownership, and Specific Business Tax, which targets transactions such as sales or transfers of real estate.
Property Transfer
Property transfer in Bangkok is a type of legal transaction, subdivides into leasehold transfers, where entities such as Central Embassy and Sindhorn Residence engage in long-term rental agreements, and freehold purchases, where foreign investors buy properties outright, examples include condominiums at The River and Magnolias Waterfront Residences.
Property Valuation
Property valuation in Bangkok categorizes into market value assessments, investment analyses, and development appraisals, where market value assessments evaluate properties based on comparative sales of condominiums like The River and Magnolias Waterfront Residences, investment analyses calculate return on investment for properties including office spaces in AIA Sathorn Tower and retail outlets in ICONSIAM, and development appraisals estimate the financial viability of developing projects such as mixed-use complexes like One Bangkok and residential zones in Rama 9.
Prorated Rent
Prorated rent is a type of rent calculation method in Bangkok’s real estate market, applied when tenants occupy a property for a partial rental period, examples include moving in after the month has started or leaving before the month ends.
Public Housing Projects in Bangkok
Public housing projects in Bangkok are a type of government-subsidized accommodation, targeting low-income families, examples include the Baan Mankong and the National Housing Authority developments.
Public Utility Easement
Public utility easement in Bangkok is a type of legal right, allowing utilities companies (examples include Bangkok Metropolitan Electricity Authority and Metropolitan Waterworks Authority) access to a property for the purposes of installing, maintaining, or repairing utility lines and infrastructure.
Punch List
A punch list is a type of document developers use to identify incomplete work or repairs needed in Bangkok properties, examples include fixing wall cracks in residential condos like The Monument Sanampao and addressing water leakage in commercial buildings such as Gaysorn Tower.
Purchase Agreement
A purchase agreement in Bangkok’s real estate market is a type of contract that legally binds buyer, including foreigners and investors, and seller to terms of property sale, encompassing residential properties like condos and villas, and commercial properties like office spaces and retail units.
Purchasing Power
Purchasing power in Bangkok real estate for foreigners is a type of financial capability, delineated into currency strength, legal constraints, and market access, where currency strength involves the Thai Baht’s exchange rate impacting investors from the USA (USD to THB) and Europe (EUR to THB), legal constraints encompass restrictions on foreign land ownership and condominium purchase quotas, and market access covers entry into commercial sectors like retail spaces in Sukhumvit and office buildings in Silom.
Quiet Enjoyment
Quiet enjoyment is a type of legal right, guarantees owners and tenants in Bangkok properties, such as condominiums (e.g. The River Condominium) and detached houses (e.g. Laddarom Elegance), the uninterrupted use of their property without disturbances from landlords or neighboring tenants.
Quitclaim Deed
A quitclaim deed is a type of legal document that transfers property rights from a grantor to a grantee without warranties, commonly used in Bangkok for intra-family transfers and divorce settlements.
Rate Lock
Rate lock is a type of mortgage agreement feature in Bangkok, allowing foreign investors, such as those purchasing condos like The Monument Sanampao or The River, to fix the interest rate for a specific period, thereby securing their loan payments against fluctuations in the global financial market.
Real Estate Agent
A real estate agent in Bangkok is a type of professional service provider facilitating property transactions between buyers, such as investors and families, and sellers, including developers of condominiums like The Ritz-Carlton Residences and single-family home constructors in residential areas like Sukhumvit.
Real Estate Auction
Real estate auction in Bangkok is a type of sales event where properties such as condos, townhouses, and commercial spaces are sold to the highest bidder.
Real Estate Investment Trust
Real estate investment trust is a type of investment fund, pools capital from numerous investors, invests in income-generating real estates such as shopping malls (CentralWorld, Siam Paragon) and office buildings (Empire Tower, Sathorn Square) in Bangkok.
Real Estate Yield
Real estate yield in Bangkok for foreigners is a type of investment return that includes rental yield and capital growth yield, where rental yield is calculated from annual rental income divided by property value, examples being luxury condos in districts like Sukhumvit and Silom, and capital growth yield derives from the increase in property value over time, examples being upcoming areas like Thong Lor and Ekkamai.
Real Property
Real property in Bangkok encompasses residential types such as condominiums and single-family homes, commercial types including retail spaces and office buildings, and industrial types like factories and warehouses.
Reassessment
Reassessment in Bangkok real estate for foreigners is a type of property evaluation, consists of market analysis, examples being comparative market analysis (CMA) and investment return evaluation, and regulatory compliance, examples including zoning law adherence and building code conformity.
Refinance
Refinance in Bangkok’s real estate market is a type of loan restructuring, often involving home loans, investment property loans, and commercial property loans, where borrowers, including foreigners, secure better interest rates or terms from lenders such as Bangkok Bank, Kasikornbank, and Siam Commercial Bank.
Registered Lease
A registered lease in Bangkok’s real estate market is a type of property agreement that includes residential condos, such as The River and Magnolias Waterfront Residences, and commercial spaces, such as Sathorn Square Office Tower and CentralWorld, granting foreigners the right to use the property for a period up to 30 years with an option to renew, as mandated by Thai law.
Rent Roll
Rent roll is a type of financial document in real estate investments, detailing monthly rental income from properties such as condominiums in The River, Bangkok, and office spaces in MahaNakhon, Bangkok, which investors and landlords use to assess cash flow and property value.
Rent Stabilization
Rent stabilization is a type of housing policy that governs rental rates, ensuring moderate increases over time, as seen in Bangkok’s new residential projects such as The Monument Sanampao and Noble Ploenchit.
Rent-to-Own
Rent-to-own agreements in Bangkok real estate markets are a type of lease agreement that grants tenants the option to purchase the property, typically condos such as The Monument Sanampao or houses such as Baan Sansiri Pattanakarn, after a specific period of renting.
Rental Agreement
A rental agreement in Bangkok is a type of legal contract, establishing terms between landlords, including individuals owning condos like the Metropolis Samrong Interchange, and tenants, who may be expatriates working at multinational companies.
Rental Application
A rental application in Bangkok is a type of screening process that landlords and property management companies use to assess prospective tenants, where components include credit checks, employment verification, and references from previous landlords, exemplified by applications for luxury condos like The Met Sathorn and affordable apartments in Sukhumvit areas.
Rental Bond
A rental bond in Bangkok’s real estate market is a type of financial security deposit, ensuring landlords against damages or breaches of lease agreements, common in condominiums and apartments, such as The Met Sathorn and Ashton Asoke.
Rental Guarantee
Rental guarantee programs, a type of investment incentive, promise investors fixed returns over a period, examples include Bangkok condominium developments like The River and Magnolias Waterfront Residences offering 5-7% annual returns for 3-5 years.
Rental Income
Rental income in Bangkok for foreigners includes types such as short-term rentals exemplified by Airbnb properties in Sukhumvit and Phra Khanong, and long-term leases demonstrated by condominium units in Asoke and Silom.
Rental Occupancy
Rental occupancy in Bangkok, defined by type, includes residential properties, such as condominiums like The River and 98 Wireless, and commercial spaces, for instance, office buildings like Gaysorn Tower and retail complexes like Siam Paragon.
Rental Pool
A rental pool in Bangkok real estate is a type of investment strategy where multiple investors own properties, such as condominiums or apartments, and share profits from collective rental income.
Rental Return
Rental return in Bangkok for foreigners involves cash flow types, categorizing into gross rental yield and net rental yield, with luxury condos like The River and duplexes in Thonglor providing examples of high-return investments.
Rental Yield
Rental yield in Bangkok, classified as a type of investment return, measures the annual rental income against the property’s purchase price, demonstrated by condominiums in central areas like Sukhumvit and Silom generating averages of 5-6%.
Resale Agreement
A resale agreement in Bangkok real estate market is a type of contract transaction that occurs between private parties, unlike primary market sales that involve developers directly, with examples including the transfer of ownership for condominiums such as The Met Sathorn and houses in Sukhumvit area.
Reserve Fund
Reserve fund is a type of financial resource, collected from condo owners in Bangkok, for future building maintenance and unexpected repairs, exemplified by roof fixes and elevator upgrades.
Resident Manager
A resident manager in Bangkok’s real estate sector is a type of property management professional who oversees daily operations in residential complexes, such as condominiums (e.g. The River, Icon Siam) and apartment buildings (e.g. The Metropolis Samrong, Ideo Mobi Sukhumvit).