Underwriting
Underwriting in Bangkok’s real estate for foreigners involves financial institutions assessing investment risks and determining financing terms, an activity that includes types such as loan underwriting, where banks evaluate the borrower’s ability to repay a loan, and insurance underwriting, where companies assess the risk of insuring a property against types of damage or loss, examples including fires or natural disasters.
Unfurnished Property
An unfurnished property is a type of residential or commercial real estate offering, providing spaces such as condominiums, houses, and office spaces without furniture, appliances, or interior decorations, exemplified by empty units in The Met condominium and bare office spaces in Sathorn Tower for customization by renters or buyers.
Unfurnished Unit
An unfurnished unit is a type of residential property that lacks furniture and appliances, examples include condos like The Metropolis Samrong and Ashton Asoke which offer spaces without beds, sofas, or refrigerators, appealing to foreign investors who prefer customizing their living space.
Unrestricted Freehold
“Unrestricted freehold” is a type of property ownership allowing foreigners in Bangkok, including condominiums and villas, to own land and property outright without leasehold limitations, unlike the restricted ownership seen in entities like the 49% foreign quota in condominium projects.
Urban Planning Act
The Urban Planning Act in Bangkok is a type of legislative regulation that dictates land use and zoning laws specifically for guiding residential, commercial, and industrial development areas such as condominiums, shopping malls, and factories.
Usable Area
Usable area in Bangkok real estate is a type of measurement that includes interior spaces such as bedrooms, living rooms, and kitchens, and excludes exterior spaces such as balconies, terraces, and gardens.
Usufruct
Usufruct is a type of legal right in Bangkok real estate, allowing foreigners temporary ownership rights over properties such as houses (examples: standalone homes, townhouses) and land, under specific conditions set by Thai law.
Utilities Package
Utilities package in Bangkok real estate for foreigners includes types such as water supply, electricity, and internet services, where water supply covers government and private sources like Metropolitan Waterworks Authority and private bore wells, electricity involves state and private power producers such as the Electricity Generating Authority of Thailand and B.Grimm Power, and internet services encompass fiber optics and satellite providers like TrueOnline and AIS Fibre.
Utility Easement
Utility easement in Bangkok is a type of legal right, allowing entities such as Bangkok Metropolitan Electricity Authority and Metropolitan Waterworks Authority access to a property’s portion for infrastructure purposes, examples include electrical poles and water pipelines.
Vacancy Rate
Vacancy rate is a type of economic indicator that measures unoccupied properties percentage within residential areas, such as condominiums in Sukhumvit and townhouses in Sathorn, and commercial spaces, including office buildings in Silom and retail shops in Asok, in Bangkok’s real estate market.
Vacant Land
Vacant land in Bangkok is a type of real estate property that includes plots without built structures, such as undeveloped fields and empty lots, contrasting with residential properties with houses like single-family homes and condominiums, and commercial properties hosting businesses like shopping malls and office buildings.
Value-Added Property
Value-added property in Bangkok is a type of real estate investment that involves properties, such as condominiums (e.g. The River, IconSiam) and office buildings (e.g. Sathorn Square, Park Ventures Ecoplex), which investors enhance to increase their worth through strategic upgrades and effective management.
Value-Added Tax (VAT)
Value-added tax (VAT) in Bangkok is a type of indirect tax that the government imposes on goods and services, where condominiums and commercial properties like office buildings serve as taxable items, requiring foreign buyers and investors to pay an additional 7% on their purchases.
Variable Rate Mortgage
A variable rate mortgage is a type of home loan where interest rates change based on market conditions, affecting monthly payments for properties such as condominiums and villas in Bangkok.
VAT Refund
VAT refund, in Bangkok real estate transactions involving foreigners, is a type of financial incentive that governments, including Thailand’s, offer to stimulate investment, examples include refunds for the purchase of condominiums and commercial properties by non-resident investors.
View Premium
View premium in Bangkok real estate is a type of valuation increment that properties receive due to advantageous sightlines, which include examples such as riverside views at developments like The River by Raimon Land and city skyline vistas at MahaNakhon by PACE Development.
Villa Market
Villa market in Bangkok is a type of real estate market, includes luxury homes, townhouses, offers properties like Sukhumvit’s high-end villas, riverside townhouses.
Villa Market (Real Estate Term)
Villa market in Bangkok is a type of luxury real estate, characterized by properties such as private gardens, swimming pools, and gated security, appealing to high-net-worth individuals including expatriates and foreign investors.
Villa Ownership
Villa ownership in Bangkok, categorized by legal ownership, includes freehold ownership, allowing foreigners to own the villa outright, and leasehold ownership, where foreigners lease the property for periods typically up to 30 years with options to renew.
Virtual Tour
A virtual tour in Bangkok real estate is a type of digital content that allows potential buyers and investors, such as those interested in condominiums like The River Bangkok or office spaces like Gaysorn Tower, to explore properties remotely through interactive media including images, videos, and 3D models.
Voidable Contract
A voidable contract in Bangkok real estate for foreigners is a type of legal agreement, which parties, including buyers or investors, may cancel if deemed defective due to elements such as fraud, misrepresentation, or duress, examples involving situations where a seller intentionally withholds property flaws or coerces a decision under pressure.
Walk-Through
A walk-through in Bangkok real estate is a type of property inspection, focuses on assessing condos and houses, identifies necessary repairs and improvements.
Walkable Neighborhood
A walkable neighborhood, classified as a type of urban area, promotes accessibility through proximities to amenities such as markets (e.g. Or Tor Kor Market), public transportation options (e.g. BTS Skytrain stations), and leisure spaces (e.g. Benjakitti Park).
Warehouse Conversion
Warehouse conversion in Bangkok is a type of property transformation where industrial buildings, examples include old factories or storage facilities, become residential or commercial spaces, examples being lofts, apartments, or retail shops.
Warranty Deed
A warranty deed, classified as a type of legal instrument in Bangkok real estate, guarantees the buyer’s ownership rights and freedom from encumbrances, unlike the quitclaim deed which offers no such guarantees.
Water Meter
Water meter is a type of utility meter which measures water usage in properties such as condominiums, including The River and Magnolias Waterfront Residences, and businesses like hotels and office buildings in Bangkok.
Waterfront Property
Waterfront property in Bangkok is a type of real estate which includes examples such as condominiums along the Chao Phraya River and villas by artificial lakes in gated communities, characterized by their direct access to or views of water bodies.
Wealth Tax
Wealth tax is a type of property tax that governments impose on the market value of owned assets, including real estates such as condominiums and commercial buildings in Bangkok, and movable assets like cars and jewelry.
Wetlands
Wetlands in Bangkok, encompassing areas like Bang Krachao and Nong Chok, is a type of geographical feature that includes ecosystems such as mangrove forests and freshwater marshes.
Windfall Gains
Windfall gains in Bangkok real estate for foreigners classify as unexpected financial benefits from market factors, including zoning changes and infrastructure developments.
Withdrawal Agreement
A withdrawal agreement in Bangkok real estate is a type of contract termination arrangement that enables foreign investors, such as those holding properties like condominiums in Sukhumvit or luxury villas in Silom, to disengage from their purchasing commitments before completion.
Withholding Tax
Withholding tax in Bangkok real estate transactions for foreigners is a type of income tax that authorities require sellers, including non-resident individuals and companies, to pay on capital gains from property sales, where rates vary based on ownership duration and property type, examples being condominiums and detached houses.
Work Permit
A work permit in Bangkok is a type of legal documentation required by the Thai government for foreigners wishing to engage in employment activities, examples include teachers at international schools and engineers in construction firms.
Year Built
Year built, specifying the construction completion date of properties, is a type of classification that differentiates Bangkok real estate into historical buildings (examples: The Grand Palace, Vimanmek Mansion), modern constructions (examples: MahaNakhon, ICONSIAM), and future projects (examples: One Bangkok, The Grand Rama 9).
Yellow Book (House Book for Foreigners)
The yellow book, officially known as Tabien Baan for foreigners, is a type of legal document in Thailand’s real estate system, providing proof of residence to non-Thai nationals who own properties such as condominiums or houses.
Yellow Line MRT Proximity
Yellow Line MRT proximity is a type of location advantage, influencing property values, exemplified by residential areas such as Lat Phrao and Phahon Yothin benefiting from enhanced accessibility and commercial activity.
Yield Compression
Yield compression is a type of financial phenomenon where investment properties, such as condominiums in Asoke and luxury villas in Thonglor, experience an increase in value due to a decrease in net rental yields, demonstrating trends where demand outstrips supply, leading to higher purchase prices but lower relative income returns.
Yield Maintenance
Yield maintenance is a type of prepayment penalty that ensures lenders receive expected interest payments, even if borrowers pay off loans early, common in commercial real estate loans in Bangkok, examples include office buildings and shopping centers.
Zoning Amendment
Zoning amendment in Bangkok is a type of regulatory change, affecting land use types such as residential, commercial, and industrial areas by altering permitted activities, examples include transforming residential zones into mixed-use developments and allowing higher building densities in commercial districts.
Zoning Application
Zoning application in Bangkok is a type of urban planning control that determines land use and building regulations, with categories including residential zones for houses and condominiums, commercial zones for shops and offices, and industrial zones for factories and warehouses.
Zoning Certificate
A zoning certificate in Bangkok is a type of legal document that specifies permitted property uses within certain areas, such as residential zones allowing condominiums like The Monument Sanampao and commercial zones permitting shopping centers like CentralWorld.
Zoning Ordinance
Zoning ordinance in Bangkok is a type of regulatory framework, dictating land use and building regulations based on specified areas, including residential districts where single-family homes and apartments are permitted, and commercial districts where businesses, such as shops and offices, operate.
Zoning Permit
A zoning permit in Bangkok is a type of regulatory document that governs land use and building requirements, distinguishing among residential areas like Sukhumvit and Silom, commercial zones such as Siam and Pratunam, and industrial districts including Bang Sue and Lat Krabang.
Zoning Variance
A zoning variance in Bangkok is a type of regulatory exception that allows property uses deviating from the established zoning laws, examples include permitting commercial activities in residential zones or adjusting building heights beyond the standard limits.