Which province recorded the most condo transfers to foreigners in 2025?

1. Phuket
2. Chonburi
3. Chiang Mai
4. Bangkok

In which province is Pattaya, as reported in REIC transfer statistics?

1. Chonburi
2. Rayong
3. Prachuap Khiri Khan
4. Surat Thani

Koh Samui belongs to which province, one of the eight placed under special nominee control in 2026?

1. Phuket
2. Krabi
3. Surat Thani
4. Chumphon

Several Bangkok agencies serving foreign buyers have offices along one main road, for example at Asoke Towers and Interchange 21. Which road?

1. Rama 9 Road
2. Ratchadaphisek Road
3. Sukhumvit Road
4. Ploenchit Road

A client wants to live near Phuket's best-known beach resort town on the west coast, with its busy nightlife. Which area is it?

1. Patong
2. Phuket Town
3. Chalong
4. Thalang

Which beach area lies just south of central Pattaya, beyond Pratumnak hill?

1. Naklua
2. Bang Saen
3. Sattahip
4. Jomtien

Several established Koh Samui agencies, such as Horizon Homes and Samui Realty International, have their offices in which north coast area?

1. Lamai
2. Bophut
3. Taling Ngam
4. Lipa Noi

Which Bangkok district is known as a long-established business district of offices and banks, next to Sathorn?

1. Bang Na
2. Silom
3. Don Mueang
4. Min Buri

According to Pattaya Mail (February 2026), where is the Pattaya oversupply worst?

1. Naklua and Wongamat
2. Pattaya Klang only
3. East Pattaya villas
4. Jomtien and the southern beachfront

White Lotus Season 3, aired in 2025, raised interest in Koh Samui. Where on the island was it filmed?

1. Maenam
2. Chaweng
3. Lamai
4. Bophut Fisherman's Village

What share of southern Thailand's foreign condo transfers did Phuket account for in 2025?

1. About 25%
2. About 50%
3. 82.3%
4. 99%

Krungsri Research says Phuket villa absorption fell in 2025. What did it fall to?

1. 10% a month
2. 5% a year
3. 1.8% a month, roughly 50 months to sell out
4. Absorption rose to a record

Going north along Phuket's west coast from Patong, which order of beaches is correct?

1. Patong, Kamala, Surin, Bang Tao
2. Patong, Bang Tao, Kamala, Surin
3. Patong, Surin, Rawai, Kamala
4. Patong, Chalong, Kamala, Bang Tao

Which buyer group does Pattaya Mail name as the main new demand in Pattaya in 2026?

1. Chinese retirees
2. Thai first-time buyers
3. European students
4. Myanmar buyers relocating for schools and healthcare

In the first half of 2026, where were Russian condo purchases mainly focused?

1. Bangkok and Chiang Mai
2. Phuket and Chonburi
3. Koh Samui only
4. Hua Hin and Krabi

In the first half of 2026, where were Chinese buyers' condo purchases mainly focused?

1. Phuket and Samui
2. Bangkok and Chonburi
3. Chiang Mai
4. Pattaya only

How is Koh Samui's primary (new build) market split, according to the 2026 market report?

1. 90% condos, 10% villas
2. All villas
3. 20% condos, 80% land plots
4. 52% condos, 48% villas

On Koh Samui's east coast, which beach is the island's busiest resort strip, with Lamai further south?

1. Chaweng
2. Maenam
3. Bang Po
4. Lipa Noi

The median price of a Koh Samui condo in the primary market is about 88,500 baht per sqm. At that median, what is the price of a 40 sqm unit, in THB?

Which of these provinces is NOT among those reported under special nominee control in 2026?

1. Phuket
2. Surat Thani
3. Nakhon Ratchasima
4. Chonburi

Chonburi had 4,164 foreign condo transfers worth 11.59 billion baht in 2025. Which is closest to the average value per unit?

1. About 2.8 million baht
2. About 1.5 million baht
3. About 5 million baht
4. About 8 million baht

According to Krungsri Research, which nationalities are the main foreign buyers in Phuket?

1. Myanmar and Lao
2. Indian and Emirati only
3. Japanese and Korean only
4. Russian, Chinese, French, British and American

A buyer wants to put a villa plot in a Thai friend's name 'just on paper'. What do you answer?

1. Good idea, it is a common shortcut
2. It is fine if the friend signs a loan agreement
3. That is a nominee arrangement: it is illegal, and a nationwide crackdown on nominee ownership started in October 2026
4. It is fine for plots under one rai

A foreign buyer falls for a resale condo. What should you check before he pays any deposit?

1. Only the view and the furniture
2. Only the monthly parking cost
3. Whether the building still has foreign freehold quota available for the unit's area
4. Whether the seller is Thai

A client asks you whether a clause in his lease is enforceable in court. What do you do?

1. Share what you know in general terms and recommend an independent Thai lawyer to review it
2. Give him a firm legal opinion yourself
3. Tell him not to worry about it
4. Send him to the developer's in-house lawyer

A buyer asks how much commission he must pay you on a resale purchase. What is the usual answer in Thailand?

1. 3% of the price, paid by the buyer
2. One month's rent
3. A fixed fee of 50,000 baht
4. Usually nothing: the seller or owner pays the commission, built into the asking price

A foreign buyer wants a freehold condo in his own name. How must the purchase money arrive?

1. In cash at the Land Office
2. Wired from abroad in foreign currency, so the Thai bank can issue a Foreign Exchange Transaction (FET) form
3. From a Thai friend's baht account
4. By cryptocurrency transfer

A Myanmar family is relocating to Pattaya and calls you. Which priorities should you ask about first?

1. Nightlife and bars
2. Schools and healthcare near the home
3. Golf courses only
4. Short-term holiday letting yield only

A buyer says: 'Prices are falling in Pattaya, I will wait a year.' What is the best first response?

1. 'Prices will double next year, buy now'
2. 'Waiting is always a mistake'
3. 'Call me when you are ready' and end the call
4. Acknowledge it, ask about his goal and timeline, share recent data on supply and discounts, and let him decide

A client wants to own a Phuket pool villa including the land, in his own name. What do you explain?

1. Foreigners cannot own land; lawful options include a registered lease of up to 30 years, or a freehold condo within the quota
2. He can, once he has a work permit
3. He can if he pays in cash
4. He can after living in Thailand for 5 years

A client says a developer told him a new law allows 99-year leases. What is accurate in 2026?

1. True, it has applied since 2025
2. True, but only in Pattaya
3. The 99-year and 75% quota proposals of 2024 never became law; the registered limit is still 30 years
4. True for condos only

A client asks whether a '30+30+30' villa lease gives him 90 secure years. What do you say?

1. Yes, it is guaranteed by law
2. Yes, once it is notarised
3. Only the first registered 30 years are reliably protected; the renewals are contractual promises that courts generally do not enforce beyond the first term
4. Yes, from 2027

The Thai wife of a foreign client is buying land in her own name. What should she prepare in late 2026?

1. Proof of her own source of funds
2. Nothing special
3. A work permit
4. A TREBA certificate

Which channel do agencies notably use to win overseas Russian investors?

1. Cold calls to random Thai numbers
2. Billboards in Bangkok only
3. Thai-language newspaper ads
4. Inspection tours for overseas investors

You are a foreigner employed as overseas marketing manager. During a video call the buyer asks you to negotiate the price with the seller. What do you do?

1. Negotiate yourself, since the client asked
2. Bring in a Thai colleague to handle the negotiation, and keep to your permitted role
3. Negotiate by WhatsApp so there is no record
4. Agree any price to close quickly

A foreign buyer wants to pay the balance of a freehold condo from a friend's Thai baht account. What is the problem?

1. There is none
2. The money must be wired from abroad in foreign currency to obtain the FET form needed for freehold registration
3. Only the bank fee is higher
4. Thai banks refuse all transfers

A cautious buyer asks you to make the developer hold his off-plan payments in escrow. What is accurate?

1. Escrow is mandatory for every off-plan sale
2. Escrow is illegal in Thailand
3. Only the Land Office can hold the money
4. Escrow is voluntary: it only applies if the developer agrees to use a licensed escrow agent

Price and appraised value are both 3,000,000 baht. The 2% transfer fee is split 50/50. What does the buyer pay in total, price plus his share of the fee, in THB?

A client proposes a Thai company with Thai shareholders who only lend their names, so the company can buy land. What do you answer?

1. Good plan, it is standard
2. It is fine with 51% Thai shares on paper
3. It is a nominee structure: the October 2026 crackdown lists 1,550 companies among the suspected parties, and you will not take part
4. It becomes legal in 2027

A client is buying a 6,000,000 baht condo in December 2026. What should he expect?

1. Nothing different
2. Automatic approval within a day
3. Extra checks, since purchases above 2 million baht face closer scrutiny under the crackdown
4. A tax refund

A seller offers to pay you, a foreigner on a Non-B visa and work permit, a cash commission for introducing a buyer. What do you do?

1. Decline: commission for brokerage is reserved work and your duties must match your permit
2. Accept, it is a gift
3. Accept half and pass the rest to the agency
4. Accept it through a friend

A client's draft condo SPA lets the developer stop construction for as long as it likes. What do you tell him?

1. That is normal in Thailand
2. Sign quickly before the price rises
3. Just ask for a discount
4. The standard form limits construction halts to 1 year and non-conforming terms are invalid; have a lawyer review the draft

How many condo units were transferred to foreigners in Thailand in 2025?

1. 14,899
2. About 1,500
3. 48,000
4. 120,000

Which nationality bought the most Thai condos in 2025?

1. Russia
2. Myanmar
3. China
4. USA

Which nationality jumped to second place by units in 2025?

1. Russia
2. India
3. Myanmar
4. France

Which body publishes the foreign condo transfer statistics quoted by the press?

1. The Real Estate Information Center (REIC)
2. TREBA
3. The Board of Investment
4. The Tourism Authority

Can a foreigner own land in Thailand?

1. Yes, up to one rai
2. Yes, in Phuket only
3. Yes, with a work permit
4. No; and a company with more than 49% foreign capital or mostly foreign shareholders is also treated as foreign

What is the longest residential lease that can be registered in Thailand?

1. 50 years
2. 30 years
3. 99 years
4. Unlimited

What happened to the 2024 proposals for a 75% foreign condo quota and 99-year leases?

1. They became law in 2025
2. Neither was enacted; the 49% quota and 30-year lease limit still apply
3. Only the 99-year lease passed
4. They apply in Phuket only

In June 2024, what did the Interior Minister say about the draft to raise the foreign condo quota?

1. It was already in force
2. It would apply to land too
3. It was cancelled by the courts
4. The Land Department draft was not ready and Thai owners must keep majority voting rights

What scale of nominee crackdown was launched on 19 October 2026?

1. 13,088 suspected parties (1,550 companies), 2,360 plots, about 14.01 billion baht
2. About 100 cases in Bangkok
3. Only Phuket hotels
4. No crackdown was announced

Which purchases face extra checks under the October 2026 nominee crackdown?

1. All condo purchases
2. Only purchases by Thai nationals
3. Purchases above 2 million baht or with an assessed value above 5 million baht
4. Only rentals

A developer sells a villa with a '30+30+30 year lease'. What protection does the buyer really have?

1. 90 guaranteed years
2. 99 years
3. The first registered 30-year term; the renewals are contractual and courts generally enforce only the first term
4. Freehold after 30 years

Which nationality paid the highest average price per unit in H1 2026?

1. Americans, at about 6.6 million baht per unit
2. China
3. Myanmar
4. India

How did Russian condo purchases change by value in H1 2026?

1. Down 27.7%
2. Unchanged
3. Up 5%
4. Up 75.9% to 3.603 billion baht

In H1 2026 the average foreign condo cost 4.3 million baht for 43.9 sqm. What is the average price per sqm, in THB?

In 2025 foreigners bought 14,899 condos worth 60.92 billion baht. What is the average value per unit, in million THB (two decimals)?

What was the average Phuket villa price reported by Krungsri Research?

1. 4.3 million baht
2. 14.9 million baht
3. 100 million baht
4. 44.8 million baht

In Q2 2026, units rose 1.4% while value rose 20.2%. What does that tell you?

1. The average value per unit rose
2. Fewer foreigners bought
3. Prices fell
4. Nothing

Bangkok had 7,029 foreign condo transfers worth 35.39 billion baht in 2025. What is the average value per unit, in million THB (two decimals)?

What draft measure on nominee land did one industry source report the Cabinet approved on 24 February 2026?

1. A 99-year lease law
2. A 75% condo quota
3. An amendment to Land Code section 94 to forfeit nominee-held land to the state
4. A broker licence

Does the 17% flat tax for LTR visa holders apply to real estate work?

1. No, it applies only to BOI-targeted industries, not real estate
2. Yes, to all LTR holders
3. Yes, for agents
4. Only in Phuket

A condo has an appraised value of 3,000,000 baht. The transfer fee is 2% of the appraised value. What is the transfer fee, in THB?

A resale condo sells for 5,000,000 baht at a 3% commission. What is the agency commission, in THB?

A 60,000 baht transfer fee is split 50/50 between buyer and seller. What does the buyer pay, in THB?

Who usually pays the agent's commission on a Thai property sale?

1. The buyer
2. The Land Office
3. The seller or owner, with the fee built into the asking price
4. The bank

When is the 0.5% stamp duty due on a property sale?

1. Only when Specific Business Tax does not apply
2. Always
3. Only for foreigners
4. Only on new builds

A seller who owned a unit for 8 years (not in the property business) sells at 4,500,000 baht; appraised value is 4,000,000. Stamp duty is 0.5% of the higher value. What is it, in THB?

Which tax does the seller pay if he sells within 5 years of buying?

1. Stamp duty only
2. Specific Business Tax (SBT) of 3.3%
3. VAT of 7%
4. No tax

A seller held a condo for 2 years. Appraised value 6,000,000, sale price 6,800,000. SBT is 3.3% of the higher. What is the SBT, in THB?

A resale at 6,000,000 baht pays the agency 3%. A newcomer agent keeps 40% of the agency commission. What does the agent earn, in THB?

Example figures: a developer pays 4% on an 8,000,000 baht off-plan unit. An experienced agent keeps 50%. What does the agent earn, in THB?

An exclusive developer deal pays 6% instead of the standard 3% on a 10,000,000 baht villa. How much more commission does the agency earn, in THB?

A foreign international sales consultant is paid the 50,000 baht monthly work permit floor. What is the minimum annual salary, in THB?

The maximum employee social security contribution is 875 baht a month from 2026. What is the yearly maximum, in THB?

A Bangkok agent has a 20,000 baht base salary. She closes one 3,000,000 baht resale at 3%, keeping 40%. What is her total pay that month, in THB?

A resale at 7,000,000 baht pays a 2.5% commission. What is the commission, in THB?

A private seller owned a house for 6 years. Sale price 5,000,000, appraised 4,200,000. What stamp duty applies (0.5% of the higher), in THB?

For what amount is the FET form typically required?

1. Any amount
2. Only above USD 1 million
3. Never for condos
4. Transfers of USD 50,000 or more

Example figures: a corporate seller who held a unit 2 years sells at 5,000,000; appraised 4,000,000. SBT is 3.3% of the higher, withholding tax 1% of the sale price and the seller pays half the 2% transfer fee on the appraised value. What is the seller's total, in THB?

A buyer gets a new 45 sqm condo. The sinking fund is 600 baht per sqm (one-off), the common fee 60 baht per sqm a month. What does he pay for the sinking fund plus the first year of common fees, in THB?

Example figures: the agency earns 3% on a 12,000,000 baht sale but shares 50/50 with a co-agency. A top producer keeps 70% of the agency's share. What does the agent earn, in THB?

An agent wants 80,000 baht a month on commission only. Each deal is a 4,000,000 baht sale at 3%, and she keeps 40%. How many deals a month does she need (whole number)?

A foreign buyer of a 5,000,000 baht condo asks for the reduced 0.01% transfer fee. What do you answer?

1. Yes, it applies to everyone
2. Yes, if he pays cash
3. Only in Bangkok
4. No: the reduced fee is only for Thai nationals buying homes up to 7 million baht, until 30 June 2027

Must a Thai developer hold off-plan payments in escrow?

1. Yes, always, under the Condominium Act
2. Yes, but only in Bangkok
3. No: under the Escrow Act B.E. 2551 (2008), escrow applies only if buyer and seller agree to use a licensed escrow agent
4. Only for foreign buyers

How do most off-plan buyers in Thailand pay for a new condo?

1. All cash at signing
2. Only at transfer
3. In stages to the developer: reservation fee, contract deposit, construction instalments, balance at transfer
4. Monthly rent until completion

What is a reservation agreement in a Thai off-plan sale?

1. A short agreement with a small fee that holds a unit before the Sales and Purchase Agreement is signed
2. The final title transfer
3. A bank mortgage offer
4. A rental contract

Which law requires condominium sale contracts to follow an official standard form?

1. The Land Code
2. The Foreign Business Act
3. The Escrow Act
4. The Condominium Act, section 6/2, added in 2008

A developer's SPA contains a clause that departs from the Ministry of Interior standard form, against the buyer. What is its status?

1. Valid if the buyer signed
2. Invalid, and the developer risks a fine of up to 100,000 baht
3. Valid for foreign buyers only
4. Valid after one year

Under the standard condo contract, how long is the developer liable for defects?

1. 1 year for everything
2. 5 years for the structure and 2 years for other parts
3. 10 years for everything
4. No liability after transfer

What is the longest construction halt the standard condo contract allows?

1. 3 months
2. 3 years
3. No limit
4. 1 year

How much notice must the developer give of the transfer date under the standard condo contract?

1. 30 days
2. 7 days
3. 90 days
4. No notice is needed

What does Krungsri Research forecast for Phuket housing in 2026?

1. Launches up 50%
2. No change
3. Launches down 4.2% and sales down 7.3%
4. Sales up 20%

A condo priced at 5,000,000 baht is delivered 120 days late. Using the minimum late delivery penalty of 0.01% a day, what does the developer owe, in THB?

Example figures: a 4,000,000 baht off-plan unit. The buyer pays 15% by contract (reservation included) and 15% in construction instalments. What balance is due at transfer, in THB?

A foreign buyer wants the off-plan unit registered freehold in her name. What will the Land Office need?

1. A Thai ID card
2. A TREBA letter
3. A work permit
4. A Foreign Exchange Transaction (FET) form showing the money came from abroad in foreign currency

A developer says the foreign quota in a tower is 'almost full'. What exactly is the 49% limit measured on?

1. The number of units
2. The total saleable floor area of the building
3. The number of floors
4. The land plot

How are Pattaya developers responding to oversupply in 2026?

1. Raising prices
2. Discounts and flexible payment terms
3. Stopping sales to foreigners
4. Selling only land

How did Phuket new launches change in 2025?

1. Up 52.6%
2. Unchanged
3. Down 5%
4. Down 52.6% to 7,205 units

What agency commission range does Leto cite for developer (off-plan) sales?

1. 3% to 5%
2. 0.5% to 1%
3. 10% to 12%
4. A flat 20,000 baht

Phuket had 14,008 unsold units worth 193.7 billion baht in 2025. What is the average value per unsold unit, in million THB (two decimals)?

What does the standard condo contract set as the minimum late delivery penalty and its cap?

1. 0.1% a day, no cap
2. 1% a month, capped at 50%
3. At least 0.01% a day, capped at 10%
4. No penalty, only a refund

An off-plan buyer wants to sell his contract before completion. The developer asks for an assignment fee. What does the standard form say?

1. The buyer may assign the contract without a fee
2. The buyer cannot assign
3. The fee is fixed at 5%
4. Only Thai buyers may assign

A foreign buyer wants a unit in a tower where the foreign freehold quota is used up. What is the lawful option?

1. Register it in a Thai friend's name
2. Buy through a Thai company with nominee shareholders
3. Wait for the 75% quota law
4. Leasehold, since units above the 49% quota can only be held on lease by foreigners

Which state-issued licence must a real estate agent hold to broker sales in Thailand?

1. A broker licence from the Department of Lands
2. A licence issued by TREBA after a written exam
3. A permit from the Board of Investment
4. None: Thailand has no national broker licence or state exam

What is TREBA in the Thai property market?

1. The Thai Real Estate Broker Association, a voluntary body whose membership signals credibility
2. The government regulator that disciplines agents
3. The tax office that collects commission tax
4. A portal that lists condos for foreign buyers

Under the 2020 list of work prohibited for foreigners, where does brokerage or agency work sit?

1. On a list of jobs open to foreigners with a BOI company
2. It is not on the list at all
3. On List 1, works absolutely prohibited for foreigners (item 19)
4. Only on a list for Bangkok, not for the provinces

What kind of legal text is the 2020 list of work prohibited for foreigners?

1. A Royal Decree signed in 2020
2. A Land Department circular
3. A Ministry of Labour Notification dated 1 April 2020, published in the Government Gazette on 21 April 2020
4. A Board of Investment announcement

A Thai graduate wants to start as a property agent in Phuket. Which statement is accurate?

1. She can work in brokerage without a state licence; voluntary training and association membership are optional
2. She must first pass a state broker exam
3. She needs a Foreign Business Licence
4. She can only work as an assistant to a foreign broker

In practice, which tasks are reserved for Thai nationals in a Thai property agency?

1. Social media design and photography
2. Translating brochures
3. Office administration
4. Listing, showing units, negotiating and earning transaction commissions

Which of these roles can a foreigner realistically hold legally in a Thai property company, with the right visa and work permit?

1. Showing condos to walk-in buyers on a tourist visa
2. International sales consultant or overseas marketing manager, with Thai colleagues handling the transaction
3. Freelance agent paid per deal in cash
4. Negotiating directly with sellers in the Land Office

Which visa does a foreigner usually obtain at a Thai embassy before arriving to take up a salaried job and a work permit?

1. Tourist visa
2. Non-Immigrant B visa
3. Retirement visa
4. Student visa

A foreign hire applies for a multiple-entry Non-Immigrant B visa (fees cited in May 2026). What is the fee, in THB?

What does an employer typically need for each foreign work permit it sponsors?

1. 2 million baht paid-up capital and 4 Thai employees per foreign work permit
2. 500,000 baht capital and one Thai employee
3. Only a letter from TREBA
4. 10 million baht capital and no Thai staff

A Bangkok agency wants to employ 3 foreigners as international sales consultants. Using the 4 to 1 ratio, what is the minimum number of Thai employees it needs?

What minimum monthly salary is cited for a Western national's work permit in 2026?

1. 15,000 baht
2. 25,000 baht
3. 50,000 baht
4. 100,000 baht

Your work permit says 'overseas marketing manager'. Your manager asks you to show units to walk-in buyers on Saturday. What should you do?

1. Decline and pass the viewing to a Thai colleague: your real duties must match the permit, and showing units is reserved work
2. Go ahead, the permit covers the company
3. Do it but avoid taking commission
4. Do it only for foreign buyers

A group of foreigners wants to own more than half of a new Thai property agency. What does the Foreign Business Act require?

1. Nothing, agencies are unrestricted
2. Only a VAT registration
3. A TREBA certificate
4. A Foreign Business Licence, because brokerage or agency business is on List 3

Which ownership structure do 2026 guides describe for a foreigner co-founding a Thai agency without a Foreign Business Licence?

1. 100% foreign with Thai directors
2. Up to 49% foreign, with 51% held by genuine Thai shareholders
3. 51% foreign if the office is in Bangkok
4. Any split, as long as the CEO is Thai

Item 19 of List 1 contains one carve-out. Which one?

1. Brokerage of condos above 10 million baht
2. Brokerage or agency in international trade or investment
3. Brokerage by BOI companies
4. Brokerage in Phuket and Pattaya

What penalties do 2026 guides cite for a foreigner working without a work permit?

1. A warning letter only
2. A fine of 5,000 baht
3. A six-month suspension of the visa
4. A fine of up to 100,000 baht, deportation and an entry ban of 1 to 5 years

An agency is caught with 3 foreigners working illegally. Using the cited employer maximum of 400,000 baht per worker, what is the maximum total fine, in THB?

With no broker licence in Thailand, which rules still apply to a property agency?

1. None at all
2. Only the rules of the portal it advertises on
3. Company registration with the Department of Business Development, Foreign Business Act limits and AML duties
4. Only TREBA's code of ethics

How long does a work permit usually take in Bangkok, according to May 2026 reporting?

1. 1 to 3 business days for every company
2. Three months
3. 7 to 10 business days, or 1 to 3 days for BOI companies through the Single Window
4. Six months

A colleague says AREA is the Thai association that certifies property agents. Is that right?

1. No: AREA is the Agency for Real Estate Affairs, a private research firm often cited for inventory data
2. Yes, AREA issues the national agent certificate
3. Yes, AREA replaced TREBA in 2025
4. No: AREA is the Bangkok land office

From 2026 the social security wage ceiling is 17,500 baht a month, with a maximum contribution of 875 baht for each side. A foreign consultant earns 60,000 baht a month. What is the employee's monthly contribution, in THB?