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