What are the monthly fees for property ownership in Thailand?

Monthly fees vary based on the type of property, location, amenities, and management policies. Here are the main costs property owners might face:

• Maintenance Fees:
  • Apartments: Typically collected monthly or annually for maintaining common areas (e.g., pool, gym, security, cleaning). Costs range from 3 to 12 THB per square meter.
  • Detached Homes: In gated communities, fees range from 500 to 5,000 THB monthly, depending on location and services.
• Property Tax:
  • Since 2020, property tax rates range from 0.01% to 0.1% of the property’s value, depending on usage (residential, commercial, etc.). Owners of units valued under 50 million THB may be exempt.
• Utility Bills:
  • Electricity: Costs range from 0.1 to 0.2 USD per kWh, with average monthly bills between 30 to 100 USD for units with air conditioning.
  • Water: Monthly costs are low, around 6 to 15 USD.
  • Internet and Cable: High-speed internet costs between 15 to 40 USD monthly, depending on provider and speed.
• Sinking Fund:
  • A one-time fee upon purchasing a condo, typically between 10 and 25 USD per square meter, used for future major repairs.