How a foreigner buys at The Base Midtown Phuket
What Thai law allows a foreign buyer, how an apartment in this building is paid for step by step, and what it costs on top of the price.
A foreigner can own a Thai condominium outright, within the 49% foreign quota of a building. At The Base Midtown that quota is open as a list of 58 apartments, and the list states the schedule: booking, 30% at contract, 20% in instalments, 50% on handover in 2028.
The numbers
- Freehold, 49% quota. Thai condominium law lets foreigners hold up to 49% of a building's saleable area in outright ownership with a title deed in their own name
- Leasehold is the fallback when the quota is full: a registered 30-year lease, renewable by agreement. It is a weaker instrument and it prices differently
- Funds must arrive from abroad in foreign currency and be converted in Thailand — the bank certificate of that transfer is what the Land Department requires for a foreign-quota purchase
- Staged payment: booking ฿100,000 (one-bedroom) or ฿200,000 (two-bedroom) → up to 30% at contract → 20% in instalments → 50% on handover
- On top of the price: ฿59 per m² a month for common areas in the first two years and ฿69 from the third, a one-off ฿500 per m² sinking fund, plus the land department transfer fee
General Thai condominium practice. Project-specific figures: pending publication by Sansiri.
Freehold or leasehold — and why the difference matters here
The Thai Condominium Act allows foreign nationals to own up to 49% of the total saleable floor area of a condominium building. Within that quota, ownership is outright: the title deed is issued in your name, it can be sold, inherited and mortgaged, and no Thai partner or company is involved.
Above that share, the remaining 51% can be sold to foreigners only on a leasehold basis — usually a 30-year lease registered against the title, with renewal terms written into the contract. Leasehold is a real instrument and a lot of Phuket stock is sold that way, but it resells at a discount and it is not the same asset.
This is no longer an abstraction here. The freehold quota is allocated to specific apartments rather than to a queue of buyers, and at The Base Midtown that allocation exists: 58 units across five released floors. If the layout you want is not in it, it is either unreleased or in the Thai quota — so «freehold» stays a question about your particular unit, not a property of the project.
How the purchase runs, step by step
- 1. Pick a unit from the listThe foreign quota price list is published: unit number, floor, area, view and price for each of the 58 apartments. A shortlist of two or three numbers saves more than haggling afterwards.
- 2. Choose a unit and pay the booking feeA booking fee holds a specific apartment for a defined period. Read what happens to it if the project does not proceed — that clause matters while the EIA is still under review.
- 3. Sign the sale and purchase agreementUsually within a few weeks of booking, with the first substantial instalment. This is the document to have reviewed by your own lawyer, not the developer's.
- 4. Pay by the schedule20% in instalments while the building goes up, then 50% on handover. With completion in 2028 that is about two years to pay the second fifth of the price.
- 5. Transfer funds from abroadIn foreign currency, into Thailand, converted here. Keep the bank paperwork — the Land Department needs it for a foreign-quota transfer.
- 6. Inspect and take transferSnagging inspection before you sign off, then registration of the title at the Land Department and payment of the transfer fee and sinking fund.
Numbers for this project: known and unknown
Known today
- prices for each of the 58 foreign freehold units, from ฿3,100,000
- the payment schedule: booking, 30% at contract, 20% in instalments, 50% on handover
- ฿59 per m² a month for common areas and a one-off ฿500 per m² sinking fund
- construction starts January 2027, handover expected around July 2028
- the legal seller: Sirinapak 11 Co., Ltd., registration 0105569086705
Not published yet
- the foreign quota as a percentage of the building's floor area
- how the transfer fee is split between buyer and developer
- utility deposits when the meters are connected
- the rental programme as a document rather than a press-release figure
Worth knowing
Three things buyers regret not asking
What happens to the booking fee. The EIA and the construction permit for this project were still under review as of the developer's disclosure dated 6 July 2026. Approval for an urban project of this size is routine, but ask in writing what happens to your money if the schedule slips or the project changes, and get the answer into the reservation agreement rather than into a chat thread.
Which quota your unit is in. Two identical apartments on the same floor can differ by being inside or outside the foreign freehold quota, and that difference follows the unit for its whole life. Ask about the specific unit number, in writing.
What the monthly cost will be. A 27 m² apartment with a low purchase price can still carry a common area fee that changes the rental arithmetic. It is the number most buyers check last and should check second.
Questions foreign buyers ask
Can I buy without coming to Thailand?
Yes, in practice — through a power of attorney and with the funds transferred from abroad in your name. It is common, and it is also the situation in which having your own lawyer rather than the developer's matters most.
Do I need a Thai bank account?
Not to buy. You need the foreign currency transfer to arrive and be converted in Thailand with the correct paperwork. An account here makes the ongoing bills easier once you own the apartment.
What taxes will I pay when selling?
On a resale Thai law applies a transfer fee of 2% of the appraised value, then either specific business tax of 3.3% if you sell within 5 years of acquiring the title or stamp duty of 0.5% if you sell later, plus withholding tax calculated on the appraised or declared value and your holding period. Rates are occasionally reduced by temporary government measures, so check the year you actually sell. This is the point at which to pay for an hour of a Thai tax adviser's time.
Is this page legal advice?
No. It is a plain description of how condominium purchases work in Thailand, written so you know what to ask. We are a sales agency, not lawyers, and on anything contractual you should use your own independent adviser.
Ask before you book, not after
Send us the question you actually have — the quota on a specific unit, the payment stages, the booking terms. We will get the answer from the developer in writing and forward it as it comes, including when the answer is «not decided yet».