PROJECT
CompletedAbove Element Condominium
in Bang Tao, Phuket
DISTRICT
Bang Tao
Phuket's coastline divides into fifteen distinct tourist zones, each with its own buyer profile, price band and rental cycle. The luxury west coast — Bang Tao, Layan, Surin, Kamala — runs Aman-tier resorts, golf, beach clubs and the highest absolute prices on the island. Drop south through Patong (the tourist…
Real Estate in Bang Tao →FEES & TAXES
Standard transaction fees in Thailand for a completed condominium under the ownership types listed below.
Freehold
- Transfer fee — 2%
- Specific Business Tax — 3.3%
- Withholding tax — 1%
- Stamp duty — 0.5%
Freehold (foreign quota): one-time transfer fee + tax obligations at closing. Annual common-area maintenance (CAM) separately.
Leasehold
- Transfer fee — 1%
- Stamp duty — 0.1%
Leasehold (30-year): registration fee 1% + 0.1% stamp duty on the lease value. No annual property tax for the lessee.
Buyer and seller usually split the transfer fee 50/50.
NEARBY PLACES
International Schools
- Yedda Blue Phuket - Bang Tao371 m
Malls & Souks
- The Plaza Surin1.0 km
- Porto de Phuket1.9 km
- Boat Avenue Mall1.9 km
Parks
- Buterfly park1.4 km
- Elephant Care Park Nai Dee Phuket1.9 km
- Green Elephant Sanctuary Park2.1 km
Beaches
- Surin Beach1.7 km
- Bang Tao Beach2.1 km
- Cape Singh Beach2.3 km
Iconic Landmarks
- Wat Choeng Thale2.4 km
Museums
- The Living Arts Gallery Phuket2.8 km
FREQUENTLY ASKED
Above Element Condominium — buyer FAQ
Can foreigners buy property at Above Element Condominium?
Yes. Foreign buyers at Above Element Condominium can typically purchase under the Thai condominium foreign quota (freehold — up to 49% of total floor area) or via a 30-year renewable leasehold structure. Verify current quota availability with the developer before transfer.
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