Hidden Costs of Buying a Condo in Pattaya

Many buyers only look at the room price, but there are additional costs to prepare for: **Costs at Purchase** 1. **Transfer fee** — 2% of appraised value (usually split 50/50) 2. **Withholding tax** — progressive rate (seller pays) 3. **Specific Business Tax** — 3.3% (if seller held less than 5 years) 4. **Stamp duty** — 0.5% (if SBT not applicable) 5. **Lawyer fees** — 10,000-30,000 baht (recommended) **Annual Costs** 6. **Common Area Fee** — 40-80 baht/sqm/month - 35 sqm unit = approx. 16,800-33,600 baht/year 7. **Sinking Fund** — one-time at transfer, 500-800 baht/sqm 8. **Property insurance** — 3,000-5,000 baht/year 9. **Utilities** — depends on usage **Easily Forgotten Costs** 10. **Furniture** — 50,000-200,000 baht (if unfurnished) 11. **WiFi/Internet** — 600-900 baht/month 12. **Management fees** (if renting out) — 10-20% of rental income **Bottom line**: Budget an extra 10-15% on top of the room price. [Search Pattaya condos](/en/listings).