Auction condo 75.1 sq m, Kathu (No. 28‑1)

This is a condominium unit of 75.1 sq m in Kathu, Phuket, Thailand, sold at an official court-ordered auction run by the Legal Execution Department of Thailand. It sits in our catalogue area of Central Festival. The unit comes with a condominium unit title and is sold free of mortgage. The auction announcement lists the title holder as the occupant, so vacant possession is not guaranteed.

The auction. The official appraisal is THB 3,154,200. The next round is round 4 of 6, held on 2026-10-29 at the Legal Execution Department office in Phuket. The starting price of this round is THB 2,207,940. The three earlier rounds had no bidders. Each bidder must place a security deposit of THB 250,000. The final price is set at the auction itself. If several bidders take part, it can end higher than the starting price.

The price structure. Starting price THB 2,207,940 + our support fee of 10% (THB 220,794) + lawyer THB 100,000 = turnkey estimate THB 2,528,734. Our 10% fee is charged on the hammer price, and government transfer fees are paid separately. If the auction is not won, you pay only the lot check advance of THB 30,000. After a win, that advance counts towards the lawyer fee.

How it works for a foreign buyer. 1) You choose the lot and send a request. 2) Our lawyer checks the title, encumbrances and condominium debts, and we inspect the building outside and, if possible, inside. 3) You sign a service agreement and a power of attorney, and funds are transferred from abroad with a Foreign Exchange Transaction form. 4) We place the security deposit on auction day. 5) We bid up to your limit. 6) After a win, the balance is paid within 15 days (an extension of up to 3 months is possible on request), and the title is registered at the Land Office. 7) Handover follows, with eviction through the court officer if needed, then renovation, rental or resale with us. Foreigners can own a condominium unit within the 49% foreign quota of the building, with funds transferred from abroad. Banks almost never lend for auction purchases.

Honest risks. The former owner may still live in the unit, and eviction goes through the enforcement procedure. Our lawyer explains the timing. An inside viewing is often impossible, and the condition at handover is not guaranteed. This lot suits buyers who use their own funds, accept a court procedure and are comfortable with uncertainty about timing and condition.