Auction condo 40 sq m, Patong (No. 128‑1)

This is a 40 sq m condominium unit in Patong, Phuket, offered at an official court-ordered auction run by the Legal Execution Department of Thailand. The title is a condominium unit title, and the unit is sold free of encumbrances. The announcement lists the title holder as the occupant, so vacant possession is not guaranteed.

The auction takes place at the Legal Execution Department office in Phuket. The official appraisal is THB 849,600. The next round is round 3 of 6, on 2026-10-22, with a starting price of THB 679,680. The two earlier rounds had no bidders. A bidder security deposit of THB 50,000 is required. The final price is set at the auction itself: if several bidders take part, it can end up higher than the starting price.

Here is how the price is built:

• Starting price: THB 679,680
• Our support fee, 10%: THB 67,968, charged on the hammer price
• Lawyer: THB 100,000
• Turnkey estimate: THB 847,648

Government transfer fees are paid separately. If the auction is not won, you pay only the lot check advance of THB 30,000. If you win, that advance counts towards the lawyer fee.

How it works for a foreign buyer. Step 1: you choose the lot and send a request. Step 2: our lawyer checks the title, encumbrances and condominium debts, and we inspect the building from the outside and, if possible, from the inside. Step 3: you sign a service agreement and a power of attorney, and transfer funds from abroad with a Foreign Exchange Transaction form. Step 4: we place the security deposit on auction day. Step 5: we bid up to your limit. Step 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. Step 7: handover, 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, using 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 offer suits buyers who can pay with their own funds, accept that the final price is known only at the auction, and are ready for a possible eviction process.