Auction condo 29.05 sq m, Wichit (No. 101‑1)

This is a condominium unit of 29.05 sq m in Wichit, Phuket, offered at an official court-ordered auction run by the Legal Execution Department of Thailand. The title is a condominium unit title, sold free of mortgage. 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 1,268,033. The next round is round 3 of 6, on 2026-10-22, with a starting price of THB 1,141,229. One earlier round ended without bidders. A bidder security deposit of THB 150,000 is required. The final price is set at the auction and can be higher than the starting price if several bidders take part.

Here is how the price adds up:

• starting price: THB 1,141,229;
• our support, 10%: THB 114,123;
• lawyer: THB 100,000;
• turnkey estimate: THB 1,355,352.

Our 10% fee is charged on the hammer price. 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, this 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. We inspect the building outside and, if possible, inside.
3. You sign a service agreement and a power of attorney, and transfer funds 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 (extension up to 3 months 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, so plan to use your own funds.

The risks are real and worth stating plainly. 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 a buyer who is comfortable with procedural risk, has own funds ready and accepts that the final price may exceed the starting price.