Auction condo 36.03 sq m, Karon (No. 89‑1)

This is a condominium unit of 36.03 sq m in Karon, Phuket, sold at an official auction run by the Legal Execution Department of Thailand. The unit comes with a condominium unit title and is sold free of mortgage.

The sale is a public auction held by the department's office in Phuket. The department publishes an official appraisal and a schedule of auction rounds. If a round passes without bidders, the next one starts at a lower price under the department's rules. Every bidder places a security deposit on auction day. The final price is set at the auction and can be higher than the starting price when several bidders take part. The current round, its date, the starting price and our turnkey estimate are shown on this page and updated every day from the official announcement.

The turnkey estimate is built from three parts: the starting price of the current round, our support fee (a share of the hammer price) and a fixed lawyer fee. Government transfer fees are paid separately. If the auction is not won, you pay only a lot check advance, and after a win it counts towards the lawyer fee. The calculator on the page shows the total for your own bidding limit.

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 pay from your own funds. Our support covers:

• a lawyer's check of the title, encumbrances and condominium debts;
• an inspection of the building from outside and, if possible, inside;
• placing the security deposit and bidding up to your limit;
• payment of the balance within 15 days after a win (extension up to 3 months on request), registration at the Land Office, handover and, if needed, eviction through the court officer.

The purchase steps are shown in the separate block "How it works" on this page.

There are real risks. The announcement lists the title holder as the occupant, so vacant possession is not guaranteed. Eviction goes through the enforcement procedure, and 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 auctions and legal procedures, pays from their own funds and accepts uncertainty about condition and vacating the unit.