Auction condo 66.05 sq m, Patong (No. 50‑1)

This is a condominium unit of 66.05 sq m in Patong, Phuket, offered at an official public auction. The auction is run by the Legal Execution Department office in Phuket.

The unit comes with a condominium unit title and is sold free of mortgage. The announcement lists the title holder as the occupant, so vacant possession is not guaranteed.

Here is how the auction works. The department publishes an official appraisal and a schedule of auction rounds. If a round passes without bidders, the next round 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 if several people bid. The current round, its date, the starting price and our turnkey estimate are shown on this page and updated daily from the official announcement.

The price is built from a few parts. The turnkey estimate is the starting price of the current round, plus our support fee, which is a share of the hammer price, plus a fixed lawyer fee. Government transfer fees are paid separately. A calculator on the page shows the total for your own bidding limit. If you do not win, you pay only a lot check advance, and if you win, that advance counts towards the lawyer fee.

What our support covers:

• a lawyer checks the title, encumbrances and condominium debts;
• we inspect the building outside and, if possible, inside;
• we place the security deposit and bid up to your limit;
• after a win you pay the balance within 15 days, with an extension of up to 3 months on request;
• the title is registered at the Land Office, then handover follows and, if needed, eviction through the court officer.

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

Now the honest risks. The former owner may still live in the unit, and eviction goes through the enforcement procedure, with timing explained by our lawyer. An inside viewing is often impossible, and the condition at handover is not guaranteed. This lot suits a buyer who accepts the auction procedure, does not need guarantees about condition and has own funds ready.