Additional payments when buying real estate in Phuket

Common Area Maintenance Fees (CAM Fees)

What is a service charge? How is the service charge calculated? How often are CAM billed?

The maintenance fee (maintenance of the common area) depends on the property and development. Service charges are usually paid monthly, or requested one year in advance (sometimes two years).

The service charge covers the general maintenance and repairs of common areas such as the pool, gym, reception, gardens, elevators, security personnel, walkways, and other common areas. It also covers common area bills and window cleaning fees.

Typically, the amount varies from 40 to 70 Baht per square, but the cost can be higher for larger projects with a wider and more luxurious choice of premises or the necessary content.

Maintenance fees usually do not cover cleaning or major renovations of your property. In some cases, it will cover basic repairs.

Sinking fund

What is a depreciation fund? How often is the fund replenished?

The Depreciation Fund is a general fund paid by the owners of all NEW condominiums or villas. This is a fund reserved for repairs, painting, structural changes, equipment replacement of common parts and premises. Usually, the depreciation fund is calculated as the price per square meter multiplied by the living area of ​​your property. It is paid once, in advance, although in rare cases it will need to be replenished after a few years by agreement of all parties involved (developer and all owners).

This is a completely separate charge compared to the service charge. It is paid only for new residential properties and is not required for existing or completed properties.

This contribution to the fund is usually around 400-800 Baht per square meter.

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