Auction condo 28.75 sq m, Mai Khao (No. 120‑1)

This is a condominium unit of 28.75 sq m in Mai Khao, Phuket, Thailand, offered at an official court-ordered auction. 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 is run by the Legal Execution Department of Thailand at its office in Phuket. The official appraisal is THB 2,159,125. The four earlier rounds had no bidders. The next round is round 6 of 6, on 2026-11-05, with a starting price of THB 1,511,388. Each bidder must place a security deposit of THB 150,000. The final price is set at the auction. If several bidders take part, it can be higher than the starting price.

Here is how the price is built with our support:

• starting price: THB 1,511,388;
• our support, 10% (THB 151,139), charged on the hammer price;
• lawyer: THB 100,000;
• turnkey estimate: THB 1,762,527.

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, this advance counts towards the lawyer fee.

How it works for a foreign buyer. 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 steps are: 1) you choose the lot and send a request; 2) our lawyer checks the title, encumbrances and condominium debts, and we inspect the building outside and, if possible, inside; 3) you sign the service agreement and power of attorney, and funds are transferred 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 (an extension of up to 3 months is possible on request) and the title is registered at the Land Office; 7) handover, eviction through the court officer if needed, then renovation, rental or resale with us.

Honest risks. The former owner may still live in the unit. 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 buyers who accept an auction with an uncertain result, are comfortable with a legal procedure, and can transfer funds from abroad.