Resale — what it means
Resale is buying from the current owner on the secondary market rather than from the developer. Pros: the unit exists, the view and rental history are known, and prices are negotiable. Cons: fewer instalment options and the unit’s history needs closer checks.
Resale vs new build: the core difference
On a resale, the buyer sees a finished unit, the actual view, the state of the complex and its rental history. In a new build, they buy a future result from the developer and usually get instalments, but accept the risk on delivery timing and construction quality.
What gets checked in a resale deal
Before the deposit: the title, the owner, encumbrances, service arrears, the ownership form and how registration costs are split. For a rental property, verify the actual contracts and payments, not just a yield forecast.
How this works with us
We run a resale property through the same checklist as a new build, plus the secondary-market specifics: a debt-free certificate from the juristic person, the remaining foreign quota when re-registering freehold, and the unit’s real rental statistics instead of forecasts. The split of the deal’s taxes and fees is fixed in the contract before the deposit, not at registration.
Frequently asked questions
Is resale the same as secondary-market property?
Yes. It is a property sold by its current owner — even if the building was completed recently and no one has lived in the unit.
Can you negotiate on a resale purchase?
Usually yes: the size of the discount depends on the seller’s motivation, time on the market, the unit’s condition and comparable listings in the complex.
What matters most to check?
The title and the owner’s identity, encumbrances, arrears to the management, the available ownership form, and who pays which costs at registration.
Resale vs new build in Phuket →
See it on a real property
Terms matter when there is an actual deal behind them. We will show how this one works on a project from the catalogue — documents and numbers included.
Browse the catalogue