This Pattaya condo flip is a real Dynasty Real Estate deal: a Singapore investor bought a studio at Pattaya Condotel Chain in Jomtien on 28 September 2026, renovated it, and sold it for 1,450,000 THB in October 2026. The ownership transfer was completed at the Chon Buri Provincial Land Office. Below are the actual numbers, the costs, and the question every investor asks: was it better than leaving the money in the bank?
The Pattaya Condo Flip in Numbers
| Item | Amount (THB) |
|---|---|
| Purchase price (28 Sep 2026) | 950,000 |
| Renovation | 250,000 |
| Total invested | 1,200,000 |
| Sale price (Oct 2026) | 1,450,000 |
| Agent commission (5% of sale price) | −72,500 |
| Seller’s 50% share of transfer costs (estimate) | approx. −30,000 |
| Estimated net profit | approx. 147,500 |
| Return on money invested | approx. 12.3% in about one month |
Transfer costs at the Land Office (transfer fee, specific business tax or stamp duty, and withholding tax) depend on the official appraised value and how long the seller held the unit. In this deal they were split 50/50 between buyer and seller; the seller’s share shown is an estimate. Purchase-side costs and common fees during the holding period are not included.
What the Renovation Changed
The 250,000 THB budget turned a dated studio into a modern, move-in-ready unit: warm wood-slat feature walls, new built-in furniture, fresh bedding and décor, and the old dressing table converted into a practical dining countertop. Buyers in Jomtien pay for units they can live in or rent out from day one, which is why the unit was reserved quickly once it was marketed at the right price. See the full project in our Jomtien condo flip case study.
Flip vs Bank Interest: Which Wins?
Bank deposits are safe but pay little. In 2026, 12-month fixed deposits at major Thai banks pay roughly 1.65%–2.0% a year, and in Singapore 12-month SGD fixed deposits range from about 1.0% at DBS to around 2.1% at the best promotional rates.
| Option | On 1,200,000 THB |
|---|---|
| Bank fixed deposit at 2% a year, same one month | approx. 2,000 THB (before tax on interest) |
| Bank fixed deposit at 2% for a full year | approx. 24,000 THB (before tax on interest) |
| This Pattaya condo flip | approx. 147,500 THB net |
From purchase to sale took about one month. In that time the flip earned roughly six times more than a full year of fixed-deposit interest would pay on the same money. That is why this investor chose Pattaya condos over low-interest savings.
The Risks You Must Accept
- No guaranteed sale: if the unit sits unsold, every month of common fees and electricity reduces your profit.
- Buying price is everything: this deal worked because the unit was bought well below the value of renovated studios nearby.
- Renovation overruns: a fixed budget and a reliable contractor are essential.
- Exchange rate: for a Singapore investor, SGD/THB movement can add to or reduce the final return.
- Foreign quota: foreign buyers need a unit in foreign quota, which affects who can buy it from you.
Past results do not guarantee future profit. Every flip should be checked against current comparable sales before you buy.
How Dynasty Helps Investors Flip Condos in Pattaya
Dynasty Real Estate handles the full cycle: sourcing undervalued units, checking foreign quota, managing the renovation through our Pattaya property renovation team, marketing the finished unit, and handling the Land Office transfer. Read our guide to flipping a condo in Pattaya, explore the Jomtien area guide, and see our Pattaya investment property overview. Official transfer rules are published by the Thailand Department of Lands.
FAQ
How much profit did this Pattaya condo flip make?
After commission and the seller’s estimated share of transfer costs, the net profit was approximately 147,500 THB on 1,200,000 THB invested, about 12.3% in roughly one month.
Is flipping a condo in Pattaya better than a bank deposit?
It can pay much more, as this deal shows, but it carries market, renovation and liquidity risk that a bank deposit does not.
Can a foreigner flip a condo in Pattaya?
Yes. A foreigner can own a condo freehold in foreign quota, renovate it and resell it, as this Singapore investor did.
Who pays transfer costs when selling a condo in Thailand?
It is negotiable. In this deal, buyer and seller split the transfer costs 50/50.
Looking for your next flip? Contact Dynasty Real Estate and tell us your budget.
