What is the construction cost in Thailand?
Building a house in Thailand costs more than buying one. Buying an already-built property is cheaper than building from scratch, as you must consider the costs of labor and materials in addition to the land price. Below is a table of the estimated building cost per square meter.
| Property type | Building cost per square meter |
|---|---|
| Standard house | Minimum of ฿ 25,000 ($744) |
| Luxury house | Minimum of ฿ 40,000 ($1,190) |
| High residential buildings & condominiums | ฿ 25,000 ($744) to ฿ 30,000 ($892) for an average condominium ฿ 35,000 ($1,041) to ฿ 45,000 ($1,338) for a luxury condominium |
| Hotels | ฿ 40,000 ($1,190) to ฿ 50,000 ($1,487) for 3-star hotels ฿ 60,000 ($1,784) to ฿ 70,000 ($2,082) for 5-star hotels |
What factors should you consider when you build a house in Thailand?
Building a house in Thailand will not be a fixed amount because the cost depends on many factors. Determining how these factors affect the cost is crucial for better budgeting. Overall, these are the factors that determine the cost of building a house in Thailand:
- The size and complexity of the design;
- The location of the property;
- The cost of buying land;
- Fees to get the required construction permits;
- Skill level of the hired workers;
- Timing of the project;
- Additional amenities or features.
How much does it cost to hire an architect in Thailand?
In Thailand, a licensed Thai architect and engineer must approve building plans and secure a building permit for construction projects, including houses. Architect’s fees in Thailand can be anywhere from 5% to 10% of the home price. If you are building a house in Thailand costing ฿ 10 million ($297,400), expect to pay a Thai architect between ฿ 500,000 ($14,870) and ฿ 700,000 ($20,818). A well-known architect may charge up to ฿ 1 million ($29,740), depending on their experience and the complexity of your design. When it comes to design, the low-cost Thailand house design is usually priced around ฿ 799,000 ($23,762) to ฿ 1.2 million ($35,658) per square meter.
How to find the best contractor to build your house in Thailand?
Contractors are essential in building homes because they know the local rules, can find materials, manage projects well, and ensure good quality work. This can be hard for foreigners who do not know the area well. The average pay for a contractor in Thailand is ฿ 783 ($23.29) per hour.
Here are some contractors in Thailand for building houses:
- Richie Houses;
- Krabi House Builder;
- TAMP Builder;
- Art Tech Home;
- W House;
- Master Plan 101;
- Royal House;
- Crown Home Builder;
- Plus Builders;
- Thai Kajima.
Valuable insights and practical advice, distilled from years of expertise and real-world experience.
Frequently Asked Questions (FAQs)
What is the average cost of building a guest house in Thailand?
A basic guesthouse built by a small local contractor in Thailand might cost a minimum of ฿ 25,000 ($744)+ per square meter.
How much does it cost to build a luxury hotel in Thailand?
Building a luxury hotel in Thailand costs between ฿ 60,000 ($1,784) and ฿ 70,000 ($2,082) per square meter.
What is the cost of building a swimming pool in Thailand?
The cost of building a swimming pool in Thailand typically ranges from ฿ 500,000 ($14,870) to ฿ 2 million ($59,480), depending on the size, design, materials, and location.
How much does land cost in Thailand?
The average land cost in Thailand ranges between ฿ 5.23 million ($155,540) and ฿ 33.9 million ($1.01 million).
How much does it cost to build a condo?
The construction cost for an average condominium ranges from ฿ 25,000 ($744) to ฿ 30,000 ($892) per square meter. In contrast, a luxury condominium can cost between ฿ 35,000 ($1,041) and ฿ 45,000 ($1,338) per square meter.
Can foreigners build a house in Thailand?
Yes, foreigners can build a house on leased land despite the foreign restriction on owning land in Thailand.
