New Consumer Protection Measures in Condominium Reservation Agreements

Published on Oct 28, 2024

In response to the increasing supply and demand for condominium units, the Contract Committee (the “Committee”) under the Consumer Protection Act B.E. 2522 (1979) (the “Consumer Protection Act”) has taken significant steps to safeguard consumer interests. On 30 August 2024, the Committee issued the Notification of the Contract Committee re: Designating the Sale of Reserved Condominium Units as a Business Subject to Contract Control (the “Notification”).