Common Area

Definition

Shared surface of a condominium (swimming pool, lobby, gym, gardens, elevators, visitor parking, sky garden, club house) collectively owned by all Co-Owners in proportion to their unit share. In Thailand, the average Common Area represents 30 to 45% of the total project area — the larger it is, the higher the monthly CAM Fee. A well-maintained common area is a crucial value-enhancement factor at resale.