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Can foreigners buy a condominium in Thailand?
Quick Answer
Yes, foreigners can legally own a condominium in Thailand under the Condominium Act B.E. 2522 (1979). Ownership is granted on a freehold basis, provided that foreign ownership in a single building does not exceed 49% of the total floor area.
Under the Condominium Act B.E. 2522 and its subsequent amendments, foreigners are permitted to own the freehold title of a condominium unit. This is the most direct form of property ownership available to non-Thais. The primary restriction is the 'Foreign Quota' rule: at least 51% of the total saleable area of the condominium project must remain owned by Thai nationals.
To qualify for ownership, the buyer must typically prove that the funds for the purchase were remitted into Thailand from abroad in a foreign currency. This is documented through a Foreign Exchange Transaction Form (FETF) or a Credit Note issued by a Thai bank, which is a mandatory document for registration at the Land Department.
Foreigners who have a permanent residence permit or those entering Thailand under specific investment promotion laws (such as BOI) may have different documentation requirements, but the 49% quota remains the standard legal threshold for all residential projects.
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Under the Condominium Act B.E. 2522 and its subsequent amendments, foreigners are permitted to own the freehold title of a condominium unit. This is the most direct form of property ownership available to non-Thais. The primary restriction is the 'Foreign Quota' rule: at least 51% of the total saleable area of the condominium project must remain owned by Thai nationals.
To qualify for ownership, the buyer must typically prove that the funds for the purchase were remitted into Thailand from abroad in a foreign currency. This is documented through a Foreign Exchange Transaction Form (FETF) or a Credit Note issued by a Thai bank, which is a mandatory document for registration at the Land Department.
Foreigners who have a permanent residence permit or those entering Thailand under specific investment promotion laws (such as BOI) may have different documentation requirements, but the 49% quota remains the standard legal threshold for all residential projects.