Many foreigners aspire the purchase of a condominium unit in
Thailand, for either residential or investment purposes.
1. Foreign Ownership
Foreigners are allowed to buy and own a condominium unit in
Thailand. However, only condominiums registered under pertinent
laws and licensed with the Thai Land Department offer full
individual ownership (with a government-issued unit ownership title
deed) and are regulated by the Thailand Condominium Act.
At least 51% of the area of the condo building must always be
Thai owned. The foreign-owned units are often referred to as
"foreign freehold" units or units held under the
"foreign quota". If the foreign freehold ownership in a
condominium has reached the limit of 49%, the remaining units may
be leased to foreigners under a 30-year lease agreement. This is
often referred to as "leasehold unit".
