Foreign Ownership of Condominiums in Thailand

Foreign Ownership of Condominiums in Thailand
Under Thai law, foreigners are allowed to own condominium units according to the Condominium Act B.E. 2522 (as amended), with specific conditions:

Key Requirements for Foreign Condominium Ownership

1. Ownership Limit 49% of Total Units
Foreigners can hold no more than 49% of the total unit space in a condominium building. The remaining 51% must be owned by Thai nationals or Thai companies.

2. Funds Must Be Transferred from Abroad
The purchase funds must be transferred from a foreign account and supported by a Foreign Exchange Transaction Form (FET) to verify the source of funds.

3. Confirmation from the Condominium Juristic Person
Before buying, confirm with the buildings juristic person that there is still available foreign quota for ownership.
 

⚠️ Important Considerations

Exceeding Foreign Quota: If the 49% foreign ownership limit is reached, foreigners may only purchase leasehold rights instead of freehold ownership.

Inheritance Restrictions: Ownership held by a foreigner cannot be directly inherited by another foreigner. Heirs must comply with Thai legal requirements.

  
 Source: 
Thailand Property Law, Thailandlawonline, Samuiforsale - Legal Aspects of Buying & Owning Condos in Thailand