Can foreign persons purchase condominium units in Thailand?
Yes. Both foreign citizens and foreign corporations may purchase condominium units in Thailand and register such ownership on the land title deeds directly in their own names. However, only 49% of the livable area in any condominium building may be foreign owned. Therefore, it is essential that the condominium sale and purchase agreement include a warranty from the seller to confirm that “foreign quota” is available to register ownership of the condominium unit in the name of a foreign person (citizen or corporation).
