Foreign buyers can typically own condominium units freehold within a project's 49% foreign ownership quota. Always ask the developer or seller for a written foreign quota confirmation before paying a deposit — and keep a copy for your lawyer and bank.
Freehold condos vs. houses
Condos registered under the Condominium Act are the most common freehold route for foreign individuals. The unit must be in a qualified condominium project, and the building must comply with the 49% foreign ownership limit at the project level. Houses and land are usually acquired via long-term leasehold or structures arranged with local counsel — not as direct freehold in a foreign individual's name.
The 49% foreign quota is calculated at the project level — not per building phase. Ask for the juristic person's latest foreign ownership report before you sign.
Structures buyers sometimes consider
- Freehold condo unit (within quota) — most straightforward for individuals
- 30-year leasehold with renewal options (houses/villas)
- Thai company structures — high scrutiny; always use independent legal advice
- Spousal arrangements — document beneficial ownership and loan liability clearly
What to request before reserving
- Written foreign quota confirmation for your unit
- Latest juristic person minutes and financial summary (resale)
- Draft sale and purchase agreement for lawyer review
- Fund transfer path and FET documentation requirements
Use this Buyer's Guide alongside your advisor's checklist before you sign. Rules evolve — your lawyer should confirm the current framework for your nationality and financing plan.