Can foreigners own condo in Thailand?
Thai law is very restrictive when it comes to foreign real property ownership. Buying a condo is generally the only way foreigners are allowed to purchase real property in Thailand outright. … The total area of the condo units owned by foreigners cannot exceed 49% of the total area of all saleable condo units.
Can you buy a condo in Bangkok?
Anyone can buy a condo in Bangkok, but expats need to note these two rules: They can only buy a unit in a condominium where less than 49% of the units are owned by foreigners. The money used to buy a condo must be paid from outside of Thailand.
Can foreigner buy property in Bangkok?
Foreigners cannot buy land in Thailand, only condominium units and apartments. … A foreigner can have a 30-year renewable lease, under which the buyer registers at the Land Office an option to renew the lease contract indefinitely, for further 30-year periods.
Can I live in Thailand if I buy a condo?
The government approved the new package in early November, according to people familiar with the program. Foreigners are prohibited from buying land in Thailand, but they can buy condos or apartments. … The program will run for 24 months and real estate purchased must be move-in ready and not under construction.
How can a foreigner buy a condo in Thailand?
There are no restrictions on nationality and every foreigner who can enter Thailand legally (there are no visa-class requirements) can buy and own a condo unit within the foreign ownership quota of the condominium, but every foreigner must personally qualify for ownership under section 19 of the Condominium Act.
Can foreigners buy property in Thailand 2021?
Yes, Foreigners Buying Property in Thailand can take freehold ownership of a structure in Thailand, however foreigners are not permitted to own land in Thailand. Foreigners may enter into a long lease agreement, commonly known as “Leasehold” to secure the land.
Is it easy to buy a condo in Thailand?
The process of buying a condo in Thailand is fairly easy, and only a few requirements must be met: The property purchased must be part of the project’s 49% surface that could be owned by foreigners. This can be easily verified at the developer’s office directly with the juristic responsible.
How much are condo fees in Thailand?
In terms of new condos, the starting price for a one bedroom, 22 sq meter property is around 1 million Baht (45,000 THB per meter squared).
Cost of a Thai Condo.
|Level||Price per m²|
|Upper-Mid-Range||฿90,000 – ฿119,999|
|High End||฿120,000 – ฿199,999|
|Luxury||฿200,000 – ฿299,999|
|Super Luxury||Above ฿300,000|
Are foreigners allowed to buy property in Thailand?
Generally, foreigners are not allowed to directly purchase land in Thailand. … It is a commonly unknown fact that although a foreigner cannot own land in Thailand, he can own the house or structure built thereon. One only has to apply for a construction permit to build the house in his own name.
Can Singaporean buy condo in Bangkok?
Foreigners are technically only allowed to wholly-own apartment units rather than land. This is the route taken by most Singaporean investors who buy luxury condo units in Bangkok. Even then, 51% of each building must be owned by Thais.
Can foreigners buy a condo?
Yes, absolute. According to R.A. 4726, foreigners can buy and register, under their own name, a condominium unit. The Condominium Certificate of Title (CTC) will be registered under the foreigner’s name.
Where do most expats live in Bangkok?
Some of the most popular locations for expats to live include the upper and lower Sukhumvit Road areas — such as Ekkamai and Thong Lo — the Silom area in the south along the Chao Phraya River, and Phetchaburi Road in the north.