TL;DR:Foreigners may freely own condos up to 49% of a building’s sellable area; they must present FET/foreign-currency evidence at transfer. Land ownership by individuals is generally prohibited.
Yes. Foreigners can own condominium units in Thailand in freehold title, but only up to 49% of a condominium building’s total sellable area may be held by foreign nationals under the Condominium Act. At transfer the buyer must show evidence that foreign currency equal to the purchase price was brought into Thailand (Foreign Exchange Transaction / FET evidence or equivalent bank letter). By contrast, natural persons cannot generally own land in freehold; land ownership is reserved to Thai nationals with narrow statutory exceptions. Common legal workarounds are long leases of land (typically 30 years, renewable by contract), or ownership through properly structured Thai juristic persons where BOI/EEC-promoted companies may have special rules for business projects. Always confirm the building’s foreign quota, the Land Office registration requirements and the FET paperwork with the Department of Lands and an experienced real-estate lawyer before signing.
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