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10 Jul 2025
Property Buying Guide for Foreigners

The Complete Guide to Buying a Condo in Thailand as a Foreigner (2025)

See All Property Buying Guide for Foreigners
The Complete Guide to Buying a Condo in Thailand as a Foreigner (2025)

✅ Can Foreigners Own Condos in Thailand?

Yes — 100% Freehold ownership is allowed for foreigners, under certain conditions.

According to Thailand’s Condominium Act:

  • Up to 49% of the total floor space in a condo building can be foreign-owned.

  • The unit must be registered as a condominium under Thai law.

  • The purchase funds must come from abroad in foreign currency and be recorded properly.

📝 Step-by-Step: How to Buy a Condo in Thailand as a Foreigner

1. Choose the Right Location

Popular choices for expats and investors:

  • Hua Hin – Peaceful beach town, ideal for retirees and golfers.

  • Pattaya – Lively, rental demand, great for investment.

  • Bangkok – Urban convenience and capital appreciation.

  • Phuket/Koh Samui – Scenic islands with high tourism.

2. Find a Legally Registered Condo

Make sure:

  • The building is registered as a “condominium” (not apartment).

  • Foreign ownership quota (49%) has space left.

3. Hire a Reputable Property Agent

A local agency like Thaiproperty1 can:

  • Pre-screen units with proper legal standing

  • Negotiate with developers or private sellers

  • Guide you through foreign quota verification

4. Hire a Thai Lawyer (Optional but Recommended)

Your lawyer can:

  • Review contracts

  • Perform due diligence

  • Help transfer funds and documents

5. Transfer Funds from Overseas

  • Funds must come from abroad in foreign currency

  • Use a Thai bank account under your name / or a Thai lawyers account if not your own 

  • Obtain a Foreign Exchange Transaction Form (FET) or credit note

6. Sign Sale & Purchase Agreement

Make sure it includes:

  • Total price

  • Payment terms

  • Completion date

  • Responsibilities for taxes and fees

7. Registration at the Land Office

At this stage:

  • All fees and taxes are paid

  • Transfer of ownership is legally recorded

  • You receive the Chanote (title deed)

🏠 Why Condos Are the Best Option for Foreigners

  • 100% ownership allowed

  • Easy to manage or rent out

  • No need for complex company or lease setups

  • Often located in prime, walkable areas

🔒 What to Watch Out For

  • Hidden fees in developer contracts

  • Condos that are not properly registered

  • Overseas payments must be documented correctly

  • Avoid exceeding the foreign ownership quota

🌟 Pro Tip: Work with a Local Specialist

Working with an experienced local agency like Thaiproperty1 ensures:

  • You avoid scams and legal pitfalls

  • You get access to exclusive listings

  • Your purchase is smooth, secure, and stress-free

📞 Ready to Buy a Condo in Thailand?

Whether you're looking for a cozy beachside unit in Hua Hin, a high-yield rental in Pattaya, or your dream holiday home — Thaiproperty1 is here to guide you every step of the way.

📧 Contact us today for a free consultation or browse our latest listings on the website.