Short answer: Short answer: Yes-foreigners can buy a condo freehold in Thailand if the building’s foreign ownership quota has space. Alan Bolton Property Consultants What are the key steps for a foreigner to purchase a condominium in Thailand? .
What are the key steps for a foreigner to purchase a condominium in Thailand?
Short answer: Yes—foreigners can buy a condo freehold in Thailand if the building’s foreign ownership quota has space. The typical flow is: pick a unit, reserve with a deposit, complete legal due diligence, transfer funds to Thailand (get an FET/TT3), sign the Sale & Purchase Agreement, then register the transfer at the Land Office.
- Confirm foreign quota & eligibility. Ask the juristic office/agent if the project still has room under the 49% foreign quota. See: How to check the foreign quota.
- Select the unit & reserve. Sign a brief reservation form and pay a small deposit to take the unit off the market.
- Legal due diligence. Have a lawyer verify the Chanote title deed, unit subdivision, developer approvals, outstanding debts/encumbrances, and building permits. Related: Documents needed to buy.
- Transfer funds into Thailand. Remit purchase money from overseas in foreign currency to a Thai account. Obtain a Foreign Exchange Transaction (FET/TT3) or bank confirmation referencing the condominium purchase and your name.
- Sign the Sale & Purchase Agreement (SPA). This sets the final price, payment schedule, inclusions, and handover condition. See also: Resale condo checks.
- Register transfer at the Land Office. Buyer and seller (or their attorneys-in-fact) attend the Land Office to register the transfer of ownership to you (freehold). Official taxes/fees are paid here.
- Post-transfer setup. Change utility names, collect keys/access cards, and register with the juristic office. If renting out, read: Can foreigners rent out condos?
Good to know: Foreigners cannot own land directly in Thailand, so condominiums are the simplest route to freehold ownership. If you’re exploring villas or houses, see: How can a foreigner own a villa?
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