Short answer: Foreigners are legally allowed to own up to 49% of the total sellable floor space of a condominium development in Thailand. To purchase, the funds must be transferred from abroad in a foreign currency and correctly documented with a Foreign Exchange Transaction (FET) form from the receiving bank.
Foreigners are legally allowed to own up to 49% of the total sellable floor space of a condominium development in Thailand. To purchase, the funds must be transferred from abroad in a foreign currency and correctly documented with a Foreign Exchange Transaction (FET) form from the receiving bank. It's also essential to ensure the condo is in the foreign quota before proceeding.