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Condominiums - Thai quota


ozpharlap

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Is there any restrictions on buying Thai owned condos in a foreign name, if the actual condominium building still does not infringe the 49% rule as to foreign ownership within the building?

 

Alternatively, is it the case that once Thai owned, it must remain Thai owned?

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I bought my condo from a Thai and it was transferred into a foreign ownership by the Land Registry. However, this was back in 2003 when the foreign quota for Bangkok and Pattaya was 100%. The law changed a few months later back to the previous 49%.

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Is there any restrictions on buying Thai owned condos in a foreign name, if the actual condominium building still does not infringe the 49% rule as to foreign ownership within the building?

 

Alternatively, is it the case that once Thai owned, it must remain Thai owned?

 

 

Yes you can ...and no once Thai remains Thai ..you can buy from a Thai..

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Thanks for the update, as it opens up more potential, even if i consider doing something with a Thai ... I will always qualify what I do with a lawyer, but armed with some basic facts means I can do a lot more searching before committing to a purchase :beer:

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