ozpharlap Posted August 7, 2009 Report Share Posted August 7, 2009 I am aware that an alien/foreigner may purchase a condominium in their own name (subject to the 51% usable floor space Thai ownership rule). However, does anyone have a map or web reference as to where the Bangkok area ends? Also, does anyone know the other towns/areas where alien/foreigner may purchase a condominium in their own name Link to comment Share on other sites More sharing options...
Vintage_Kwai Posted August 7, 2009 Report Share Posted August 7, 2009 I was under the impression the rule applied country-wide. (i.e. Pattaya is not Bangkok, but I'm sure the rule applies there too) If you've got the Thinknet Bangkok map, click on political boundaries and you'll see where Bangkok proper is demarcated. Link to comment Share on other sites More sharing options...
ozpharlap Posted August 7, 2009 Author Report Share Posted August 7, 2009 Thanks for the advice however, I am quite sure that it does not apply country wide but I am happy to be corrected. I was under the firm impression that it was just Bangkok, Pattaya, Ko Samui and Phuket. I am unsure that the geographical boundaries to purchase condominiums are the same as the political boundaries. Link to comment Share on other sites More sharing options...
Pom Michael Posted August 7, 2009 Report Share Posted August 7, 2009 Maybe the question is - are there any condo projects in those locations (Jurastic Persons)? Any condo projects in Srisaket, Udon, Loei or Buriram? Link to comment Share on other sites More sharing options...
WorldFun Posted August 7, 2009 Report Share Posted August 7, 2009 ozpharlap, http://www.thailand-lawyer.com/condo.html This source states you're misinformed about only certain areas allowing foreigners to buy condos. It's allowed countrywide with the only restriction that max 49% of the total floorspace/units can be owned by 'aliens'. Then there's the exception that 'some' condo projects in BKK don't have this restriction thus foreigners may buy up the whole building - this may be what's causing your mix up Anyway Bangkok proper is all the areas inside the borders with 'Metro' provinces of Nonthaburi, Pathum Thani, Samut Prakan, Samut Sakhon, Nakhon Pathom, Chachoengsao or something like that. Check gmaps whatever. I'd say anything inside the outer ring road is 'bkk' while in fact it's not ;-) Happy condo hunting! Link to comment Share on other sites More sharing options...
ozpharlap Posted August 7, 2009 Author Report Share Posted August 7, 2009 Thanks for the information. I will read it and make further inquiries. Link to comment Share on other sites More sharing options...
ozpharlap Posted August 9, 2009 Author Report Share Posted August 9, 2009 I assume there is a requirement to have a foreigner/alien purchase registered, anyone know where and how this is done? Link to comment Share on other sites More sharing options...
WorldFun Posted August 27, 2009 Report Share Posted August 27, 2009 The main requirement for a foreigner to buy & register a Thai condo in his own name is to import foreign currency (into a Thai account) having the note 'for condo purchase' & getting the bank of thailand receipt for it which the receiving bank should arrange for you. Then armed with that receipt registration of the condo in your name & a land title can be issued/transferred from land office in your name Something like that. Many 'legal firms' assisting foreigners list that process on their webs... Link to comment Share on other sites More sharing options...
ThaiHome Posted August 27, 2009 Report Share Posted August 27, 2009 Having been a witness to dealings with several Land Dept offices in Bangkok I would not attempt to do anything without some assistance with someone familiar with the procedure and the people in the office. TH Link to comment Share on other sites More sharing options...
WorldFun Posted August 28, 2009 Report Share Posted August 28, 2009 sure, but if buying a new condo from a trustworthy developer the builder who also is the seller are likely to do that reg. process for you eliminating much need of 3rd party legal assistance. of course it helps if 'some trusted' Thai is there to assist as not all paperwork etc may be in English etc etc. typically a 'purchase' is 3 step process of: 1) unit/condo reservation ~5-50k baht? 2) 1st/initial deposit/downpayment say 30%? 3) final payment & handover of the 'deed title' (most crucial step obviously) Cheers! Link to comment Share on other sites More sharing options...
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