11/05/2017
Buying a property with condominium status in Thailand, as a foreigner, is the easiest and most straightforward method to invest in Thailand real estate. In accordance with the 1979 Thailand Condominium Act, foreigners can own condominiums anywhere in Thailand, in their own name, as long as the building does not exceed its 49% foreign quota.
All properties for sale here, except for one, have condominium status and are freehold title. Buyers of these properties with condominium status, can thus own these freehold properties with condominium status in their own name, without any encumbrances, provided total ownership in the whole development by foreigners does not exceed 49%.
One of the property for sale however does not have condominium status. It however has a long term lease of 30 years +30 years +30 years. Buyer of this property will thus takeover this long-term leasehold entitlement and hold that entitlement in his / her own name.
To make it easier to sell and transfer title for each of the property for sale, to the next buyer, all properties for sale are held in the name of separate special purpose offshore company, formed just to hold title of the property.
This page does not profess to provide any legal advice. Those interested in buying any of the property for sale should thus seek their own independent legal advice.
Following links below provide some further information that may be of interest to you:
http://www.siam-legal.com/realestate/thailand-property-how-to.php
http://www.thaiembassy.com/thailand/buying-realestate-thailand.php