Can I own a Apartment / Condominium in Thailand?
Buying a apartment or condominium in Krabi, is perhaps the simplest
and easiest option available to foreigners. The only restrictions
on purchasing a condominium, are that the percentage of units
sold to foreigners cannot exceed forty nine percent (49%) of the
total number of units in the condominium block; and that the funds
used to buy the condominium have been remitted from abroad and
correctly recorded as such by a Thai Bank on a Tor Tor Sam. Purchases
of condominiums by foreign individuals come under the jurisdiction
of the Condominium Act B.E. 2535 (1992). The owner of each condominium
is issued with a certificate of unit ownership. The certificate
also has a statement saying exactly what percentage of rights
over the common areas of the building each owner has.
Learn more about
How to buy property
Foreign Ownership over the Land
in Thailand Buying a apartment
or condominium
Property Tax in Thailand
Thailand Land Titles
Thailand Measurement of
Land
|
|
