We have mentioned several times that it is totally legal for a foreigner to acquire a condominium unit in Thailand. To recap, Thai law makes a provision for foreign ownership of condos provided that 60% of the units in the project are reserved for Thai locals. If the remaining 40% allowance has been bought up by the foreigners, what does a foreign national looking to own a condominium unit do?
Every foreigner knows that there are only two ways of being able to purchase or own real-estate property in Thailand. They can either purchase actual land or they can choose to put in money into a condominium unit. more