Legal Matters
The Development provides freehold 100% foreign ownership and leasehold for apartments.

Pursuant to Thai property law, a Foreigner may have a freehold ownership over a unit in a condominium. However, condominium units owned by a Foreigner shall not exceed 49% of the total space of the condominium project. Other restrictions are applicable. A non-Thai owner of a freehold condominium unit may transfer a property to other foreigners. The remaining 51 percent will be sold to Foreigners with a registered 30-year leasehold title which is allowed by Thai Law in the name of Foreigners, renewable for two additional 30-year periods. Thai nationals or majority owned (51 percent) Thai Companies can have freehold ownership over every unit.


The acquisition of a property in Thailand can involve a significant investment. Whether you are purchasing or selling a property each party should take into consideration the legal requirements in Thailand regarding property ownership.

For foreigners wishing to invest in Thailand the laws are quite clear, but they need to be well understood and followed completely.


 

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