Thailand’s 49% Foreign Condominium Quota Explained

A building-wide limit

Foreign freehold ownership is generally limited to 49% of the aggregate unit area of all units in a registered condominium building. The test is based on unit area across the building, not simply 49% of the number of units.

Quota must be available at transfer

A foreign buyer should obtain current confirmation from the condominium juristic person and ensure the Land Office requirements can be met. Marketing statements or historical quota figures are not enough if ownership changes before transfer.

Source-of-funds evidence also matters

The buyer normally needs appropriate evidence that qualifying funds were remitted from abroad in foreign currency for the purchase. Names, amounts, payment route and bank documentation should be planned before funds are transferred.

What to check before paying a deposit

• The building is legally registered as a condominium
• Foreign quota remains available for the unit area
• The buyer can produce acceptable foreign-exchange evidence
• The unit title and juristic-person records are clear
• The contract addresses failure to obtain quota confirmation