Foreigner owned Freehold Villa

[fgmr]

Have recently seen advertisements of properties for sale in Phuket. The adverts state that a property is freeho;d and foreign owned.

 

I have always been under the impression since first arriving in Thailand in 2005 that foreigners cannot buy freeholds. 

 

Can anyone explain?

 

 

 

[smutcakes]

Foreigners can buy freehold condominium units up until 49% of the total condo is owned by foreigners. Other than in tourist resorts like Phuket, Pattaya and Samui, ownership never really gets anywhere close to 49% foreign owned.

[ozfarang]

A villa is not the same as a condo @smutcakes

[smutcakes]

17 minutes ago, ozfarang said:

A villa is not the same as a condo @smutcakes

Yes, sorry i did not really consider the title, just the opening post and did not read villa.

[Muhendis]

I have always been under the impression that the building can be foreign owned but not the land it sits on. I would say the definition of property maybe does not include the land.

[fgmr]

53 minutes ago, smutcakes said:

Foreigners can buy freehold condominium units up until 49% of the total condo is owned by foreigners. Other than in tourist resorts like Phuket, Pattaya and Samui, ownership never really gets anywhere close to 49% foreign owned.

1. I was referring to adverts related to villa sales not condos..
2.  

[Mavideol]

15 minutes ago, fgmr said:

1. I was referring to adverts related to villa sales not condos..
2.  

maybe own the villa as freehold and the land where it stands as leasehold... hummmmm doesn't sound safe

[Peterw42]

Its just semantics. The freehold villa would be "owned" by a share of a company, a leasehold, separating a structure from the actual freehold etc.

A creative definition/interpretation of the word owned.