fgmr Posted March 17, 2022 Share Posted March 17, 2022 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? Link to comment Share on other sites More sharing options...
smutcakes Posted March 17, 2022 Share Posted March 17, 2022 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. Link to comment Share on other sites More sharing options...
ozfarang Posted March 17, 2022 Share Posted March 17, 2022 A villa is not the same as a condo @smutcakes Link to comment Share on other sites More sharing options...
smutcakes Posted March 17, 2022 Share Posted March 17, 2022 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. Link to comment Share on other sites More sharing options...
Muhendis Posted March 17, 2022 Share Posted March 17, 2022 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. Link to comment Share on other sites More sharing options...
fgmr Posted March 17, 2022 Author Share Posted March 17, 2022 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. I was referring to adverts related to villa sales not condos.. Link to comment Share on other sites More sharing options...
Mavideol Posted March 17, 2022 Share Posted March 17, 2022 15 minutes ago, fgmr said: I was referring to adverts related to villa sales not condos.. maybe own the villa as freehold and the land where it stands as leasehold... hummmmm doesn't sound safe Link to comment Share on other sites More sharing options...
Peterw42 Posted March 18, 2022 Share Posted March 18, 2022 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. Link to comment Share on other sites More sharing options...
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