Buying condo in Thai ?? or... Foreign Quota?

[Fiskebolle]

Dear AN members,


Long story short… after many years or renting, looking now at purchasing a condo in my own name.

I’ve been looking at various real estate agencies online and found that most condos are listed /registered in Thai quota.

From what I understand is that in each building’s foreign quota should not exceed 49% of total available floor space in that particular building.

Now, assuming that the foreign quota in a particular building has not been used up yet (still available), would it be therefore possible to purchase a condo from a Thai owner (Thai Quota) and register it in the foreign quota *(if foreign quota is still available in that building)?

OR… can I only buy a condo which is currently being registered under foreign quota from a previous foreign owner?

Let me know if I may be missing or unnecessarily overthinking/overcomplicating something here?

Cheers,

FB

[CallumWK]

3 minutes ago, Fiskebolle said:

Now, assuming that the foreign quota in a particular building has not been used up yet (still available), would it be therefore possible to purchase a condo from a Thai owner (Thai Quota) and register it in the foreign quota *(if foreign quota is still available in that building)?

 

Yes you can

[Explorator en Actione]

6 minutes ago, Fiskebolle said:

Dear AN members,


Long story short… after many years or renting, looking now at purchasing a condo in my own name.

I’ve been looking at various real estate agencies online and found that most condos are listed /registered in Thai quota.

From what I understand is that in each building’s foreign quota should not exceed 49% of total available floor space in that particular building.

Now, assuming that the foreign quota in a particular building has not been used up yet (still available), would it be therefore possible to purchase a condo from a Thai owner (Thai Quota) and register it in the foreign quota *(if foreign quota is still available in that building)?

OR… can I only buy a condo which is currently being registered under foreign quota from a previous foreign owner?

Let me know if I may be missing or unnecessarily overthinking/overcomplicating something here?

Cheers,

FB

would it be therefore possible to purchase a condo from a Thai owner (Thai Quota) and register it in the foreign quota *(if foreign quota is still available in that building)?

**Yes, that is how I bought my Condo, was Thai Quota, Mgt changed i to Foreign Quota for 1500 baht filing fee. Then I was able to buy.