Condo Buying Law Change ?

[TerraceWag]

I know about the land / house rule for farangs but has anyone heard of a change recently that says farangs can't even buy condos now ? Was told this happened earlier this year but I completely missed it if true !

Thanks, TW.

[Maestro]

It is not true.

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Maestro

[Khun Jean]

It might be that the news was about the possibility of getting an investment visa when buying a condominium.

That is changed, but i am not 100% sure it was changed to 10 million baht or not able to use a condominium for a investment visa at all.

I suspect the last.

[Irene]

I am a junkie on news media and with the purported news like that I should not have missed it especially when I am in a condominium business as well. So, my answer is negative and I have never heard of it. I am fascinated how news being passed on among expatriates. Mostly, they are frightening and untrue.

[drmap]

Well Its definetly not true as I just bought one at the Manhatan Chitlom. So I heard these rumors but definetly untrue.

Anyone her drmap

[A_Traveller]

A few points, a foreigner may still buy a condo, so long as the purchase does not put the number of units sold to foreigners in the development over 50%. A change last year was that a condominium purchased for over 3 million but less than 10 million ceased {this had been created during the '97 crisis, and was always considered a temporary measure} to allow the owner to apply for an 'investment visa' so long as the purchase was from the developer, not from a secondary owner.

Regards