Current Condo Ownership Rules For Farang

[Wrong Turn]

I just want to clarify:

Have there been any changes in the "Farang can own his/her own Condo" rule.

I am hearing "rumors" again - that there has been a change.

Sorry to ask/post such a dumb questions.

Question:

Can a foreigner legally, fully own a Condo (if the BUILDING) is owned by majority Thai, or does the actual condo itself have to be owned 51% by a Thai?

Thanks in advance, WT.

[Thaifan2]

I just want to clarify:

Have there been any changes in the "Farang can own his/her own Condo" rule.

I am hearing "rumors" again - that there has been a change.

Sorry to ask/post such a dumb questions.

Question:

Can a foreigner legally, fully own a Condo (if the BUILDING) is owned by majority Thai, or does the actual condo itself have to be owned 51% by a Thai?

Thanks in advance, WT.

No changes to Condo ownership .Its 51% of the Condo block to be owned by a thai .Then the farang can own his own Condo 100%.

You still see condos for sale under company ownership .I would never buy one of those .

[Mossfinn]

This Thread might interest you, if not look through some of the others, they might help.

Personally, I haven't heard of any changes recently.

Moss

[andy1308]

I was speaking to the Sales and Marketing Manager of a company responsible for one of the new developments on Suk Soi 11 last week. She said the development is 60% sold but the 49% 'farang' allocation is completely sold. This was one of the high end developments so it shows who is buying right now.

[naka]

Still the same ... only 49% can have foreign ownership. Note, that's 49% by area,

not 49% of the number of condo's.

Naka.