Buying A Condo

[oggie911]

i am going to bkk in march on a triple entry tourist visa 60+60+60,i was wondering can i buy a condo for around 500,000bath and am i allowed to buy one if i can get one for around that price, as its just for some where to stay as i have been to thailand many time but just 1 month at a time mabey twice yearly but want to vist more can any body help,confused.

[whatchamacallit]

i am going to bkk in march on a triple entry tourist visa 60+60+60,i was wondering can i buy a condo for around 500,000bath and am i allowed to buy one if i can get one for around that price, as its just for some where to stay as i have been to thailand many time but just 1 month at a time mabey twice yearly but want to vist more can any body help,confused.

Yes you can buy and own a condo under a foreign name - A newer condominium complex falls under the 49% Foreign ownership law - which allows only 49% of the total units can be owned in a foreign name. The money must be wired from overseas to a local bank here in Thailand - this way you can get a printout from the Bank stating that this money did come from overseas for the purpose of buying a condo. With prices of condos/properties going up and up and up... I believe you're about 10 years too late to buy a condo for 500K or under especially in Bangkok. Good luck

[Guest]

The last comment about price is certainly right. I've just bought a 28sq meter condo (if you can call it that) for 750,000 baht in the outer suburbs, and there are not many around at that price.