Can't Even Buy A Condo Outright Now

[fanciman]

I heard from a Thai recently that there was a change to the law (this year, I think) which means that it is now no longer possible for a farang to buy an apartment in a condominium outright. The best that can be achieved now is a lease for 50 years or something like that.

Is this true or rubbish?

[chiang mai]

I heard from a Thai recently that there was a change to the law (this year, I think) which means that it is now no longer possible for a farang to buy an apartment in a condominium outright. The best that can be achieved now is a lease for 50 years or something like that.

Is this true or rubbish?

Rubbish. BTW, leases are for 30 years and not 50.

[Pattaya46]

Is this true or rubbish?

You do know that it's total rubish,

so why do you post such a message ?

And who is "a Thai" ...

[Jingthing]

I think it is OK to post this obvious untrue rumor so that it gets promptly and properly SQUASHED.

[Livinginexile]

More than likely he heard it from his Thai girlfriend who doesn't want him to buy a condo in his own name but rather buy a house in her name.

[pampal]

More than likely he heard it from his Thai girlfriend who doesn't want him to buy a condo in his own name but rather buy a house in her name.

:D

[glyph]

"I heard from a Thai recently..."

Which one?

[corkscrew]

I just bought a condo....and I am not Thai.