Can Foreigners Buy a Condo in Thailand? The 49% Quota Explained
Short answer
Yes. Under the Condominium Act B.E. 2522 (1979), foreigners can buy a condo unit in Thailand and hold the title in their own name, but foreign-owned units together may not exceed 49% of the total unit area of the building, and the money must be brought in from abroad in foreign currency, with a bank document to show at the transfer. 336 of the 340 condos for sale on DooAsset are freehold.
Summary of this article by the DooAsset team · Updated
What foreigners can and cannot own
| Type | Can a foreigner hold the title? |
|---|---|
| A unit in a condominium | Yes, within the building's foreign quota |
| Land (houses, townhouses) | Generally no, under the Land Code |
| Long lease | Yes; a lease can be registered for up to 30 years at a time |
That is why a condo is the main way for foreigners to own a home in Thailand.
The 49% foreign quota
- The Condominium Act limits the units owned by foreigners to 49% of the total unit area of the building.
- Before you reserve, ask the seller or the condominium juristic person to confirm that foreign quota remains. The Land Office checks the ratio on transfer day.
- If the quota is full, a foreigner cannot take that unit in their own name.
Bringing the money in
- The purchase money must be transferred from abroad in foreign currency and converted to baht by a bank in Thailand.
- The receiving bank issues a document confirming the transaction, such as a Foreign Exchange Transaction Form (FET) for amounts of USD 50,000 or more, or a bank letter for smaller amounts.
- State in the transfer details that it is for buying a condominium unit, with the building name and unit number, and keep every document for the Land Office.
Freehold or leasehold
As of 4 Oct 2026 DooAsset lists 340 condos for sale: 336 freehold, 2 leasehold and 2 not stated. A freehold buyer receives the condominium title deed in their own name.
Prices worth knowing
- A one-bedroom unit on DooAsset has a median price of 5.98 million baht and a median size of 39 sqm.
- A two-bedroom unit has a median price of 12 million baht and a median size of 75 sqm.
- The median price per sqm across all units for sale is about 154,758 baht.
For lower prices, see Buying a Condo Near BTS/MRT Under 5 Million Baht.
Steps and costs
- From reservation to transfer: Buying a Resale Condo in Bangkok: Step by Step
- Fees and taxes on transfer day: Transfer Day Costs for a Resale Condo in Thailand
- Thai bank loans for foreigners are limited; most foreign buyers pay cash or borrow abroad.
This article is general information, not legal advice. Rules on money transfers and documents can change; check with your bank and the Land Office before you transfer.
Last updated · written by the DooAsset team · figures may change as listings open and close each day
