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Question	Can a foreigner legally own a condominium unit in Thailand?
Answer	SAMPLE [more...]
Original answer	Any non-Thai who has legally entered into Thailand may have a freehold ownership over a condominium unit, constructed on a land of less than 5 rai, of certain projects in municipal jurisdictions of the Kingdom, such as Bangkok, Pattaya, and Phuket. However, condominium units owned by a foreigner shall not exceed 49% of the total space of the condominium project. Other restrictions are applicable. A non-Thai owner of a freehold condominium unit may transfer a property to other foreigners. If you wish to buy a condominium in Thailand, there are certain points of which you should be aware before choosing your new property: - How much will the monthly maintenance fees and charges be? - How much are the sinking funds? (For a use of common parts of condominium) - Some condominium projects have never been finished for various reasons, so consider carefully before buying. - If you are interested in a used condominium, verify that your ownership of this property would not rise above a total of foreign-owned total space of all units to more than 49% of total owners.