Thoughts on buying a condo now in Thailand

For the average foreign investor, condominiums are still a good investment if you can wait it out for the returns and the location is sought after.

Text By Jan Yong

If you are thinking of investing in property in Thailand, your best bet would be to buy a condominium direct from the developer. This allows you to get a unit fully in your name without much complication.

The only two main restrictions are: 1. The foreign ownership quota must not exceed 49% of the entire project, calculated based on the aggregate floor space of all units within the condo; and 2. The money you use to buy must be proven to have come from your bank account oversea, converted into Thai baht and verified by a Thai bank.

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