Can foreigners buy a condo in Thailand?

Foreigners can buy condominiums in Thailand under the Condominium Act B.E. 2522 (1979): **Key rules:** - Foreign ownership per building capped at 49% of total sellable area - Must transfer purchase funds from overseas in foreign currency (FET form from the bank required) - Minimum transfer amount: equivalent to the purchase price or USD 50,000+ **Ownership types:** - **Freehold:** Full ownership, inheritable, sellable — same rights as Thai owners - **Leasehold:** 30-year lease (not true ownership but cheaper) **Process:** Choose unit → reserve (THB 50,000-200,000) → transfer foreign funds → sign contract → pay transfer taxes (typically split 50/50) → transfer at Land Office. **Costs beyond purchase price:** Transfer fee (2%), specific business tax or stamp duty (3.3% or 0.5%), withholding tax (1%), sinking fund, common area fees. **Cannot buy:** Landed property (houses with land), land plots, townhouses.