Foreign Ownership

When buying a condo in Phuket, you face a choice: Freehold or Leasehold type of ownership? Let's take a look at what each of them means.

In each project, no more than 49% is owned by foreigners. These percentages are referred to as the Foreign Freehold Quota.

The remaining 51% is owned by Thai citizens. Do Thai citizens want to buy real estate in such quantities? It is a big question.

It is unprofitable for developers to miss the chance to sell 51% of their real estate. The law prohibits selling it to foreigners in full possession, but it can be rented out. Leasehold is the right of long-term rent.

There is a special term Foreign Quota that basically means that foreigners can have up to 49% in each condominium building, not more.

Why shouldn't you be afraid of leasehold? What do you need to know before registering a leasehold property?

Now let’s match the terms of freehold and leasehold under these criteria:   

Searching for a new condominium prospective buyers immerse into the mysterious world of bureaucratic subtleties of real estate registration. A vast majority of them is unaware of the significant difference in various methods of registration. Let’s try to figure out the differences, advantages and disadvantages.