Actually, the rules that regulate Phuket condos ownership look extremely same as land ownership in the entire country. We mean it also offers a special document of homeownership, an official act of purchase.
It is freely available for foreigners to buy apartments in Phuket. As for land ownership, there is some restriction in spite of the fact Phuket land for sale is in a higher demand every year. The Thai legislation has enacted that a foreigner cannot own any plot of land in the Kingdom. A buyer receives the 100% building ownership, but he does not get any land rights.
The Joint Foreign Chambers of Commerce in Thailand (JFCCT) are working towards achieving a review of Thailand’s policy of foreign property ownership.