What Does the Foreign Condominium Quota Mean?

The Condominium Act framework generally limits foreign ownership to no more than 49 percent of the aggregate unit area in a registered condominium building. The relevant question is whether quota is available for the specific transfer, not whether foreign buyers have previously purchased in the project. Obtain a current juristic-person certificate and have the transfer documents reviewed. A marketing statement or old quota figure should not replace evidence issued for the transaction.

Ask the buyer-side lawyer to produce a one-page ownership diagram showing the land, building, condominium unit, company or registered rights, together with duration, transfer, succession and default consequences. Confirm the current Land Office and bank requirements before money moves.

This is general guide information only; obtain current independent Thai legal, tax, financial or technical advice for the specific transaction.