– Yes, they can. According to Thai law, a foreigner cannot own land, but they can own a building built on it. The land can be leased long-term or registered on a Thai company.
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- What is a Condominium under Thai law?
– According to the Condominium Act (the Joint Ownership Houses Act), a condominium is defined as a building comprising individual and jointly owned property, divided into units that can be sold to individuals or groups for private ownership. Condominium owners own the land on which the condominium is located through a legal entity that represents… Read more: What is a Condominium under Thai law?