Freehold condominium
IN FORCE
Foreigners can own condo units outright, but together they may hold no more than 49% of a building's total unit floor area. The cap applies per building.
Insider read. Confirm the remaining foreign quota with the juristic office before you reserve. Popular Phuket buildings sell out their quota first, which also limits your resale buyer pool.
Condominium Act, Section 19 · Thaiger, Jul 2026
Leasehold
IN FORCE
Villas and land are usually held on a registered lease of up to 30 years. Renewal beyond that is contractual. In March 2025 the Supreme Court held automatic "30 + 30 + 30" renewals unenforceable beyond the first term.
Insider read. Price a villa lease on 30 years, not 90. Any renewal value is upside, not something to pay for today.
Thaiger, Jul 2026
Land under Section 96 bis
NARROW
Up to one rai of residential land, but only with a qualifying investment of at least ฿40 million held for five years and Ministry of Interior approval.
Insider read. Discretionary and rarely used. For most clients a well-drafted lease or a freehold condo is the practical route.
Land Code · Thaiger, Jul 2026