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Condominium Ownership Laws

owning a condominium in hua hin

Buying a condominium is perhaps the simplest and easiest option available to most foreign nationals.

There are certain restrictions on purchasing a condo however:

The percentage of units in a building sold to foreigners cannot exceed forty nine percent (49%) of the total number of units in the condominium block.

The funds used to buy the condominium have been remitted from abroad and correctly recorded as such by a Thai Bank on a Tor Tor Sam.
Purchases of condominiums by foreign individuals are governed by the Condominium Act B.E. 2535/1992.

The owner of each condominium is issued with a certificate of unit ownership. The certificate also has a statement saying exactly what percentage of rights over the common areas of the building each owner has.

Our Sales Representatives will be able to guide you through the process to ensure that your investment is fully protected under Thai law.

 

 

 

 

 

 


Hua Hin Property Centre, 174/1Naresdamri Road, Hua Hin, Thailand, 77110