Yes, for condominiums. A foreign buyer can own a Pattaya condo outright in their own name, provided the building has not used up its foreign quota, which by law is 49 percent of the building's total saleable floor area. Foreigners cannot own land in Thailand, so houses and pool villas are normally held through a Thai company or a long lease instead. Condo prices in Pattaya and Jomtien currently start around THB 1,150,000 and run to about THB 3,500,000.
Every condominium building in Thailand can sell up to 49 percent of its total saleable floor area to foreign buyers. Those units are called foreign quota. The remaining 51 percent is Thai quota and can only be owned by a Thai national or a Thai company.
This matters because two identical units in the same building can carry different prices and different rules purely because of which quota they sit in. A foreign quota unit is usually worth more, because far more buyers can own it. Always confirm the quota in writing before paying a deposit.
Foreigners cannot own land in Thailand in their own name. In practice that leaves two routes for a house or pool villa. The property can be held by a Thai limited company, which is common and is what several listings here are structured as. Or the land can be leased, typically on a 30 year lease, with the building itself owned separately.
Both routes are ordinary and widely used in Pattaya, but both have real consequences for tax, resale and inheritance. Take independent legal advice before committing.
The transfer fee at the Land Office is 2 percent of the appraised value. In Pattaya it is very commonly split evenly between buyer and seller, and several listings on this site say exactly that. Other taxes may apply depending on how long the seller has owned the property.
For a foreign quota condo, the purchase money must be brought into Thailand from abroad in foreign currency, and the bank issues paperwork confirming it. Without that paperwork the Land Office will not register a foreign quota purchase.
Yes. A foreigner can hold a Pattaya condominium in their own name, as long as the unit sits within the building's 49 percent foreign quota.
Not the land it stands on. Foreigners cannot own land in Thailand. A house or pool villa is normally held through a Thai company or on a long lease of the land, usually 30 years.
Foreign quota units can be owned by a foreign national in their own name. Thai quota units can only be owned by a Thai national or a Thai company. By law no more than 49 percent of a building's saleable floor area can be foreign quota.
Condos currently listed by JR Plus Property run from about THB 1,150,000 for a studio or one bedroom up to THB 3,500,000, with a middle figure around THB 1,250,000.
The main one is the Land Office transfer fee of 2 percent of appraised value, which in Pattaya is usually shared equally between buyer and seller.
We list 15 properties right now, to buy and to rent. Call 093-992-4536 or tell us what you need.
