Can I own a Condominium in Thailand?

Buying a condominium in Thailand is perhaps the simplest and easiest option
available to foreigners. The only restrictions on purchasing a condominium in
Thailand, are that the percentage of units sold to foreigners cannot exceed
forty nine percent (49%) of the total number of units in the condominium
block; and that the funds used to buy the condominium have been remitted
from abroad and correctly recorded as such by a Thai Bank on a "Foreign
Exchange Transaction Form".

A Foreign Exchange Transaction Form:

This is an official bank document issued by the receiving bank upon the
receipt of foreign currency into your bank account in Thailand. You must
request a Foreign Exchange Transaction Form from your bank when you are
remitting funds to Thailand for the purpose of purchasing a condominium in
Thailand, and the Foreign Exchange Transaction Form must specify that the
remittance is solely for the purpose of purchasing a property in Thailand -
Code 5.22.

Purchases of Condominiums in Thailand by foreign individuals come under the
jurisdiction of the Condominium Act B.E. 2535 (1992).

The owner of each Condominium in Thailand 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.