Quote:
Originally Posted by fleaz
base on my understanding
condo ownership for foreigner only limited to certain area and development, not all condo (correct me if im wrong)
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Unless special project else all Condo can be bought by foreigners and rules apply, 51% local and 49% foreign. Ie more Thai owners.
Quote:
Originally Posted by fleaz
land/house ownership for foreigner not possible,
option 1 - buy under wife name. (and pray hard she dun sell n run away  )
option 2 (know a few retired farang doing this) - buy under trust able thai friend name and get lawyer to make a legal 99 year rental lease agreement, terms should protect foreigner |
Let me assure u, u will trust your pet dog more than Thai friends.
I find it stupidity at the highest to think of ways or loopholes to own a piece of land and property.... Dun trust those who merely go Thailand for few days and keep telling u property in Thailand can make money or an investment. If free when in BKK, go visit condos at night and see how many units are pitch black = no tenant. Land price will increase but not the house or unit.
The max lease period is 30 yrs. Why will u pay for the land and house then lease it from your Thai friend? What if your "trusted" friend decides he is in deep shit, needs money n sells your property? What if after 30 yrs, your friend decides not to renew or he passed away, his family decides not renew n sell the land?? What if u dun live beyond 30 lease? Aren't this better to rent??
Anyway, it is others money and decision. Go ahead n buy a landed property if u have money to dump.