Hello, I am the moderator of the live chat for a real estate company in Pattaya, Thailand, so I receive a lot of inquiries and questions online about properties, businesses and land in Pattaya. One of the most popular questions is can I own a condo in Pattaya in my name? The lack of information on this topic in the countries of origin of these visitors is surprising, unless they are familiar with the Internet and know how to look for that information, believe it or not, not everyone is an Internet user.

My answer to the visitor on the live chat is yes you can own a condo in your name under these conditions, in all condominium buildings in Thailand 51% of the units must be owned by Thai citizens, that is the law in Thailand, the rest 49% can be owned by a foreigner, for example, 100 units in a building, so 51 must be Thai owned, foreigners can buy the remaining 49. never all sold since they are mostly foreigners who buy condominiums.

What happens now is that, especially with new projects, if you buy a condominium in a Thai name, tell your Thai wife or partner that you buy it at a reduced price since the developer or owner does not want the condominium to be empty, without to sell. Now is your decision: do I buy in my name or the name of my Thai partner and save maybe 20% of the purchase price?

There are many new off-plan developments in Pattaya and Jomtien being built now, some in the third or fourth phase as previous units have sold out. These are not just condominium buildings with pools, they are modern European designed resorts with all the facilities. Most of these projects offer low deposits and no interest for 2 to 5 years.

That is another topic that will be covered in another article soon. We welcome any comments, suggestions or questions. Thank you.