Can foreigners own a condo in Thailand?

A foreigner can acquire up to, but not exceeding, 49% of the total floor area of the combined condo units. Most foreigners purchase a condominium by showing evidence of an incoming remittance of foreign currency into their bank account from abroad as demonstrated by a valid Foreign Exchange Transfer Form (formerly a Thor Tor 3 form) from a Thai Bank.

Condos may also be leased to foreigners for periods of up to 30 years and may have options to renew. Leases of greater than 3 years are required to be registered with the Land Department.