Condominiums can be owned by foreigners in their own names provided the total foreign held ownership in the condominium project does not exceed 49% (some areas and projects 100%). In this case the foreigner has to remit the funds (in foreign currency) to purchase the condominium to a bank in Thailand and obtain the relevant form (in the name that is to be registered on the condominium title deed) from the said bank with the remark 'to purchase a condominium'.

Please note the significance of the Announcement of the Contract Committee Regarding the Control of Condominium Contracts (2000).

The Condominium Act (No. 4) 2008 came into effect on 4 July 2008 and amends the Condominium Act 1979.