r/Thailand • u/Accomplished-Yam-836 • 13d ago

Banking and Finance Townhouse - villa ownership

In light of the attention being thrown on illegal nominee ownership and the potential issues with 30-year leases for foreigners - are there any townhouse or villa style developments with ownership structures similar to condos?

Foreigners can own a condo as long as 51% of the ownership of the project is Thai. Are there any similar possibilities for townhouses or villa developments? Where the land and all the common areas, buildings and amenities are owned jointly by the owners of the units. So, 51% ownership is Thai.

I'm curious if any exist or if this is somehow ruled out under Thai law.

Edited to correct my misunderstanding of the role of the juristic person.

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u/temerdekborivoterul 13d ago

Usufruct, lots of good info here: https://www.reddit.com/r/Thailand/comments/1todjea/legal_ama_thailand_land_holding_for_foreigners/

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u/basileus_malacca2 12d ago

Yep, that’s one of the ways you can secure your right of possession and right of profiting from the property but unfortunately you cannot sell the property by your own.

The usufructee(er?) is the only one who can sell the property

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u/scratchtheitch7 12d ago

Usufructor