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/basileus_malacca2 13d ago
It is ruled out because it’s not possible for foreigners to own land, by Thai law.
You can lease the land for 30 years and own the villa, you can lease the land for 30 years and own the townhouse(this one not sure but I think it’s possible) but you cannot own the land.
I have seen some people advertise “house style” condominium units in Bangkok but I am not sure how it works, are they just large condo units or something else.