Date of article: Q3 2019 Condotels are hardly new in Thailand. These properties are popular for investors in the country’s tourist destinations. Phuket, Pattaya, and Samui all have their fair share of condotels. But one developer is now bringing them to the Thai capital. Siamese Asset revealed that it is going to build residential developments with a hotel business license in Bangkok as it looks...
On May 1st, 2018 Thailand announced the new regulation regarding rental issues, which is not favorable to landlords who own 5 properties or more (house, apartment or condominium). On the contrary, this is good news to tenants, with the most significant change being that landlords can now only request a maximum of 1 months rent in advance. Additionally, now the property owner does not have the right to...
Rights & Obligation 1. Condominium Foreigners can own the condominium according to Thai law, but not more than 49% of the project area in each project. So, each project will have an allocation for foreigners called “foreign quota”. There are 2 types of the condominium ownership which are 1.1 Freehold - The seller can transfer rights to the buyer allowing the...