Can foreigners own property in Thailand?

Foreigners can own freehold condominium units (up to 49% of a building’s total units) but cannot directly own land. Alternatives include long-term leases (up to 30 years, renewable) or owning land via a Thai limited company with Thai majority shareholders.

What are the restrictions on foreign land ownership in Thailand?

Thai law prohibits foreigners from owning land under the Land Code Act. Options include leasing land for up to 30 years or setting up a Thai limited company (51% Thai-owned) to hold the land title.

How can foreigners buy a condo in Thailand?

Foreigners can buy freehold condos if the foreign ownership in the building is below 49%. Funds must be transferred from abroad, documented with a Foreign Exchange Transaction Form (FET). A lawyer is recommended for due diligence and title transfer.

What are the costs and taxes when buying property in Thailand?

Costs include transfer fees (2% of appraised value), withholding tax (1% of appraised or sale value), specific business tax (3.3% if sold within 5 years), and stamp duty (0.5% if no SBT applies). Legal fees range from 20,000–30,000 THB. Condo buyers may also pay sinking fund fees.

Can foreigners get a mortgage to buy property in Thailand?

Thai banks offer limited mortgages to foreigners (40–70% of property value, up to 15 years, with high interest rates of 6–9%). Eligibility requires proof of income and residency. Some developers offer financing, or buyers use overseas loans.

What is the process for buying property in Thailand as a foreigner?

Steps include finding a property, hiring a lawyer and agent, conducting a title search, signing a purchase agreement, transferring funds with a FET, and finalizing ownership at the Land Office (30–60 days).

Is it safe to buy property in Thailand as a foreigner?

Buying is safe with proper due diligence—hire a reputable lawyer, verify the seller’s title, and use registered agents. Risks include unregistered agents or buying without legal checks.

Can foreigners rent out their property in Thailand?

Foreigners can legally rent out their property, subject to income tax on rental earnings (progressive rates based on income). Management companies can handle rentals, but owners must comply with TM.30 tenant reporting.

What are the visa implications of buying property in Thailand?

Buying property does not grant visa privileges. However, investing 10 million THB in real estate may qualify for the Thailand Elite Visa (5–20 years). Standard visas (e.g., retirement, business) require separate applications.

What are the risks of buying property in Thailand as a foreigner?

Risks include buying without due diligence, using unregistered agents, condo depreciation, neglected building maintenance, or legal issues with leaseholds or companies. A lawyer mitigates these risks.

Arom Wongamat - Central City property

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For Sale New Development

Arom Wongamat

Pattaya, Thailand

6,710,000฿
40,000,000฿

Overview

Condo, Residential
Property Type

DEVARMWONG
Property ID

Description

Welcome to Arom Wongamat, the newest super-luxury condominium rising on the last prime land of Wongamat Beach, Pattaya. Completed in 2024, this 55-story landmark redefines beachfront living with breathtaking panoramic sea views and world-class design.

With units for sale from ฿6.71M and rentals starting at ฿40,000, Arom Wongamat is more than a home—it’s an investment in lifestyle and value.

Why Arom Wongamat?

Direct beachfront location on Wongamat, Pattaya’s most exclusive coastline
Steps from Terminal 21, Central Marina, and the Sanctuary of Truth
Elegant residences with floor-to-ceiling windows and premium furnishings
All units face the sea—wake up to Pattaya’s best sunrise, every day

Lifestyle & Facilities

Life at Arom Wongamat feels like a five-star resort:

Infinity-edge pool with sea view
Jacuzzi, spa, steam & sauna
Fully-equipped gym & yoga space
Movie & game rooms
VR golf simulator
Kids’ playground & family lounge
24/7 concierge & security

Residences

1 Bedroom: 37.5–63 sq.m
2 Bedrooms: 81–87 sq.m
Penthouse: 201–210 sq.m

Designed with a blend of modern elegance and natural inspiration, every home at Arom Wongamat brings comfort, privacy, and sophistication.

✨ If you’re searching for the best luxury condo in Pattaya, Arom Wongamat offers the rarest combination of prime beachfront living and long-term investment potential.