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.

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For Sale New Development

Riviera Beverly Hills

Pattaya, Thailand

2,555,000฿

Overview

Condo, Residential
Property Type

DEVBEVERLYHILLS
Property ID

Description

Riviera Beverly Hills – Luxury Condos in Jomtien, Pattaya

Riviera Beverly Hills is a premium resort-style condominium in Jomtien, Pattaya, designed for luxury living and smart investment. Developed by Riviera Group, this exclusive project offers modern residences with sea or pool views, world-class amenities, and freehold ownership.

Riviera Beverly Hills – Project Overview

Feature	Details
Location	Jomtien, Pattaya, Chonburi – quiet and private, yet close to the beach, restaurants, and shops
Developer	Riviera Group – award-winning developer in Eastern Seaboard luxury projects
Buildings	3 low-rise buildings
Stories	8
Total Units	445
Unit Types	Studio, 1 Bedroom, 2 Bedroom, 3 Bedroom (many with sea or pool views)
Ownership	Freehold
Parking	123 spaces
Construction	Nov 2025 – Jul 2028
Price Range	From ฿2,554,300 • Price per sq.m from ฿88,150

Units at Riviera Beverly Hills

Unit Type	Size / Details
Studio	Ideal for singles or couples
1 Bedroom	Compact yet comfortable, modern layout
2 Bedrooms	Perfect for small families or investors
3 Bedrooms	Spacious luxury with stunning views

Amenities & Lifestyle

Facility	Details
Swimming Pool	Infinity pool for adults + kids’ pool
Rooftop Garden & Lounge	Relaxing spaces with panoramic views
Gym & Yoga Area	Fully equipped fitness zones
Sauna, Steam Room & Onsen	Wellness and relaxation
Sports Facilities	Tennis, badminton, table tennis courts
Children’s Play Area	Safe and fun spaces for kids
EV Charging Points	Modern convenience for residents
Landscaped Gardens & Waterfalls	Resort-style outdoor areas
Onsite Restaurant & Meeting Rooms	Dining and business-friendly spaces