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.

Riviera California - Central City property

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For Sale New Development

Riviera California

Pattaya, Thailand

3,570,000฿

Overview

Condo, Residential
Property Type

DEVCALIFORNIA
Property ID

Description

Riviera California is a premium high-rise condominium by Riviera Group, located in the heart of Pattaya. Combining modern elegance with resort-style amenities, it offers a luxurious lifestyle and excellent investment potential.

Project Overview

Feature	Details
Location	Thappraya Road, Pattaya – prime area with access to shopping, restaurants, and Walking Street
Developer	Riviera Group – award-winning luxury developer
Building	Single 33-story tower
Total Units	122 luxury residences
Unit Types	1-bedroom, 2-bedroom, 3-bedroom units, including penthouses
Ownership	Foreign quota available
Completion	February 2029
Price Range	Starting from ฿3,570,000

Unit Features

Feature	Details
Furnishing	Fully furnished with modern, high-quality finishes
Layout	Designed to maximize space and natural light
Views	City and sea views from many units
Appliances	Modern kitchen appliances included
Comfort	Air-conditioning, storage space, premium flooring

Amenities & Lifestyle

Facility	Details
Infinity Pool	32nd-floor rooftop pool with panoramic Pattaya Bay views
Wellness & Spa	Onsen (male & female), jacuzzi, sauna, steam room, massage & beauty rooms
Fitness	24-hour gym with cardio and weight equipment
Sports & Recreation	Squash court, golf simulator room
Family & Leisure	Kids’ club, zen garden, small dog zone
Convenience	24-hour concierge, CCTV security, free shuttle service, EV charging points
Connectivity	Wi-Fi in all public areas, high-speed lifts