Buying a condo in Phuket is one of the most attractive investment opportunities in Thailand. With its pristine beaches, world-class resorts, and growing economy, Phuket has become a dream destination for both lifestyle seekers and investors. However, many foreign buyers are unsure about property laws in Thailand and how foreign ownership of condos actually works.
This guide will walk you through how to buy a condo in Phuket step-by-step, explaining everything you need to know — from legal requirements to choosing the right property and completing the purchase safely.
Step 1: Understand Foreign Ownership Laws in Thailand
Before diving into listings, it’s crucial to understand the property laws in Phuket and how they apply to foreigners.
In Thailand, foreigners cannot directly own land, but they can legally own condominium units, provided that foreign ownership does not exceed 49% of the total floor area in the condominium building.
This means:
51% of the units must be owned by Thai nationals.
You can own your condo 100% freehold if it falls within the 49% foreign quota.
Ownership is protected under the Thai Condominium Act (1979).
If the 49% quota is full, foreign buyers can still purchase a leasehold condo, typically on a 30-year renewable lease.
Step 2: Choose the Right Location in Phuket
Phuket offers a variety of locations to suit different lifestyles and investment goals.
Popular Areas for Condo Investment:
Patong Beach: Vibrant nightlife and high rental demand.
Bang Tao & Laguna: Luxury developments and resort-style living.
Kata & Karon: Great for families and long-term residents.
Phuket Town: Cultural hub with local amenities and better value per square meter.
When choosing a location, consider:
Proximity to beaches and amenities
Potential for rental income
Infrastructure development and upcoming projects
Tip: If your goal is rental returns, focus on areas with high tourist footfall like Patong or Bang Tao.
Step 3: Work with a Licensed Real Estate Agency
Working with a trusted Phuket real estate agency is essential. Local agents understand property laws in Phuket, foreign ownership rules, and can connect you with reputable lawyers and developers.
A good agent will:
Provide verified listings that qualify for foreign ownership
Assist with due diligence and title deed checks
Negotiate prices and contract terms
Guide you through the legal process
Look for agencies with a solid online presence, positive client reviews, and experience handling foreign buyer transactions.
Step 4: Conduct Legal Due Diligence
Once you’ve found a condo you like, it’s time for legal due diligence.
Hire an independent Thai property lawyer to ensure:
The seller has a clear title deed (Chanote)
The condo is within the foreign ownership quota
There are no unpaid taxes or liens on the property
The building has proper licensing and management
Your lawyer will also review the Sales & Purchase Agreement (SPA) to make sure your interests are protected.
Step 5: Transfer Funds Legally from Abroad
To qualify for foreign freehold ownership, funds for the purchase must be transferred into Thailand in foreign currency and converted to Thai Baht by a Thai bank.
The bank will issue a Foreign Exchange Transaction Form (FETF) — this document is required at the Land Office to register your name on the title deed.
Make sure the transfer memo clearly states the purpose:
“For the purchase of a condominium in Thailand by [your name].”
Step 6: Sign the Sales Agreement and Pay the Deposit
Once the due diligence is complete, you’ll sign the Sales & Purchase Agreement and pay a deposit (usually 10–15% of the total price).
The agreement should outline:
Total purchase price
Payment schedule
Completion date
Responsibilities of both buyer and seller
For off-plan condos, payments are often made in stages as construction progresses.
Step 7: Register Ownership at the Land Office
The final step in buying a condo in Phuket is registering the ownership at the Phuket Land Office.
Documents needed:
Passport (foreign buyer)
Foreign Exchange Transaction Form (FETF)
Sales & Purchase Agreement
Title deed (Chanote)
Company documents (if applicable)
Once registered, you’ll receive your Chanote title deed — proof of your ownership under Thai law.
Step 8: Understand Taxes and Fees
Buying a condo in Thailand involves several one-time and annual fees:
Transfer Fee: 2% of the appraised value (usually shared 50/50)
Stamp Duty or Specific Business Tax: Depending on ownership duration
Withholding Tax: Based on seller’s income status
Common Area Fees: Paid yearly for building maintenance
Your agent or lawyer can calculate the exact costs for your property.
Step 9: Optional – Leasehold Ownership Structure
If the condo you want exceeds the 49% foreign quota, you can still buy it as a leasehold.
Under this structure:
You lease the unit for 30 years, with potential renewal options.
The lease is registered at the Land Office.
You still enjoy full possession and use of the property.
While not as strong as freehold, leasehold condos are still a safe and popular option for many foreign investors in Phuket.
Step 10: Manage or Rent Out Your Condo
After the purchase, you can either:
Live in your condo full-time,
Use it as a holiday home, or
Rent it out for passive income.
Many developments offer rental management programs, especially in tourist-heavy areas. Phuket’s rental market remains strong, with yields ranging from 5–8% annually for well-located condos.
Final Thoughts: Invest Confidently in Phuket Property
Buying a condo in Phuket as a foreigner is 100% legal and straightforward — as long as you follow the right steps and work with professionals who understand property laws in Thailand.
Whether you’re seeking a luxury sea-view condo, a profitable rental investment, or a retirement home, Phuket offers something for everyone.
If you’re ready to buy a condo in Phuket, contact our team today — we’ll help you find the perfect property and handle every step of the process smoothly.
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