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Preamble

After a successful vacation on Phuket, you may have fell in love with the Andaman's pearl and wish to own a part of this magnific island. That's possible !!! But before getting involved with any real estate purchase, it's important to acquaint yourself with the following information down below, that will save you from falling in some traps and will give you a more accurate idea of the laws and characteristics of Thailand.

Purchasing property

Normally, Thai laws limit the foreigner's rights to own real estate properties. For instance, a foreigner can buy a maximum of 1 rai (1600 sqm) of land if he invests 40 000 000 Baht in the country.

But, fortunately, either to buy a land, a house, a villa or an appartment, it is legally possible to take advantage of one the tree following possibilities to purchase property:

  1. Create a Thai company (« Company Limited »),
  2. Sign a 30 year lease contract with the possibility of renewing it.
  3. Buy in your own name in condominium.

Some allow you to purchase only some kind of property, others all kinds of property.

For more information , contact our Legal Service.

The Title Deeds

There are 5 different kinds of title deeds in Thailand: the Chanote, the Nor Sor 3 Gor, the Nor Sor 3, the Sor Kor Nung, the Por. Bor. Tor 6 .

And it is essential to get the right information about the title deed of the piece of land you intend to purchase.

For instance, the Chanote and the Nor Sor 3 Gor are the only ones that you should take into account if you are a careful buyer, because they are building land and open to foreigners or companies with foreigner shares.

All the lands and houses we offer you have a “Chanote”or “Nor sor Sam Gor” title deed and have been checked at the Land Office (measurements, entrance way, mortgage..)

The measurement units

In Thailand the area measurement units are the rai, ngan and the wah:

Equivalence table   Reverse equivalence table
1 rai 4 ngan 400 wah 1600sqm  1 acre 2.529 rai
 1 ngan100 wah 400sqm  1hectare6.25 rai
  1 wah 4sqm    

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