Foreigners may own:
- A unit in a registered condominium
- A building (as distinct from it's land)
- Registered leasehold of up to 30 years for all types of titled land (and/or buildings). However with appropriate extension and purchase options a 30 year lease can become tantamount to freehold purchase.
Foreigners may not own:
- Freehold land
- More than 49% of the shares in a Thai company that owns freehold land
Measurements in Thailand
Land is measured in Rai, Ngan and Wah.
|1 Rai||= 4 Ngan (or 1600 Sq.m.)|
|1 Ngan||= 100 Wah (or 400 Sq.m.)|
|1 Wah||= 4 Sq.m.|
|1 Acre||= 2.5 Rai|
|1 Hectare||= 6.25 Rai|
Metric measures are usually used in the construction and measurement of buildings. Land prices are usually expressed in Baht per Rai or (for smaller plots) Baht per Wah.