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Owning
and leasing land and houses in Thailand

Can I own property in Phuket ??

FOREIGN NATIONALS MAY OWN

  • A unit in a registered Condominium
  • A building (as distinct from it's land)
  • A 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.

FOREIGN NATIONALS MAY NOT OWN

  • Freehold Land
  • More than 49% of the shares in a Thai company that owns freehold land

How is it measured ??

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 (approx.)
1 Hectare = 6.25 Rai (approx.)

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

What will it cost me ??

Labour and local building material costs are low, but imported materials and prime beach land cost more than many would expect. Proximity to the beach is the single biggest determinant of land cost. Beach front land can cost up to fifty times that of land plots in the centre of the island.

Bangkok : 179/59 Watcharapol Rd., Bangkane, Bangkok Phuket : Soi Bannachai, chawpha Nok, Chalong, Phuket
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