What is a condominium and why is it the best option for an investor?

In Thailand, a condominium is a form of real estate ownership that allows foreign investors to own homes outright within the legal limits. This distinguishes Thailand from many other countries where foreigners are often prohibited from owning land or real estate outright. Condominiums in Thailand can be high-rise apartment complexes located in the city center or condominiums in resort areas. They offer a wide range of amenities for their residents such as swimming pools, fitness centers, security and parking.

Features of condominiums in Thailand include:

1.Ownership for foreigners: Foreigners can own residential units in condominiums under full ownership. However, there is a restriction: in a single condominium complex, the total housing units owned by foreigners must not exceed 49%.

2.Management and Maintenance: The complex is managed through the establishment of an owners' association, which is responsible for the maintenance and repair of common areas and infrastructure, as well as for establishing and enforcing operating rules.

3.High Yield Potential: Condominiums in Thailand, especially in major tourist and business centers like Bangkok, Pattaya, Chiang Mai and Phuket, are in high demand in the rental market. This provides investors with a stable rental income as well as the potential for real estate value growth.

4.Amenities and Services: Such complexes offer high-end amenities such as fitness centers, swimming pools, landscaped terraces for relaxation, 24-hour security and video surveillance to ensure a high level of comfort and security.

5.Diversity of choice: The Thai market offers a wide range of condominiums, from budget options to exclusive luxury residential complexes. This allows investors to choose a property that suits their budget and investment goals.

Investing in condominiums in Thailand offers numerous benefits including affordability for foreign investors, high yield potential and quality living. Considering all these factors, buying a condominium in Thailand can prove to be a profitable and reliable investment.

Top 3 projects to invest in:

1. Bellevue Beachfront Condo is a condominium and apartment project located in Chong Tal, Phuket. The complex has a wide range of amenities such as swimming pool, landscaped gardens and a well-equipped fitness center.

Completion: Q4 2026

Starting Price: from $130,992

2. VEGA condominium is located in a convenient and quiet location, just 10 minutes drive from the picturesque beaches of Layan and Bangtao. The apartments have modern studio and 1 bedroom layouts, as well as living and dining areas, kitchenettes and private balconies. Amenities: swimming pools, rooftop lounge bar, fitness and spa centers.

Completion: Q3 2026

Starting Price: from $97,698

3 The Base Bukit is a modern residential complex with condominiums and apartments in the heart of Phuket. Residents will enjoy picturesque gardens, fitness centers, swimming pools with Jacuzzis and outdoor terraces. There is an office block with a conference room and meeting room on site. The project includes a laundry and charging station for electric cars. 

Completion: Q4 2025

Starting price: from $70,627