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Reference

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Primary source

Foreign condo ownership quota

49%

As ofRegulatory (current)·Sources2·Primary

Thai Condominium Act caps foreign ownership of a building's saleable area at 49% — binding constraint on luxury, tourist condo projects.

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Figure in context

Thai Condominium Act caps foreign ownership of a building's saleable area at 49% — binding constraint on luxury, tourist condo projects.

Thai Condominium Act caps foreign ownership of a building's saleable area at 49% — binding constraint on luxury, tourist condo projects.

Time scope

Regulatory (current)

Source basis

Primary source

Interpretation notes

What this tells you

Thai Condominium Act caps foreign ownership of a building's saleable area at 49% — binding constraint on luxury, tourist condo projects.

What not to do with it

Recent proposals to raise the cap to 75% have not been enacted.

Related figures

Adjacent numbers that add context without drowning the value.

FY2024
~70K units/year

Bangkok condo units launched

REIC, AREA, Colliers, JLL, CBRE

FY2024
~5.5M sqm

Bangkok grade-A office stock

Colliers, JLL, CBRE, Knight Frank

FY2024
~THB 300B

Thai REIT, property fund market cap

SET, REIC, sector 56-1 filings

FY2024
~THB 250B

Top-5 listed developer revenue

56-1 filings, SIRI, PS, LH, SPALI)

2020-2024
~THB 1.04T (2024)

Thailand nationwide residential transfer value (2020-2024)

Real Estate Information Centre, Government Housing Bank, BOT

2021-2024
~38-42% (2024)

Bangkok condominium absorption rate (2021-2024)

REIC condominium market reports, Knight Frank Thailand, Colliers, CBRE

Report context

Thailand Real Estate & Property Development Market Intelligence

Thailand's residential, commercial real-estate system cleared roughly THB 940B in land, property transfer value in FY2024 per REIC, Department of Lands data. Central Pattana (CPN) anchors commercial real estate with ~40 malls and mixed-use projects. AP, Sansiri, Supalai, Pruksa, and Land and Houses compete across the residential tier. BOT's LTV framework, household debt at 88–91% of GDP are the binding demand constraints; the 49% foreign-ownership cap on condominium floor area defines luxury-segment economics.

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Atlas actors in this figure's reports

Profiles covered in the report that cite this number.

AP Thailand

Top-3 listed residential developer; detached, townhouse, Mitsubishi Estate condo JV; FY2024 revenue ~THB 38B; mid-premium segment leader.

Central Pattana

Thailand's largest commercial-real-estate developer; ~40 malls, mixed-use, Dusit Central Park JV; FY2024 revenue ~THB 48B; Central Group listed vehicle.

Land and Houses

Thailand's oldest listed developer (SET 1989); detached-house franchise leader; FY2024 revenue ~THB 27B; Quality Houses sister company.

Origin Property

Mid-premium condo, hospitality hybrid; One Origin portfolio, Origin Hospitality chain; FY2024 revenue ~THB 18B; One Origin Industrial diversification.

Pruksa Holding

Mass-market, affordable housing specialist; precast-concrete integration; FY2024 revenue ~THB 27B; Vimut Hospital healthcare JV.

Sansiri

Thailand's luxury, premium condo leader; BTS Group transit-oriented JV; FY2024 revenue ~THB 36B; foreign-buyer-demand beta.

Foreign condo ownership quota · Insight