Sale of Condominiums in Thailand: Key Insights for Foreign Buyers
This legal certainty is one of the main reasons why condominiums continue to attract strong demand from foreign investors and end-users alike. Recent data from Thailand’s Real Estate Information Center (REIC) clearly reflects this ongoing trend.
Foreign Condominium Ownership Trends in Thailand (REIC Data)
According to REIC research, foreign ownership transfers of condominiums in Thailand between January and September 2023 reached:
- 10,703 units, with a total value of
- THB 52,259 million
This represents an increase of 37.6% in units and 31.6% in value compared to the same period in the previous year—confirming a strong rebound and sustained foreign confidence in the Thai condominium market.
Ranking of Condominium Sales to Foreigners in Thailand
By Location
Foreign ownership transfers are concentrated in key investment destinations:
- Chonburi Province: 41.7%
- Bangkok: 37.5%
Together, Chonburi and Bangkok account for 79.2% of total foreign condominium transfers in both volume and value.
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Phuket ranks third with 6.4%, replacing Samut Prakan from the previous year—highlighting Phuket’s continued appeal to foreign buyers.
By Nationality of Buyer
The top nationalities purchasing condominiums in Thailand are:
- China – 4,991 units (46.6%)
- Russia – 962 units (9.0%)
- United States – 422 units (3.9%)
- Taiwan – 378 units (3.5%)
- France – 372 units (3.5%)
By Sales Value
In terms of transaction value:
- Chinese buyers lead with THB 24,740 million (47.3%)
- Russian buyers follow with THB 3,436 million (6.6%)
- Myanmar buyers rank third with THB 2,250 million (4.3%)
- American buyers at THB 2,102 million (4.0%)
- Taiwanese buyers at THB 1,841 million (3.5%)
By Condominium Price Range
The most popular condominium price ranges among foreigners (2018–September 2023) are:
- Up to THB 3 million: 44.3% (1,490 units)
- THB 3.01–5 million: 25.1% (843 units)
- THB 5.01–7.5 million: 15.1% (507 units)
- THB 7.51–10 million: 5.3% (179 units)
- Above THB 10 million: 10.3% (346 units)
Buyers from Myanmar recorded the highest average unit price at THB 6.5 million per unit.
By Size of Condominium Units
The most popular unit sizes among foreign buyers are:
- 31–60 sq.m. (1–2 bedrooms): 53.9% (1,814 units)
- Up to 30 sq.m. (studio / 1 bedroom): 28.9% (972 units)
- 61–100 sq.m. (2–3 bedrooms): 11.6% (392 units)
- Over 100 sq.m. (3+ bedrooms): 5.6% (187 units)
Since 2018, units no larger than 60 sq.m. have consistently been the most popular.
Buyers from the UK recorded the largest average unit size at 56.7 sq.m.
Why Condominiums Are the Preferred Choice for Foreign Buyers
From a legal perspective, freehold condominium ownership provides:
- Direct ownership registered at the Land Department
- Clear transfer procedures
- Strong resale and inheritance protection
These advantages explain why condominiums continue to outperform other real estate options for foreign buyers in Thailand.
Conclusion: Condominium Investment and Legal Basics in Thailand
Based on REIC data, the sale of condominiums in Thailand to foreigners continues to grow strongly, both in volume and value. With 10,703 units worth THB 52,259 million transferred between January and September 2023, condominiums remain the most practical and legally secure property investment for foreigners.
However, while condominium ownership is permitted, buyers must still understand the legal basics when buying a condominium in Thailand, including foreign ownership quotas, fund transfer requirements, and registration procedures.
To ensure a secure transaction, we recommend reviewing our guide:
👉 “Legal Basic to Be Considered When Buying a Condominium in Phuket or Thailand”
If you are planning to purchase a condominium in Thailand, do not hesitate to contact us for legal due diligence and transaction support.
