Question 1

Can foreigners own a condo in Phuket freehold?

Accepted Answer

Yes. Under Thai condominium law, foreigners can own condo units freehold (chanote title) provided foreign ownership does not exceed 49% of the total saleable area in the building. This is the simplest and most secure form of property ownership available to foreigners in Thailand. The purchase process is straightforward: funds must be transferred from overseas in foreign currency, with a Foreign Exchange Transaction Form (FETF) issued by the receiving Thai bank as proof. MechThai verifies foreign quota availability before you commit to any purchase.

Question 2

What rental yields can I expect from a Phuket condo?

Accepted Answer

Rental yields for Phuket condos typically range from 5% to 10% net annually, depending on location, management quality, and unit type. Condos in high-tourism zones like Kata, Karon, and Patong achieve 7-10% through short-term rental programs. Bang Tao and Surin condos yield 6-8% with a mix of holiday and medium-term rentals. Many developers offer guaranteed rental return programs of 6-8% for the first 3-5 years. Studio and one-bedroom units generally achieve the highest yield percentages, while larger units offer stronger capital appreciation.

Question 3

What are the ongoing costs of owning a condo in Phuket?

Accepted Answer

Common area maintenance (CAM) fees range from ฿40-80 per sqm per month, covering pools, gyms, security, and building maintenance. A sinking fund contribution is typically paid once at purchase (฿500-1,000 per sqm). Annual property tax is minimal for residential properties under Thai law. If using a rental management company, expect fees of 20-30% of gross rental income, covering marketing, guest management, cleaning, and maintenance. Utility costs for an unoccupied unit are minimal. Total annual holding costs for a ฿5M condo are approximately ฿50,000-80,000 excluding rental management.

Condominiums in Phuket
freehold ownership for foreigners

Hvordan vi hjelper

Freehold Verification

Yield Analysis

Developer Due Diligence

Rental Program Setup

Klar for neste steg?

Condominiums in Phuketfreehold ownership for foreigners