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The foreign quota in a Thai condo building, and why the same flat has two prices
I run small events on Koh Samui and I have been here six years. I bought a condo last year and I want to explain one mechanic that confused me for months, because I have now heard three other people be confused by exactly the same thing.
In a Thai condominium building, only 49 percent of the total floor area can be owned by foreigners. That share is called the foreign quota. The rest is Thai quota.
What that means in practice: two identical units, same floor, same view, can carry different prices. The one inside the foreign quota costs more, because a foreign buyer can hold it in their own name. The one in Thai quota is cheaper and requires a different structure, usually a company or a long lease, which is a different set of costs and a different set of risks.
Things I did not know to…

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