Is apartment ownership possible in Thailand?
Traditionally, ownership of an Apartment in Thailand has been all but impossible. Why? Predominately because the Building Permit was issued for the entire building, not for each/every apartment within the building. As a result, those interested in purchasing an Apartment had to engage via a complicated contractual structure in order to cover all implications, like; a) a Sale & Purchase Agreement, b) a Shareholder’s Agreement, c) a Co-ownership Agreement and d) a Homeowners Association Agreement.