## Condominium Ownership Laws for Expats in Bangsaen Bangsaen has emerged as a premier seaside destination for expats, digital nomads, and retirees seeking a tranquil coastal lifestyle within easy reach of Bangkok. Under the **Thailand Condominium Act**, foreigners can legally purchase and own freehold condominium units in their own name. ### Key Regulations 1. **Foreign Quota Limit**: The total space owned by foreigners in any condominium project must not exceed **49%** of the total floor area. 2. **Foreign Exchange Transaction (FET) Form**: To purchase a condo, the funds must be transferred into Thailand in foreign currency and converted locally. Your Thai bank will issue an FET form, which is required by the Land Office. 3. **Transfer Tax & Fees**: Typically around **2-3%** of the assessed value of the property, shared between the buyer and the seller.