I've been visiting Koh Phangan for years and I'm seriously

[Jonh Newman]

Hey folks! I've been visiting Koh Phangan for years and I'm seriously thinking about buying property there. I know foreigners can't own land in Thailand, but what about apartments/condos? Is it possible to actually purchase something? Any developments worth looking at?

[hydrogenn]

Hey! Yes, foreigners CAN legally own condos/apartments in Thailand — it's the land ownership that's restricted. The rule is that foreigners can own up to 49% of the total units in any condominium development. So buying an apartment is totally doable and it's the most straightforward way for foreigners to own property in Thailand. Koh Phangan has seen several new condo developments in recent years catering exactly to this market — foreigners who love the island and want a permanent base. When buying, make sure the development has proper condominium registration (some are sold as 'condos' but are actually leasehold — big difference). Look for Chanote title, proper Foreign Freehold quota availability. There are some nice new developments worth checking out. Om Residence has apartments for sale Koh Phangan — follow them on Instagram to see what's available. Modern builds with pools, designed for the international buyer market. Get a good lawyer before purchasing — standard advice for any property purchase in Thailand. The market has been growing steadily, especially post-COVID with more people wanting island lifestyle options.