Leasehold vs Freehold Condos in Bangkok: Pros and Cons
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Updated October 2026.
When buying a condo in Bangkok you will see units sold as freehold or leasehold. The difference affects price, resale and what you can pass on to your heirs.
Freehold
You own the unit outright, with a share of the land and common property. Foreigners can own freehold condo units in their own name, as long as foreign ownership in the building stays within the 49% quota of total floor area and funds are brought into Thailand from abroad in foreign currency.
Pros: permanent ownership, easier resale, can be inherited or sold freely, accepted by more banks.
Cons: higher price, and the foreign quota may already be full in popular buildings.
Leasehold
You buy the right to use the unit for a fixed term, typically up to 30 years and registered at the Land Office. Leasehold buildings are often on land owned by institutions such as the Crown Property Bureau, in prime central locations.
Pros: lower entry price, access to prime locations, no foreign quota limit.
Cons: value declines as the lease runs down, renewal options are not always guaranteed, harder to resell and finance.
Which is right for you?
Freehold generally suits long-term owners and investors who want capital growth. Leasehold can work if you plan to live in the unit for a fixed period and want a central location at a lower price. Always have a lawyer check the lease terms and any renewal clauses.
This guide is general information, not legal advice. Our agents can introduce you to independent property lawyers. Read our guide to buying property in Bangkok.
Need help? Home Finder Bangkok's English-speaking agents have helped expats and investors buy and rent in Bangkok for more than 10 years. Contact us and we'll shortlist options that fit your budget.
