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Will Thailand’s Nominee Crackdown End the Foreign Housing Market?​


Last updated: August 23, 2026 9:22 am


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BANGKOK – Thailand’s tougher action against nominee companies won’t end foreign demand for homes, villas, or condos. However, the market is changing as authorities target hidden foreign control of land, rather than treating every foreign-owned property as illegal.

The legal distinction matters. Foreigners can still own a condominium in their own name, provided the project stays within Thailand’s 49% foreign ownership quota, while nominee structures use Thai shareholders as proxies to control land, villas, or land-owning companies. The rules for foreign condo ownership are different from arrangements designed to bypass Thailand’s restrictions on foreign land ownership.


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