Before proceeding, it would be best to obtain advice from a reputable real estate agent or from a lawyer. This will save you time and avoid frustration. Yes, foreigners are called Aliens. This publication has been compiled by Sansiri Public Company Limited and is available for Baht 450 in most bookshops. If you cannot find it, call Sansiri PCL, Legal Department, at 201-3812 and ask how you can get a copy of it.
Foreigners can own condominiums but more about that later.
In May 2001 ,however, the Amendment Land Code Act came into force and does make an exception. Aliens wishing to acquire land in Thailand must bring foreign currency into Thailand for certain types of investments in an amount to be specified in ministerial regulations which shall in no event be less than 40 million Baht and obtain permission from the Minister of Interior. The ministerial regulations have not been issued as of January 2000.