Transcript of the above video: 

As the title of this video suggests, we are discussing condominiums in Thailand. For those who are unaware, foreign nationals are restricted from owning property, i.e. real estate in Thailand; foreigners cannot own land. That being said, there is an exemption pursuant to the Thai Condominium Act which does allow foreigners to gain freehold title to condos under certain circumstances.

As we have discussed in other videos, there is a quota associated with foreign ownership of condos. There are also various banking requirements associated with a foreigner buying a condo in Thailand because, and the banking requirements, what I'm trying to say here is, are associated with the perfection of transfer of Freehold Title, or what we would call Fee Simple Absolute Title in an American Common Law context or Chanote Title in a Thai context. It is basically, there are a lot of specific type of banking, basically hoops that have to be jumped through in order to secure and perfect title to a foreigner’s name to a condo in Thailand.

This actually can be more onerous than even dealing with the conveyancing itself, than even going down the Land Office, because sometimes you have got to wire the money in from abroad, there are various requirements associated with it - there is various documentation associated with it. On top of that generally speaking, you then have to go ahead and get a cashier's check issued for the purchase amount to take to the closing at the time of the condo conveyancing. 

So there are a number of banking things that come up in the context of purchasing or selling a condo here in the Kingdom of Thailand.