Transcript of the above video: 

As the title of this video suggests, we are discussing foreign quotas for condos here in Thailand. For those who are unaware, so first off condos represent an exception to the overriding rule that foreign nationals cannot own real estate, especially land, here in the Kingdom of Thailand but it is possible for a foreign national to own a condo. They can own a condo in what some refer to as Freehold Title, what we call the American Common Law vernacular, Fee Simple Absolute or Chanote title in the Thai parlance, so that is Freehold Title, that is the highest level of title to real estate you can have here in Thailand is Chanote Title. So the thing to take away from this video and understand is this is an exception to the rule against foreigners owning property here to begin with, so there are some stipulations to it, one of those being that the condominium - the complex itself - cannot be any more than 49% owned by foreigners; it has to be 51% owned by Thais. 

I thought of making this video after reading a recent article from the Bangkok Post, bangkokpost.com, the article is titled: PM allays foreign quota fears. Quoting directly: "Prime Minister Srettha Thavisin on Sunday defended the proposal to raise the proportion of foreign ownership allowed in condominiums from 49% to 75%. However, to ensure Thai condominium owners can continue to exercise control over the property's management, the proposed changes to foreign ownership quota won't be followed by an increase in voting rights, said Mr. Srettha. The proportion of voting rights held by foreign nationals to those held by their Thai counterparts will remain unchanged at 49% to 51% according to the PM." Yeah that is rather interesting. So that has always been the issue with regard to these condos is they did not want them to become under the control or fall under the control of foreign nationals. So one way to deal with that is yeah you can have ownership rights to the actual unit, but you're in a condo which you may not have quite, your voting rights effectively, may be diluted when it comes to issues of the management of the complex. 

So again, I would say overall this is kind of a mixed change. I think that there are circumstances where this will be highly beneficial especially in those condo complexes that are highly in demand. I'm thinking primarily places that are connected directly on to the BTS or very close to the underground, mass transit here in Thailand. Again it's all going to be sort of circumstantially dependent and the other thing to keep in mind, this is not a foregone conclusion. They are just talking about this. It remains to be seen if any changes will actually be implemented. That being said, we will certainly keep you updated on this channel as the situation involves.