land is titled under Thai law as Nor Sor Saam Kor and is
owned by Clipperton Co., Limited, a Thai registered company.
There are two components to the question of ownership:
land and house.
Land: As foreign nationals cannot own freehold land under current
Thai law, land will be leased for terms of 30 years, plus two additional
prepaid extensions of 30 years each, for a total of 90
years. The initial lease is registered with the Lands Department
noted on the land title deeds, thereby protecting you under
the laws of the Kingdom of Thailand.
A foreign national may own buildings
or property developed on land leased by him. Therefore
you can own your own home.