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The land ownership is in a Thai Freehold in a Thai company. The ownership of each unit is established by shares in this company - each unit is allocated 5% of the company regardless of the size or value of the unit. The nine units represent 45% of the company whilst the developer holds 55%. There is no title attached to each unit and as such when ownership is transferred it is simply a share transfer and there are no transfer taxes.

I am interested in an apartment in a small development of 9 units - the sizes of these units vary from 90M2 to 220M2 The title for the ground is held in a Thai Freehold in a limited liability company and the shares are allocated on the following basis. 55 % for the developer / owner 5 % for each of the units regardless of size or contribution. giving a total of 45% I am wondering if anyone has experience or knowledge of this kind property holding structure and if so what the risks and rewards might be in this regard. The only advantage I can see for a purchaser is the saving on transfer fees and taxes. Any assistance would be much appreciated.