// The Research Library · 79 articles

All the research.
Four markets. One methodology.

Every article published on foreign property ownership across Thailand, Bali, Vietnam and the Philippines. The law, the fee stacks, the yield math, the due-diligence protocols. No brochures.

Thailand

29 articles
Aerial view of the Chiang Mai property market — the city analyzed in the 2026 market breakdown
Thailand May 17, 2026

Chiang Mai Property Market 2026: The Honest Map

Chiang Mai property market 2026 from 18 months of fieldwork and 1,000+ listings. Sub-district pricing, traps, what the brochures hide. Read first.

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Bangkok condominium towers — where the Thailand foreign freehold quota applies building by building
Thailand May 17, 2026

Thailand Foreign Freehold Explained: The 49% Quota in Practice

Thailand foreign freehold explained from the Condominium Act through closing. The 49% quota, exit math, and what kills it at the Land Office.

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Chiang Mai beneath Doi Suthep — the market mapped in the 1,000+ listing real estate dataset
Thailand May 17, 2026

Chiang Mai Real Estate Data

The Chiang Mai real estate data nobody publishes — listing scrape, comparable transactions, carrying-cost model. 18 months of audited fieldwork.

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Chiang Mai city streets — the market where the 8-step condo buying process closes
Thailand May 17, 2026

Chiang Mai Condo Buying Process: 8 Steps Done Right

The Chiang Mai condo buying process for foreigners, mapped step by step by someone who closed in 2026. 30-60 day timeline, every checkpoint.

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Bangkok business district — where the FET certificate moves foreign money into Thai property
Thailand May 17, 2026

Thailand FET Certificate Guide: The Document That Closes Your Deal

Thailand FET certificate guide for foreign condo buyers. The exact wire wording, the USD 50,000 threshold, and the bank workflow that closes.

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Chiang Mai at sunset — the same skyline reads differently to an investor and a tourist
Thailand May 17, 2026

Chiang Mai Property: Investor vs Tourist Mindset

Chiang Mai property investor vs tourist. The framework that separates a 2.15M THB close from a 3.4M THB trap. Pick a side before you buy.

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Chiang Mai from above — 1,000+ listings filtered down by the research methodology
Thailand May 17, 2026

Chiang Mai Property Research Methodology: The 5-Step Filter

The Chiang Mai property research methodology that filtered 1,000+ listings down to one close. 18 months of fieldwork, documented step by step.

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Bangkok streetscape — what a Thailand property buyers agent does and does not do
Thailand May 17, 2026

Thailand Property Buyers Agent: What You Actually Need

Most "buyers agents" in Thailand are paid by the seller. Here's what an actual buyer-side research operator looks like, and the math…

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Bangkok skyline at night — the Thailand property data the analytics framework is built on
Thailand May 17, 2026

Property Analytics Thailand: What the Data Actually Says

18 months, 1,000+ Chiang Mai listings, one spreadsheet. What property analytics in Thailand actually looks like when you build it from scratch.

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Thai condominium towers — the document checklist applies to every building on the skyline
Thailand May 17, 2026

Thailand Condo Due Diligence: The Full Foreign Buyer Checklist

Thailand condo due diligence for foreign buyers. 7 verification tracks, every document to demand, every red flag to walk on. No assumptions.

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The Thai property market from above — where the seven foreign-buyer mistakes repeat
Thailand May 17, 2026

Thailand Property Investment Mistakes: The Real List

The five Thailand property investment mistakes foreigners actually make, in the order they cost the most money. Written by someone who almost made…

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Chiang Mai condo buildings — the inventory the due-diligence protocol filters
Thailand May 17, 2026

Chiang Mai Condo Due Diligence

The Chiang Mai condo due diligence protocol I ran on 1,000+ units. Every check that has to pass before the Land Office transfer. Don't skip a…

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Chiang Mai cityscape — the condo market behind the rental yield dataset
Thailand May 17, 2026

Chiang Mai Rental Yield Data

The Chiang Mai rental yield data methodology that survives audit. How to calculate a real yield, what to deduct, why most published numbers are wrong.

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Chiang Mai condo towers — the buildings ranked by the five underwriting variables
Thailand May 17, 2026

Chiang Mai Condo Buildings Ranked: The Underwriter's View

Chiang Mai condo buildings ranked on what actually matters: juristic health, sinking fund, quota, exit. From 1,000+ listings, 18 months of fieldwork.

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Chiang Mai freehold condo buildings under the 49% foreign quota
Thailand May 17, 2026

Chiang Mai Freehold Condos: The Buyer's Reality

Chiang Mai freehold condos explained without the brochure spin. 49% quota, building checks, the fee stack I caught at 3.4M THB. From 1,000+ listings.

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The Nimman district of Chiang Mai — where the foreign buyer checklist was field-tested
Thailand May 17, 2026

Chiang Mai Foreign Buyer Checklist

The Chiang Mai foreign buyer checklist I ran before closing on my 82m² unit at 2.15M THB. Every step that survives the Land Office.

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Chiang Mai residential towers — where the sinking fund decides a building's future
Thailand May 17, 2026

Chiang Mai Sinking Fund Guide: The Hidden Risk

Chiang Mai sinking fund guide for foreign condo buyers. The reserve number that decides if your unit is a slow disaster. Pulled from 1,000+ listings.

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Chiang Mai at night — the condo market behind the investment math walkthrough
Thailand May 17, 2026

Chiang Mai Condo Investment Math

Don't buy a Chiang Mai condo like a tourist. The 5-step math framework I used to walk out of 3.4M THB and close on 2.15M THB. Open the math.

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Chiang Mai panorama — the market where the seven buyer mistakes get expensive
Thailand May 17, 2026

Chiang Mai Property Investment Mistakes: The 7 Killers

Chiang Mai property investment mistakes that drain foreign buyers. 7 specific traps from 18 months of fieldwork and 1,000+ listings. Read before…

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Bangkok at dusk — the capital side of the Chiang Mai vs Bangkok investment case
Thailand May 17, 2026

Chiang Mai vs Bangkok Investment: The Math, Not the Marketing

Chiang Mai vs Bangkok investment, compared by a Dutch quant who lives here. Price per sqm, tenant pool, holding cost, exit math. No brochures.

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Chiang Mai's skyline — the full property cost stack for foreign buyers, taxes included
Thailand May 17, 2026

Chiang Mai Property Tax for Foreigners: Full Cost Breakdown

Chiang Mai property tax for foreigners — every line item, with the numbers. Transfer fee, LBT, juristic, sinking fund. No surprises at closing.

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Downtown Chiang Mai — the market each custom property report underwrites
Thailand May 17, 2026

Chiang Mai Property Reports

I scraped 1,000+ Chiang Mai listings over 18 months. See exactly what a real Chiang Mai property report looks like — not a brochure. Sample inside.

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A Thai city skyline — the market independent property research covers without commission
Thailand May 17, 2026

Independent Property Research Thailand: Who's Behind It

Independent property research in Thailand is rare because it doesn't scale. Here's who I am, why I built the dataset, and what…

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Thai city buildings — two different jobs: researching the market and closing the sale
Thailand May 17, 2026

Property Research vs Real Estate Agent: The Real Split

A real estate agent closes a deal. Property research decides whether the deal should close. Two jobs, two commissions, one decision worth getting…

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The Bangkok metropolis — every Thailand property data source, ranked for reliability
Thailand May 17, 2026

Thailand Property Data Source: What's Real, What Isn't

A ranked review of the Thailand property data sources foreign buyers actually rely on — what each one gets right, where each one breaks.

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Bangkok skyline — the Thailand rental market behind the gross-to-net yield math
Thailand May 05, 2026

Thailand Rental Yield: Real Net Numbers, Not Listings

Listings advertise 6% gross. Thai net is bimodal: 1-3% on tourist towers, higher on filtered freehold. The math, the fee stack, one verified deed.

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Bangkok on the Chao Phraya — one half of the Chiang Mai vs Bangkok comparison
Thailand May 05, 2026

Chiang Mai vs Bangkok Real Estate Investment

Researching Chiang Mai vs Bangkok for real estate? Both are foreign-freehold-eligible under the 49% Foreign Quota. The yield gap is real, but it's a…

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Chiang Mai old city — where the real tourist tax is paid in unpriced cost layers
Thailand May 05, 2026

Thailand Tourist Tax & Property Buyer Taxes: The Cost Stack Most Brochures Skip

Researching Thailand's tourist tax or property-buyer taxes? The four cost layers a foreign buyer faces — transfer fee, business tax,…

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Thai high-rise towers — the same building prices differently on freehold and leasehold title
Thailand May 05, 2026

Thailand Freehold vs Leasehold: The Foreign-Ownership Math

Foreigners can own freehold condos in Thailand inside the 49% Foreign Quota. Outside the quota the structure is leasehold. Here is the math, the…

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Bali

22 articles
Bali rice fields — the full villa tax stack for foreign owners, PBB to PHR
Bali Jun 01, 2026

Bali Property Tax for Foreigners: BPHTB, PPN, PHR, PPh 26 — The Cost Stack Most Brochures Skip

The Indonesian property tax stack a foreign Bali villa buyer faces: BPHTB 5%, PPN 12%, PHR 10%, PPh 26 20% on non-resident rental, AJB notaris fees.…

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A Balinese temple gate — Indonesian law, not trust, decides what a nominee structure is worth
Bali May 27, 2026

The Bali Nominee Structure: The Riskiest Pathway (2026)

The Bali nominee structure is illegal under Article 26 of the Basic Agrarian Law. Why it fails, the failure modes, why agents still sell it, and the…

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The Bali landscape — the four legal pathways for foreign villa ownership in Indonesia
Bali May 27, 2026

Foreign Ownership in Bali: The Four Pathways (2026)

How foreigners can legally hold Bali villas in 2026. Hak Pakai, Hak Sewa leasehold, PT PMA. The Basic Agrarian Law framework, the decision matrix,…

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The Bali coastline — why 'freehold' and leasehold mean different things to a foreign buyer
Bali May 27, 2026

Freehold vs Leasehold in Bali: The Title Difference (2026)

Freehold vs leasehold in Bali in 2026. Hak Milik vs Hak Sewa vs Hak Pakai. Why foreigners cannot hold true freehold and what the workaround…

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Bali from above — the 2026 real estate market region by region
Bali May 27, 2026

The Bali Real Estate Market 2026: What the Numbers Actually Say

Bali real estate market 2026: the supply curve, foreign-buyer share, regional yield spreads, and the structural risks the marketing-driven narrative…

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Bali at sunset — the verification steps that make villa scams structurally impossible
Bali May 27, 2026

Bali Villa Scams: The Patterns That Repeat (2026)

Bali villa scams follow recurring patterns. Nominee fraud, title overlap, leasehold-no-extension, off-plan disappearance, conflicted notaris…

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Canggu beach, Bali — the villa investment case for the island's busiest surf town
Bali May 27, 2026

Canggu Villa Investment: The Yield, the Fees, the Saturation Math (2026)

Canggu villa as an investment in 2026. The yield curve, the ADR compression, the supply growth, the fee stack, and the saturation risk most foreign…

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Seminyak, Bali — villa economics in the island's premium beach strip
Bali May 27, 2026

Seminyak Villa Investment: What the Brochures Don't Underwrite (2026)

Seminyak villa as an investment in 2026. The yield reality, the mature-market ADR curve, the fee stack, and the ownership pathway — what the…

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Ubud's rice terraces — the villa investment case for Bali's wellness capital
Bali May 27, 2026

Ubud Villa Investment: Long-Stay Yield vs Lifestyle Premium (2026)

Ubud villa as an investment in 2026. Long-stay yield, retreat-season demand, off-season thinness, and the lifestyle premium most foreign buyers…

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The Uluwatu cliffs — villa economics on the Bukit's dramatic southern coast
Bali May 27, 2026

Uluwatu Villa Investment: The Cliff-Premium Filter (2026)

Uluwatu villa investment in 2026 — what the cliff premium really costs, the higher-ADR-lower-volume reality, the capital intensity, and the…

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The Bali landscape — the analytics framework behind every villa number on this site
Bali May 27, 2026

Property Analytics for Bali: Numbers, Not Brochures (2026)

Property analytics for Bali villa buyers. The underwriting framework, the data sources, the anti-agency stance, and why most foreign capital…

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Balinese villa architecture — the buying process from offer to notaris to certificate
Bali May 27, 2026

How to Buy a Villa in Bali: The Step-by-Step Process (2026)

The full Bali villa buying process for foreigners in 2026 — offer, title check, notaris, fee stack, ownership pathway, closing. Every step the…

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A Bali pool villa — the asset the leasehold guide prices against the 25-30 year clock
Bali May 27, 2026

Bali Leasehold Villa: The 25-30 Year Bet (2026)

Bali leasehold villa in 2026. Hak Sewa mechanics, term structure, renewal-clause architecture, decay math, and the failure modes most buyers don't…

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Ubud, Bali — the market where the 5-step villa due-diligence framework applies
Bali May 27, 2026

Bali Villa Due Diligence: The Pre-Purchase Checklist Foreign Buyers Skip (2026)

The 5-step Bali villa due diligence checklist most foreign buyers skip. Title verification, off-plan red flags, nominee detection, notaris vs PPAT,…

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Denpasar, Bali — when a PT PMA company structure fits a foreign villa portfolio
Bali May 27, 2026

PT PMA in Bali: The Foreign-Investment Company Pathway (2026)

PT PMA in Bali — the foreign-owned company structure for holding villas via HGB. Setup costs, capital floor, annual reporting, when the math…

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Bali's interior — how the villa research methodology samples operating data
Bali May 27, 2026

The Bali Property Research Methodology: How the Numbers Get Built (2026)

How Bali villa research actually gets built — listing scrapes, BPN title pulls, booking-platform occupancy data, operator interviews, reconciliation.…

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A Bali villa garden — staff, banjar, PBB, OTAs: the fee stack between gross and net
Bali May 27, 2026

The Bali Villa Fee Stack: Every Cost Line in 2026

Every Bali villa fee — closing, annual, operating. BPHTB, notaris, BPN, PBB, banjar, staffing, platform fees. The cost stack the brochure leaves out.

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A Bali village — what off-plan villa marketing leaves out of the renderings
Bali May 27, 2026

Off-Plan Villas in Bali: The Risk Map (2026)

Off-plan Bali villa risk in 2026 — developer bankruptcy, title-not-yet-issued, escrow gaps, staged-payment exposure. The underwriting filter.

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The Bali coast — independent research and agent advice are paid by different sides
Bali May 27, 2026

Bali Villa Research vs Real Estate Agent: The Structural Difference (2026)

Why independent Bali villa research produces different recommendations than a commission-paid agent. Structural incentive analysis and the cleaner…

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Bali rice terraces — the island market behind the villa rental yield math
Bali May 26, 2026

Bali Villa Rental Yield: The Real Net Numbers After Fees in 2026

Bali villa rental yield, region by region, net of the full fee stack. Gross vs net. The staffing line. The booking-platform fee. The currency drag.…

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Tanah Lot, Bali — Hak Pakai is the registered right-to-use title for foreign holders
Bali May 26, 2026

Hak Pakai vs Leasehold vs PT PMA: How Foreigners Own Bali Villas (2026)

The four ways a foreigner can hold a Bali villa: Hak Pakai, Leasehold, PT PMA, and the nominee structure that is still illegal in 2026. The legal…

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A Bali villa — what a foreign buyer can and cannot legally own in Indonesia
Bali May 26, 2026

Buying a Villa in Bali as a Foreigner: The 2026 Reality Check

Buying a villa in Bali as a foreigner in 2026. The legal pathways, the fee stack, the yield reality, the pitfalls the brochure won't mention, and why…

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Vietnam

15 articles
The Ho Chi Minh City skyline — what a foreign buyer can own under Vietnam's 30% cap
Vietnam Jun 08, 2026

Buying Property in Vietnam as a Foreigner: The Reality (2026)

Buying property in Vietnam as a foreigner in 2026 — what you actually own, the 30% building quota, the 50-year term, the pink book, and the net-yield…

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Hanoi's skyline — the Vietnam property market in 2026, city by city
Vietnam Jun 08, 2026

Vietnam Property Market 2026: The Buyer's Reality Check (2026)

The Vietnam property market in 2026 for foreign buyers: the Housing Law 2023 frame, the long-lease vs short-let split, oversupply caution, and…

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Landmark 81, Ho Chi Minh City — the 30% foreign ownership cap works building by building
Vietnam Jun 08, 2026

Vietnam Foreign Ownership: The 30% Cap, Explained (2026)

What a foreigner can actually own in Vietnam in 2026 — the 30% per-building cap, the 250-house ward ceiling, the eligible-project gate, and the…

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Ho Chi Minh City at night — the 50-year clock on every foreign-owned Vietnamese title
Vietnam Jun 08, 2026

Vietnam 50-Year Term: The Wasting-Asset Math (2026)

The Vietnam 50-year foreign ownership term explained for 2026 — why it is a term asset not freehold, the resale ceiling when quota is full, and how…

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The Saigon riverfront — the document checklist that runs before any deposit moves
Vietnam Jun 08, 2026

Vietnam Property Due Diligence: The 5-Step Pre-Wire Checklist (2026)

Vietnam property due diligence for foreign buyers in 2026: the 5-step underwriting framework and seven red flags that turn a contract into a…

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Ho Chi Minh City from above — the property investment case district by district
Vietnam Jun 08, 2026

Ho Chi Minh City Property: District 1 vs Thu Thiem (2026)

Ho Chi Minh City property for foreign buyers in 2026: District 1's thin-yield prestige core versus Thu Thiem's appreciation play, the 50-year term,…

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Da Nang's beachfront skyline — coastal Vietnam's property investment case
Vietnam Jun 08, 2026

Da Nang Property: The Coastal Short-Let Operator Filter (2026)

Da Nang coastal property for foreign buyers in 2026: seasonal short-let demand, high operational complexity, weak resale, the 50-year clock, and the…

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Nha Trang bay — the resort-market property case stress-tested for the soft year
Vietnam Jun 08, 2026

Nha Trang Property: The Cyclical Resort Short-Let Risk (2026)

Nha Trang resort property for foreign buyers in 2026: cyclical short-let demand tied to inbound tourist flows, a thin correlated exit pool, and the…

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Phu Quoc island — the thinnest exit market in the Vietnam property set
Vietnam Jun 08, 2026

Phu Quoc Property: The Speculative Island Liquidity Trap (2026)

Phu Quoc island property for foreign buyers in 2026: a speculative appreciation story, the thinnest resale liquidity in Vietnam, and the exit-first…

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Hanoi's old quarter — the pink book is the certificate that makes ownership real
Vietnam Jun 08, 2026

Vietnam Pink Book: The Certificate, Explained (2026)

The Vietnam pink book (LURC) explained for 2026 — what the ownership certificate grants, contract vs certificate, the off-plan delay, and why no…

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Hanoi — why a nominee workaround on Vietnamese property fails at the registry
Vietnam Jun 08, 2026

Vietnam Nominee Risk: Why The Side Paper Fails (2026)

The Vietnam nominee structure explained for 2026 — why a side contract is not legal ownership, the death, divorce, sale and refusal failure modes,…

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District 1, Ho Chi Minh City — every fee between Vietnam's sticker price and the real one
Vietnam Jun 08, 2026

Vietnam Property Fee Stack: The VAT Trap & Closing Costs (2026)

The Vietnam property cost stack in 2026, itemised. Registration 0.5%, the 10% VAT in-vs-on-top swing, the 2% maintenance fund, notary, plus the…

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A Vietnamese skyline mid-build — what off-plan marketing prices in and leaves out
Vietnam Jun 08, 2026

Vietnam Off-Plan Risk: The Default Pattern Buyers Underprice (2026)

Vietnam off-plan property risk for foreign buyers in 2026: the developer-default pattern, the pink book that never comes, and the track-record filter.

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Ho Chi Minh City apartment towers — the gross-to-net rental yield math for Vietnam
Vietnam Jun 08, 2026

Vietnam Rental Yield: Gross, Net & the 50-Year Clock (2026)

Vietnam rental yield in 2026, underwritten honestly. Gross vs net after the fee stack and the ~10% rental tax, the 50-year-term drag, and a worked…

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Hanoi from above — the capital's property investment case for foreign buyers
Vietnam Jun 08, 2026

Hanoi Property: Tay Ho Stability vs Cau Giay Value (2026)

Hanoi property for foreign buyers in 2026: Tay Ho / West Lake's steadiest long-let market versus Cau Giay / My Dinh's value entry, the 50-year term,…

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Philippines

13 articles
The Metro Manila skyline — what a foreign condo buyer can own under the 40% cap
Philippines Jun 08, 2026

Buying a Condo in the Philippines as a Foreigner (2026)

Buying a condo in the Philippines as a foreigner in 2026 — what you own, the 40% foreign cap, perpetual CCT ownership, the Anti-Dummy Law and…

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The Makati skyline — the 40% foreign ownership cap per condominium corporation
Philippines Jun 08, 2026

Philippines Condo Foreign Ownership: The 40% Cap (2026)

What a foreigner can actually own in the Philippines in 2026 — the perpetual condo unit via a CCT, the 40% project cap, the 60% Filipino corporation…

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Bonifacio Global City towers — the CCT is the title that makes condo ownership real
Philippines Jun 08, 2026

Philippines CCT: The Condo Title, Explained (2026)

The Philippines CCT explained for 2026 — what the Condominium Certificate of Title grants, the Master Deed and mother title beneath it, verifying a…

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Manila's skyline — what the Anti-Dummy Law means for foreign property structures
Philippines Jun 08, 2026

Philippines Anti-Dummy Law: Why The Nominee Fails (2026)

The Philippines Anti-Dummy Law explained for 2026 — why putting a Filipino's name on land is prohibited and is not ownership, the death,…

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A Metro Manila skyline — the licence-to-sell check that runs before any off-plan deposit
Philippines Jun 08, 2026

Philippines Off-Plan Risk: The Pre-Sell & Oversupply Traps (2026)

Philippines off-plan condo risk in 2026: the unlicensed pre-sell trap, the developer-default pattern, and the Manila Bay oversupply thin-exit problem.

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The Makati financial district — VAT, transfer, dues: the Philippine condo fee stack
Philippines Jun 08, 2026

Philippines Condo Fee Stack: The VAT & CGT Trap (2026)

The Philippine condo cost stack in 2026, itemised. The 12% VAT on new-builds, the 6% CGT split, documentary stamp tax, transfer and registration…

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The Makati skyline — the condo investment case for Manila's legacy CBD
Philippines Jun 08, 2026

Makati Condo Investment: The Established CBD Long-Let (2026)

Makati condos for foreign buyers in 2026: the established CBD long-let, strong resale liquidity, building-age diligence, the 40% cap, the perpetual…

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Cebu City — the condo investment case for the Philippines' second market
Philippines Jun 08, 2026

Cebu Condo Investment: The BPO Floor vs Mactan Resort (2026)

Cebu condos for foreign buyers in 2026: the Business Park / IT Park BPO demand floor versus Mactan's seasonal resort short-let, the 40% cap, the…

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Manila Bay — the condo investment case for the capital's bay-side districts
Philippines Jun 08, 2026

Manila Condo Investment: Ortigas vs the Bay Overhang (2026)

Manila condos for foreign buyers in 2026: Ortigas's balanced mid-market versus the Manila Bay oversupply and thin-exit caution, the 40% cap, the…

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Bonifacio Global City — the condo investment case for Manila's planned district
Philippines Jun 08, 2026

BGC Condo Investment: The Corporate Long-Let Core (2026)

BGC condos for foreign buyers in 2026: the corporate long-let core, the strongest resale liquidity in Metro Manila, the 40% cap pressure, the…

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Metro Manila from above — the Philippines property market in 2026
Philippines Jun 08, 2026

Philippines Property Market 2026: The Foreign Buyer's Read (2026)

The Philippines property market in 2026 for foreigners: the perpetual CCT, the 40% cap, the BPO demand floor, the Manila Bay oversupply, Thailand vs…

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Makati condo towers — the document checklist for Philippine condo due diligence
Philippines Jun 08, 2026

Philippines Condo Due Diligence: The Pre-Deposit Checklist (2026)

Philippines condo due diligence for foreign buyers in 2026: the 5-step framework and seven red flags that turn a reservation into a registered CCT.

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The Ortigas skyline — the gross-to-net rental yield math for Philippine condos
Philippines Jun 08, 2026

Philippines Rental Yield: Gross vs Net & Oversupply (2026)

Philippines condo rental yield in 2026, underwritten honestly. Gross vs net after association dues, the BIR rental tax, the BPO long-let model, and…

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