Koh Samui Condos

The issues that can arise with land ownership in Thailand have meant that Koh Samui, like the rest of the country has had a emerging Condo market. This is due to the fact that condos can be owned out-right by foreigners, because the majority of the development (51%) will be sold to Thai nationals, and therefore neatly navigates any of the issues. This is not to say the route to owning a house and land in Thailand can’t be smooth, it’s just a matter of choosing the right partner.

Buying condos on Koh Samui is becoming increasingly the most popular option among foreigners who have no legal avenue to own land. When it comes to real estate, the condo market on Koh Samui is a lot slower than the resort destinations of Phuket and Pattaya but as new project launch they have achieved excellent sales results.

Thai law permits foreigners to purchase a condominium in their own name, which removes the need for local partners or investment through a Thai Limited Company. Several luxurious, low-rise condominium projects are currently under construction in the south of the island, and also in the hills to the north. These projects include a number of attractive additions to enhance the owners tropical lifestyle, such as club houses and onsite restaurants, pools, sports facilities and even spas.

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