Koh Samui Luxury Apartments
A number of the new luxury apartment and condominium developments
have opened recently on Koh Samui. Such complexes offer an impressive
range of resort-style facilities with on-site clubhouse privileges,
international restaurants, health spas and recreational amenities. Most
apartments are managed and maintained by a professional team, with
dedicated staff employed to take care of guests, as well as to maintain
the property during the owner’s absence. Such added amenities and
services make luxury apartments an attractive option for people looking
to buy or rent private accommodation on the island and the inclusive
nature of these developments particularly appeals to small groups,
couples and independent luxury travellers.
The laws pertaining to the foreign ownership of land and property in
Thailand have stimulated growth in the construction of apartments and
condominium projects on the island. Foreigners can legally own a luxury
apartment outright with 51% Thai ownership rules applied across the
whole building. This makes a luxury condominiums an attractive
investment option for buyers as it cuts out complex legal processes and
provides greater investment security.
Based on such preferences, many developers are switching from the
construction of gated villa communities to luxury apartment complexes,
which increases the choice of investment options and also improves
possibilities for buyers at the luxury end of the market who are
interested in rental yields. Top-end facilities in Samui's luxury
apartments generally come with added services such as cleaning, laundry
and a concierge services, which appeals to rental clients. In addition,
Koh Samui's laws dictate that the height of a building should not
exceed that of the surrounding forest. This means that apartment
complexes are generally low rise, with many designed to blend with the
tropical surroundings. Finally, efficient land use means that most
apartments are located close to the island's popular attractions and
amenities.
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