Koh Samui Condos for SaleThanks in part to Thai laws that restrict direct foreign ownership of land and property, condominium projects have emerged as an attractive alternative for some investors on Koh Samui. Foreigners are allowed to buy a luxury condominium in their own name outright. The only restriction being that 51% of the building it is contained within should be Thai owned. This makes a luxury condominiums an appealing choice for many foreign investors because they can avoid the complex legal procedures required to buy raw land or properties on the island.
Several new condominium developments have launched on the island in recent months and all of them combine comfortable tropical living with a range of added facilities and services. Most condos come with a good range of resort-style amenities that include a clubhouse or restaurant, on-site spa and one or more swimming pools. With a professional staff team onsite and direct contact with a foreign management company, residents and their guests enjoy a relaxed and convenient lifestyle. Gardeners and maintenance workers also look after the property when the owner is not in residence, adding peace of mind.
Management companies often provide rental options so that owners also benefit from an added income beyond the value of the property itself. This all inclusive approach offered by condominium developments appeals to holidaymakers in search of a little added privacy and rental rates compare favourably when compared to a hotel. Buying and renting out a condominium is therefore and affordable way for investors to own a second home in Thailand and the trend in condo purchases is likely to continue as the country's resort destinations develop and grow. Several developers are moving away from a focus on gated residential estates to concentrate on building luxury apartments. This not only improves the choices for investors on Koh Samui, but also presents more opportunities for buyers hoping for rental yields.
Thailand's legendary service mentality, combined with the low cost of labour also means that many of Samui's luxury apartments come with added services such as daily cleaning, laundry and a concierge staff. This also adds to the value of the property when it comes to holiday rentals. Staying in a condominium on holiday allows guests more freedom to choose their daily activities and therefore suits families or couples looking for a private retreat.
Koh Samui's laws restrict building height so that construction does not interfere excessively with the natural landscape. The result is that most condominium projects are designed as low rise estates, the buildings designed to blend with the tropical environment and often surrounded by beautifully landscaped gardens. Samui's modest size and easy access to the coast in most areas also means that condominium developments are within easy reach of the island's most popular sights, beaches and attractions.