Koh Samui Condos
In the last few years, the development of condos and apartments on Koh Samui has gradually begun to take hold as an alternative to stand alone villas for long and short-term residents.
One of the main attractions of condos for foreigners in Thailand is that they can be purchased under the Kingdom's strict regulations on foreign-ownership of land and property. If a condominium is 51% Thai owned, foreigners can but apartments outright in their own name. This couple with the advantages of onsite management and facilities make them a popular choice for second home investors.
On Koh Samui, low rise condos are springing up throughout the island offering investors the opportunity to live and work in one of Thailand’s most coveted island destination, either permanently or for part of the year.
Many of the new condos on the island offer luxurious services akin to the island's resorts and hotels. In factm, a number of apartment complexes operate more along the lines of a hotel, but with the legal and financial structure of a typical condominium. This means investors enjoy the luxury of their own home while also enjoying a hotel atmosphere with adjoining restaurants, lounges, spas, and exercise facilities.
A substantial supply of condominium options are spread throughout the island with beachfront views, garden surroundings and convenient access to local amenities for shopping and entertainment. Many properties also offer residents management programmes to guarantee a yearly rental return, depending on occupancy rate.
Owners can rent out their apartment or suite when away for extended periods of time, either through their central system or simply direct via their own website.
Koh Samui's popularity as a destination for in Asia means there is constant demand for accommodation, allowing owners to come and go while still maintaining a appealing tropical base.
Many of Samui's condo residences come with their own small community of amenities, but the the surrounding area also provides for any of the extra necessities a person could want. Easy access and a new asphalted ring road makes travelling to and around the island a breeze, while in the evening a full set of entertainment venues includes everything from sophisticated nightclubs, to fine restaurants, and even Thai boxing stadiums.
While condos have been slower to emerge on Koh Samui than in other destinations like Phuket, developers are continuing to plan new projects in the seven sub districts. A driving force that has helped spur the condo market into motion has been the increasing number of visitors from around the globe. Islands such as Samui have become increasingly popular with long stay tourists and residential areas have now become part of the development landscape where those who call Samui home can get away from the crowds and enjoy their own private living space.