Koh Samui Land for SaleWith so many property options in Koh Samui, it can be quite overwhelming when trying to pick your perfect home or vacation getaway. With extremely affordable land options, may people choose to build their dream house instead of redesigning or performing laborious remodeling on a property that they did not really like to begin with. With location a major buying point for many potential property owners, it is best to have a broad view of the available options before signing a deed.
Unlike in some tourist areas in Thailand, Koh Samui’s local government has worked hard to implement laws to preserve the island environment, which has helped keep much of its stunning, natural beauty. Buildings rarely exceed 12 metres vertically, which means no cityscape skylines. Despite the lack of high-rise, recent moves to grant Koh Samui “city status” have meant larger budgets and ultimately a higher capital investment in improving the island’s infrastructure. This enhances the lifestyle for the bulk of expatriates on the island, who in turn contribute to the local economy.
In Thailand, it is still considered illegal for a foreigner to directly own land. What's more, the government has stated that Thai shareholders in a company that owns land must remain active and be financial contributors to the shares. If having a Thai partner is not a preferred option, a foreigner can also acquire land by signing a 30-year lease, with the option to extend the lease fr a further 60 years (30+30). A buyer can also invest a minimum of THB 40 million into the Kingdom of Thailand that will automatically grant them one rai of land allotted for the purpose of living.
In order to buy land, foreigners also need to obtain a land certificate from the provincial land office. Those entitled 'Chanote' or 'Nor Sor 4 Jor' are the considered the safest land deeds to get as they are marked and numbered by concrete poles on the actual plot itself and measured with a GPS.
Ultimately, before purchasing any land on Koh Samui, it is best to know your rights, which is why consulting with an experienced lawyer who has dealt with property issues and land titles before will ensure a smooth and efficient transaction.
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