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Recently designated by the Thai government for special development status, Samui is rapidly developing from a budget holiday destination to an up-market resort island rivaling nearby Phuket.
Older and more affluent visitors are arriving in increasing numbers. Many come from Europe and North America to enjoy the tropical holiday of a lifetime -- and with the island's improving air links, a growing number of visitors from nearby Asian countries have also come to see Samui as a perfect short-break option.
Many decide that when they return, they would rather trade the formality of a hotel for the serenity of their own luxurious holiday home. Others are so enamoured of Samui's tropical charms that they decide it would make an ideal place to retire and live permanently in the house of their dreams.
Whatever their motives, there's no doubt that real estate development is currently a boom industry on Samui. From roadside bungalows to beachfront holiday homes to palatial mountain retreats, it's all still available here.
If you are seriously considering buying on Samui, then we strongly advise you to seek a full and comprehensive consultation with brokers and developers before deciding which option is best for you.
How is land measured? Land in Thailand is measured in 'rai', 'ngan' and 'wah' 1 rai = 4 ngan or 1600sq.m 1 ngan = 100 wah or 400sq.m 1 wah = 4sq.m
And that means? 1 acre = 2.5 rai approx. 1 hectare = 6.25 rai approx.
The metric system is normally used when referring to the construction of buildings. Land prices are nearly always expressed in baht per rai - or for smaller plots, baht per wah.
What will it cost me? Labour and local building materials costs are low, but imported materials cost more than many people expect, and prices of prime beach land (when available!) have soared. Proximity to the beach is the single biggest factor determining land cost. Beachfront land can cost up to fifty times a similar-sized plot in the centre of the island.
What property may foreign nationals own? 1) A unit in a registered condominium 2) A building (as distinct from its land) 3) A registered leasehold of up to 30 years for all types of titled land (and/or buildings)*
* Note that with appropriate extension and purchase options, a 30-year lease can be tantamount to freehold purchase. This is entirely legal, safe and by far the most practical way for foreigners to take possession of land on Koh Samui.
What property is forbidden to foreign nationals? 1) Freehold land 2) More than 39% of the equity in a Thai company that owns freehold land.
SAMUI PROPERTY DEVELOPERS AND AGENCIES
Advantage Property - Hin Da Hin Yai, Tel: 077 418 891
Coconut Island Real Estate - Tel: 09-94751171
Coconut Land and House - Chaweng (opposite Starbucks), Tel. 077 413 323 and Maenam, Tel. 077 420 613
Coco International Properties Co. Ltd - Iyara Plaza, Chaweng, Tel. 077 422 248
1st Asia Properties - Bophut (Route 4169), Tel: 077 422 479
Happy Place's Projects - Big Buddha (Ghost Road), Tel: 077 245 530
Plantation Project - Bangrak, Tel: 077 427 098
Samrong Lagoon Resort - Tel: 077 427 282
Samui Estate (NPM) - Tel: 06 9999 878
Siam Inter Properties - Bophut (Route 4169), Tel: 077 245 248, 09 060 7430
The Villas at Pansea Samui - Maenam, Tel: 077 427 648, 02 253 4145-7
Zen Properties - Maenam, Tel: 09 874 4855/01 894 2131