Koh Samui Apartments

Property investment on Koh Samui has evolved over several years and the market has now diversified. The most recent trend has been to build apartment and condominium units and more of these are now coming onto the market. This type of property is popular with foreign investors due to the relative ease of purchase and the fact that a foreigner can buy such properties outright if the building officially belongs to a majority of Thai owners.

Recent amendments to foreign ownership rights in Thailand have sparked increased interest in the condominium market as it affords greater security and simplicity for buyers. What's more, prices for apartments compare very favourably, with villa or house purchases. Studios sell for as as little as 2 million baht, and an average 1-2 bedroom condo can start as low as 2.5 million baht. Some developments also come with finance options, although it is always best to ask an independent to lawyer check the terms.

Most condo developments on Samui are located in the more developed resort areas around Chaweng, Lamai and Bophut, close to the main amenities, although some are now being built in more remote parts of the island. Managed apartments generally include access to communal facilities and many companies offer opportunities for income generation through rental programmes that can be organized in when the owner is absent. Added facilities and convenient locations, make apartments a good option for vacation rentals, especially for small groups, couples or singles. Rental rates vary, but for long stay tenants can be as low as 10-15,000 baht per month.