Koh Samui Condos

Condominium law in Thailand allows foreigners complete ownership of their property, which is not the case when it comes to land or house purchases, which must either be made with a Thai partner or through a limited company. This is why the market for this type of property has boomed since the first foreigners began investing in Thailand.

On Koh Samui, however, condominiums are a relatively recent addition to the property scene. This is largely because the island's building regulations restrict the construction of high rise buildings. However, this has created a new approach to condominium design of late, with a number of low-rise residential condominium projects emerging to cater to this section of the market.

Unlike stand-alone villas and houses, condominium developments tend to include a choice of on-site amenities including a restaurant, a communal swimming pool and even a spa. This makes them particularly attractive as holiday homes as the experience of staying in the development is similar to a hotel experience. This, in turn, increases the owner's opportunity to see good rental yields as many holiday makers prefer the security of a full service location, despite the lack of privacy.

High-end condominium developments seem set to compete with the Samui's luxury villa sector in the coming years as a number of expansive projects are nearing completion and have already enjoyed strong pre-sales. This will greatly enhance the choice and stye of accommodation available on the island, not only to buy, but also to rent on either a long or short term basis.