Property ownership in Thailand

By Samui House and Land

Investment growth & property values in Koh Samui are adhering to the proven worldwide trend for idyllic resort locations. It starts with the discovery by back-packers & the building of simple budget bungalows. As infrastructure improves, larger hotels follow until the island becomes a recognized tourist destination bringing in international hotel chains, theme pubs & restaurants. Once these are established the development of an industry in weekend homes and resort-managed apartments is the next natural progression.

To summarize, as a location grows from tropical beach resort to a fully serviced community with international standard hospitals, schools, shopping, communications, marina and leisure facilities, longer term foreign residence becomes feasible. Residential investors such as retirees, regional anagers and small business owners will start to build more substantial and permanent homes. Astute, successful, international businessmen know that the right timing in property investment will bring them generous returns. Koh Samui is surging forward accordingly but it is yet to reach its peak. Considering all the investment opportunities available to you at present, house and land outstrips them all in terms of performance. Buying in now will ensure that once the metamorphosis from back-packer to high end travel destination is complete, substantial yields will be generated from managed rental returns and/or the resale value of your property.

Residency

Residential investors such as retirees, regional managers and small business owners will start to build more substantial and permanent homes. Astute, successful, international businessmen know that the right liming in property investment will bring them generous returns. Кoh Samui is surging forward accordingly but it is yet to reach its peak. Considering all the investment opportunities available to you at present, house and land outstrips them all in terms.

There are several routes to obtaining residency in Thailand. The exact qualification requirements tend to change on a regular basis but typically involve inward remittances invested in bank deposits or approved businesses. Retirement visas are more simply acquired based upon age requirements and demonstration of relatively modest local deposits and/or sources of offshore pension income being remitted to Thailand. Overall, Thailand is a relatively easy place to live and do business in. Please note that the visa gives you the right to enter and remain in Thailand, it does not give you the right to work in Thailand. The work permit on the other hand, gives you the right to work in Thailand but does not give you the right to remain. If you plan to work in Thailand, you would require both a visa and a work permit.

Developers

Property development is a booming industry in southern Thailand. If you are in the market for an Asian retreat then there is probably no better place than Koh Samui. Samui has a charm unlike any other island destination in Thailand. A true island getaway with warm azure waters, white sandy beaches, rugged granite rock formations, swaying palm trees, verdant jungle clad mountains and cool tropical waterfalls. Samui is also a place where most of the discerning amongst us fall in love with the feel and primitive ambience but we are not quiet ready to ge t back to basics, hence rather than east meeting west in a culinary sense, east meets west in the form of a lifestyle development. For those of you that want the best of both worlds then Samui's property developers have the options that will allow you to bask in luxury, surrounded by pools, man made waterfalls, landscaping, gentle streams, ferns, palms all in a safe secure environment.

The benefits of a development are far ranging. They include community property such as gyms, pools and clubhouse. There is also utility support through backup generators, water supply, communications and maintenance. Added to this there is onsite security as well as the ability of the developer to generate rental returns through property management when you are not resident. The exclusive designs, zoning and location offer protection against any adjacent unwelcome property owners putting up a bar, supermarket or some form of industrial business. Most home owners within a development will be successful businessmen, retirees, company regional managers or CEO's who want the security of the complete infrastructure provided by professionals who are experienced in the running and management of such operations.

Buyer Concerns

When buying into a development you are buying into a complete project and as such you should concern yourself with the developers solvency. The best protection against developer insolvency / bankruptcy is to pay for what you get & to minimize any advances or deposits with the critical component in all cases being the land. Once you have paid a deposit to buy the land it is not advisable to make further substantial payments until such time that the transfer of ownership of the land is registered at the land office. It would also be prudent not to commence major building works until you have legally acquired or leased the land. With respect to the common property in the development financial institutions would be unlikely to foreclose because the nature of the land renders it relatively valueless. Even in the unlikely event that the bank or financial institution were to insist on foreclosure, they may be restricted by the presence of a registered servitude or rights of way arising by necessity.