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| Samui Condominium projects (November 2008) |
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Condominiums for sale on Koh Samui. Interesting changes are happening on Samui in respect of condominium developments which have been all the rage in the rest of Thailand. It is becoming increasingly apparent that Koh Samui is catching up, with a number of new condo projects planned in the next one to three year. Although the numbers of new projects launched, are certain to be affected in the short term, by the current world financial crisis.
With the number of condo's for sale increasing, importantly though, it is a safe assumption that Samui will remain unspoiled due to local planning restrictions on build heights. There are now several condo developments, luxury apartments, all with penthouses to choose from at varying price levels, ranging from under 3 million up to 50 million Thai Baht per unit. All this adds to the property investor's choice when seeking what and where to purchase his condominium on Samui.
To the foreign buyer, the purchase of a condominium has the distinct advantage of potentially buying a freehold title. Note that the term "condominium" only relates to the legalities of the property and not the layout of the building. A new act was passed earlier this year as an extension of the consumer Protection Act. This will benefit the buyer, through clearer voting rights and standardized legal agreements and regulations regarding the accuracy of literature and leaflets produced off-plan.
Buying off-plan, at the pre-construction stage of a project has the added advantage of making the condominium unit more marketable and easily transferable at the land department on resale. Generally though for the foreign investor looking for investment opportunities, there are several more advantages including,
1. packaged managed rental & pooled income schemes
2. guaranteed rental return schemes
3. excellent property management
4. hotel style services including restaurants, bars, fitness & Spa facilities
5. superior property maintenance
Samui Condominium Projects
Samui Emerald
This hotel style 48 unit, luxury five star resort is perfectly placed 200 metres from the beach at Plai Laem. A full luxury range of offerings makes this an attractive investment. Investors looking for a turn-key solution to their investment needs will find what they are looking for at Samui Emerald Condominiums. The project will be managed similar to a hotel providing residents and guests a service rich experience, while ownership is legally and financially structured as a condominium. The best of both worlds allows serious investors to maximize their returns while protecting their investment. Click here for further information
Baan Arisara
Baan Arisara is a forty-four unit, freehold condominium project in Bo Phut. It is located within walking distance of the ever fashionable, Fishermans Village. Owners will benefit from a beautiful sea view over Fishermans Village and into the bay of Bo Phut. This project is the second condominium development by this developer on the Island, after successful completion of the first project in June 2008. Investors benefit from a pooled rental scheme, and hotel style management. Click here for further information
Whispering Palms
Whispering Palms Condominium is close to Chaweng, and is a sister development to the successful villas in Bophut. The contemporary apartments surround a common area and outdoor living space. The property boasts total privacy and security in a hillside setting that it close to many of the Islands amenties. There are 31, one and two bedroom units all located within the three story building.
The Sea
The sea is another Samui beachfront condo project, set in Ban Tai and built to the highest standards. It consists of 6 beachside villas and 15 condo units, each one with spacious balcony and outdoor Jacuzzi, and 6 beachfront boutique villas. The style is definitely tropical fusion with modern designs offering quality and luxury to the highest standard. Being secluded from the tourist areas, this condominium offers tranquility and privacy yet. Resort facilities include lap pool, fitness center, reception lounge, 24 hour security and wireless internet.
The Park
The Park is set close to the beach at Cheong Mon. The Park consists of 24 two bedroom units offering a resort lifestyle. There are two large swimming pools and landscaped gardens, as well as a fitness facility and reception. This project is 80% complete. Click here for further information
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