Can foreign nationals buy penthouses in Koh Samui?

Foreign nationals can buy penthouses in Koh Samui, choosing either freehold or leasehold as the form of ownership. Apartment in condominiums can be freehold (fully owned), provided that foreign nationals own no more than 49% of the area in this condominium, or leasehold (rented for long terms). When interested in buying property in Thailand , the foreign investor has two options: having a penthouse on leasehold for 30 years (the term can be renewed twice) or purchasing the property through a limited company.

What is the average cost of a penthouse in Koh Samui?

The cost of a penthouse in Koh Samui ranges from $237,000 to $237,000. The average price per square meter in Koh Samui — $2 650. Now we have best offers of penthouses in Koh Samui.

What are the most popular locations for buying penthouses in Koh Samui?

The most popular tourism area of Koh Samui is Chaweng which is home to the majority of the island's restaurants, entertainment venues and nightlife. Central Festival is the largest shopping mall in Koh Samui. For those looking to escape to a more peaceful retreat, Lamai offers a friendly family environment with beachside bungalows and restaurants where you can spend the day by lounging on the beach. Those who love clubs should think about buying a penthouse in the of Lipa Noi beach, where the world-famous Nikki beach club is located and entertainment events are constantly held.

Why invest in penthouses in Koh Samui?

The reasons for investing in penthouses in Koh Samui are as follows: The island attracts thousands of tourists every year, which has led to an increase in demand for penthouses. Koh Samui has a stable political and economic environment and is safe for everyone to live on. Koh Samui is one of the few tourist and investment destinations with a favorable climate for the most part of the year. There is a wide selection of penthouses at affordable prices. Penthouses value in Koh Samui is expected to increase significantly in the future. This gives you a reason to start investing in Koh Samui.

Can I earn money by renting a penthouse in Koh Samui?

Penthouses in Koh Samui are in great demand among tourists and buyers. With the year-round tourist season you can have a great rental income. There are many projects with guaranteed returns of 7–10%. Management companies provide full penthouse maintenance service. You can also use your penthouse as a holiday home for 2–4 weeks a year without losing income.

How long can I rent my penthouse out in Koh Samui?

Koh Samui has a tourist year-round season. December through March is the high season and the most popular time for the tourists to visit the island. March through May is the hot season on Koh Samui with air temperatures above 35 degrees. June through September is the moderately humid season, it is very warm and sunny and there are lots of fruits and flowering trees. It is the most expensive season in terms of rental penthouse prices. October through December is the cheapest season in terms of prices. It is the time of tropical showers.

Can foreigners take out a mortgage to buy a penthouse in Koh Samui?

Thai banks do not provide mortgage loans for the purchase of a penthouse in Koh Samui for non-residents. Moreover, foreign nationals can´t get a bank loan for any purpose.

Can foreigners obtain Thai citizenship through a penthouse purchase in Koh Samui?

Permanent residents can apply for citizenship. Thailand citizenship allows you to buy a penthouse in Koh Samui, own any business and apply for any kind of job. You can apply for Thai citizenship: residence in Thailand for at least five years; permanent employment; to be married to a citizen of this country; your baby was born in Thailand. Children born to parents with Thai citizenship automatically get citizenship regardless of where they were born. In order to obtain Thai citizenship, you must renounce your current nationality.