Property investment in Koh Samui
Koh Samui, Thailand's number one destination tropical island with its own international airport, creates the perfect platform for any real estate investor. Recognized to be a world-famous world-class holiday destination, not only brings an abundance of nationalities, but also opportunities for profitable investments in real estate.
Although most of them have traditionally been from European countries such as the United Kingdom, Germany, Russia, the Netherlands, France and the Scandinavian countries, the new investor market is emerging from Asia and the Middle East, including Singapore, Vietnam, Korea, China and the UAE. The recent surge in interest from Asian investors is due to an increase in disposable income levels, the recent deregulation of foreign investment laws (Korea), and new direct air lines to / from Koh Samui. Discounted deals in the region also offer tremendous value to tourists who want to relax on Koh Samui and its surrounding islands.
The Koh Samui real estate profile includes many large branded hotels and exclusive luxury villas.
The market here is firmly based on the fact that almost all real estate purchases are made without financing. Local mortgage loans are really unavailable, which makes property prices much more resistant to the financial crisis in the world. What has been noticed in recent months are certain properties that depreciate when the owner has to sell quickly due to financial losses incurred in other parts of the world. This has created several buying opportunities, although they usually quickly move to investors with cash.
Thus, the recent activity in the real estate market in Koh Samui was mainly due to cash investors who want to transfer funds to the property, where good discounts were offered. There is activity in resale properties as well as reducing prices from 10% to 30% in order to quickly move assets to make money, as well as some developers who want to manage their working capital and net assets. In early 2009, developers completed partial full real estate and sold them at a discount in order to realize cash. At this time, there are still several opportunities to purchase and purchase luxury property before the local market shows full signs of a rebound and the beginning of the projected growth path.
Understanding these current local climatic conditions, the Koh Samui market has undergone a change of emphasis with the emergence of a new breed of creative developers who are aware of the great potential from a planned increase in the number of luxury travelers and investors seeking investment in Lifestyle.
Focusing on two innovative developers who anticipated this demand for Lifestyle investment properties, both focused on the area around Plai Laem and Cheong Mon. They believe that with areas of fantastic beaches, proximity to the airport and no signs of overcrowding, this makes it an ideal place to invest in lifestyle. In fact, the area still has traditional Thai style with small seaside resorts combined with more luxurious facilities, 5-star spa resorts and hotels.
Both have strong ideas on how to create a lifestyle that acts as an exciting investment and lifestyle for those who want to experience the tropical life of Koh Samui in luxury packages.
The Mandalay Gardens apartment project is located near Chong Pun on the hillside. It is only 800 meters from the beach. Many apartments offer breathtaking views of the sea. This is a truly flexible car, and the lifestyle investment gives its owners the very best benefits, having a special feature of the Astudo hotel management. The project was released in May of this year, and the demonstration department was ready for active investors who were already taking place on the hillside. There are 9 different types of apartments with 1 bedroom ranging from 50 to 90 square meters. Prices start at 3.49 m. Thai baht. Investment income is not guaranteed, but an employment rate of 35% is expected to reach 6-8% at an average rate of 3,600 baht per night. It is assumed that the majority of owners will participate in the rental program, and thus free use is provided for up to 60 days a year. There is a possibility before the start of construction of combining two or more units to create apartments with 2 or 3 bedrooms. Following Mandalay Villas' successful first project, Tibor Sedlak, general manager of Mandalay Samui Developments, said the company was based on private financing without any loans or other unpaid liabilities. The legal status of this current project gives its owners a lease of 30 + 30 + 30 years. Ownership of the land is ensured by the fact that each owner of the unit is equal to a shareholder in a landowning company. Payment after a down payment of 35% is based on monthly installments associated with the completion of work. Sterling was appointed Project Manager with DFDL Crawshaws, who are legal advisors. The whole project is set at 5600 square meters. M land, and construction began in September 2009 and the completion of phase 1 by the third quarter of 2010.
Samui Emerald Condominium is another attractive option as an investment in lifestyle, and construction has already begun, now is the time to take advantage of the remaining offers. The completion of the entire facility is scheduled no later than December 2010. Next to Play Laem Beach, you can easily reach Chong Pun and back along the coastline to the chic boutique resort, a fishing village. This area is home to the highland resort, Six Senses-Hideaway, and the Giorgio Armani signature villa, also close by. Other attractions include the Big Buddha, Turtle Island and Koh Som. Samui Emerald units provide their owners with access to stylish amenities, including a large swimming pool, restaurant, fitness room and multilingual reception. The rooms range from 1 to 3 bedrooms, including 4 apartments in the penthouse with standard units from 44 m² to 109 sq. M. With prices from 3.05 m. Bath. The units are fully furnished with modern designs, including all free furniture and electrical items. Again, there is no guarantee of return on investment, but it is expected that 8% with average rental rates estimated at 2,700 baht per day for a standard studio room with a 30% coverage. Samui Emerald will work as a hotel. Guests will be met at the airport, transported to the site, deposits will be made, guests will be shown in their rooms to find welcome baskets and showers.
Owners who enter the rental scheme can receive up to 167 days a year free use, while earning income during the remainder of the year. Given its legal status as a Condominium, it also gives foreign investors the opportunity to obtain a foreign title.
