Invest in real estate
on Koh Phangan and Koh Samui
Increasingly popular among travelers and expats, these islands in Siam gulf have various offers with attractive investment returns and high demand on the secondary market
Why Koh Phangan is so special?
Koh Phangan is a small island in a Siam gulf that belongs to Surat Thani province and is nearby Koh Samui. Much of the Siam Gulf has been designated as an Environmental Protection Area, and Koh Phangan has preserved nearly 40% of its area in a relatively unchanged form over many years due to its adoption as a National Park, incorporating mountain areas, jungle and which also includes a Marine Reserve coastal area.
The total area of the island is just 145 sq. km which means that the amount of land that could be used for residential areas is very limited.
The total area of the island is just 145 sq. km which means that the amount of land that could be used for residential areas is very limited.
What attracts people in Koh Phangan? Well, Koh Phangan is often seen in the top of the ratings ranging from the best workation destinations to must-visit party places, so, as you might have guessed, there are multiple types of people who fall in love with this place.
- First of all it’s a relaxed and a laid back location yet with all necessary infrastructure that is great for making it the second home for your family. Kids are making new friends on the beach and going to international schools while parents have their regular workday in one of the coworkings or home offices while living in a lush and ecologically wealthy environment.
- Next come digital nomads and travelers attracted by reasonable prices and paradise landscapes as well as great music and party vibes.
- And of course plenty fans of yoga, healthy lifestyle and spiritual practices that are flourishing around bohemian Sri Thanu area.
- While this set of reasons may not quite fit you, it totally illustrates that there is a sustainable demand for a house rentals of various price range on the island throughout the year.
Let's get into more details
Climate and nature
Weather on the island is always mild with a short rain season in the autumn. While on the Andaman coast (Phuket, Krabi) low rainy season spans for around half of the year (May-November), here it’s two times shorter with a second high season in July-August, that makes a permanent stay here more viable option as well as more stable rental prices throughout the year.
https://www.sunheron.com/asia/thailand/southeast-thailand/koh-phangan-weather-climate/
Koh Phangan also boasts with a dozen of swimmable beaches and eight easily accessible waterfalls which makes it a great place for anyone who want to stay connected with nature and provide best recreation opportunities for their family members.
https://www.sunheron.com/asia/thailand/southeast-thailand/koh-phangan-weather-climate/
Koh Phangan also boasts with a dozen of swimmable beaches and eight easily accessible waterfalls which makes it a great place for anyone who want to stay connected with nature and provide best recreation opportunities for their family members.
Infrastructure
Buying or leasing a property
As a foreigner, you have two options for purchasing a home or villa in Thailand
1. Long-term leasehold contracts
Foreigners may engage in 30-year lease contracts in which they are protected in the same way as freehold owners are. This contract may be renewed or extended twice, and the foreigner can own the land for up to 90 years. After the agreement expires, he or she will not be able to claim ownership of the property since the substantial asset has been withdrawn from the estate.
2. Limited-Liability Corporation
In Thailand, forming a limited liability corporation is a decision that does not fully accommodate people with low financial resources. The freehold land of any organized firm in the name of a foreigner is registered in the company's name.
When a single investor from outside of Thailand is only qualified for a maximum of 49%, this approach requires two or more shareholders. However, the company's managing director, who controls voting and other shares, acquires full control of the company and it's assets. 51 percent of shares that has to belong to Thai nationals could be divided between two people that makes the primary shareholder the possessor of a simple majority of shares as well.
While foreign ownership of property and improvements on the land is prohibited, there are exceptions to this law if the following conditions are met:
If a foreigner purchases real estate in Thailand, the ownership of the house can be registered and transferred separately from the land on which the house is built; the transfer procedure must follow the Thailand Civil and Commercial Code; the transfer must be in writing, and the transfer must get registered with the Land Department's branch or provincial office.
The present owner and buyer of the home must follow the usual process at the Land Office when selling and transferring ownership of an existing building apart from the land. Otherwise, the developer or a third party that owns the land owns the building legally.Book design is the art of incorporating the content, style, format, design, and sequence of the various components of a book into a coherent whole. In the words of Jan Tschichold, "methods and rules upon which it is impossible to improve, have been developed over centuries. To produce perfect books, these rules have to be brought back to life and applied."
Front matter, or preliminaries, is the first section of a book and is usually the smallest section in terms of the number of pages. Each page is counted, but no folio or page number is expressed or printed, on either display pages or blank pages.
Foreigners may engage in 30-year lease contracts in which they are protected in the same way as freehold owners are. This contract may be renewed or extended twice, and the foreigner can own the land for up to 90 years. After the agreement expires, he or she will not be able to claim ownership of the property since the substantial asset has been withdrawn from the estate.
2. Limited-Liability Corporation
In Thailand, forming a limited liability corporation is a decision that does not fully accommodate people with low financial resources. The freehold land of any organized firm in the name of a foreigner is registered in the company's name.
When a single investor from outside of Thailand is only qualified for a maximum of 49%, this approach requires two or more shareholders. However, the company's managing director, who controls voting and other shares, acquires full control of the company and it's assets. 51 percent of shares that has to belong to Thai nationals could be divided between two people that makes the primary shareholder the possessor of a simple majority of shares as well.
While foreign ownership of property and improvements on the land is prohibited, there are exceptions to this law if the following conditions are met:
If a foreigner purchases real estate in Thailand, the ownership of the house can be registered and transferred separately from the land on which the house is built; the transfer procedure must follow the Thailand Civil and Commercial Code; the transfer must be in writing, and the transfer must get registered with the Land Department's branch or provincial office.
The present owner and buyer of the home must follow the usual process at the Land Office when selling and transferring ownership of an existing building apart from the land. Otherwise, the developer or a third party that owns the land owns the building legally.Book design is the art of incorporating the content, style, format, design, and sequence of the various components of a book into a coherent whole. In the words of Jan Tschichold, "methods and rules upon which it is impossible to improve, have been developed over centuries. To produce perfect books, these rules have to be brought back to life and applied."
Front matter, or preliminaries, is the first section of a book and is usually the smallest section in terms of the number of pages. Each page is counted, but no folio or page number is expressed or printed, on either display pages or blank pages.
