Samui property

21 May 2016 3

Most “foreigners” who purchase a property within Samui have previously enjoyed holidays here, and have subsequently fallen in love with Samui’s many charms, affordability and relaxed way of life. It is therefore important when looking at the future potential of “overseas” investment regarding the property market, to first see how the Thai tourist industry, the leading industry in Thailand, has been and will continue to perform as it is today’s tourists who will become tomorrow’s investors.

Below are some comments taken from a Jones Lang LaSalle report regarding their views on tourism in KohSamui:

• Growing prominence of SuratThani airport as a secondary gateway to Samui, in addition to the existing airport, has helped fuel demand.
• Visitor arrivals to Samui Airport in 2013 increased by 14.5% over 2012 to 1.5 million.
• According to the Department of Tourism, there are 20,047 hotel rooms in Samui as at 2013 year-end.
• The large increase of high-end resorts during the past three years has repositioned the island as a luxury resort destination.
• Recent political demonstrations in Bangkok have had a minimal impact on hotel trading performances in KohSamui.
• Occupancy in 2013 reached a record of 73% growing by about 5% over 2012.
• The supply pipeline for Samui is slowing over the next three years and is largely concentrated in the midscale to upscale segments.
• Demand fundamentals remain healthy going forward and we anticipate continued emergence of short-stay demand from key Asian source markets.
• We expect China, Russia and India visitor markets to be the strongest growth markets in the medium term.
• We anticipate a stable or increasing occupancy outlook for 2014/15.

suzie Arcadipane

July 8, 2017 at 16:48

What is the government ruling on Australians purchasing property.???
Is it as complex as Bali.???

suzie Arcadipane

July 8, 2017 at 16:51

Perhaps you could steer me in the right direction for finding out reletive laws.


July 11, 2017 at 10:09

Hi Suzie,
Thanks for your question,
I am not sure what the foreign ownership laws are in Bali or how Thailand compares, but I can tell you the following:
As a non-Thai, you can own a condominium licensed property directly in your own name, much as you would own a property in Australia.

As a non-Thai you can own a building (eg villa) directly in your own name but not the land that it is situated upon. You can however lease the land in 30 year increments, and you can also be a shareholder and director of a Thai Ltd Co., that can own the land.
I will send you an email with details of a reputable lawyer who can better explain each ownership option.

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