Koh Phangan property and real estate
Buy your dream Koh Phangan property with a pool
As the island's popularity increases the real estate market grows stronger, and there are now pre-built and off plan villas for sale all over the island, as well as land in varying locations from beach front to mountain view. Prices are lower than on the busier sister island of Koh Samui, attracting those looking for a piece of paradise with a smaller price tag.
Although Thai law clearly stipulates that foreigners cannot own land, there are ways to overcome this issue with the necessary expert support from a reputable law firm. The most popular solution is a long term renewable lease agreement (such as a three times, 30-year lease), which can be drafted to include a clause which will allow the investor to purchase outright if and when the laws are changed.
The other most used method is the creation of a majority owned Thai private limited company which acts as a vehicle to purchase the land. And investors should tread carefully when selecting a construction company, ensuring their reputation is solid as well as visiting previous projects.
It is essential that potential investors keep abreast of all updates and changes to the laws and regulations for foreign ownership in Thailand, and that all land titles are thoroughly examined by a reputable law firm who can help ascertain the most effective purchasing solution, whether it is for a leasehold or freehold investment.
The facilities and amenities available to Koh Phangan property speculators improve every year, and so does the value of the land. Beaches around Thong Nai Pan are particularly well sought after, attracting as they do high-end tourism.
A growing proportion of holidaymakers have realised that Koh Samui is now victim to gross over-development and the obvious environmental degradation that accompanies this, and so are choosing to come to Koh Phangan as an alternative.
Beachfront property in Koh Phangan comes at a premium with large resorts buying up anything that comes on the market and very little for private homes. Hillside locations away from the beach represent the best value, and here there can be stunning views ust a few minutes’ drive from the coast.
Off-plan investments also offer the best value-for-money when considering Koh Phangan real estate, with great discounts available as well as easy-payment plans as well. The general rules about ‘location, location, location’ are not quite as resolute in a tropical island such as here with so much beautiful nature to enjoy in all quarters.
Recommended Koh Phangan property developers
Samuiland: A family-run rental agency offering friendly service and a wide range of Koh Samui villas in Chaweng, Lamai, Choeng Mon, Lipa Noi and elsewhere. 63/94, Moo 5, Choeng Mon, mob: 085 906 2630, email:reservations@samuiland.org.
Village Green Development: With more than eight years of experience building on Koh Phangan, Village Green is the island’s foremost construction and development company. Environmentally-minded projects are the firm’s speciality houses and lots for sale or lease on a variety of completed and off-plan sites. Thongsala, Tel: +66 (0)77 238589.
