BUY A LAND IN KOH SAMUI

 

Property titles in Thailand

 

In principle, foreigners are not allowed to buy a land in Thailand and benefit from a full property. By contrast, they can own the property built on the land and according to different models.

 

The most common for investing in Thailand is the « Lease », when you can benefit from the use of the land to build a villa.

In this lease situation of 30 years maximum, renewable 2 times, on the condition to be agreed beforhand with the land owner, and to be registered at the Land Department

 

The Freehold, or full property, allows the owner the full rights to have the land at its disposal. More complicated to set up, it guarantees rights to the owner similar to the ones we know in Europe.

 

Public limited companies registered in Thailand with majority shareholding for a Thai party (51% or more) are able to buy lands in Thailand, meaning the land is owned by the company and not by a natural person.

 

It is common for foreign citizens to invest in Thailand, to acquire a property as a minority shareholder in a company, whose capital is hold in majority by Thai people.

This solution can be considered under certain conditions, and need a strict legal framework. It must be driven by an expert legal counsel, specialized in the real estate investments for foreigners.

 

Regardless the way you will wish to invest in Thailand, we highly recommend you to conform to the standard accounting, taxation, and administrative principles of the country. Know that any cost due to a real estate investment in Thailand has to be considered as negligible compared to the ones we know in Europe.

 

The FETF (Foreign Exchange Transaction Form) will be provided upon receipt of the transfer of your funds for financing your investment. It will give you the guarantee to return the transferred funds back to its original country, without impacting your taxation.

 

Land titles in Thailand : what you have to know.

 

There are generally four types of land titles in Thailand. They are all an evidence for the ownership of the land, rights, or any other interests according to it when your property will be built.

 

« Chanote » is the highest title offering the best guarantees. Established by the government, it delimits the positionning and surface by GPS.

It is the safest and most recommended title for an investment in Thailand. It even so requires to confirm its origin and history, as well as the restrictions that may be attached.

 

« Nor Sor Kor » is a confirmed certificate of use to have a land in Thailand. However, it cannot be sold, leased, or mortgaged, and the beneficiary user must use this enjoyment on a regular manner.

 

« Nor Sor Sam » is similar to the Nor Sor Kor without certification. Public notices for example have to be executed before any change in the status.

 

« Sor Kor Nung » is a certificate of ownership without clarifying the rights attached to it. This certificate is extremely complicated to transfer, so is too risky and present no interest for a foreign investor.

 

Land surface in Thailand : a different unit, the RAI

 

1 Talang Wah = 4m2

1 Ngan = 100 Talang Wah = 400m2

1 Rai = 4 Ngan = 1600m2

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This section is dedicated to Koh Samui and its locations.

 

You will be more familiar with them, and it will give you an idea in which area you want to find your land/property.

 Koh Samui is a little piece of paradise located in the Gulf of Thailand. Well known for its white sandy beaches, its abundance of coconut palm trees, as well as an amazing atmosphere, Koh Samui has grown significantly over the last decade, making it the perfect place for a valuable and safe investment on lands and properties.

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CHAWENG

This is the first touristic destination. Famous for its nightlife, and for being the most beautiful beach of the island. Chaweng Noi is well appreciated by investors for its location half way between Lamai and Bophut.

              

LAMAI

Second touristic destination, Lamai is as famous as Chaweng for its nightlife, having more live bars than clubs. Very popular area with a big demand for lands. Ideal for French expatriates as the French School of Samui is located in this area.    

   

BOPHUT

In the continuity of Lamai and Chaweng, located in the north of Samui, Bophut is as famous as those two areas. Mostly liked for the Fisherman’s Village and its walking street. Calm place with many shops and high quality restaurants on the beach. Expatriates will appreciate the International Cambridge School for their kids.

              

MAENAM

Renowned for its long and beautiful beach, Mae Nam is located in the north of the island. This quieter area is perfect for finding tranquility and enjoying the nature.

              

LAEM SET

One of the most beautiful area/view of the island. Quiet atmosphere in a beautifully tropical area, it benefits from its proximity to Lamai (5km away).

              

THONG KRUT

Located in the south of the island, the Thong Krut area is more and more developing. Renowned for having the most beautiful sunset, you will find the best value for money on lands. Many luxury beachfront properties and villas on the hills.

 

LIPA NOI

At the exact opposite of Chaweng, Lipa Noi does not seem so attractive. However, you will find the calmness far away from nightlife, and you can also make remarkable deals in this area, such as owning a beautiful beachfront for a very reasonable price.

              

CHOENG MON

Located in the north east, this area is perfect for people who want to live the Chaweng life while staying in a quieter place. Half way between Bophut and Chaweng, Choeng Mon is very well located and benefits from all the most popular areas around it.

              

TALING NGAM

Located in the south west, close to the Thong Krut area, Taling Ngam is perfect for people looking for a quiet area, with beautiful beaches, creeks and sunset.