PHUKET - BANGKOK - PATTAYA
Charter
Sales & Service
Brokerage
P50
V CLASS SPORTS YACHTS: FLYBRIDGE MOTOR YACHTS:
P62
V42 42
V45 50
V48 54
V53 58
V58 62
V62 67
V65 21M
V70 V78 V85 23M 85MY 95MY
Phuket Sales Office M: +66(0) 81 9583488 , +66 (0) 81 9799911 E: info@boatlagoonyachitng.co.th Phuket Service Office M: +66(0) 80 1446473 E: service@boatlagoonyachting.co.th Pattaya Office M: +66(0) 87 8276152 E: pattaya@boatlagoonyachting.co.th www.boatlagoonyachting.co.th | www.boatlagoonyachting.co.th/charter
The past year has been a rollercoaster for most of us. Increasing oil prices, global financial crisis and various property markets around the globe were feeling the effects of the global financial crisis to varying degrees. While property values in most European markets decreased and stock markets lost dramatically Thailand still proves are save haven for investors. Despite all those negative conditions the resort property markets in Thailand were and are still on the rise. Prices are constant or continue to increase and we see a much more sophisticated market developing. Resort properties are still in great demand by overseas investors and the wheat is sorting from the chaff. Quality developments are still proving successful and investors are seeking for opportunities to diversify their portfolio from tumbling stocks to more substantial investments into real estate.
I expect a full recovery of Thailand’s economy and stabilization within the next 6 months and positive signs from the new Thai government with regards to foreign investment into Thai real estate such as extension of the leasehold period or changes in the foreign quota for condominium projects. We also pursue our proposed THAILAND SECOND HOME PROGRAM which aims at privileges for foreigners in terms of health care, immigration, property financing and more. With this edition of our magazine we are therefore presenting exclusive projects from all three resort destinations, Koh Samui, Phuket and Pattaya and from now on we will focus our research, property listings and lifestyle features on all three areas.
We are looking forward to new opportunities in the near future and to open more branches under the Thailand This time of crisis Thailand Estates Estates brand while expanding our global Corporation used to expand into new network at the same time to offer our markets to meet the demand of properties customer unrivalled service. beyond the island of Samui. We have seen that many buyers are looking in different markets and as a result we decided to open new branches to meet the demand for professional real estate services. With new operations in Phuket and Pattaya our local network now comprises of 3 successful offices. This enables us to use leverage for projects within our networks but also gives us the chance to serve our customers in more than one location.
Editor:
Steve Bevan Marketing:
SEC Media Co., Ltd. Graphic Designer:
Narinthip Jutin Worawut Timwon Printing Coodinator:
Narinthip Jutin Photographer:
Jiraphol Rikshasuta (Rang) Distribution:
SEC Media Co., Ltd. T.E.C. (ASIA) CO., LTD. Samui Branch:
5/5 Moo 6, Bophut, Koh Samui, Suratthani 84320, Thailand T: +66 (0) 77 414 222, 414 333 F: +66 (0) 77 414 321 Phuket Branch:
1Plaza Del Mar Building Room no.112, Pasak – Koktanode
Road, Cherngtalay, Thalang, Phuket 83110 Thailand T: +66 (0) 76 318 282 F: +66 (0) 76 318 288 Pattaya Branch:
573/78-79 Moo 5, Soi Naklua 25, Naklua, Banglamung, Chonburi 20150 Thailand T: +66 (0) 038 412 232, 038 412 221 F: +66 (0) 38 370 762
Chaiyakarn Sudampanthorn (Heng) Chief Executive Officer, Thailand Estates Corporation
FRONT COVER: NAPA - Koh Samui Thailand Estates Corporation is a corporate real estate publication aimed at investors interested in Koh Samui. It features many articles & in-depth real estate studies as well as hard factual information including high-quality listings of projects and land available on Koh Samui. The publication is quarterly and is distributed all over Koh Samui and is available online at
www.ThailandEstates.com.
Issue17: January - March 2009
CONTENTS 58
12 48
17
20 PROJECT REVIEWS
Pattaya Condominium: This condominium building is centrally located in a prime area of Pattaya. Only 24 units are for sale and have been completely refurbished with quality interiors...page 63
TEC Exhibitions Samui Hotspot Phuket Hotspot
06 12 48
PROJECTS
30
COVER STORIES
Private island for sale: This is a true island lovers paradise and would ideally suit the..page 10 Branded properties : When investing in resort properties, there is generally one golden rule..page 42 Sri Panwa: One of Phuket’s foremost luxury resorts introduces its new selling phase of residential villas and its signature restaurant Baba...page 56
Company Profile
07
Interior Ideas It’s a Beautiful World
19
Private Islands for Sale Branded resort properties Property Comparison
Buyers Guide for Property Investment in Thailand 46
10 42 58
Suriyan Heights
14
CD&P
15
Mont Tara
16
Chaweng Villas
17
Villas Aelita
50
Richmond Group
52
Sri Panwa
56
Pattaya Condominium
63
LISTINGS Commercial Listings
20
Residential Listings
24
Land Listings
30
Luxury Rentals
36
Rentals Listings
38
Classified Listings
40
Directory
64
Phuket Listings 51
TEC EXHIBITION I
MAIN EVENTS
BANGKOK PROPERTY EXHIBITION Bangkok, Thailand
A PLACE IN THE SUN London, U.K.
THAILAND INTERNATIONAL PROPERTYINVESTMENT EXPO Bangkok, Thailand
MOSCOW INTERNATIONAL PROPERTY SHOW Moscow, Russia
PIC EXHIBITION Phuket, Thailand PHUKET REAL ESTATE OUTLOOK CHALLENGER & OPPRTUNITIES Phuket, Thailand PHUKET BOAT AND PROPERTY EXHIBITION Phuket, Thailand
6 THAILAND ESTATES PROPERTY GUIDE I www.ThailandEstates.com
INTERNATIONAL PROPERTY SHOW Dubai, A.E. SMART INTERNATIONAL PROPERTY EXPO Singapore & Hong Kong
I COMPANY PROFILE
THAILAND ESTATES C O R P O R A T I O N
Your Global Thai Connection Thailand Estates is a successful, well established real estate brokerage firm providing turn key commercial, residential, management, acquisition and project sales services to its clients and partners. Our firm’s dedication, vast experience, and comprehensive range of services, ensures that all our clients receive a competitive edge in the complex world of real estate investment. We at Thailand Estates take pride in providing an unsurpassed array of residential real estate services to buyers, sellers, investors, developers and those looking to build their dream home. Our residential division property associates have extensive local knowledge and experience in all
areas of residential real estate transactions. When buying or selling your home or investment property, call Thailand Estates. Land Acquisition & Development Retail, Office and Industrial Sales & Leasing Marketing / In-Depth Analysis Consulting Residential Investment Services Project Sales & Marketing “Our success can, in part, be attributed to providing each of our clients with our undivided focus and attention. We are known for our outstanding service and strive to create customers for life”.
www.ThailandEstates.com I THAILAND ESTATES PROPERTY GUIDE 7
COMPANY PROFILE I
Valuation, Research, Development and Consultancy With an unrivalled coverage of the island and strong local contacts, Thailand Estates is well placed to assist prospective investors who are looking for more than a “brokerage” service. Thailand Estates’s consultancy services include land use studies, redevelopment advice and detailed feasibility studies. With combined experience of over 17 years in Samui as well as the international real estate market worldwide, our team has the expertise required to offer practical advice to clients on these issues. By conducting regular market research we are always on top of trends on the island giving us a distinct edge over our competition. “The rapid and continuous growth on Koh Samui over the last few years has brought it to the world’s attention and with that has encouraged both government investment to improve infrastructure and private investment such as the new Santiburi Golf Course, Private Hospitals and The Four Seasons Hotel which are set to encourage further growth and stimulate tremendous real estate demand offering client’s unprecedented investment opportunities.”
“In-depth local market knowledge and transactional experience places Thailand Estates in a unique position to offer advisory services to investors interested in Koh Samui” Chaiyakarn Sudampanthorn (Heng) Chief Executive Officer
Corporate and Investment Relations
After a comprehensive consultation regarding your circumstances, we will help you make the right decision with investment or disposal in commercial property. Our primary focus is on sizeable land acquisition for developers, Hotel acquisitions, serviced apartments and condominiums. Thailand Estates is uniquely exposed to various investments and opportunities across Thailand. We concentrate on maturing tourist hotspots such as Bangkok, Phuket, Koh Samui and Pattaya. We have privileged local contacts so together with careful planning and knowledge of your requirements we will recognise if these opportunities are right for you. This is where we step in to assist. We will pre-screen opportunities before they are even presented to you. You can count on us and let us help you make the right choices!
“After a comprehensive consultation regarding your circumstances, we will help you make the right decision with investment or disposal in commercial property. Our primary focus is on sizeable land acquisition for developers, Hotel acquisitions, serviced apartments and condominiums.” Chaiyakarn Sudampanthorn (Heng) Chief Executive Officer
Project Development Department The success of our previous projects is a testament to the capabilities of Thailand Estates’s Development Department. With it’s own in-house contour and survey department and with outsourcing to only the most reputable construction companies and architects any project Thailand Estates undertakes is in more than capable hands from start to finish.
We can also provide you with a wide range of advisory services designed to help clients and asset seller’s benefit from our experience and specialist expertise.
8 THAILAND ESTATES PROPERTY GUIDE I www.ThailandEstates.com
“We in the development team are here to engineer the most
effective and profitable
developments for our clients in order to maximize investor returns.”
Babthai Saithong (Rose) Development Manager
Marketing Services and Project Marketing Consultancy Services Our consultancy services are tailored to meet individual client needs and cover marketing research, audits, strategy, planning and implementation. Research/Audits • Evaluate market sectors to identify needs and opportunities • Competitor analysis • Customer attitude surveys • Evaluation of existing marketing operations Strategy/Planning • Define market opportunities • Formulate objectives • Prepare marketing plans • Develop marketing communication plans & budgets Implementation • Assist with implementation of marketing plans • Produce & manage promotional campaigns • Provide on-going mentoring/ support to develop and grow your business through the application of effective marketing • Support from the TEC International Network
I COMPANY I ARTICLE PROFILE
“An asset in today’s strategy can become a liability in tomorrow’s market. An effective marketing concept addresses these changes.” Chaiyakarn Sudampanthorn (Heng) Chief Executive Officer
We can help you find the most suitable location for your business and work together with landlords, developers and retailers to obtain the most attractive package for all involved. We can also manage your commercial property, from small, individual units to entire commercial complexes.
“Our aim, in light of the fact that the majority of our clients are absentee landlords, is to maximize the returns on their property whilst ensuring that their tenant’s needs are fully catered for.” Chaiyakarn Sudampanthorn (Heng) Chief Executive Officer
Residential Sales Thailand Estates has an established reputation as the premier and only licensed and certified agency for residential property on Koh Samui. Since the start of the boom a few years ago Thailand Estates has been recognised as the benchmark that other firms aspire to. Catering for both expatriates and locals Thailand Estates offers complete sales packages, property searches, negotiation and legal referrals for both buyers and sellers of small to large scale properties.
“The undeniable power of Koh Samui’s growth has split the international investors into two groups: those with investments in Koh Samui, and those planning investments in Koh Samui.” Vincent Brun Sale Manager
Commercial Services Our commercial services team draws on it’s combined experience and knowledge of the market place to assist clients.
“Thailand Estates’s dynamic and innovative team provides clients with a wide range of services ranging from consulting, consolidating existing schemes and leasing onbehalf of a tenant and landlord.” “Our principle is that we are not just leasing the building but giving life to it. Our aim is to achieve an attractive tenant mix which creates a successful retail operation.” Vincent Brun Sale Manager
Land Acquisition With an unrivalled coverage of the island and strong local contacts, Thailand Estates Corporation is well placed to assist prospective investors who are looking for more than a “brokerage” service. Through our local office in Samui, we have access through our vast resources and contacts to assist us in procuring real estate land acquisition opportunities. We can assist you from the initial stages of procuring the land, to obtaining all necessary permits and zoning requirements for your project. In some instance we may have an inventory of land that is already zoned for residential or commercial development. Whether you are looking for property to develop a residential project, resort or hotel development, our firm can assist you every step of the way. Our land acquisition services will assist you in finding the raw land that is right for your project and how to maximize your international real estate acquisition.
Residential Leasing Thailand Estates’s rental department is continuously adapting to fit to the growing rental market on Koh Samui. With new developments springing up every day it requires an efficient team to acquire the latest luxury villas onto Thailand Estates’s listings as we aim to offer the widest range of rental properties on the island. Whether you are looking for a stunning sea view villa for your holiday or for residential housing for the short or long term we have a broad selection of properties. Our Villa Paradise section in this magazine features some of the most luxurious villas available.
T.E.C. (ASIA) CO., LTD. Samui Branch:
5/5 Moo 6, Bophut, Koh Samui, Suratthani 84320, Thailand T : 077 414 222, 077 414 333 F : 077 414 321 Phuket Branch:
1Plaza Del Mar Building Room no.112, Pasak – Koktanode Road, Cherngtalay, Thalang, Phuket 83110 Thailand T : +66 (0) 76 318 282 F : +66 (0) 76 318 288 W : www.ThailandEstates.com E : contact@thailandestates.com
www.ThailandEstates.com I THAILAND ESTATES PROPERTY GUIDE 9
ARTICLE I
Koh Tae Nai Island Private Island Living
The notion of owning a private island conjures up daydreams of sun-kissed beaches, hammocks strung between palm trees, blissful quietness and total privacy. But it’s just a dream unless you’re rich, right? A private island is more than just a status symbol for the Richard Bransons and Larry Pages of the world, it is the ultimate retreat from the stresses and demands of today’s 9-5 rat race. From there, the sky (and the ocean) is the limit. Start saving now– and continue reading below on how you can buy your own little piece of paradise… Located 400 Metres off the southern coast of Koh Phangan. The island of Koh Tae Nai has just recently been introduced onto the market for sale.
Koh Phangan
The 98 Rai (39.2 Acre ) Island commands untouched golden sandy beaches and surrounded by thriving coral reefs, is the only Island of its kind for sale within the Gulf of Thailand. This is a true island lovers paradise, and would ideally suit the development of either a 6 Star Hotel or one of the most finest private island residence in the whole of South East Asia..
Koh TaeNai
This truly, one of a kind island is currently offered on a 30 Year Lease with a price tag of 600 Million THB ( 17.6 Million USD ), which considering neighbouring beachfront plots on the adjoining mainland are currently being marketed at 25 Million THB a Rai, we anticipate this island will not be on the books for long. For further information or a VIP private viewing of Koh Tae Nai, please contact Thailand Estates Corporation.
10 THAILAND ESTATES PROPERTY GUIDE I www.ThailandEstates.com
Property I EDITORIAL
T.E.C. (ASIA) CO., LTD. 5/5 Moo 6, Bophut, Koh Samui, Suratthani 84320, Thailand T : +66 (0) 77 414 222 or 414 333 F : +66 (0) 77 414 321 E : contact@thailandestates.com W : www.ThailandEstates.com
www.ThailandEstates.com I THAILAND ESTATES PROPERTY GUIDE 11
PROPERTY HOTSPOT I Choeng Mon
SAMUI HOTSPOT Beverly Hills of Samui
Located towards the east of the airport you will find a charming area of the island called Choeng Mon. The town itself consists of a series of bays featuring pristine white sandy beaches. Although only approximately 10 minutes north of Chaweng and 5 minutes from Big Buddha, the prevailing coastline has kept the beaches quiet and the waters clean.
Choeng Mon is one of the smallest of Samui’s tourist beaches, but lies in a secluded bay, making it perfect for those who want peace and tranquility. It is a very family orientated and friendly area and is dominated by a handful of resorts/ hotels ranging from three to five star, relatively upmarket. Choeng Mon has been one of the first areas in
Samui to welcome foreign investors and is now one of the most developed. Named the “Beverly Hills” of Samui, Choeng Mon is dedicated to the high-end market; with plenty of developments overlooking the sea and offering the most outstanding views. Choeng Mon remains the favourite area for investors; with an average capital appreciation of 15% per annum over the past 5 years, the
T.E.C. (ASIA) CO., LTD. 5/5 Moo 6, Bophut, Koh Samui, Suratthani 84320, Thailand T : +66 (0) 77 414 222 or 414 333 F : +66 (0) 77 414 321 E : contact@thailandestates.com W : www.ThailandEstates.com
12 THAILAND ESTATES PROPERTY GUIDE I www.ThailandEstates.com
area is really one to take into consideration. Even if Choeng Mon is one of the most expensive areas on Samui, it still has huge capital appreciation potential and is a favorite for investors. Investing here may cost you more money than investing in the South but the return on investment is second to none on the island.
Choeng Mon I PROPERTY HOTSPOT
Narayan & Jantara Heights Narayan and Jantara Heights are 2 successful land developments offering stunning sea views overlooking Koh Matlang and Chaweng Bay. Ideally located with an equal distance from Chaweng and Choeng Mon, the project was fully sold out 2 years ago and now construction of million dollars homes is well ongoing.
Karma Samui Karma Samui consists of 34 luxury 3 and 4 bedroom villas. All villas have private pools and are within an established luxury villa resort of over 1.5 years running. The project is being managed as a 5 star boutique resort thus providing excellent rental returns. Villas have been sold with starting price of 850,000 usd up to 2.5 million usd for the beachfront villas.
NAPA Napa is perched above Choeng Mon Beach on Koh Samui’s secluded north coast featuring ten substantial private ocean view residences overlooking the magical white crested Koh Matlang. Napa offers a fabulous opportunity to own tropical luxury property of substance in a highly desirable oceanfront estate. Recently, the design/ development team completed the now sold-out Samujana, a nearby project of similar scale. These 3-4 bedroom villas are priced between 1.8 and 2 Million usd.
The Park However, middle priced developments start appearing in the area with the recent completion of The Park, a condominium development consisting of 24 units, with 80% sold already; with a selling price of 40,000THB per sq.m, this market is definitely flourishing and similar developments will rise in the area.
www.ThailandEstates.com I THAILAND ESTATES PROPERTY GUIDE 13
PROJECT I Suriyan Heights
Available now to agents
Actual view to Koh Samui from Suriyan Heights project, Haad Rin, Koh Phangan
Suriyan Heights 1.25 Rai
9 Million THB per rai Free Architect Drawings!!
U
ntamed beauty and beaches of the purest sand are some of Koh Phangan’s charms. This idyllic, gradually developing island is synonymous with a relaxed, easy way of life and is increasingly favoured by Westerners both as a holiday destination and as a place to live. Prices are some of the lowest in the region and represent an outstanding opportunity to invest. Koh Phangan will be the next area to be developed after Koh Samui and represents an equally fine alternative. The island is up and coming and amongst its’ many modern conveniences you will find abundant water supplies, good ferry services and paved roads.
Just eight homes are to be built here and already seven plots have been sold. This is a chance to actually own a dream tropical beach with both sunset and sunrise views.
14 THAILAND ESTATES PROPERTY GUIDE I www.ThailandEstates.com
Thailand Estates Corporation is developing 10 rai of some of the most stunning land plots in Thailand right on Koh Phangan’s south coast. Imagine a shoreline house with 25 meters of sea frontage. Across the water you will have a direct view of Koh Samui and behind you sloping hillside land with lush vegetation. Just eight homes are to be built here and already seven have been sold. Of the original eight plots, six are now being marketed for resale as the owners wish to realise their profit of the past two years land appreciation. This is a chance to actually own a dream tropical beach front property with both sunset and sunrise views. Full infrastructure will be part of the purchase: an 8 meter concrete road as private access, 3 phase underground electricity and water supply. The price is 8 million Baht per rai. SOLE AGENT Thailand Estates Corporation T : +66 (0) 77 414 222 or 414 333 F : +66 (0) 77 414 321 E : contact@thailandestates.com W : www.ThailandEstates.com
PROJECT I Mont Tara
Available now to agents
Selling Fast...Over 80% Sold Out!
Mont Tara Starting From 2.4 Million THB Mont Tara is considered one of the most successful land developments ever made on Koh Samui. There are now only 12 plots left
B
eautiful, tropical views enjoyed on the North coast of Koh Samui dominate this incredible thirty rai piece of land situated in Bophut. Ten minutes from all amenities, including the famous Fisherman’s Village with its fine dining restaurants, Chaweng’s shopping centres and Choeng Mon’s silky white beaches.
There are now only 12 plots left in the developments and the project is expected to be sold out within the next 6 months as more and more astute investors are showing their interest.
The unobstructed and awe inspiring views take the dreamy eye across to Koh Phangan. Full infrastructure is provided as well as an 8m concrete road Perfectly suitable concept for you to build and realise your dream home..
Thailand Estates Corporation is proud to announce that a 8-metre wide concrete road now connects the main Samui Ring Road to the entrance of the project thus making Mont Tara the most accessible sea view development in Bophut!!
Do not miss this unique opportunity to own your piece of paradise.
It is now the right time to invest in Mont Tara before another 10% price increase. Construction on some plots has already started SOLE AGENT Thailand Estates Corporation with one already completed. Mont Tara is considered one of the most successful land developments ever made on Koh Samui.
16 THAILAND ESTATES PROPERTY GUIDE I www.ThailandEstates.com
T : +66 (0) 77 414 222 or 414 333 F : +66 (0) 77 414 321 E : contact@thailandestates.com W : www.ThailandEstates.com
I ARTICLE
www.ThailandEstates.com I THAILAND ESTATES PROPERTY GUIDE 17
Beautiful World I EDITORIAL
Interior Ideas
It’s a Beautiful World Inspired by the east with the western home in mind Furnishing and decorating a property is what ultimately brings it to life. Despite how well or creatively designed a living space is, it’s the props and accoutrements of everyday living that allow a home to breathe with a life force all of its own. Just how this is done - the acquiring of what and the placing of it where - is the subject of much thought and, to some, hours upon hours of conversation. Naturally, when it’s the environment you’re going to live in you want to get it right. And if it’s a space you are creating for someone else to live in there is even less margin for error. So what to do when you’ve mastered the walls, floors and fittings but acquiring the items needed to make use of an abode is outside of either your schedule or your frame of reference? Well, a number of customer focused furniture and home accessory providers are providing customised responses to just such a need, offering to tailor orders of any size and of almost every household item - including designing unique items especially - to match the décor of their destination and the tastes of the customer. While still offering retail sales, these outlets generally deal in wholesale, taking orders of almost any size - from a living
room to a multi-story hotel - and weighting prices against the size of the order. They can operate on margins as little as 10% on large volume drop shipment orders utilizing their contacts throughout Asia. One final comprehensive supplier of quality furniture and home décor products is Beautiful World Furniture and Interiors, who have outlets in Phuket, Koh Samui, Koh Phangan and Hua Hin. “Inspired by the East with the Western home in mind” is their slogan, which is true in both materials and design. “A fair amount of our products are original designs,” explains Pafi Nunyakpe, Beautiful World’s Sales Director. “However, with our extensive client base coming from the UK, USA, Europe, Hong Kong and the Middle East, these individuals bring different ideas and styles that they would like us to emulate. There is a lot of fusion between the designers and the individual customers’ requests.” Whether it be indoor or outdoor furniture, interior finishings or Wholesale export orders, Beautiful World prides itself on delivering superior products and service, whilst preserving the planets resources, by only using timber
that comes from environmentally friendly FSC sources. To ensure exceptional products, Beautiful World utilizes there extensive experience, sourcing only the finest in specialty items from around the world from locations such as Java, The Philippines and Vietnam ensuring they bring you the best product at the best price!.” Beautiful World will look to open their fourth showroom in Kalim, Phuket early January 2008 For those to whom furnishing a property is more chore than cheer, not to mention commercial operators with more important tasks to focus on, the option is there to choose between the experts instead. For further information, please call: Phuket : +66((0)819560337 Samui : +66(0)77427334 Hua Hin : +66(0)32520639 Phangan : +66(0)819791483 or please visit www.beautifulworldthailand.com
www.ThailandEstates.com I THAILAND ESTATES PROPERTY GUIDE 19
SAMUI
COMMERCIAL LISTINGS
Choengmon
BS191007 ● ● ● ● ● ●
Plot: 3,020 sq.m. 3 Bedrooms Close to the beach 18-hole mini golf course 38-seat bar & restaurant Company owned
1.2 Million Euros ● 2-storey house ● 3 Bathrooms ● Investment opportunity ● 2 extra apartments ● Successful business, easy to manage ● Company included
Taling Ngam
BS341843 ● ● ● ● ● ●
From 566,000 THB yearly progressive rent Operating for 2.5 years Fishing resort including vast lake Bar/restaurant/kitchen/seating area TV projectors & sound system Parking area
20 THAILAND ESTATES PROPERTY GUIDE I www.ThailandEstates.com
15 Million THB/Key Money ● 16-Year Lease, renewable ● Plot: 12 Rai (19,200 sq.m) ● Boat accommodation facilities ● Managers quarters ● Inventory & financials provided on request
SAMUI
COMMERCIAL LISTINGS
Chaweng
Chaweng
Chaweng
BS341765 2.5 Million THB/Key Money
BS03308
16.5 Million THB
BS341820 23 Million THB/Key Money
● 9 Year Lease ● 25,000 THB/Month ● Successful bar ● In the heart of Chaweng ● Brand new design ● High quality equipment ● Sound system speakers ● Bedroom, toilet & terrace
● 2 Bungalows ● 1-2 Bathrooms ● Cable T.V. ● Fully occupied
● 4 Apartments ● Air-con ● Fully furnished ● Excellent location
● 129,000 THB Average Monthly Rent ● 10-Year Lease ● 16-room hotel ● Brand new offer ● Original design ● Perfect location ● Free access to 2 pools ● Access to the beach ● Internet & media centre
BS34503
Chaweng
14 Million THB
● Living: 480 sq.m. ● 12 Bedrooms ● 12 Bathrooms ● Coffee bar/kitchen ● Reception area ● Close to the beach ● Centrally located hotel ● Lease options available
Bophut
Chaweng
BS34589
35 Million THB
● Resort with pool ● 2 One-bedroom units ● Lounge area/kitchen ● Air-con
● 8 Two-bedroom units ● Fully furnished ● Bathroom/balcony ● Garden/parking
Bophut
BS341706 27 Million THB/Key Money
BS99301036
● Fully operating hotel ● 7 Fully furnished rooms ● Swimming pool ● Very close to the beach ● Restaurant ● Bar area ● Lease options also available ● Exclusive location of Fisherman’s Village
● Yearly rentals: 0.9–1.3 Million THB ● 19-room hotel ● 17-year lease contract ● Swimming pool ● Across from the beach ● Exclusive location ● Fully equipped restaurant ● 3 Retail shops
● Plot: 1,600 sq.m. ● Air-con bedrooms ● Communal pool ● Pool table ● Open to offers
Choengmon
40 Million THB
● Plot: 3,040 sq.m. ● 32-Metre beachfront ● 5 A/C Bungalows ● From 25 to 95 sq.m. ● Open air kitchen ● 13m * 8m pool ● 2 Salas & waterfall ● Double car port ● 2 Phase Electric & Deep Well
BS301844
Taling Ngam
Price on application
● Plot: 7,360 sq.m ● Beachfront 5-star resort ● 11 Jacuzzi Rooms ● 6 Jacuzzi Villas ● 2 Spa Suites ● 4 Beachfront Pool Villas ● Bar & restaurant ● 30 * 7 metre pool ● Communal gym/fitness
22 THAILAND ESTATES PROPERTY GUIDE I www.ThailandEstates.com
15 Million THB
● 5 Houses ● Swimming pool ● Kitchen ● En-suite A/C bedrooms ● Tropical garden ● Lounge/dining area ● 1 & 2 Bedroom apartments ● Within easy reach of the beach
BS341671 25 Million THB/Freehold
BS061136
Bophut
BS501048
Bang Rak
14.9 Million THB ● 11 Bungalows ● Wi-fi/phone/TV ● 60 Sq.m. each on 2 floors ● Parking ● Close to the airport
BS34641 ● Plot: 3,200 sq.m. ● 10 Rooms ● Swimming pool ● 200 Sq.m. yoga hall ● Restaurant & shop
Koh Phangan
32 Million THB ● 6 Bungalows ● 30-Metre beachfront ● Herbal steaming sauna ● De-tox programmes ● Internet café & wi-fi
Beautiful World I ARTICLE
RESIDENTIAL LISTINGS
HS341623 ● ● ● ● ●
Built: 120 sq.m Master bedroom with seaview Bedroom with shower Large open living/dining room/equipped kitchen Big terrace with stunning seaview
● ● ● ● ●
Chaweng
5.2 Million THB
Price decreased from 5.9 to 5.2 Million THB Communal swimming pool 24/7 Security - Car park Underground electricity A few minutes from Chaweng Beach
Chaweng
HS341661 ● ● ● ● ● ●
Built : 290 sq.m. ● Villa + Guest bungalow : 5 bedrooms ● Private pool with Jacuzzi ● Quiet residential area ● Satellite TV/ High Speed Internet ● Storage room
24 THAILAND ESTATES PROPERTY GUIDE I www.ThailandEstates.com
15.5 Million THB
Plot : 924 sq.m. Large open living area with American kitchen (87sq.m) Beautiful tropical garden Parking for 3 cars / automatic sliding gate Own deep well
SAMUI
Choengmon
HS341644 ● ● ● ● ●
Built: 150 sq.m. 3 Bedrooms & 3 Bathrooms Western kitchen Onsite fitness, restaurant & library Optimal location
● ● ● ● ●
28.9 Million THB
Plot: 400 sq.m. Vast living room Sea view swimming pool Direct access the beach Great rental returns to be expected
Bang Por
HS341660 ● ● ● ● ● ●
Built: 1,000 sq.m. Land title: Chanod 4 (+1) Bedrooms/5 Bathrooms Large kitchen/bar/dining room Deluxe decoration/art/equipment Swimming + plunge pool/ Vast 430 sq.m. terraces
● ● ● ● ● ●
45 Million THB
Plot: 1,600 sq.m. Unique Western design villa Beautiful sea & island views/Ideal Northern orientation Lounge/home cinema/billiard Luxurious landscaped gardens Easy access, 5 min. walk to the beach www.ThailandEstates.com I THAILAND ESTATES PROPERTY GUIDE 25
RESIDENTIAL LISTINGS
Bang Makham
HS99301135 ● ● ● ● ●
Built: 900 sq.m 3 Bedrooms Amazing sea views Infinity edge pool Home theatre
25 Million THB ● Plot: 1,292 sq.m. ● 3 Bathrooms ● Spacious living area ● Jacuzzi / Sala ● Maid room
Thong Krut
HS34713 ● ● ● ● ● ●
3 A/C Bedrooms ● 3 Bathrooms Living room & dining room ● Modern kitchen Swimming pool ● Fully furnished Fully landscaped garden ● Car space 24-Hour security ● Breathtaking sea views Luxury residence, including restaurant & sports facilities
26 THAILAND ESTATES PROPERTY GUIDE I www.ThailandEstates.com
20 Million THB
SAMUI
Bang Khao
HS 341750
29 Million THB
● New concept of mid-size luxury home – only 4 luxurious private villas ● Only 100 meters from the beach ● Built area of each: 400 sq.m., plot size: 800 sq. m shaded by a lush tropical garden ● Exclusive individually designed ¨made for me¨ villas ● Each villa consists of inter-connecting pavilions set around private pool ● Landscaped gardens with water features and big trees ● Master Bedroom Pavilion + 2 Guests Bedrooms Pavilion ● Artistically used terrazzo and marble, designed bathrooms ● Master Bedroom with huge walk-in wardrobe ● Tastefully decorated by handmade motifs, bas-reliefs and sculptures ● All bedrooms include luxurious en-suite bathrooms ● Fine artistic and serious engineer solutions ● Kitchen and Dining Room Pavilion + Living Room Pavilion + Maid room ● Global draining system, individual water wells and 3phases electric ● Fully equipped and luxury furnished secluded home ● Owner finance available. Solid rental yields.
Lamai
HS341688 ● ● ● ● ●
Built: 150 sq.m. Chanod (NS4J) 3 Bathrooms Kitchen Jacuzzi
● ● ● ● ●
6 Million THB
Plot: 400 sq.m. 2 Bedrooms Living room Car port Garden www.ThailandEstates.com I THAILAND ESTATES PROPERTY GUIDE 27
RESIDENTIAL LISTINGS
Chaweng
HS341778
4.5 Million THB
● Built: 280 sq.m. ● 3 Bathrooms/Unit ● Convenient location ● Open to offers
● Price includes 2 townhouses ● 2 Bedrooms/Unit ● Vast living area ● 2 Balconies ● Back & front terraces ● Recently built ● Flexible offer
Lipa Yai
HS341845
7.5 Million THB
● Built: 400 sq.m. ● 3 bathrooms + 2 toilets ● Gym/fitness room ● Vast garden & car port
HS99301120 ● Built: 330 sq.m. ● 4 Bathrooms ● Air-con ● Car park
● Plot: 800 sq.m. ● Living & dining room ● Sauna & 2 Jacuzzi ● Furnished property
● 4 to 5 bedrooms ● Western kitchen ● Huge storage room ● Quiet residential area
Laem Set
22.5 Million THB ● Plot: 1,648 sq.m. ● 4 Bedrooms ● Living room ● Kitchen ● Garden ● Pool/Sala ● Walking distance to the beach
28 THAILAND ESTATES PROPERTY GUIDE I www.ThailandEstates.com
Bophut
HS341786
1.65 Million THB
● Unit size: 27 sq.m. ● Condominium license ● Furniture package ● Terrace
● Studio apartment ● Bedroom/bathroom ● Living room ● Kitchen ● Communal pool ● Sea view fitness ● Underground parking
HS99341119 ● Built: 175 sq.m. ● Bathroom ● Air-con ● Partial sea views
● Plot: 420 sq.m. ● Living room ● Swimming pool
HS341524 ● Plot: 903 sq.m. ● Beachfront luxury villa ● Fully equipped kitchen ● Freeform pool/Jacuzzi
Namuang
5.5 Million THB ● 3 Bedrooms ● Western kitchen ● Garden
Laem Set
39.95 Million THB ● 4 Bedrooms ● 4 Bathrooms ● Open plan living area ● Air-con ● Broadband Internet ● Garden/Sala ● Developer’s finance available
SAMUI
Chaweng
HS341494
7.5 Million THB
● Built: 200 sq.m. ● 4 Bedrooms ● Living room & kitchen ● Landscaped garden ● Thai-style pavilion
● Plot: 800 sq.m. ● 3 Bathrooms ● Storage area ● Swimming pool ● Covered car port
HS341840
8.9 Million THB
Bang Rak
● Built: 128 sq.m. ● 3 Bedrooms ● 2 Kitchens/Living room ● 14-m long swimming pool ● Landscaped garden
● Plot: 652 sq.m. ● 2 Bathrooms ● Fully furnished ● Modern design ● 100 sq.m terrace
HS341626
53 Million THB
● Built: 737 sq.m. ● 7 Bedrooms ● Gym & laundry ● Fully furnished ● 180 sq.m. terraces
HS341504 ● Built: 160 sq.m. ● 2 Bedrooms ● Living room/kitchen ● Air-con ● Pool & Sala
Ban Saket
● Plot: 2,240 sq.m. ● 7 Marble Bathrooms ● Fully equipped kitchen ● 76 sq.m. swimming pool ● Stunning sea views
Lamai
7 Million THB ● Plot: 532 sq.m. ● 2 Bathrooms ● Luxury furnishings ● Terrace ● Outside lounge
HS34632 ● Built: 120 sq.m. ● 3 Bedrooms ● Living room ● Garden ● Quiet location
HS341823
Choengmon
5.6 Million THB ● Plot: 400 sq.m. ● 2 Bathrooms ● Kitchen ● Swimming pool ● Furnished property
Bophut
6.1 Million THB
● Unit size: 92 sq.m ● 3 Bedrooms ● 2 Bathrooms ● Sea view apartment ● Condominium License ● Living room/kitchen ● 2 private balconies ● Communal pool ● Sea view rooftop terrace ● Underground parking
HS341779
Bang Kao
3.5 Million THB
● Price including 2 houses! ● Bathroom ● Landscaped garden ● 1 min drive to the beach
● Bedroom ● Living room ● Kitchen area ● Open to offers
Lamai
HS341806
Choengmon
61-72 Million THB
● Built-up area: 605-855 sq.m. ● Villa plot sizes: 840-1600 sq.m. ● 10 villas for sale ● Panoramic sea views ● Bedrooms: 3-4 ● Vast infinity edge pools ● Open concept living ● Customized furniture
HS341743
Nathon
17 Million THB
● Built: 300 sq.m. ● Plot: 772 sq.m. ● 4 Bedrooms ● 4 Bathrooms ● Sea view living room ● Private swimming pool ● Luxury fittings ● Fully equipped kitchen ● Quiet residential area ● Landscaped garden
HS341628 ● Built: 100 sq.m ● 2 En suite bedrooms ● Dining area ● Large garden ● Parking
Lamai
4.3 Million THB ● Plot: 572 sq.m. ● Living area ● Kitchen ● Big garden ● Close to Lamai Centre
Lamai
HS341825 7.5 Million THB, negotiable
HS341622
● Built: 150 sq.m. ● 3 Double bedrooms ● Large living room ● Convenient location ● Swimming pool
● Built: 250 sq.m. ● Plot: 1,360 sq.m. ● 3 Sea view bedrooms ● 3 Bathrooms + toilet ● Living room & kitchen ● Teak wood floors ● Fully furnished ● Swimming pool ● Close to the beach ● Next to Lamai Centre
● Plot: 492 sq.m. ● 2 Bathrooms ● Western kitchen ● Outside terrace ● Long term lets available
19.5 Million THB
www.ThailandEstates.com I THAILAND ESTATES PROPERTY GUIDE 29
L A N D L I S T I N G S
1 Rai = 1,600 Sq.m.
Ban Tai
LS34621
1.95 Million THB
● Plot: 0.54 Rai ● Hillside location ● Full infrastructure
● Nor Sor Sam Gor ● 24-Hour security ● Gentle slope
● Fantastic sea views ● Concrete road access ● Close to the beach
Baan Thale
LS341827
● Plot: 2,068 sq.m ● Electricity nearby ● Ideal square-shaped flat plot ● Close to the future marina
22 Million THB
● Chanod (NS4J) ● 44-metre sandy beachfront ● Full & easy concrete access road ● 17 Million THB per Rai ● Islands & mainland view ● Quiet area ● One of the few beachfront offers left
30 THAILAND ESTATES PROPERTY GUIDE I www.ThailandEstates.com
SAMUI
LS9930800
● Plot: 9.5 Rai ● Nor Sor Sam Kor ● 87 m. Beachfront ● Nice sunset views ● Panoramic sea views ● Between Haad Rin& Thongsala ● Direct access road from the main public Gvt concrete road
Koh Phangan
6.85 Million THB/Rai
● Topographic survey available ● Water & Electricity available onsite
Don Sak
LS341707
2.5 Million THB/Rai
● Plot: 4,800 sq.m.
● Chanod (NS4J)
● 67-Metre beachfront
● Full infrastructure
● Concrete road access
● Ready to develop
● Good investment potential
● On the mainland
www.ThailandEstates.com I THAILAND ESTATES PROPERTY GUIDE 31
L A N D L I S T I N G S
LS341576
Chaweng
3.6 Million THB
1 Rai = 1,600 Sq.m.
LS341589
SAMUI
Maenam
3.5 Million THB/Rai
●
Plot: 950 sq.m.
● Chanod (NS4J)
● Plot: 6.5 Rai
● Chanod (NS4J)
●
Panoramic sea views
● Concrete road access
● Gentle hillside
● Facing Koh Phangan
●
Full infrastructure
● Security guard
● Breathtaking sea views
● Electricity at the bottom
●
Access to communal pool
● Close to the Ring Road
● Investment Opportunity
● Next door to luxury developments
● Ready to develop
LS341666
Taling Ngam
28 Million THB
LS07441
Lipa Noi
1 Million THB/Rai
● Plot: 4.65 Rai
● Chanod (NS4J)
● Lipa Noi: 1.9 Rai
● Chanod (NS4J)
● Private access road
● Walking distance to beach
● Public road nearby
● Water well
● Breathtaking ocean views
● Close to 5-star resort
● Flat land
● Ideal to build
● Electricity
● Can be subdivided to 9 plots
● Quiet area
● House plans available
● Plots starting from 550 sq.m.
● Gentle slope
● Electricity close by
32 THAILAND ESTATES PROPERTY GUIDE I www.ThailandEstates.com
LAND LISTINGS
1 Rai = 1,600 Sq.m.
Choengmon
LS341582
12 Million THB
● Plot: 1,140 sq.m.
● Chanod (NS4J)
● Full infrastructure
● Gated entrance
● 24-Hour security
● Sea views
● Exclusive location
● House plans available on request
Maenam
LS34847
15.2 Million THB/Rai
● Plot: 9.8 Rai
● Chanod (NS4J)
● Facing Koh Phangan
● Full infrastructure
● 95-Metre beachfront
● Amazing investment opportunity
LS341545
Namuang
1.2 Million THB/Plot
● Plot: 1.13 Rai ● Chanod (NS4J) ● Two 900 sq.m. plots ● Concrete road access ● In a residential area ● Sea views from the top ● Close to the Ring Road
34 THAILAND ESTATES PROPERTY GUIDE I www.ThailandEstates.com
Bang Makham
LS341752
4.8 Million THB/Rai
● Plot: 2,000 sq.m. ● Chanod (NS4J) ● Topography available ● Breathtaking sea views ● Building permit ● Concrete road access ● Full architectural drawings ● Full infrastructure ● Retaining wall at the bottom
Thong Krut
LS341238
5 Million THB/Plot
● Plot sizes: 0.63–3.63 Rai ● Fiber optics
● 240-Degree sea views
● Chanod (NS4J)
● Underground water ● Sports facilities
● Private & public road
● 3-Phase underground electricity
LS34769
Laem Set
26 Million THB
● Plot: 3 Rai ● Chanod (NS4J) ● 75 m. Frontage ● Infrastructures nearby ● Very high potential ● Amazing view ● Unique beachfront land ● Close to a high-end villa ● Infrastructures nearby ● Along the sea and a canal
SAMUI
LS301166
Chaweng
2.5 Million THB
● Plot: 0.63 Rai ● House plans ● Building permits ● Communal pool ● Chaweng Bay view
● Nor Sor Sam Gor ● Concrete access road ● Electricity & water ● Breathtaking sea views ● 5 Mins. from the beach
LS341761
4.8 Million THB/Rai
Plai Laem
● Plot: 3.5 Rai ● 3-phase electricity ● Concrete access road ● Full concrete road frontage ● Close to the Beach ● 7 Mins drive to Chaweng ● 5 Mins drive to the airport ● Investment opportunity
LS341487
Bang Por
1.5 Million THB/Plot
● Plot: 400 sq.m. ● Chanod (NS4J) ● 7 Flat plots ● 200 m. from the Beach ● Water nearby ● Electricity along the plot ● Concrete access road
Laem Set
LS341757
Choengmon
1.9 Million THB
● Plot: 492 sq.m. ● Chanod (NS4J) ● Easy to build on ● Concrete road access ● Easy access ● Gentle slope hillside land ● Central location ● 3-minute drive to the beach
LS341611
Big Buddha
2 Million THB
● Plot: 400 sq.m. ● Chanod (NS4J) ● Partial sea views ● Close to piers & airport ● Electricity ● Concrete road access ● Price negotiable
LS341791
Bang Por
2.5 Million THB
● Plot: 1,252 sq.m. ● Chanod (NS4J) ● Partial sea views ● Close to the Ring Road ● Electricity close by ● Residential area nearby ● Looking for a quick sale
Lamai
LS341189 From 1.1 Million THB/Plot
LS341540
● Plot size: 0.25-1.06 Rai ● Chanod (NS4J) ● Concrete access road ● Nice sea views ● Mostly sloping plots ● Full infrastructure ● Topographic survey included
● Plot: 4 Rai ● Chanod (NS4J) ● Ideally flat to build ● Sea views ● Electricity onsite ● Near Lamai Centre ● Concrete road access ● 300 m. from the Beach ● Individual plots from 2 Million THB
4.5 Million THB/Rai
LS341648
Plai Laem
1.1 Million THB
● 2 Plots: 414 - 444 sq.m. ● Chanod (NS4J) ● Flat lands for Sale ● Electricity ● Concrete road access ● Close to beach ● Close to airport
LS341692
Maenam
4 Million THB/Rai
● Plot: 11 Rai ● Nor Sor Sam Gor ● Facing Koh Phangan ● Panoramic sea views ● Electricity ● Concrete road access ● Investment opportunity ● Close to an exclusive development
LS341539
Bang Makham
4.39 Million THB/Plot
● Plot: 0.79-1.63 Rai ● Chanod (NS4J) ● Five sea view plots ● Concrete road access ● 2 Water wells ● Electricity at the top ● Rock formations ● 87-147 metres above sea level
LS341824
Namuang
3 Million THB
● Plot: 1,812 sq.m ● Chanod (NS4J) ● 3-phase electricity ● Sea views from the top ● Fairly priced ● Close to Ring Road ● Full concrete road access
www.ThailandEstates.com I THAILAND ESTATES PROPERTY GUIDE 35
L U X U R Y R E N TA L S
VP0001
Big Buddha
900 - 2,100 US$/Day++
VP0002
Bophut
600 - 2,000 US$/Day++
● 6 Bedrooms
● 6 Bathrooms
● 5 Bedrooms
● 5 Bathrooms
● 3 Staff
● Thai chef
● 3 Staff
● Thai chef
● Private swimming pool ● Fully furnished
● Wifi Internet
● Infinity edge pool
● In-villa spa treatment
● Fully furnished
● Stunning views
VP0003
● Close to the beach
Laem Set
550 - 1,400 US$/Day
VP0004
Chaweng
650 - 750 US$/Day
● 4 Bedrooms
● 3 Bathrooms
● 3 Bedrooms
● Breathtaking view
● 3 Staff
● Thai chef
● 3 Buildings
● Large living area
● Private swimming pool ● Beachfront villa
● Fully fitted kitchen
● Infinity edge pool
● Fully furnished
● Tiled deck
● 3 Full-time staff
● Peaceful location
36 THAILAND ESTATES PROPERTY GUIDE I www.ThailandEstates.com
SAMUI
VP0005
Chaweng
650 - 850 US$/Day
Laem Sor
VP0006
1,100 - 2,500 US$/Day++
● 2-3 Bedrooms
● 3 bathrooms
● 6 Bedrooms
● 7 Bathrooms
● 3 Staff
● Thai chef
● 3 Staff
● Thai chef
● Infinity edge pool
● Amazing sea views
● Unique swimming pool ● Beachfront villa
● Private sala
● Steam room
● Steam room
VP0007
● Fully furnished
Laem Sor
700 - 1,500 US$/Day
Plai Laem
VP0008
550 - 1,450 US$/Day++
● 6 Bedrooms
● 8 Bathrooms
● 4 Bedrooms
● 5 Bathrooms
● 3 Staff
● Thai chef
● 3 Staff
● Thai chef
● Fully furnished
● Private tennis court
● Free form swimming pool ● Jacuzzi
● Private swimming pool ● Beachfront villa
● Unsurpassed views
● Fully furnished
www.ThailandEstates.com I THAILAND ESTATES PROPERTY GUIDE 37
R E N TA L S L I S T I N G S
Bophut
HR501630
Price on application
● 4 Bedrooms ● 4 Bathrooms ● Breathtaking sea views ● Jacuzzi in the Master bedroom ● Outside lounge area & Sala ● 5 mins from Golf Course ● Daily & monthly rates available ● Infinity pool & sundecks ● High-end luxury villa ● 120 sq.m. Living, dining & kitchen area
Choengmon
HR501846
● 3 Bedrooms ● Western kitchen ● Communal fitness ● Satellite TV/DVD
● 3 Bathrooms ● Living room ● Pool & restaurant ● Direct access to the beach
38 THAILAND ESTATES PROPERTY GUIDE I www.ThailandEstates.com
US$ 340/Day - US$ 1,680/Week
● Surcharge of 25% during the peak season ● Sea view private swimming pool ● High end villa incl. 24/7 service ● Wireless Surround sound & Internet
SAMUI
HR50863 ● 1 or 2 Bedrooms ● Fully furnished ● European kitchen ● Cable TV, DVD ● Laundry available
HR501747
Chaweng
15,000 THB/Month ● Bathroom ● Living room ● Terrace/Air-con ● Wireless Internet ● Communal Pool & Jacuzzi
Chaweng
12,000 THB/Night
● 2, 3, or 5 bedrooms ● 7 Bathrooms ● 8 person Jacuzzi ● 13 m swimming pool ● Laundry service ● Professional grade gym ● Garden & Terrace ● Sea and mountain views ● Premium Satellite TV ● DSL wireless Internet
HR18930
Bang Rak
375 US$/Day
● Master bedroom en suite ● Dining area ● 2 Additional bedrooms ● Upstairs bathroom ● Living/kitchen ● Gymnasium ● Private pool/Jacuzzi ● Wireless Internet ● Toilet downstairs ● Maid’s room
Maenam
HR501737
Chaweng Noi
500 USD–1,400 USD/Night
● 5 Bedrooms ● Large infinity pool ● Luxury speed boat ● Wi-fi ADSL ● Hi-Fi system
● Air-con ● Projector Satellite TV ● Fully furnished ● 2 fully equipped kitchens ● Sea view
Bang Rak
Bophut
HR511268 70,000–110,000 THB/Month ● 3 Bedrooms en suite ● Air-con ● Private pool & Sala ● A/C ADSL & Cable TV ● Dining area & living room ● European kitchen ● Landscaped garden ● 24-Hour security ● Communal Sauna ● Steam rooms
Bang Rak
HR501719 4,800–7,200 THB/Day
HR511290 7,900–11,900 THB/Day
● 3 Bedrooms en suite ● Air-con ● Modern living room ● 42 inch Plasma TV/DVD ● Fully furnished ● Entertainment System ● Satellite TV ● 20-m. long shared pool ● High Spec. kitchen ● Tropical garden setting
● 2 Bedrooms en suite ● Air-conditioning ● Balcony & terrace ● Satellite TV & DVD ● Private pool ● Cleaning service ● Western kitchen facilities ● High-Speed Internet
HR501677
Choengmon
700-1,200 US$/Night
● 6 Bathrooms ● A/C in Bedrooms ● Large private pool ● Living/dining room ● Gated security
● 5 Sea view bedrooms ● Maids quarter ● Western kitchen ● ADSL/TV/media room ● 10 Min.Walk from beach
Laem Set
HR511284
42,000 THB/Month
HR501625 3,500-4,500 US$/Night
● 3 Bedrooms ● Private pool ● Broadband Internet ● UBC Satellite TV ● Maid service
● 2 Bathrooms ● 10 Mins from beach ● Telephone connected ● Onsite fitness centre ● Pool cleaning and garden
● Oriental style 1 bed villa ● Private pool ● UBC TV /WI-FI Internet ● Terrazzo bathroom ● 10 mins to Lamai
● Outdoor living Sala ● Western kitchen ● A/C throughout ● Shower room ● Close to the beach
HR511270
Choengmon
150,000–250,000 THB/Month
● 3 En suite bedrooms ● Fully equipped kitchen ● Private pool ● Huge living space area ● Maid provided ● Private beach access ● Parking ● Landscaped Garden ● 24-Hour security ● Electric & water included
HR501469
Lamai
50,000 THB/month
● 2 Bedrooms en suite ● Fully equipped kitchen ● UBC/TV/DVD ● Tropical garden ● Air-con ● Outdoor Sala with TV ● Living room ● Cable TV in bedroom ● Swimming pool ● Alarm system
www.ThailandEstates.com I THAILAND ESTATES PROPERTY GUIDE 39
CLASSIFIED
LISTINGS
RESIDENTIAL LISTINGS
SAMUI
Chaweng
Chaweng
HS341512
3.75 Million THB
HS341739
● Unit size: 60 sq.m.
● 2 Bedroom unit
● 4 Bedrooms
● 4 Bathrooms/toilet
● Sea view apartment
● Terrace
● Western kitchen
● 3-Storey fully furnished villa
● Living room
● Western kitchen
● Living room
● Terraces & balconies
● Communal pool
● Cable TV/Internet
● Garden & Sala
● Swimming pool & decks
● Air-condition
● Last unit available
● Centrally located ● Amazing sea views
18 Million THB
Choengmon HS341807
80 Million THB
HS19676
18.9 Million THB
● House area: 300 sq.m. ● 5 Bedrooms en suite
Bang Rak
Bang Rak
14.5 Million THB
● Unit size: 154 sq.m ● Penthouse apartment ● Panoramic sea views ● 3 Bedrooms en suite ● Dining area ● Open plan living ● Fully furnished ● Excellent rental returns ● Wi-fi Internet access ● Communal pool ● Private 98 sq.m. rooftop terrace
● Indoor living room
● Western kitchen
● Fully furnished/Wi-fi
● Private pool
● Alarm/Satellite TV
● 2 Parking places
● Partial sea views
HS341837 ● Built: 280 sq.m. ● 4 Bedrooms ● Jacuzzi tub ● 2 Living areas ● Close to airport
Maenam HS16850 ● Built: 160 sq.m. ● 2 Bedrooms ● 2 Kitchens ● Partial sea views ● Prime location
7.5 Million THB ● Plot: 400 sq.m. ● 2 Bathrooms ● Custom wood furniture ● Close to the beach
12.9 Million THB
● Built: 150 sq.m. ● Plot: 348 sq.m. ● 2 Bedrooms
● Bathroom
● Air-con
● 10-metre beachfront villa
● Communal pool ● Living room/kitchen ● Garden
● 2 Balconies & terrace
35 Million THB ● Plot: 580 sq.m. ● 4 Bathrooms ● Amazing sea views ● Fully equipped kitchen
HS341771
7.5 Million THB
● 3 Bedrooms ● 2 Bathrooms ● Living room ● Western kitchen ● Salt-water pool ● Vast storage space ● Landscaped gardens ● In a gated community ● A short walk to the beach
100 Million THB
● Plot: 4,800 sq.m. ● 4-6 Bedrooms ● 6 Bathrooms ● Ultimate luxury villa ● Jacuzzi/Gym ● Alarm system ● Staff quarters ● 100 Sq.m balcony ● Huge car port ● 2 Substantial storages ● Within easy reach of most amenities
Bophut HS341308
35 Million THB
● Built: 400 sq.m. ● Plot: 1,200 sq.m. ● High end luxury villa ● 5 Bedrooms ● 7 Bathrooms ● Kitchen ● Living area ● Separate maids quarter ● Office space ● Sea view from every room ● Store room ● 66 sq.m pool & garden ● Flexible payment terms
Bang Rak HS9930715
39.5 Million THB
● Built: 250 sq.m. ● Plot: 848 sq.m. ● 3 Bedrooms ● 3 Bathrooms ● Living room ● Kitchen ● Swimming pool ● Maid room ● Garden ● Beachfront luxury villa ● Amazing rental returns
Ban Tai
Laem Sor HS341570
HS341561
Bophut
● Built: 790 sq.m. ● Plot: 1,600 sq.m. ● 5 Bathrooms ● Tri-level sea view home ● Living room ● Infinity edge pool ● Very modern kitchen ● Stunning sea vistas ● Audio-video room ● Close to the airport ● Easy walk to private beach
HS301838
Chaweng
Ban Tai HS341822
13.3 Million THB
● Plot: 276 sq.m ● Indoor: 103 sq.m ● Outdoor: 50 sq.m ● 2 Bedrooms en suite ● Guest toilet ● Living room ● Kitchen ● Leasehold Ownership ● 30-metre communal pool ● Direct access to the beach ● Freehold options also available
Laem Set HS341733
15 Million THB
● 3 Bedrooms ● 3 Bathrooms ● Living room & kitchen ● Satellite TV & DVD ● Air-conditioning ● Swimming pool ● Landscaped garden ● Price negotiable ● 100 m. from the beach ● In a gated development
40 THAILAND ESTATES PROPERTY GUIDE I www.ThailandEstates.com
Lamai HS34949
4 Million THB
● Built: 120 sq.m. ● Plot: 504 sq.m. ● 3 Bedrooms
● 2 Bathrooms
● Dining room
● Living area & kitchen
● Garden
● Quiet residential area
● Space for pool
● Quoted for a quick sale
CLASSIFIED
LISTINGS
LAND LISTINGS
SAMUI
Chaweng LS341574
5 Million THB/Rai
● Plot: From 1.10-1.54 Rai. ● Chanod (NS4J) ● Concrete road access
● 3-Phase electricity
● Close to all amenities ● 3 Sea view plots of land
Bophut LS341686
5.5 Million THB/Rai
● Plot: 2,552 sq.m. ● Panoramic sea views ● Fantastic view ● Close to the beach ● Real prime location
● Nor Sor Sam Gor ● Close to all amenities ● Electricity onsite ● Can be subdivided ● 800 m. from Ring Road
Bang Rak 4.5 Million THB/Rai
LS341206
● Plot: 11 Rai
● Chanod (NS4J)
● Plot: 16.2 Rai
● Flat land
● 120-Metre road frontage
● 3-Phase electricity ● Ideal to develop a project
LS341768
3.6 Million THB/Rai
● Plot: 2,000 sq.m. ● Easy to build on ● Good value land ● Close to Chaweng Beach ● 8-metre wide access road ● Walking distance to the airport
Maenam
LS341544
● Deep water wells ● Concrete road inside
Bang Rak
525,000 THB/Rai ● Nor Sor Sam Kor
● Dirt access road ● Sea views from the top ● Ideal for projects ● 10 Mins from Ring Road
● Smaller plots available for sale
Maenam LS341680
3.5 Million THB/Rai
● Plot: 5,600 sq.m.
● Chanod (NS4J)
● Option to buy 1 Rai
● Price negotiable
● Perfect flat configuration ● Flexible offer ● Full concrete road access & walk-in ● 3 Wooden houses on the plot
Maenam
Ban Tai
LS341700
15 Million THB/Rai
LS341590
● Plot: 56.6 Rai
● Chanod (NS4J)
Taling Ngam
2.3 Million THB
LS341585
● Plot: 1,284 sq.m.
● Nor Sor Sam Kor
● Plot: 14 Rai
● Ring Road frontage ● 100-Metre beachfront
● Electricity
● Sea views
● Electricity nearby ● Concrete road access
● Perfectly flat
● Full infrastructure
● 24-Hour security
● Close to the beach
● Sea views
● Unique offer
● Ideal for a luxury resort
● Full concrete road access
50 Million THB ● Chanod (NS4J)
● Plot: 1,428 sq.m.
● Nice sea views
● Full infrastructure
● Nice sea views
2.2 Million THB ● Nor Sor Sam Gor ● Electricity close by
● Concrete road access
● Full concrete road access
● Close to high-end project
● 2-min. drive from the Ring Road
Laem Sor 6 Million THB/Rai
● Plot: 3.85 Rai ● Chanod (NS4J) ● Electricity nearby ● Concrete road access ● Panoramic sea views ● 2 Mins from the beach ● Investment opportunity
● Next to a renowned project
Namuang LS341744
● Plot: 15.65 Rai
LS341615
● Chanod (NS4J)
● Investment option
Taling Ngam LS341705
38 Million THB
Laem Sor LS341729
● Plot: 1,600 sq.m. ● Chanod (NS4J) ● 300 m. from the beach ● Flat land ● Close to development ● Investment offer ● 6-m. wide servitude access road ● 20 m. from 3-phase electricity
Laem Set LS341685 ● Plot: 2.5 Rai
3 Million THB/Rai ● Chanod (NS4J)
2.6 Million THB
Koh Phangan LS341775
10 Million THB/Rai
● 4 Rai beachfront flat land ● Chanod (NS4J)
● Concrete road access ● Water & electricity
● Public road access
● Deep Water Well
● Part of a gated retreat ● Private driveway
● Water
● Electric available
● 24-Hour security
● Communal pool & bar
● Architectural drawings ● Amazing sea views
● 200m away from pier
www.ThailandEstates.com I THAILAND ESTATES PROPERTY GUIDE 41
ARTICLE I
Branding A boost for property values
42 THAILAND ESTATES P ROPERTY G UIDE I www.ThailandEstates.com AYARA BAAN THAI KAMALA
Branding – A Boost For Property Values I ARTICLE
W
hen investing in resort properties there is generally one golden rule - “location, location, location”. However, especially in a buyer’s market with an oversupply of property, the developments need to differentiate from their competitors creating “unique selling propositions” and making themselves stand out from the crowd. Thailand’s resort markets competition is growing and it is not enough to attract certain target groups (retirement projects, investment properties) or differ with the inclusion of certain facilities or services within the project. A determining key factor is branding. With various hotel chains diversifying into resort properties, branding of developments has reached a new level. Only Phuket features a myriad of internationally branded resort properties such as Jumeirah’s Barama Bay project, Sheraton, Dusit and Banyan Tree – all of which are located in the Laguna area. With Outrigger hotels and resorts, another international brand came to Phuket to manage West Sands and Serenity Terraces, two exclusive beachfront projects. The famous Amanpuri resort still stands as a benchmark for resort properties on Phuket. There are local, national and regional brands that are stirring up the Phuket property market and offering a good alternative to the international chains. Those established names include Richmond Group’s very own resort management, Trisara’s 5-star luxury resort development, the newly built Andara resort, Laguna, and villa developments such as Sri Panwa, Ayara and Baan Thai Surin Hills which are all reputable resort projects. With this article we are focusing on the advantages of resort projects, but also examining the disadvantages and trying to point out what reasons there are for investing in branded resort properties. Beyond that we will advise for which buyers group it is more suitable to invest in locally respected brand names and who should invest in international chain properties.
International vs Local brands
Small vs. Big
Currently there are numerous international hotel companies operating or in preparation of resort properties with private ownership on Phuket. These include Sheraton, Banyan Tree, Dusit Group, Jumeirah, Outrigger, Amanpuri.
therefore developers are using brands to leverage hotel returns but also property sales. Despite more and more international hotel management companies moving into Thailand’s resort markets and especially Phuket, various local brands shake up the market. The likes of Ayara, Richmond Group or Two Villas have gained market share and excellent reputation for quality developments and great investments for owners. With prices far below what one would pay for an international brand these brands offer great value for money. Property values increased above average and resales in those developments are much sought-after. Beyond that these projects have a very successful marketing base (e.g. co operations with travel agents) to rent out the units for owners. That assures strong returns and often buyers are given guaranteed returns on investment for their property. It is hard to judge whether to buy into an international branded resort development or to go for a local brand. Often it is dependent on the budget one wants to spend or the time to spend in the property.
Advantages of
international brands Branded resort properties enjoy a number of advantages from both, buyers and guest’s point of view. International hotel brands have the highest service standards that each hotel property has to adhere to. Staff have to be fully trained and must show the level of professionalism and dedication that guests know from visits to the brand in other countries. The same counts for facilities such as restaurants, pool areas and fitness, but to name a few. The attention to detail and quality is very high as a renowned brand has an image that has been built up for years. Peace of mind for the customer is a key factor when buying into an international brand.
It all started in the 90’s when Amanpuri sold its hotel villas to private owners. All of which were snapped up within a year’s time. Today, Amanpuri is the leading resort on the island and whenever a villa comes on the market for resale it is snapped up quickly by buyers from the waiting list.
Darron Edmonstone, Vice President for Acquisition and Development for Outrigger Hotels & Resort explains “Branded properties also give consumers a level of comfort when purchasing knowing that an internationally recognized organization, with a proven track record, is taking care of their valuable asset.”
With a variety of international chains coming to the market and offering units for sale prices for those properties are beyond the average selling prices of units in an area. International brands always command a surcharge as it represents confidence from buyers as well as guests’ point of view. “Brand consciousness is a global phenomenon and we have seen this within regards to the hospitality industry with fashion brands such as Armani, Bvlgari and Versace branding hotels down to names such a Trump adding value through the use of their name and image.” says Bill Barnett, from C9 Hotelworks, a Phuket-based consulting firm that specializes in advising hospitality clients in Thailand. Bill Barnett explains that tourism and property market are closely related and
Beyond that, top chain hotels generally have an excellent occupancy rate and charge higher rates than comparable unbranded properties due to the global marketing and sales channels and their international affiliations. This ensures higher returns for owners and steady capital appreciation from a long-term point of view. International experience in operations, a strong management team and image are other key factors when deciding for an internationally branded property versus a local brand.
www.ThailandEstates.com I THAILAND ESTATES PROPERTY GUIDE 43
ARTICLE I Branding – A Boost For Property Values
THE YAMU
Advantages of
local brands However, there are also a number of reasons to decide for local brands instead of international ones. Local brands are generally more flexible with their contract terms. Especially, ownership models can differ from internationally branded resorts and contracts can be adjusted to be more buyer-friendly. Sale-and-lease-back models can be less strict and owners can choose to stay in their property longer than a set period of 30 or 45 days as often compulsory in internationally branded resorts. Usually expenses are less for local brands as the costs for international marketing, operations and human resources are lower. That also determines the net return of the property for the owner as branded resorts can cut off up to 60% of the gross returns for marketing and operations which decimates the net return for the investor/owner. Higher costs can occur for international brands when meeting design standards of the brand. Local brands are not that strict with those regulations as they define their own branding standards, nonetheless can offer the same quality. Local brands also sell their products for a fraction of a global brand. Often the higher costs for bringing an international name in can add up to 30% to the selling price for a property. It is balanced by the fact that returns are generally higher in absolute terms.
Top locations,
future developments, new areas
Important aspects for the success of a resort development – whether
44 THAILAND ESTATES PROPERTY GUIDE I www.ThailandEstates.com
branded or unbranded – are the location and standard of the property in terms of facilities and services. The more exclusive the resort, the more secluded it should be. Privacy is a key factor for high-end developments.Therefore, various resort projects are being built on headlands or private, not easily accessible islands. Barama Bay, a private luxury hideaway set on a 35 Rai island (1 Rai = 1,600 sqm) is one of Phuket’s most prestigious resort developments. Managed by Dubai’s world famous Jumeirah Group it will certainly be amongst Thailand’s top resorts. With the Amanpuri leading the way many resort developers chose private headlands for their projects. Giving utmost tranquility and seclusion guests can feel save from the mass tourism and rejuvenate in a peaceful environment. Ayara Kamala, a private estate of 17 exclusive villas is located in a top area of Kamala with its own private beach. Villas have previously been sold and for those owners that cannot enjoy an all-year stay at their home the resort is renting out the villas to resort guests. Apart from the private beach there is a fine dining restaurant with dramatic sea and sunset views, spa and various sports facilities. Only one home is left for sale in this ultra-luxury development which boasts 10 bedrooms, nine of which have a private plunge pool, theatre room, huge terrace area with infinity edge pool and sunset views and much more. The price for this mansion is also at the top end for properties in Phuket. Ayara Kamala and the development group behind it have a proven track record for developments in Phuket. Properties have increased massively in their resale values and owners enjoy attractive returns. Mr. Puchit Suttichit, Owner Representative, explains the success as a mix of an experienced management team and well-trained, serviced-minded staff and a great location.
Outrigger Resorts & Hotels, an experienced management group with
Branding – A Boost For Property Values I ARTICLE
SERENITY TERRACES
TRISARA
properties in Hawaii, Australia and other regions throughout AsiaPacific has its first two flagship properties in Phuket. West Sands is a large-scale project on Phuket’s north-west coast featuring 426 units on 48 acres of land and 500 metres beachfront. With several restaurants, sports facilities, various communal pools, supermarkets and its own water park this project is a self-contained community.
THE YAMU The Yamu is a private ultra-luxury resort with private villas for sale. Owners of the 17 club villas will have full access to all facilities including 100 metre swimming pool, clubhouse with spa, cinema room, international restaurants, wine cellar, cigar room, chocolate room, art gallery and recording studio.
Serenity Terraces, the second Outrigger-managed property is located on Phuket’s southeast coast. It offers a mix of beachfront villas and condominium units with the idea of maximizing water sports activities. Several water sports activities are available, including a fully-equipped speed boat, two “Hobie cat” catamarans, and four kayaks. Strong rental yields are expected with guaranteed returns of 6% p.a. for the first 3 years. Only a few units are left for sale in this excellent investment project.
SERENITY TERRACES Outrigger Serenity Terraces Resort is a beachfront development comprising of villas and condominiums and is perfect as a holiday home and investment with guaranteed rental returns.
As prime beachfront land is scarce in Phuket new areas for top branded resort properties will be on islands located in Phang Nga Bay such as Koh Yao Noi, Koh Lanta where we can see increasing demand for land. Phang Nga Bay is no secret amongst knowledgeable investors anymore with a number of top international hotel chains planning to open resorts there.
TRISARA Trisara is one of Phuket’s most established local brands. The secluded luxury resort features private villas with stunning sea and sunset views in a tropical setting and has its own private beach.
Considering all these points it is always a decision of personal preference and weighing up pros and cons when opting for international or local brands. Whether a brand has an internationally excellent image or a great local reputation an investment is always secure and owners will enjoy strong investment returns from rentals and capital appreciation.
T.E.C. (ASIA) CO., LTD. 5/5 Moo 6, Bophut, Koh Samui, Suratthani 84320, Thailand T : +66 (0) 77 414 222 or 414 333 F : +66 (0) 77 414 321 E : contact@thailandestates.com W : www.ThailandEstates.com
www.ThailandEstates.com I THAILAND ESTATES PROPERTY GUIDE 45
EDITORIAL I Legal
Buyers Guide for Property Investment in Thailand Thailand, the Land of Smiles, has become very popular among foreigners as their location of choice for the purchase of property outside their home country. More and more foreigners are choosing to buy property in Thailand for various reasons, which vary from the acquisition of an exotic holiday home to pure investment and the realization of sizeable appreciation and return on investment, or even both. Buying property in Thailand is safe and easy as the applicable laws are quite clear and well settled. However, a property purchaser should always conduct a due diligence on the property prior to entering into contractually binding agreements in order to safeguard and protect his or her interests. Such due diligence should be provided by a professional legal advisor to be appointed. Your real estate agency can introduce you to reliable and professional local or international law firms possessing solid backgrounds and experience in this specific field. Your legal advisor will help you to understand the different ownership structures, and shall assist in or perform all the necessary acts required to make your property purchase sound, solid and fully legal. Your legal advisor shall perform the necessary due diligence on the property to assure that it is safe and appropriate for purchase; he shall draft or review the requisite legal documents needed to facilitate the transaction. In addition, he shall negotiate with your seller for favourable terms, and facilitate the required conveyance and registration of the property being purchased which shall allow you to buy with peace of mind. Whenever a person considers purchasing property in Thailand, an understanding of the basic legal principles in this regard is advised. Also, a basic knowledge of the individual ownership structure underlying the target property should be acquired. Your real estate agency in cooperation with your lawyer can impart you with the essential knowledge crucial to ensure the chosen property fits the buyer interests and is a safe, sound purchase under the law.
of a Condominium unit owns their respective unit freehold, and has a right to share in common, with the other purchasers of units in the Common areas of the Condominium including walkways, elevators, gardens, swimming pools, and clubhouse. A Condominium Unit purchase is the most straightforward way to acquire property in Thailand and is relatively simple to complete. Currently, under the law, foreign buyers are allowed to purchase freehold up to 49% of the total sellable area in any particular Condominium building, the remaining 51% of the units must be owned by Thai nationals or Thai companies. A purchase of a Condominium unit is generally paid for by remittance of the purchase price in foreign currency into the Thai Baht account of the seller in Thailand, and the submittal of relevant documentation evidencing such international money transfer to the Land Department on the day of registration of title transfer into the buyer’s name. Upon completion of the Condominium and registration of the project as such with the relevant authorities, every single buyer will receive a title deed evidencing his freehold title to his Unit. Even though the foreign freehold quota of 49% may have been sold out in a particular Condominium building, a Unit forming part of the 51% Thai quota may be acquired by a foreigner through a long-term leasehold structure similar to an Apartment lease as described below, or through the incorporation of a Thai company by the foreigner which can itself purchase the particular Unit. In regard to use of such Thai company, it must be considered that this requires strict compliance with the applicable laws (same as under other jurisdictions) including but not limited to accounting, tax and legal regulations. Your legal advisor can explain this option more fully.
Apartment Lease
Freehold ownership is the most comprehensive and complete interest in property that a person can possess. Freehold ownership allows the owner full ownership rights to the property to the extent permitted by law. This is similar to the full ownership rights a foreigner would have if he were to buy and own property in his own home country. However, the first thing all foreigners must understand is that foreign buyers, with limited exceptions, cannot acquire freehold interests in land in Thailand. Nevertheless, several ownership structures have beendeveloped and exist in Thailand which fully allows foreign buyers to purchase property in Thailand whether for residence or investment. A summary of these property structures follows:
Another viable option for foreigners for property purchase in Thailand is an Apartment lease. Such leases are generally issued on a long term basis comprised of a 30 year lease period and two additional options to renew for 30 years each. This provides a total of 90 years right to the Unit. Under the current laws of Thailand a lease may have a maximum of 30 years term and legally be registered with the relevant authorities. Therefore renew options giving additional 30 years plus eventual further extension(s) of term are offered and widely used in Thailand. Sophisticated developers have sweetened the deal and have implemented legal structures which allow Apartment lessees to acquire share interest in the company that owns the project land and the Apartment building. Under these structures, the holder of an Apartment lease together with the other lessees in the project, are in effect joint-lessors of themselves who can participate in the management of the Apartment building and assure renewal of the lease terms for additional 30 year periods upon expiration of the first term.
Condominium Unit
Land
Ownership Structures
A Condominium is a building that is comprised of separate and distinct units which are sold to individuals or entities as freehold. Each purchaser 46 THAILAND ESTATES PROPERTY GUIDE I www.ThailandEstates.com
As mentioned above, with limited exceptions, foreign buyers cannot acquire freehold interest in land in Thailand. However, the Thai
Legal I ARTICLE government has brought laws into effect that allows also foreign nationals or entities to acquire freehold title to land under certain conditions and restrictions. Additionally, land can be purchased under the name of a Thai company having foreign shareholders and/ or directors, provided that the applicable laws in this context have been strictly followed. Such land purchase through the use of a Thai company should be discussed with your legal advisor and may only be recommendable under certain conditions. Freehold restrictions aside, a foreigner may acquire an interest in land through a lease, whereby such leases basically follow the same rules as the Apartment leases described above: maximum period of 30 years with renew options giving a total right of 90 years to the plot. Additionally, a purchase option can be agreed between the landowner and the lessee providing that the lessee shall have a right to demand title transfer upon change of the applicable laws allowing foreign national to hold freehold title to land.
Villa or House
It’s important to know that full ownerships rights to buildings can always be acquired by foreign buyers, although not to the land itself. This separation of ownership of building from the land is contrary to the methods of most of the western jurisdictions. However, in Thailand, the purchase of a long term lease of land (including purchase option) in combination with full ownership of the Villa or building sited upon it has been established as a popular ownership structure for foreign property investors in Thailand.
Land titles A title search should be completed by your legal advisors prior to purchase of any interest in land. Such title search can be supported by a title search report which will identify whether the land has been encumbered by lien or mortgage, and to show if access to the land is secured.
Re-Sale Every property investment must be checked thoroughly in regard to its suitability and capability for a potential re-sale. Therefore, a long term lease subject to rental advance payments should be examined regarding the following points: • • • • •
Lessee friendly termination clauses; Unrestricted assignment and transfer rights for lessee; Protected right of renewals; Protected inheritance of lease rights; Secured access and use of common areas (if applicable)
The highest attention should be paid to the correct application and submission of Foreign Exchange Transaction Forms or other relevant documentation (FET) issued by the receiving bank upon remittance of foreign currency into a Thai Baht bank account in Thailand. At a minimum the FET should clearly designate the purpose of the transfer of funds into Thailand (e.g. Condominium Unit purchase, land and/ or house lease and house purchase) and the name of the transferor/ buyer. Such FET must be provided to the authorities in the event of Condominium Unit purchase, land and/or house lease and house purchase, and the FET can also be used as evidence as to the original source of monies to be later repatriated out of Thailand in case of resale, or as evidence for actual payment of the purchase price if any kind of interest shall be registered against the property with the relevant authorities. Additionally, all taxes and regulatory requirements should be considered to ensure that all funds occurring from a re-sale could be taken out of Thailand and transferred back to country of origin.
Legal Documentation Normally the real estate agent will introduce a buyer to his seller who will ask for the execution of a Reservation Agreement to secure the property. The main purpose of such Reservation Agreement is to reserve the chosen property for a certain period of time, usually 30 days upon signing, and the buyer giving commitment to the sale. Therefore, under such Agreements, payment of a reasonable monetary deposit is usually requested. Subject to the parties negotiations, such deposit can be refundable in the event the rendered due diligence has a negative outcome or the seller cannot provide reasonable main agreements to be entered into by the parties within the reservation period. Upon signing of the Reservation Agreement, your legal advisor will be provided with the main agreements as well as other important documentation i.e. building permit, master plan, licenses if applicable or company documents of involved corporate bodies. The provided legal documentation shall be reviewed by the buyer and its legal advisor within the reservation period, and due diligence shall ideally be completed prior to the expiration of the reservation period. However, a seller should not object to reasonable extension of the reservation provided that issues have occurred which justify such extension and the delay has not been caused by the buyer.
Taxes and Fees Please consider that property transactions in Thailand may be subject to payment of certain taxes and fees, however, the individual responsible for these taxes and fees is subject to negotiations between buyer and seller. Registration of transfer of ownership rights to buildings, land, and Condominium Units may be subject to several taxes (i.e. income tax, withholding tax, specific business tax) and transfer fees as well as stamp duties, whereby the detailed amounts can be verified prior to closing with the relevant authorities by your legal advisor. Registration of lease interest or mortgage against land is also subject to registration fees. Also please note that property ownership itself as well as the income generated therefrom i.e. rental proceeds may be subject to annual and ongoing taxes and fees payable to the authorities. Your legal and/or tax advisor will also assist you in this matter.
Summary Whenever purchasing property under a foreign jurisdiction, the same basic commercial and legal principles that apply to every reasonable property investment anywhere in the world should be considered, i.e. a comprehensive due diligence completed and a broad market analysis undertaken, fair and balanced contracts, and the consummation of a successful transaction and a promising investment assured.
This guide was written by Sam Fauma, Senior Partner and Michael Greth, Consultant of International Law Office Patong Beach Co., Ltd., a Phuket based law firm, both can be contacted by E: sam@ilo-phuket.com and michael@ilo-phuket.com T: +66 (0) 76 - 222 191-5 W: www.ilo-phuket.com
www.ThailandEstates.com I THAILAND ESTATES PROPERTY GUIDE 47
PROPERTY HOTSPOT I Kamala Beach
PHUKET HOTSPOT Kamala Beach
Phuket’s west coast has ever since been the most sought-after part of the island. With the long stretch of white sandy beaches this is where the first resorts established and the tourism began to grow.
Over the years several tourist centres have developed from Kata-Karon to Patong in the south and Laguna to Surin in the mid of the island. In between lies the town of Kamala, a very promising market for properties on the island. Kamala offers a beautiful beach, many local shops and restaurants and is much quieter than
its big neighbouring town of Patong. In recent years Kamala’s real estate sector has developed and diversified enormously. From local housing to hillside developments there is a strong supply for affordable units in the lower price bracket. On the other hand there is the ultra high-end market, Kamala’s socalled “Millionaire’s Mile” with some of the most expensive properties on Phuket.
T.E.C. (ASIA) CO., LTD. 5/5 Moo 6, Bophut, Koh Samui, Suratthani 84320, Thailand T : +66 (0) 77 414 222 or 414 333 F : +66 (0) 77 414 321 E : contact@thailandestates.com W : www.ThailandEstates.com
48 THAILAND ESTATES PROPERTY GUIDE I www.ThailandEstates.com
Kamala offers the best of both worlds. From super luxury villas to affordable boutique condominiums there is something for every buyer. With the laid-back atmosphere and its local charm this town offers great potential and is a raw diamond for property investments on Phuket’s west coast.
Kamala Beach I PROPERTY HOTSPOT
Zen Space Kamala has seen quick development of projects in the lower price range that proved extremely successful. The 64 units in the Trees were sold out within months after launch due to its low pricing of below 3 million Baht and good range of facilities. The following project called Zen Space was just as successful and its 60 units are nearly sold out as well. Located just above the site of the Trees the units allow partial sea views and communal facilities such as swimming pool, fitness, squash and tennis can be used by the residents of both projects. With square metre prices between 40,000 and 52,000 Baht it shows an immense demand for affordable lock-up-and-leave units with a number of facilities for vacationers or longer-term residents.
Kamala Paradise Just recently launched an interesting development is Kamala Paradise, a private villa development only a few hundred metres away from a tranquil beach. With spacious rooms, 3 ensuite bedrooms and modern Asian interiors this exquisite development is very private and yet centrally located in town. Each villa has its own swimming pool and offers great views over the mountainous backdrop of the village.
Andara On the other end of Kamala lies the famous Millionaire’s Mile. Starting with Andara, a luxury villa development and passing the hip restaurant Rockfish you come to an area of secluded villa project in the multi-million dollar range. These established projects such as Waterfall Bay, Leamson Villas or Ayara Kamala have been sold a few years back and seen dramatic increase in property values. Stunning sea views, often private beach access and the size of villas and land plots make those few resales that come to the market not being unsold for very long.
Andara, a prestigious Allan Zeman project, is nearing completion of its first phase of villas that all have been sold for US$ 2.5 million and up. Completed villas have seen capital appreciation already and rental rates are high. A second project phase comprises 37 luxury apartments with 2 – 4 bedrooms. Facilities will include a world-class restaurant, Spa, fitness and a large community pool area as well as a beach club. Additionally, most of the units will feature a private plunge pool. Prices for the 175 to 852 sqm units range from approx. 27 to 80 million Baht.
Ayara Kamala Ayara Kamala is another resort development that enjoys a prime position in ultimate privacy. With its private beach, spa, restaurant and sports facilities it offers the perfect conditions for holiday-makers and residents alike. The most prestigious villa in this development is still for sale and features 11 bedrooms, 9 of which have private plunge pool. A majestic dining room, 2 kitchens, an infinity-edge pool with sunset views on the top terrace and private cinema room as well as a state-of-the-art gym belong to this property. www.ThailandEstates.com I THAILAND ESTATES PROPERTY GUIDE 49
RESIDENTIAL LISTINGS
CS019
Rawai
17.9 - 21.3 Million THB
● Built: 124 - 190 sq.m. ● 2 Bedrooms ● Beachfront designed villas ● 5-star facilities ● Freehold available ● Guaranteed rental return of 6% for 3 years
CS012
Condominium
● 1 – 2 Bathrooms ● Branded resort
Kata
2.8 – 13.3 Million THB
● Built: 45 – 214 sq.m. ● Studio - 2 Bedrooms ● 1 – 2 Bathrooms ● Spa ● State-of-the-art gym ● Open plan living area ● Breathtaking sea views ● Kid’s club with childcare ● Swimming pool with pool bar
CS001
Ao Por
21.7 - 36.0 Million THB
● Built: 258 sq.m. ● 3 Bedrooms ● 4 Bathrooms ● Stylish designs ● Spacious living area ● Community pool ● Large rooftop deck with 15m lap pool ● Breathtaking sea & island views
CS040
PHUKET
Bangtao
10.6 – 16.8 Million THB
● Built: 235 – 376 sq.m. ● 3 - 4 Bedrooms ● 3 - 4 Bathrooms ● Open plan living area ● Private pool ● Lush garden ● Freehold available ● High quality materials
CS023
Surin
9.7 – 42.8 Million THB
● Built: 107 - 360 sq.m. ● 1 - 3 Bedrooms ● 1 - 3 Bathrooms ● Amazing sea views ● Lush tropical gardens ● Japanese health spa ● Short walk to the beach ● Large swimming pool ● Poolside lounge ● Exclusive restaurant
CS041
Kamala
27.2 – 79.5 Million THB
● Built: 175 – 852 sq.m. ● 2 – 4 Bedrooms ● 2 – 3 Bathrooms ● The most stunning sea views ● Gym & spa ● Restaurant ● Private & community pools ● Spacious layouts ● High quality materials ● 5-star resort community ● 2 Minutes walk to beach www.ThailandEstates.com I THAILAND ESTATES PROPERTY GUIDE 51
52 THAILAND ESTATES PROPERTY GUIDE I www.ThailandEstates.com
R E S I D E N T I A L L I S T I N G
Condominiums From 6.0 - 29.95 Million THB ● Built: 72 - 335 sq.m. ● 1 - 3 Bedrooms, 1 - 3 Bathrooms ● 500m private beachfront ● Sea, pool and garden views ● 3 metre high ceilings ● Guaranteed 6% return for 5 yrs.
Villas From 20.5 - 73.5 Million THB ● Gym, squash & tennis courts, 4 swimming pools in project ● Restaurant, grocery store, partyroom ● Eco-resort ● Water park
● Plot: 623.30 – 1,223 sq.m. ● Built: 200 - 960 sq.m. ● 2 - 4 Bedrooms ● 2 - 5 Bathrooms ● Private swimming pools ● 3.5 metre high ceilings
Townhomes From 9.9 - 16.9 Million THB
Penthouse 19.9 - 25.4 Million THB ● Built: 229 sq.m. ● 3 Bedrooms ● 2 Bathrooms ● Right on the beach ● Open-plan living areas ● Loft-style layout
Mixed Developments
● Private outdoor jacuzzi ● Big community pool with garden ● Stunning sea views
● Built: 174 – 260 sq.m. ● 2 – 3 Bedrooms ● 2 Bathrooms ● Right on the beach ● Gym and spa
PHUKET
Mai Khao
HS026
● Beach or lake frontage ● International hotel brand managing the resort ● Dive center ● Kid’s club, creche, adult activities (e.g. cookery classes)
Cape Yamu
HS032
● Direct access to community pool ● Clubhouse with restaurant ● Tennis court ● Professionally managed by hotel resort group
www.ThailandEstates.com I THAILAND ESTATES PROPERTY GUIDE 53
RESIDENTIAL LISTINGS
HS043 ● Built: 225 - 314 sq.m. ● Plot: 490 - 1,021 sq.m. ● 2 – 3 Bedrooms ● 2 – 3 Bathrooms
HS013 ● Built: 553 - 557 sq.m. ● 4 - 5 Bedrooms ● 3 Bathrooms ● Private pool
HS012 ● Built: 302 – 375 sq.m. ● Plot: 415 – 697 sq.m. ● 2 – 3 Bedrooms ● 2 – 3 Bathrooms
Villas
Off the East Coast
21.95 - 33.95 Million THB ● Private 5-star resort ● Beachfront properties ● Infinity edge pool, Gym, spa ● Restaurant, convenience store
Kamala
14.45 – 17.95 Million THB ● Open-plan living area ● Indoor & outside Jacuzzi ● Parking for 2 cars ● Lush garden
Layan
54 THAILAND ESTATES PROPERTY GUIDE I www.ThailandEstates.com
● Built: 54 - 263 sq.m. ● 1 – 4Bedrooms ● 1 – 4 Bathrooms ● Private swimming pool
HS037 ● Built: 320 - 345 sq.m. ● Plot: 623 - 848 sq.m. ● 3 - 4 Bedrooms ● 4 Bathrooms
15.9 – 18.5 Million THB ● Open plan living area ● Large private pool ● Lush garden ● Floating sala
HS002
HS018 ● Built: 195 – 250 sq.m. ● 2 Bedrooms ● 2 Bathrooms ● Open-plan living area
Bangtao
7.9 - 30.0 Million THB ● Rooftop sala ● Spa, Gym, Beach club ● 8% guaranteed rental return for 5 years
Layan
15.02 - 15.86 Million THB ● Private pool ● Western kitchen ● Sala ● Landscaped garden
Naiharn
10.6 – 16.9 Million THB ● Private pool ● Lush garden ● Sala
PHUKET
Luxur y proper ties
HS036
● Built: 1,200 – 2,000 sq.m. ● 3 - 6 Bedrooms ● 6 Bathrooms ● Huge terraces ● Large private pool ● Stunning sea & island views ● Spa, gym, steam bath
HS038
● Built: 748 – 973 sq.m. ● Plot: 1,156 – 2,869 sq.m. ● 5 Bedrooms ● 6 Bathrooms ● Expansive living and outdoor areas
Cape Panwa
150.0 - 300.0 MillionTHB
● Restaurant, Bar & BBQ terrace ● Private beach ● Organic vegetable garden ● Beach & Infinity pool ● Professional hotel management ● Strong rental returns
East Coast
Price on application
● Infinity edge pool ● Waterfront with private berthing ● Floating cabana ● Sala ● Spa bedroom with outdoor jacuzzi
Cape Yamu
HS031
66.2 – 87.5 MillionTHB
● Built: 325 - 402 sq.m. ● 1 - 2 Bedrooms ● 1 - 2 Bathrooms ● Private swimming pool ● 5-star luxury resort ● Clubhouse with Spa ● Wine cellar, cigar & chocolate room
● Cinema ● Art gallery & recording studio ● 100m lap pool ● Ultra-chique design ● Maximum privacy ● Amazing sea views over Phang Nga Bay
Bangtao
HS004
72.0 - 169.0 Million THB
● Built: 960 - 1,529 sq.m. ● Plot: 832 - 1,984 sq.m. ● 4 Bedrooms ● 6 Bathrooms ● 33m private beachfront ● Expansive outdoor areas
● Infinity edge pool ● Wine cave ● Gym & games room ● Parking for up to 6 cars ● Breathtaking sea views ● Maid’s quarters
www.ThailandEstates.com I THAILAND ESTATES PROPERTY GUIDE 55
EDITORIAL I Property Comparison
Phuket
Pattaya
Samui
– which market is for who? Thailand is still one of Asia’s foremost holiday destinations with over 10 million visitors every year. Over the last years Thailand’s holiday resorts converted more and more into markets for property investments. Regular visitors to Thailand and international and local investors alike saw the potential that the resort destinations had to offer. But there are significant differences between all the markets and often a prospective buyer is wondering “Which market should I invest in?” Thailand Estates Property Guide is looking into the pros and cons of the Phuket, Pattaya and Samui property market and identifies who should invest where.
Phuket As one of the most developed resort markets Phuket is still the benchmark for all resort destinations in Thailand. Fully recovered from the 2004 Tsunami the island’s property market is a shining star for the international clientele. Since property developments on Phuket’s west coast started as early as beginning of the 90’s is it logical that there is hardly any beachfront land is left in the high-density area between Laguna in the north and Kata in the south. This area has been the property hotspot for the past years but now developers are launching more and more projects elsewhere due to the aforementioned reason of land scarcity. Still seen as the top locations on the island, properties in Surin, Kamala’s Millionaire’s Mile and in the Laguna area command top prices. Amongst the various high-end villa developments that have resale units there is an increase in condominium developments in this area. The north-west with Naithon, Nai Yang and Mai Khao seems an interesting hotspot for new developments. With Trisara being the first luxury resort in this area (which also has villas
58 THAILAND ESTATES PROPERTY GUIDE I www.ThailandEstates.com
for sale) new developments seem all in an upper to high end segment. Malaiwana, Istana and Pearl of Naithon are the first projects that proved successfully in this less developed area. Further north, in Mai Khao, the megaproject West Sands is rapidly gaining shape with the first units nearing completion. Over the coming months it is expected that further developments will be launched in this area. The east coast is becoming increasingly interesting for buyers due to its ideal conditions for boating with several marinas and Phang Nga Bay just minutes away. Cape Yamu with its high-end developments such as “The Cape”, “The Yamu” designed by Phillippe Starck and Baan Yamu seems a favourite spot as well as Jumeirah’s private island development Barama Bay or Royal Phuket Marina. With a total of 3,712 units on the market and a take-up rate of approx. 46% (1,708 units) there is a sign of oversupply in the market. The 10-30 million Baht segment shows the biggest supply of approx. 2,194 units (approx. 59%) and a take-up rate of 43%. Overall the market is still balanced in terms of supply and demand.
Property Comparison I EDITORIAL
Royal Phuket Marina is Phuket’s most desired marina development with property prices of up to US$ 10 million.
Overall a positive development is expected with a consolidation in 12-24 months.
Who should buy? If you look for ultimate luxury and prestige properties then Phuket is definitely the right market for you. A sophisticated clientele with a desire for a private home in a resort with good infrastructure will always come to Phuket. There is no comparable place in Southeast Asia. This has driven prices for high-end properties so far and these prices will remain/increase further.
The Village Coconut Island is a tropical hideaway with villas for sale just off the east coast of Phuket.
The total condominium supply in Phuket is approx. 2,035 units (55% of total supply). With an average square metre price of around 95,000 THB Phuket condominiums are amongst the priciest in Thailand. The average price for a condominium unit in Phuket is 13.1 million Baht. With around 45% of the total supply (1,677 units) the villa market shows a take-up rate of 55% (917 units). This is a good sign for a vigorous market development as currently most projects are still under construction or off-plan. The luxury segment shows the strongest take-up rate for properties between 70 and 100 million Baht with over 70% sold. Especially beachfront properties on the west coast – if they come on the market - command premium prices of US$ 5 and more.
The average price for a villa is 33.8 million Baht.
Summary: Phuket still commands the highest property prices in the all the resort areas in absolute terms and in average. Top end properties command up to US$ 10 million and people are willing to spend this money for ultimate luxury or privacy and a unique property (e.g. private beachfront). Affordable units can be found in less desirable location further away from the beach or inland. West coast properties are still amongst the most sought-after but new areas offer better value for money.
Families with the wish to permanently relocate can find a top international school and facilities here. But also for buyers of holiday homes Phuket is the right choice offering good-value-for-money properties. However, prospective buyers should bear in mind that these properties can be located further away from the beach.
Insider tip: The islands in Phang Nga Bay develop rapidly. Koh Lanta and the sister islands Koh Yao Yai and Koh Yao Noi still offer true island lifestyle and there is plenty of beachfront land for sale. Coconut island – just 650 metres off Phuket’s east coast – offers a private resort with beachfront and 2nd line beachfront villas with all facilities. All year round living is possible but the resort will manage rentals too and attractive returns can be gained.
www.ThailandEstates.com I THAILAND ESTATES PROPERTY GUIDE 59
EDITORIAL I Property Comparison
Samui Samui is often compared to Phuket as its smaller “boutique sister island”. However, with its natural beauty, a laid-back lifestyle and the history as a backpackers destination it attracts very a different clientele than Phuket. Over the past few years Samui property market has suffered due to some “cowboy developers”, and bad press about land encroachment, fake land titles, to name but a few. This has put a bad light on the whole real estate market from which it has recovered over the years. The announcement of several 5-star hotel chains coming to Samui and reputable developers behind those projects, which often offer units for sale, have changed investor’s views towards Samui. The likes of Four Seasons, Conrad Residence, W Retreat & Spa and Banyan Tree are showing that Samui is now catering towards a much higher end market to offer these outstanding projects to.
Even the smaller-scale projects are now showing a much more professional setup and are bringing in added benefits for the peace of mind of purchasers. Professional legal advice, escrow accounts, financing options, often land title insurance ensure that customers are getting what they pay for. The condominium market is developing further, making up 19% (approx. 350 units) of the total supply now. The take up rate is 47% (167 units) although most projects are being sold off-plan or are currently under construction. With approx. 1,200 units, the villa market makes 67% of the total supply. The market here differs a lot from affordable units from as low as 1.8 million Baht to high-end properties of up to 200 million Baht.
The average unit price for both condo and villa is approx. 14.8 million Baht. It is expected that the market will consolidate over the next 2-3 years and quality projects will increase in value whilst low quality projects with insufficient marketing and/or property management will remain stagnant in terms of both, rental income and resale value.
Summary: The Samui property market has a great deal of potential and is still booming. Lacking of on island infrastructure slows this development but with brand names coming to the island there is an upwards trend in sight. The market shows stronger development towards condominium units and prices are expected to increase in conjunction with higher quality of developments and branding.
Actual view from CD&P, Koh Samui, Thailand
Who should buy? Samui is still an affordable market with averages prices much more attractive than in Phuket (average price per unit in Samui 43% of Phuket properties). Therefore it is a good entry-level market with prices of villas below 2 million Baht.
Actual view from CD&P, Koh Samui, Thailand
60 THAILAND ESTATES PROPERTY GUIDE I www.ThailandEstates.com
Samui offers more private estates for nature lovers. Less density in construction has preserved the island in far parts unspoilt and naturally beautiful and it is still affordable to purchase beachfront properties for below US$ 1 million.
Property Comparison I EDITORIAL Summary: Pattaya is an attractive permanent residence destination with its city lifestyle and full range of facilities, entertainment and shopping. With many big Bangkok-based developers having projects there the level of quality is very high which reflects in the high average price for units. Pattaya can be seen as an interesting investment market with high rental yields and capital gains due to long-term structured lease contracts. Prestigious developments close to the beach command premium prices but will increase in property values over the years.
Who should buy? Investment buyers find an excellent product range in Pattaya. Whether for capital gains Central Pattaya still commands top prices due to the easy access to all facilities.
Insider tip: The south-west of the island is the next place to invest in. Prices are still really attractive compared to the North-east coast and capital appreciation for land is above 15% per annum. Beachfront land in Koh Phangnan is the ultimate tip for investors. Koh Phangnan is the next frontier in resort development and now is the perfect time to start acquiring land there. Prices have increased over the last 12 months already and they are expected to rise further exponentially.
Pattaya Pattaya is fastly becoming one of the more sought after holiday resorts now catering for the now high-end clientele. Driven by local tourism – mainly Bangkokians and the close proximity to Suvarnabhumi Airport Pattaya noted the highest rate of tourism arrivals in all resort destinations in Thailand. What attracts visitor and weekenders and residents alike is that Pattaya offers full city lifestyle in a beach location. It is a watersportsmekka with full array of activities from diving to windsurfing, fishing, boating, and many more. Pattaya is in easy reach of more than 20 top golf courses amongst many other sports activities. There is a great variety of shopping, fine dining and nightlife. Last but not least the easy access from Bangkok makes it an attractive weekend getaway for many Thais and local expats. Most sought-after are the locations in North Pattaya and Jomtien Beach with many refurbished high-rise buildings in central Pattaya. The average square meter prices for condominium units are now at THB 96,000 and are expected to increase further.
Pattaya’s investment market is one of Thailand’s most attractive. For good rental properties yields of 6 to 10% are common. Properties are usually rented on long-term contracts (6-12 months) to expatriates that work on the Eastern Seaboard or retirees. With a widespread tourist clientele from Europeans (UK, German, French), Korean and Chinese and more and more Eastern Europeans. As mentioned above, Bangkokians make up approx. one third of the Pattaya tourism market. With buyer groups being as mixed as the visitors and therefore the overall demand is strong. That has positive effect on the resale market where units can get attractive capital gains.
with a look to resell in 3-5 years or rental returns from long-term leases Pattaya offers great investment opportunities.
Insider tip: Refurbished condominium units in Central Pattaya offer best value for money as square metre prices are far below average and often these buildings come in top locations whilst new developments are located outside the town centre and away from facilities. Often additional benefits such as guaranteed rental returns and financing are offered too. *Research figures for Pattaya were extracted from Raimonland Condominium Focus 2008
www.ThailandEstates.com I THAILAND ESTATES PROPERTY GUIDE 61
PATTAYA BEACH CONDOTOWN I EDITORIAL
INVESTMENT OPPORTUNITY
IN CENTRAL PATTAYA
Pattaya is fast becoming one of Thailand’s property hotspot with an
their advanced booking system and travel agents network the returns
increasing demand from both Thai and foreigner buyers. Whilst Pattaya
of 7 - 9% p.a. are expected and owners can still enjoy 10 days per year
is still only a short drive for a weekend getaway from Bangkok, more
in their unit. This investment option is not mandatory and owners can
expats and Thais are looking for a holiday home there.
make full use of their unit if they wish to.
Demand from abroad is higher than ever with Eastern and Western Europeans as well as Americans making the strongest buying groups. When looking for a conveniently located condominium, purchasers should not miss the opportunity to see the new N88 Development. Only 100 meters from the beach in Central Pattaya and close to all amenities, restaurants and entertainment these condos are the perfect lock-up-and-leave units for a short holiday or a weekend retreat. Previously managed as a hotel on the 7th to 10th floor, they were
The chic furniture package is free and buyers can obtain special mortgage
recently converted into residential units, completely refurbished and
packages for up to 50% for foreigners and up to 80% for Thai of the
upgraded to meet international standards. The studio and 1-bedroom
total sales price. This can give an additional boost to your investment
units all feature modern interiors with Slim TV, laminated flooring
and can maximize returns whilst hardly affecting one’s personal cash
and stylish design furniture. Each unit boasts magnificent sea views.
flow situation.
The hotel also features a range of facilities that the owners can enjoy whilst staying at N88.On the 5th floor there is a Mediterranean-style
N88 is a unique opportunity for buyers that look for a prime area close
swimming pool which will be surrounded by tropical landscaping.
to entertainment or for pure investment purposes.
N88 is also a great investment opportunity with returns of approximately 24% over 3 years. With the hotel management renting the rooms via
For more information please contact our Pattaya office Thailand Estates Corporation 573/78-79 Moo. 5, Pattaya-Naklua Rd. Soi 25, Naklua, Banglamung, Chonburi 20150 Thailand T: 038 412232 F: 038 412221 E: pattaya@thailandestates.com W: www.thailandestates.com
www.ThailandEstates.com I THAILAND ESTATES PROPERTY GUIDE 63
DIRECTORY I ■ Airlines/Airport Samui Airport 99 Moo1, Bophut, Koh Samui 84320 Tel: 077 425 011-4 Ext. 102 077 425 029-30 Bangkok Airways Samui 99 Moo4, Bophut, Koh Samui, 84320 Tel: 077 422 512-18 077 425 029-30 Fax: 077 424 559 Email: reservation@bankkokair.co.th Website: www.bangkokair.com ■ Shipping Pcr. Cargo & Freight Co., Ltd 33 Moo3, Bophut, Koh Samui 84320 Tel: 077 231 942 Bkk. 02 805 4429 084 190 6445 089 125 8409 Fax: 077 230 665 Phantip (1970) Co., Ltd. 11/4 Moo3, Angthong, Koh Samui 84140 Tel: 077 421 221-2 Fax: 077 421 222 Raja Ferry 1 Moo2, Lipa Noi, Koh Samui, 84140 Tel: 077 415 230-3 077 471 151-3 Fax: 077 415 234 077 471 154 Email: ferry_samui@yahoo.com Seatran Ferry Moo 3, Angthong, Koh Samui 84140 Tel: 077 426 000-2 Fax: 077 426 003 Email: info@seatranferry.com Website: www.seatranferry.com Samui Kohn song 83/2 Moo 3, Maret, Koh Samui 84310 Tel: 077 424 206 UPS Parcel Delivery Service Limited 109/44-45 Moo 6, Bo Phut, Koh Samui 84320 Website: www.ups.com ■ Car Rental Budget Car Rental 99 Moo 4, Bo Phut, Koh Samui 84320 Tel: 077 427 188 Fax: 077 427 189 Website: www.budget.co.th Samui Accom 99 Moo 4, Bo Phut, Koh Samui 84140 Tel: 077 245 599 Fax: 077 245 599 Email: reservation@samuiaccom.com Website: www.samuiaccom.com ■ Golf Courses Lamai Driving Range 22/6 Moo 6, Maret, Koh Samui 84310 Tel: 081 090 7213 086 282 0749 Fax: 077 418 995
Samui Golf & Sport Center 115/38-39 Moo 6, Bo Phut, Koh Samui 84310 Tel: 077 246 191 077 246 195 Fax: 077 246 194 Email: samuigolf@yahoo.com Website: www.samuigolf.net Santiburi Golf Court 12/15 Moo4, Mae Nam, Koh Samui, 94330 Tel: 077 421 700-8 Fax: 077 421 709 Email: santiburi@dusit.com Website: www.dusit.com
Sanitation and Environment Division 29/1 Moo 1, Angthong, Koh Samui 84140 Tel: 077 421 421 ext. 108
■ Police Stations
Social Welfare Division 29/1 Moo1, Angthong, Koh Samui 84140 Tel: 077 421 421 ext. 113
Chaweng Police Box Moo 6, Bo Phut, Koh Samui 84320 Tel: 077 422 067
Technical Service and Planning Division 29/1 Moo1, Angthong Koh Samui 84140 Tel: 077 421 421 ext. 113
■ Government Offices
■ Hospital
Agricuturai Department Moo 3, Angthong, Koh Samui 84140 Tel: 077 421 050 Fax: 077 421 050
Bandon Int. Private Hospital 123/1 Moo1, Bo Phut, Koh Samui, 84320 Tel: 077 245 236-9, 077 425 382-3 Fax: 077 425 342 Email: info@bandonhospital.com Website: www.bandonhospital.com
Disaster Prevention and Relief Section 29/10 Moo 1, Angthong, Koh Samui 84140 Tel: 077 421 421 ext. 106 Education Department Moo 3, Angthong Koh Samui 84140 Tel: 077 421 247 Finance Division 29/1 Moo 1, Angthong, Koh Samui 84140 Tel: 077 421 421 ext. 112 Fisheries Department Moo3, Angthong, Koh Samui 84140 Tel: 0 7742 0372 Fax: 0 7744 0372-3 Immigration Office Moo3, Angthong, Koh Samui 84140 Tel: 077 421 069 Fax: 077 421 069 Koh Samui Municipality 29/1 Moo 1, Angthong, Koh Samui 84140 Tel: 077 421 421 ext. 110 Koh Samui Tourism Coordination Center 370 Moo 3, Angthong Koh Samui 84140 Tel: 077 420 504 077 420 720-2 Fax: 077 420 504 Email: tatsamui@tat.or.th Municipal Clerk Office 29/1 Moo1, Angthong, Koh Samui 84140 Tel: 077 421 421 ext. 110 Provincial Electricity Authority of Koh Samui 37/1 Moo1, Angthong, Koh Samui 84140 Tel: 077 234 128 Fax: 077 234 126 Public Prosecution Department Moo 3, Angthong, Koh Samui 84140 Tel: 077 421 253 Fax: 077 421 253 Public Works Division 29/1 Moo1, Angthong, Koh Samui 84140 Tel: 077 421 421 ext. 107
64 THAILAND ESTATES PROPERTY GUIDE I www.ThailandEstates.com
Bangkok Samui Hospital 57 Moo3, Bo Phut, Koh Samui, 84320 Tel: 077 429 500 Fax: 077 429 540 Website: www.samuihospital.com Samui Hospital 61 Moo 1, Angthong, Koh Samui, 84140 Tel: 077 421 230-2 077 421 232 Fax: 077 420 150 Samui International Hospital 90/2 Moo2, Bo Phut, Koh Samui 84320 Tel: 077 422 272 077 230 781-2 Fax: 077 230 049 077 422 775 Email: info@sih.co.th Website: www.sih.co.th Thai International Hospital 25/25 Moo6, Bo Phut, Koh Samui 84320 Tel: 077 414 400-9 Fax: 077 245 690 077 245 692 Email: thaiinterhospital@yahoo.com Website: www.thaiinterhospital.com ■ Insurance American International Group 64/21 Moo 3, Bo Phut, Koh Samui 84320 Tel: 077 422 440, 081 536 9136 Fax: 077 422 709 Email: suvitht@aia.co.th Ayudhya Allianz C.P Insurance 126/60 Moo 3, Maret, Koh Samui, 84310 Tel: 077 419 170-1 Fax: 077 419 171 Bupa Health Insurance 26/12 Moo 3, Bo Phut, Koh Samui 84320 Tel: 077 239 022 Fax: 077 239 021 Email: samui@bupa.co.th Website: www.bupathailand.com
Bo Phut Police Box Moo 2, Bo Phut, Koh Samui 84320 Tel: 077 425 071
Lamai Police Box Moo 4, Maret, Koh Samui 84310 Tel: 077 424 068 Mae Nam Police Box Moo 1, Mae Nam, Koh Samui 84330 Tel: 077 425 070 Marine Police 359 Moo 3, Angthong, Koh Samui 84140 Tel: 077 421 245 077 421 245 Nathon Police Station 17/16 Moo 3, Angthong, Koh Samui 84140 Tel: 077 421 095, 077 421 097-8 Fax: 077 420 506 Taling Ngam Police Box Moo1, Taling Ngam, Koh Samui 84140 Tel: 077 423 009 Tourist Police 304/8-9 Moo 1, Angthong, Koh Samui 84140 Tel: 077 421 281 Fax: 077 421 360 ■ Important Phone Numbers Tourist Police Tel: 1699 Police Tel: 191 Immigration Tel: 077 421 069 Ambulance Tel: 077 421 230 Tourist Information Tel: 077 420 504 Harbour Master Tel: 077 421 245 Samui Airport Tel: 077 425 012 ■ Lost Credit Cards American Express Tel: 02 273 0022 Diners Club Tel: 02 238 3660 Master & Visa Tel: 02 299 1990