For prospective real estate investors, Koh Samui, Thailand, continues to provide a variety of villas for sale in Koh Samui intriguing alternatives. The underlying value of real estate and land in Thailand is being maintained because most buyers pay cash. After all, obtaining bank financing is so difficult. However, because the majority of buyers are foreigners with diverse asset portfolios, there are now some promising opportunities for anyone with capital investors who are prepared to think about expanding their property portfolio.
For the foreseeable future, large branded resorts and spa resorts continue to select this Island and top 10 vacation destinations as an investment hub. Several hotels are being constructed on this tropical island as it continues to gain prominence, including the Conrad Hotel and the newly inaugurated Ibis.
Major real estate firms are also developing several luxury villa resorts as they see a promising future for the luxury travel industry. Despite the current political unrest in Thailand, well-known vacation spots like Chaweng, Cheong Mon, and Bophut continue to draw tourists from all over the world.
Property purchasers have chances thanks to the present global financial crisis, which began in late 2008 and has pushed some owners to lower their asking prices to sell their properties. Both new off-plan homes and Villa for Sale in Koh Samui are choices, and both are now offering purchasers significant cost savings. As the busy season approaches, the market is largely unchanged, with bargain properties popping up as sellers offer discounts to generate interest.
When an owner wants to swiftly discharge the cash in a property, we are now seeing discounts of up to 40% off some sales units. A four-bedroom recently constructed property in Bang Makham, which was previously listed for sale for 25 million Thai Baht (715 thousand US dollars), has been marked down to just over 15 million Thai Baht (429 thousand US dollars) to facilitate a speedy sale. The Thai Baht has made significant gains against a wide range of currencies, and developers are understanding that to retain and drive sales, they must provide special discounted prices.
Additionally, developers and innovative marketers are marketing by including some inventive financing arrangements, which occasionally include extended payment terms of three years. Others offer lengthier periods of up to 10 years for private financing with down payments between 40% and 50% of the total cost.
Examples of one particular special promotion are the new prices being offered by Samui Emerald Condominium in Plai Laem, Koh Samui, in which they are encouraging their first-class product through the sale of leasehold units. At the time this article was being written, a 44 sq m fully furnished unit could be purchased for just over 50,000 GBP (2,640,000 Thai Baht). In this instance, the foreign buyer would have to establish a Thai corporation to buy one of these unique units. While the market offers some intriguing chances for the savvy investor, consider Koh Samui, Thailand.