Investor · Lawrenceville, GA · Member since 2016 · 10 posts · 0 votes
Offering a beautiful 2,736 sqm (29,450 sqft) plot of land on the island of Koh Samui, Thailand. Lot is situated in the private gated residential development of SANTI THANI on the north coast of Koh Samui. Development has paved roads. Electric and water lines are installed to the lot. Only 15 min to airport and 20 min to Chaweng Beach
Plot is situated at the top of a hill and overlooks a coconut plantation with a distant view to the sea. Property is a leasehold for 30 years with an additional right to renew at no additional cost for another 30 years. First 30-year lease expires 2031. Lot is all usable as it has a gently slope.The perfect site for building that luxury vacation or retirement villa. Only 5 minute drive to the new Santiburi Golf & Country Club in Maenam.
Will consider sale (asking price US$95k) or swap for investment property, preferably in Florida.
Yes, foreigners can acquire land in Thailand on a 30-year leasehold arrangement with a right to renew for a subsequent 30 years at no additional cost. Until last year, I was living in Singapore since 1997 and I purchased the property in 2001 with the intention of building a retirement home. My plans have since changed so I am looking to sell/swap the property. If you had any interest, first step would be to contact the local real estate broker who has listed the property and we could figure out the actual logistics from there.
I am not familiar with Thai law, but I believe all that would be required is for me to transfer the deed to the new buyer. My leasehold contract has a 'right to transfer' clause. The only point I'd have to check is whether the 30-year term resets back to zero for the new buyer (so you would have a total of 60 years available) or if you continue to run out the remaining term on my lease (expires in 2031).
I am currently living in Manila, Philippines, but have plans to relocate back to the US later this year. Should you wish to reach me, you can email me directly at [email protected].