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The first inhabitants of Koh Samui settled about 500 years ago. They were fishermen looking for shelter against the winds in the quiet and protected waters of Bophud bay, in the North of the island. The story of Samui started to change at the beginning of the 80's, when it was discovered by backpacker travelers. These travelers brought the creation of small simple bungalow resorts with palm leaf roofs, but the secret could not be kept for long and now the island is fast becoming a resort of international stature. Prices have already increased a lot in the last 11 years. In 1995, a rai (1600 square meters) on Chaweng beach was worth 5,000,000 Baht, it sales now at 30,000,000 Baht,. On other beaches, in the South East, went from 800,000 Baht to 12,000,000 Baht today. Considering the high demand, prices will continue to rise even more in the coming years. A Foreign National may own:
The agreement is drawn up in the Thai and English language and details all points with regard to the term and agreements. A significant factor with regards to leasehold purchase, despite being simple and straight forward is that, with appropriate extension agreements and clauses, as well as purchase options, all of which are written into the lease agreement, a 30 year lease can become the equivalent of a Freehold purchase. This is the most popular way for Foreign Nationals to purchase land and property and a very large percentage of European residents on Koh Samui have purchased on this basis. The laws of Thailand with regard to land purchase currently state that a Foreign National cannot own outright Freehold land, this law according to many may change in the future.
As always, warmest regards |
Koh Samui lies 700km south of Bangkok, in the Gulf of Thailand.
and is 280 Km2, is the largest island of the Gulf of Siam, about 1
hour from Bangkok by plane. It is part of an archipelago of 80
smaller islands of which 6 only are inhabited. 
A unit in a registered condominium ( i.e, A flat or apartment)
2. A building or premises ( separate from the land it is built on)
3. A registered leasehold of up to 30 years for all types of titled
land (and/or buildings) renewable once or twice ie 60 years or 90
years in total. For most purchasers a leasehold agreement, which is
legally binding between both parties in the eyes of the law, is the
simplest and most straight forward way to take possession of land or
property in Thailand. 
Indeed it has been discussed within some Government circles. A
leasehold agreement can stipulate in a separate clause that, should
the ownership laws change, the Lessee will automatically become the
owner of the Freehold title of the land It is highly recommended, by
Teal Bay Vacations Co. LTD., that the prospective owner of a
property retain counsel for advice on these legal maters. We would
be happy to supply the names of some solicitors here on the island
as well as in Bangkok.