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This property is a 53 SqM Hotel Apartment with 1 bedroom and 1 bathroom that is available for sale as a six-year investment.
It is part of the The Beach Samui project in Taling Ngam, Koh Samui and was completed in Nov 2018. You can Invest in buy this Hotel Apartment for a base price of ฿5,390,925 (฿101,716/SqM).
The Suite is part of the hotel operations and as such, there are 28 days maximum annual use with the Investment (not available during super peak & blackout dates such as Christmas, NY, Chinese NY, & Songkran) The Investment returns based on future rental are 6% per year, paid quarterly, together with a buy-back at the end of the 6th year at 125% of purchase price.
Total returns are 161%. A shorter investment term is available with the re-purchase 112%, totaling 130%.
Foreign nationals can be freehold owners of condominium units, in buildings where not more than 49% of the unit floor space is owned by foreigners. Units that are part of the Thai quota or are being leased for 30 years can be converted to the foreign freehold quota if that is currently below 49%.
Foreigners can own a condominium Freehold in their own name. Condominium ownership is best explained by looking at an example of a project that has 100 units for sale.
In this example, 49 of the total units in this building (or 49% of the total salable area) can be owned outright by non-thai nationals in their name. The ownership titles of these 49 units is referred to as Freehold or Foreign Quota.
This leaves 51 units remaining in the building (or 51% of the total salable). The freehold rights to these units are reserved for Thai nationals in what is commonly referred to as the Thai quota.
After you have found the right property at The Beach Samui you have to follow these steps:
Thailand has different visas like Spousal Visa, Retirement Visa, Student Visa and Elite Visa - just to name a few options. Each visa has different requirements but they are usually easy to obtain.