3 Ways to Buy a Villa in Koh Samui, Thailand 🇹🇭
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- เผยแพร่เมื่อ 13 ต.ค. 2022
- What are your options when buying a house or villa on Koh Samui, Thailand? This video will show you 3 ways so you can begin living in Thailand!
Every time I go back to Koh Samui I meet more people who are deciding to make it their home, or at least their 2nd home. Join me as we look at a Turnkey Resale Villa, an Off-Plan Development and a Bespoke Villa that is half done and gives the opportunity to customize the finish how you like.
Contact RW4U Real Estate: connect@retiredworkingforyou.com
(this is a new project spearheaded by my nephew Adam and our goal is to try our best to help anyone in this community find their villa or condo of your dreams when you are ready to start spending more time in Thailand)
My followers now get 10% off at my favorite Beach Resort - Melia Koh Samui. Just contact them and tell them you know the secret code "RW4U" and they'll give you 10% off. Just my way of thanking you all.
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My goal with this channel is to grow a community of people who like to have fun.
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I'm so happy to be working with my Nephew with the mission to create things to help Thailand Lovers get closer to the country we all love so much....so if you are looking to buy or rent something here it's Adam who'll be your first point of contact. You can reach him here: connect@retiredworkingforyou.com
How can you buy it? If u are not Thai?
@Mauwie Morris 30 year is no guarantee. they can throw you out!
@@scott8057 ?
@@SofyaBarth you have to be married to a Thai to own individual houses . The only thing you can own is high rise condos.
@@robdavinroy1761 Not true ~!~~ Land you can't own, house yes!!
We’re planning to retire in BKK soon. But each person/family needs are different, but ditching out 5-10 plus millions Baht doesn’t making any sense to us. Instead putting 5-10 millions Baht into Index Fund and living off on your return and use that money for rent. Rent in Thailand is cheap. This way we will never run out our investment principle. If your circumstance change, you can move, instead of struck with a property you cannot sell and recoup your money. That’s are plan, rent instead of buying. We want to be mobile, if the neighborhood change, we can move to another location.
You can buy a condo for around 3.5 million Baht and less. More also but it depends on how many people you have loving with you.
Not to pry, Can you recommend any index funds that have been promising or look to be in 2023? 😁 Have a blessed New Year.
@@man4YAWEH454splg
You are very correct!! Wow never thought of that! Put it in an index fund and just rent!!! Plus you can't even own in Thailand
With so many affordable options to rent in Thailand it’s a no brainer.
Samui, Phuket, Bali are definitely slowly offering more and more expensive houses, more and more western property developers have moved in and are looking for huge profits off the backs of cheap labor and cheap materials. capitalism at its finest. enjoy these islands while you can because eventually all the islands will eventually become developed and expensive.
foreigners are moving in more and more and changing the landscape.
As a Canadian Expat, I’ve been living in Phuket for the past 24yrs. Living on my boat initially, I purchased a Freehold property inside one of the local golf courses in 2003. I had the house completely “gutted” down to a concrete shell and rebuilt from the ground up…. spending much, much more than I should have (18MTB… more or less…. Probably more. Hahaha….
Factors that many newbies don’t consider when building new, or when buying an existing property is if the property is Freehold or Leasehold, Common Area Maintenance Fees, Security, Road Traffic, Electrical….etc.
What I pay annually for my Common Area Maint Fees (26,000B/yr) are what some developments charge per month.
Regarding Electrical Billing…. Make sure that you pay directly to the Provincial Electrical Authority (PEA) as I do. Otherwise, the developer managing the housing project will charge you more than the standard PEA rate. Earlier this year I installed a Solar Grid-Tie Inverter (GTI) system (No Batteries) that is reducing my monthly electrical bill by -30%. I plan to double up the system for a total reduction of -60% early next year. Prior to installation of the GTI my monthly electrical bills were around 2,400B/mo. Now they’re around 1,600B. With the system completed early next year…..800B/month.
ROI for the GTI system is about 3-4yrs. I have met some expats who pay 16,000B+/mo mostly because they have a swimming pool, a wife who wants Air-Con 24/7 and a ridiculous electric car….
Freehold with Chanote vs Leasehold (30yr Rental)
I chose to avoid Leasing as there is no guarantee that the Thai owners of the land/project will renew the lease. They could very easily and legally say Bye-Bye to you at the end of the 30yrs. I chose Freehold with an Usufruct and actually own the house / structure. I have a Tambian Baan (Yellow Book) with my name in it, which has also allowed me to obtain the Thai ID Pink Card….. which is a great “supporting” document for when dealing with government officials etc…..
Legal Due Diligence issues. Many property developers have in the past, been in bed with local law firms. In order to avoid any unwanted “issues” or improprieties, I hired an American law firm in BKK to conduct the DD on both the developer and the property in Phuket.
There is a lotta work involved to get it done right, but if it is done right….. it’s worth it.
Thanks for putting in the effort to share this info. You may save someone's bacon by providing these insights.
You clearly are in very high end income bracket. Thanks for sharing. Important info.
@@BG-wm2tw
While I may have been in what many would consider a high income bracket, that is no longer the case.
In July 2020 due to C19, all pilots over the age of 60yrs (I was 62yrs at the time) were forcibly “Retired” from the cockpit in Abu Dhabi where I was flying helicopters to offshore oil platforms. Working a 2 month ON / 1 month OFF rotation for over 24yrs in the mid-east…. Life was good.
Fortunately all is bought and paid for here on Phuket as I have some doubts as to weather my $435CAD (12,000B) monthly pension cheque would cover all my expenses…… Hahaha
@UCgQKAUo7MfrphfmXJGY3soQ
All assets and property remain secure. Had a Thai wife once… Never again. I too old school. I don’t particularly care for my wife leading a double life with her Swedish Boy-Toy, while I was away at work in Abu Dhabi. Shit happens…. Deal with it.
If you want companionship…… Get a dog. With that said, I now have a 21 month old Golden Retriever…..
@@verticalift well said. Lots these people are so eager to buy Thai women houses and businesses just so they can live in TH. What happened to renting? It’s crazy.
Great Video Chris! Thank you for making this!
Great video and information for someday when I can afford to buy a villa in Samui! 🏝️🏡
Beautiful places . Would love to see more .
I went to Samui earlier this year and did the full property tour with an agent for a day.
What you dont see is how bad the infrastructure is on the island. Constant black outs, when it rains the road is totally covered in dirt.
You could be buying a place that costs 700k USD and right next to you are people living in DIY huts made out of sticks.
Some of those villas on the hill, the road to get up there is downright scary, 30 degree plus inclines, very narrow road with huge drop offs.
Also theres no real investment opportunity here, the prices dont go up like they say they do, if anything they go down. Its just like in Bangkok where developers are pumping out new builds. The more you customise it the harder it is to sell and the more expensive the smaller the target market on resale.
I was completely turned off when i went to see for myself and in the same breath i can say this video makes the place look great. Thailand is a very strange country, i lived there for long enough. It has a lot of positives but it also has negatives that are not often spoken about.
I lived in Phuket for 4.5 years and what they don't show is the dreadful build quality, saw lots of building work in my time there, read the local newspaper and see the complaints from even wealthy Thais who buy them and complain how badly they are built, leaking roofs etc, water pouring in when it rains, electricity brown outs were often in Phuket
@@malcolmrowe5031 Exactly right. I think low quality is pervasive in the entire country in many different areas.
They will always do the dodgey or cheap easy fix rather than do something properly.
Exactly, he is misleading people
THATS RIGHT...this is why you should never ever pay 300k upward 700k is laughable! The purchase infrastructure and amenities is of non existence and everything u say.. one can get more in Texas for under 300k. Yes folk in Thailand are so very greedy n opportunistic sadly! Just cannot compare Western pricing to anything in Thailand. I mean look at Bangkok right now. Flooding hell hole because of the new train infrastructure, clearly civil engineering is grossly lacking, this is what I'm talking about! Value comes about with high quality standard of living through local council and infrastructure.down into the town amd surrounds, I mean I don't see correct drainage if any hence flooding roads everywhere.. I would be concerned with land slides with poor building developments and substructure of buildings.
Chris sunk his retirement cash pot into a huge Samui villa so he's got the delusion of a sunk investor.....
All the best for your new business venture.
Hi Chris, first time I have watched your vids and really enjoyed, so subscribed, those condos were pretty amazing, loved the views and the facilities. My partner and I are coming to Bangkok late March early April, will also visit Hua Hin and Koh Samui. Will look around, Cheers mate
Thanks for this informative video 🙏🏻
I met Andrew thanks to you. He was great!
Cheers @N Dowling. Was great to meet you, too. See you when you get back
I would never in a million years buy off-grid. So much uncertainty ...
Plan to explore Thailand once more on motorbike. Its all about the numbers..
Good luck to whoever buys it.
Beware: What they don’t tell you in this kind of bs videos is that you “ buy” the house but it’s actually a 30 year lease with option for another 30 year lease. So if you pass away your heirs get nothing. They keep everything. That’s the trick they don’t tell people till they are too far into the deal.
Bs is right
Caveat Emptor
Not entirely correct. There are new rules. There are also several ways to structure ownership. Talk to a lawyer who knows what options are open to you.
This is not true, he thinks he knows what he’s on about but he doesn’t. You can lease yes, you can get 100 year leases even, but YOU CAN own a house (and the land) varies ways to get round but with a good lawyer anything is possible.
@@JamesWynnReal you mean get around the law that prohibit ownership of land by foreigners. ? Which is never a good thing because it can can create legal issues later on in so many different ways.
There are people who go around spreading that narrative to gullible people that you can just go buy a house in TH ; and guess what the people who are spreading that narrative online are local Thais with western fake online names. Good thing is that more and more people are becoming aware of this bs narrative.
They are so close together. I would want one but I need space
I'm ready before the video begins 😂
Great vid Chris. Could you do more similar vids of cheaper properties on koh Samui please preferably 1/2 bedrooms. 😊
Just rent.
Keep your house at home and rent that out too.
The capital growth will be far, far greater.
Nice cribs! Gracias.
I really enjoy your site. I wish my children were older. I'd move to Thailand tomorrow.
My first trip coming up in January
Thanks, i'm actually looking to get a condo wich i could rent half year... awsome vid
God help you
Keen !
Hi. I think we saw in one of your videos in Phuket you visited a restaurant called Baan Rim Pa. Can you remember if it was any good? We’re visiting next year and want a good restaurant for an 18th birthday meal. If this one’s no good, any other suggestions? We’d like somewhere special. Thanks! 😊
no such thing as a bad restaurant in Thailand.
Absolutely amazing Australian Built luxury home.. brilliant Job.. professional presentation 👌
Really lol not for 2M
Fyi: Australian built = cheapest low quality materials looking for someone who has no idea about construction to pay a ridiculous amount of money for them.
Great info P. All 3 places look amazing. Think I stayed in Simon's pad several years ago. Good luck with the new branch of RW4U real estate.
Thanks Birdy.
If you’ve got $2 million to spend on a house I don’t think worrying about the government water rates is of great concern……
@retiredworkingforyou when purchasing a property does it have to be paid in full at the time of purchase?
Looks great. Finally booked our tickets to get back to Thailand 🇹🇭 in early January. It will be my second trip to Thailand so very excited. And I am in the process of setting up Thailand business now. :) can’t wait 😃🏝
first😎
I like the “TURNK” Villa, Chris & Adam. 😂 Great information, Beautiful location in Samui! 😊
Great video, Chris. Thank you for sharing. Have a great weekend.
Moving to Thailand from US, do you have any issues accessing your US bank acc there, i know 2 of my accounts have IP based security, i am concerned i will not be able to have access there... Any advise?
Good job dude!
Thanks!
Oh dear
Wow nice villas
I thought foreigners couldn't buy land in Thailand. I heard they can buy some condos if the foreign ownership percentage is below a certain amount, but a detached villa would require a land purchase or lease.
Correct
Are these houses on the hill Bulit on bed rock , has the foundation been fixed on rock
A little bit off topic , what is the brand of your sunglasses they are really nice ?
Thanks for this video Chris. I'm driven up to some of these developments in Koh Samui. Although the views are amazing, I couldn't see myself driving those extremely steep roads on the daily much less walking them.
yeah, i personally wouldn't live up in the hills either.....but some people love it. i prefer an easier drive home.
Hello Chris. always enjoy your videos. I know you love samui. I am an American engineer looking to build or buy with my thai wife. I understand these hills are sand with no rock? The foundations would not be a problem if they are using piers, but I wonder about the long term maintenance of the roads. What is your experience there? Also do you know how all these pools I see with so many new builds are maintained? Pool boys? Thanks so much
@@robdavinroy1761 The roads wash away easily in big storm!! the land they are build on is not stable!!
@@loveknowsnoborder and that amazing logic isn't working for you on your billion dollar youtube channel you poured so much work into?
@@loveknowsnoborder See i can tell you the secret nobody with real $$ here wants me to tell you. And the thing is, you wouldn't even care; you wouldn't have the means or the know-how to do anything with the information anyway. So here goes: MOST of the foreigners making CONSIDERABLE wealth here, have done so in real estate. Now you ask yourself how that jives with your narrative, that investing in real estate here is a fool's errand. And then ask yourself if it's possible that this narrative you and everyone else in the comments seem to have, might just be a little flawed. FYI, they (the ones creating generational wealth) love that you all seem to think you have it figured out. But you don't. And me telling you this won't change anything for a single person, especially you.
Can a foreigner buy residential property in Thailand ? Condo perhaps .
Building on the side of a soil mountain brings much concern to me. Malibu during the rainy season. What seems solid one day is sliding down the hill in heavy rain. Build look great though.
Good to know
Thanks for the info 😎
what would you recommend in looking for and being cautious about , for a person coming from the US for the first time.
Just do not purchase haha easy! Rent!
@@lecannet yup
Great video as always. Myself and my wife here in Samui right now till mid next week. What an absolute paradise.Can see ourselves owning a nice villa here in the future. Staying at the boutique hotel Villa nalinnadda which we seen in a vid of yours some time back.
Fantastic!
God help you
The second site -option #2( still being developed) I’d be concerned with erosion with mud slides during continuous downpours. ) - Something to be aware.
The third option, never do business in Thailand
As others stated beware you can’t own the land only the house. Similar to Bali.
How about something more affordable, ranging ~75k - 120k usd ? anything of this sort for a single person ?
There certainly is. You could get a nice little condo for that.
can you buy s as a foreigner in thialand villas? was thinking you can buy just flats.
Maybe one day can have a dream condo in samui.
Great video chris! Would love one of those nice homes on Samui. It my dream spot to live.
I like. But I'll wait till after Thai Baht devalues further.
Very beautiful places. But with the "dollar milkshake theory" becoming a reality buying with USD in 6 to 10 months should be extremely favorable.
What I love your about your show is you are funny like hell
What about the fact no foreign can actually own a land in Thailand? Just came from Thailand and we' ve heard about that
You are correct. This video is misleading .
Hey 🎉
Can I buy if I’m British foreigner? Thought we couldn’t buy?
It's not a really a cogent long range investment given the international issues in the region. I'd rent and be prepared with a swift exit strategy.
swift exit strategy? How much would like to bet that wherever you live is more dangerous than Samui?
How far away is the beach and restaurants, shoppingmalls...location, location, location...
Hi criss love your video .i was wounding if you know a good hospital in Thailand for surgery.i am from Vancouver Canada and the waiting lis is awful.i really appreciate it if you recommend it
check out this service that lets you browse all your options....... it's like the Airbnb of medical tourism and a good way to navigate through your process..... ever.healthcare/?RW4UYT01
Are there any studio and one bedroom apartments you can purchase that doesn't have an HOA fee ?
Mixed feelings when I watch this YT, sure the houses they are building are very nice but you also see the huge amount of nature they destroy on the hills everywhere where in the North of Samui. You want to live there on a beautiful Island with a lot of nature with getting less and less rapidly😔. I been too Samui 6 times from 2001 until now last time May and I understand the need for resorts and real estate but it has go way too far in my opinion.
The House isn't worth 2M
@@carloscort7604 something like that in N. Dallas would cost no more than $600K, walk in closets the lot. No view of course, maybe that what they think warrants the price?
I really liked this video. I miss living in samui and imagine that both you and your friend Andrew both have wonderful lives. Do yourselves a favor and wear your seat belts because whilst watching your video I noticed that the pair of you were cruising around without them on.
Property in Thailamd is just like food there....a farang price and a local price. Is ok to pay for farang price if you visit for a week. Unless one marry a local then is a good idea to buy a house.
If buying a new build/from a developer you must do proper research and should only buy from a developer that has already completed multiple successful projects (hard to find on Samui). There’s far too many that go bankrupt part way through and either don’t get finished at all or get finished to poor quality/don’t finish communal etc and you end up pouring more money in. So many horror stories, we were lucky and got a finished villa but only after a 4 year delay and having to pour thousands more in to redo most of the stuff as well as having to pay to finish communal areas.
GREAT advice.
Do not buy prebuilds unless you like loosing all your money - multiple cases where the developer just does not build and keeps your money
It's all about the reputable developer. You make money while you buy a property, not when you sell it. Presale prices are way cheaper.
Funny that most people with the money to afford houses like this have little opportunity to enjoy them!
Chris, you are liked and trusted. This sort of video hurts your reputation. Anyone who says a foreigner can buy a villa in Thailand is lying.
They always say go the company route. But most who do that claim they are going to rent it out. I think most people are not looking to do that they want to live there. Chris has moonstone villa but he rents it and doesn't live there. And he may have been able to build his samui house too using that Thai company he formed as the land owner? Wish he would do that sort of video and explain his situation.
Of course the energy demands for a building that size driving up costs for the entire country. But as they say…lucky farang.
You should do a video with buying cheap condos or apartments I have seen other people on youtube in other countries showing what its like to buy 5,000 to 10,000 dollar studios apartments. Cause someone like me who wants to move to thailand one day could not afford a 200,000 dollar place lol.
LOL are you chinese? Sorry couldn't resist that. But seriously....that's OK short term such as your vacation visit but thinking of living in a small box forever with no storage space or cupboards and you can't swing a cat....I couldn't do it.
What are the property taxes annual in Thailand?
Great job boys!!!!
Nice one one for this. Would really like to see what kind of villa I could get for £50,000 to £75.000.
You would just about get a small house only made for that budget but not on this island I’m afraid
@@JohnMartin22222 I guess it comes down to location. Can buy a brand new villa in chiang mai for £50,000
@@nick.gaffney the word villa to me though is a pool villa. I’m sure you can’t get that for 50k
thank goodness they make it hard for foreigers to own property thailand.
Are most villas built for vacation rentals?
Yes exactly, the owners don't care about the build quality, as long the villa has a very good ROI... There are also many rich Thais who invest in rental villas...
I've been pondering the idea of buying some real estate in Thailand in the next year or so. In fact, I contacted someone about a week ago in Pattaya about such an adventure. I copied the email you gave. When I am ready, I will send a message and get some help with this project.
God help you
Yeah, great!…..that 3rd villa, spend a fortune for the view and peace and tranquility……but you conveniently forgot to mention the airport flight path right in front of you with tourist jets thundering past non stop 24/7…….you’d be nuts to buy this!!
Conveniently forgot? Chris literally shows a plane landing and mentions the airport. 🤣
i built a house right around the corner. the planes aren't a bother at all. i guess for some they might be but it's some of the most sought after property in samui in that area.
@@RetiredWorkingForYou I’m sure it is…..you know White Rose KS?….my cousin owns it
Padel is right down the road from Cannabis Kingdom with all those epic cartoons on the wall. Who knew Choengmon Beach would be where the best cannabis is sold on the island haha
Why is the washing machine sunk into the ground in the first villa?
haha I noticed that too. Maybe it didn't fit the space? Does that mean the countertops were fitted too low? Appliances are standard sizes.
Do any of these have insulation? Exterior walls look like blocks only
Correct cheap made homes
you'd like to hold the heat in? in a tropical location? you must be a contractor with all that expertise.
Hey, I'm in Lamai. Fancy a Leo?
This was a great video. From what I have always understood, 'a foreigner' in Thailand is not permitted to own a home in their name. I understand that a person can own a condo in their name, but never a villa or a home. Am I missing something with that? Or do I need to put the villa in my or under come on my business name? Thanks
You can “own” a home here in Thailand…. But, you can not have the land registered in your name. A foreigner can not own the land.
The foreign owner of the home (“Improvements to the Land”) will be issued with a “Yellow Book - Tambian Baan” with your name written in Thai script inside.
@@verticalift got it. Thank you!
For what I know a farang can't buy a land in Thailand right or wrong?
You are right. It’s a misleading video to say the least.
Sounds good. Working on the first steps of getting my Thai bank account and driver's license in 2 months. Planning on retiring in 10 years.
You said you're building a house, who will own the house and land it sits on? A business 51% or more is Thai owned?
yup Chris needs to explain all this, especially since he is setting up a Thai property company (I imagine with the required number of Thai employees). I suspect the house he is building is going to be owned by his new property company? If that's the case, fine, good for him, but it's not how the average Joe here is going to be able to do it.
Villas are beautiful 🤩 in middle of the natural
Yes they are!
Nice for some, but i like my hut in My village.
There's just no way i'd put that kind of cheddar into a Thai property... those are some complete fantasy prices.
I was under the impression that the reason to move to Thailand was to get more for less at 2M for a villa with hardly any land I can buy 1 to 160 acres and build a Palace in the US.
I guess is becoming more expensive that the place is supposed to replace for that price I stay at home and visit Thailand.
I didn't see anyone using rebar or steel beams in their construction, it looks to me like highway robbery.
Thailand is well known for shoddy construction work, cutting corners to pocket cash with cheap materials, and poor design. It's virtually unheard of to have walk in closets, and they give you nothing for your money. But at least the Australian developer did that with his. Too pricey for me though that one, and as you say we can get better quality and value for the same money (or less) in the USA. I guess you are paying for the tropical experience and view?
I don't get it. Aren't only Thai nationals able to own property? When you "buy" a villa surely it is only a land lease? How does it work?
I live in the south of Samui, not crowded at all and palm trees everywhere. I will be doing a custom build and know buying a similar home would cost double here. Lamai will be a 7 minute drive away, Chaweng 30 minutes. I could not imagine escaping to a tropical island to retire and then living in a home side by side with many others, shopping malls, traffic congestion, a miniature concrete jungle. Land is less expensive in the south (draw a line from Lamai to Nathon, anything south of that) so you usually have a large garden as well, or a multi-building dwelling. My wife sells land all over the island so I have a good idea of prices and locations. Point being, there are many, many cost and location options on Samui, especially when you get further from the northeast corner of the island.
I agree i love the south end of Samui its heaven and the tourists cant seem to find too.
I would never pay 2M for a home in a third world country
@@carloscort7604 Thailand is not a third world country, and you don't have 2 million USD, so what you would and wouldn't do with that amount of money is irrelevant.
@@luxuryseaviewvillas6744 thailand is a definitively third world country and many people with disposable income have nothing better to do than sit on thir asses and fck off on the internet its issues the government and infrastructure in thailand esp on the estate islands is fcking atrocious due to somuch greed and corruption vs the extreme poverty ....
👍😎
Want...
Hello Chris, I’m interested! Michael
interested in thailand real estate you mean? if so, reach out to Adam at connect@retiredworkingforyou.com to chat more......
Are foreigners allowed to own land/property in Thailand? Or just rent
Foreigners aren't allowed to own property. That's what this video won't tell you
You can fully own a condo
@@marmary5555 well technically you can own the property, just not the land it's on. But I agree with your statement.
New park in Bangkok open. อุทยานเฉลิมพระเกียรติ รัชกาลที่ ๙ (สนามม้า นางเลิ้ง) พื้นที่ 217 ไร่.
Think I'll just rent.
wow great building
Can we see some houses with privacy? All these places are houses right next to each other.