Samui Wining & Dining
BUYING PROPERTY IN KOH SAMUI?

BUYING PROPERTY IN KOH SAMUI?Every year, more people are choosing to buy property in Samui. What used to be your typical tropical holiday destination has become an ideal place to buy a villa, spend some time and cover your costs with rental income. Setting up here might have struck some as being a bit unusual a few years ago. Why head for an island in Thailand? How do you even go about buying a property there? Traditionally, holiday homes were farmhouses in France or a city pied-a-terre in a European capital. With the changing global environment, more accessible flights and improving construction quality, all that is changing. Owning a holiday home or investment property in Thailand is now fairly straightforward..

          

Rodney Waller, who has been living on Samui for over a decade, sees the island not just as a ‘place in the sun’ but as an investment decision that now makes more sense. He’s known to be one of the island’s foremost authorities on the subject. For a start, he’s written what many would consider to be the definitive guide to buying a property in Thailand, and his book, simply called ‘Buying Property in Thailand’, isn’t a flimsy due diligence check-list; instead, it covers every aspect from property law to furnishing your property for rental.

          

Rodney’s know-how is underpinned by two separate university degrees (one in business-economics and another in law) and construction experience in the UK, where he already started winning awards and learnt to build houses from scratch.

          

Here on Samui, he’s an award-winning developer, and his aim, he says, is simply to build beautiful properties, with bold architecture, beautiful proportions and spaces – something that, in effect, will become an heirloom. His latest development, Oasis Samui (www.oasissamui.com), was recently awarded “Best Residential Development (Samui) 2017-2018” at the Thailand Property Awards.BUYING PROPERTY IN KOH SAMUI? His team builds to the highest western standards, and each material and detail is carefully selected to match the natural surroundings and minimise maintenance. Sustainability is also important, with rain-water collection, landscaping that dovetails with the scenery and upholding the idea of Samui as a green island.

          

He also believes the future is looking good for both Samui and Thailand. The so-called stability of the west seems to be compromised with debt, trade and currency disputes; uncertainty and economic problems now threaten countries that used to be considered safe havens. Property buyers and investors are looking further afield, away from financial instruments and into solid investments of bricks and mortar outside of the ‘traditional’ investment destinations. South-East Asia is looking a lot more desirable as a place to live and invest now than London or Hong Kong. As an example, Samui is one of the leading tourist destinations in a growing South-East Asia, with China’s buying power on the doorstep.

          

Rodney also believes that out of all of South-East Asia, investors prefer Thailand because of the welcoming nature of Thai people, their Buddhist culture, as well as the improving infrastructure with Bangkok, Singapore and Hong Kong easily accessible by direct flights. Samui is more than a microcosm of its surroundings; it has retained its boutique charm and enjoys one of the best year-round climates for tourism in the country, with a generally much shorter rainy season. The island already boasts many of the world’s top hotels, including Four Seasons, Intercontinental, Conrad and the recently opened Ritz Carlton, with Sofitel and Hyatt Regency under construction. There is not much better demonstration of confidence and Samui still has plenty of room to grow.

          

Dimitri Waring


 


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