North Chaweng

Extending from the Airport turn, south  to where the Beach Road one-way system starts, this area includes a number of mid to upper range hotels including Nora Buri Resort, Coral Bay Resort, Anantara Lawana Resort, Kandaburi, Muang Kulaypan, Amari Palm Reef, and many others, most of which have some of the best beaches in Thailand. A few restaurants along the road and the usual convenience stores. Samui International Hospital is located here. The airport is close by with arrivals and departures 10 minutes away.

Situated behind the International School of Tourism, Whispering Palms Suites is a development of good quality apartments arranged in three buildings around two pools with fitness room and Sauna. The location is convenient for access to Chaweng and close to Tesco Lotus and HomePro for shopping and not far from the Central Festival Shopping Centre.

Entrance to this condominium is on the second floor directly into the kitchen area and through to the living area with the bedroom and the balcony beyond. The bedroom is separated from the living area by a sliding door.There is a bathroom with bathtub, washbasin and w.c.

The condominium has 24 hour security, parking space, communal pool, sauna and fitness.

What is a Foreign Freehold?

There are restrictions on Foreigners owning real estate in Thailand, specifically land. They are however permitted to own in their own name a structure on land. Full title to both land and house is therefore not easily possible.

The exception to this is provided by the Condominium Act 1979 which specifically allows foreigners to have a freehold interest in a Condominium unit in their own name. There are restrictions on the number of units in a building that may be owned by foreigners and only 49% of the space in a building may be so designated.

There are rules about how the Condominium must be paid for. The entire purchase price must be transferred into Thailand in foreign currency and converted to Thai Baht here. A Foreign Exchange Transaction Form will be issued and must be presented to the Land Office on registration of the purchase. This also allows the same amount to be transferred out of Thailand at a later date without tax implications.