Twelve two-bedroom duplex villas around a communal pool a few minutes from Fisherman’s Village, rebuilt from a 2009 resort, from 6,900,000 THB.
Twelve villas on one walled plot a few minutes from Fisherman’s Village, set in pairs around a communal pool and a landscaped garden. They are not new buildings. The structures went up in 2009 as part of a resort and are being stripped back and rebuilt as private houses, which is why the finish in the photographs is current while the price is well under what a new build on this stretch of the north coast costs. Each villa is 132 m2 over two floors on its own plot: living and dining opening to a covered terrace, a fitted kitchen, a laundry under the stairs and a full bathroom with a tub on the ground floor, then two en-suite bedrooms upstairs, each with its own balcony, and a private garden that runs out to the pool area. Five of the twelve are still available and they differ only in the land, 176.99 m2 up to 280.40 m2, which is what moves the price. Two villas are finished and occupied, three more are sold and being renovated now, two are reserved. Because the remaining five are sold before their renovation starts, the interior finishes are chosen by the buyer while the exteriors stay uniform, and the developer works to about six months from the first payment. Two things to be clear about before you read the prices. The pool is communal, not private, and it is the centre of the scheme rather than an afterthought. And furniture and the kitchen package are quoted separately, so the figures below buy the house, not the house as photographed. A monthly charge of 5,000 THB covers the pool, the gardens, night security, refuse and the electricity for the common areas.
The five villas are identical inside, 132 m2 over two floors with two en-suite bedrooms, so the only difference is the land. Each is quoted two ways. The lower price is a 30-year lease you may sell or transfer during the term: passing on the remaining term costs you nothing from the developer, but selling it together with a fresh 30-year lease gives the lessor a share of the resale value (1.5% per year, minimum 10%, calculated on the price you actually sell at, and dropping away once under ten years of the original lease remain), and renewing for another 30 years after that costs twice the original lease price. The higher price is a 30-year lease with a further 30 years already written into the agreement, with no fee from the developer beyond the Land Office costs, and a right to convert to freehold if Thai law ever allows it. In both cases the building is registered in your name and only the land is leased. Freehold may also be possible on request, subject to the Land Office. Furniture and the kitchen package are extra in both. Which option is right depends on whether you are buying to hold or to sell, and it is worth an hour with a Thai property lawyer before you choose.
Guide prices are indicative only, subject to change and availability. Currency conversions are approximate.
The developer publishes no rental forecast for this scheme and we are not going to invent one, so treat the numbers here as costs rather than returns. What makes the arithmetic work at this level is the entry price: a finished two-bedroom house with a garden, a few minutes from Fisherman’s Village, starting under seven million baht, in a bay where new build sits far above that. What you are taking on in exchange is a renovation of a 2009 structure and a leasehold with conditions worth reading twice. Before reserving, we would ask the developer for four things and pass them to you in writing: the stage payment schedule between the first payment and handover, the specification of what the renovation actually includes and where the buyer’s choices start, the price of the furniture and kitchen packages, and the draft lease with the resale and renewal clauses in full. On the second option, one detail in the contract is worth pinning down before signing: the resale charge is written as 1.5% per year with a minimum of 10%, and the agreement should say plainly what those years are counted from. Ask us and we will get all of it.
Bophut is the stretch of the north coast people move to rather than visit. Fisherman’s Village sits at its centre, a few streets of old Chinese shophouses turned into restaurants, bars and shops, with the Friday walking market and a beach that looks across to Koh Phangan. The scheme is set back from the water on a walled plot among houses rather than hotels, minutes from the village and the beach, and close to the shops, clinics and schools that make a place liveable year round. The airport is about fifteen minutes east, Chaweng and Central Festival about twenty south, and Maenam and its quieter sand ten minutes west.
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