Studios and apartments in a 564-unit beachside condominium a short walk from Bangrak beach, freehold to foreign buyers, from 2,990,000 THB.
This is the first condominium in the portfolio and the first thing to understand is why it exists at all. A foreigner cannot own land in Thailand, and every villa on this site is therefore held through a lease or a company. A condominium unit is the one exception: the Condominium Act lets a foreign buyer hold the title in their own name, with a passport and nothing else, up to 49% of the floor area of the building. Koh Samui has had almost no new condominium stock for two decades because the environmental rules make it hard to get one approved, so a scheme like this one, which cleared its Environmental Impact Assessment and has its building permit, is not something that comes round often. What is being built is a low-rise resort rather than a tower: thirteen four-storey blocks arranged around a chain of swimming pools and planting, 564 units in total, on a plot a short walk back from Bangrak beach between the pier and Fisherman's Village. Most of the apartments are studios of roughly 28 to 35 m2 laid out like a good hotel room, with a fitted kitchenette, a washer, a bathroom and a balcony or terrace facing the water, a pool or the garden. Fifty-two of the 321 units on the current price list are still unsold, fifty-one studios and a single two-bedroom with a sea view, and every one of them is quoted two ways, as a leasehold and as a foreign freehold. The show unit is finished and can be viewed, and the structure was topped out and in blockwork when the developer's site photographs were taken in May. Two things to weigh before the prices. This is a rental product first: the plan is a hotel-style letting operation run by the developer's management company, and the scheme is designed around that rather than around full-time residence. And a condominium comes with monthly charges a villa does not, 80 THB per m2 per month plus a one-off sinking fund of 800 THB per m2.
Every unit is quoted twice, once as a leasehold and once as a foreign freehold, and the gap between the two is worth doing the arithmetic on: on the cheapest studios it is about 600,000 THB, on the sea-view units on the current list it disappears altogether. Freehold is the reason most foreign buyers look at a condominium in the first place, so ask which units still sit inside the building's 49% foreign quota before you choose. The prices below are the lowest currently available in each group, taken from the developer's price list of 25 August 2026, and they move with the block, the floor and the view. Availability changes week to week, so treat the counts as a snapshot and ask us for the live list.
Guide prices are indicative only, subject to change and availability. Currency conversions are approximate.
The apartments are handed over fitted and furnished to the specification of the show unit, which is finished on site and can be walked through before you reserve. The figures below are the purchase price of the unit; the government transfer fee, the monthly charge and the sinking fund are separate and listed under Investment.
That range is the developer's, not ours, and it is worth reading how they got there. Their model takes three real units, a sea-view studio at 6.03M, a pool-access studio at 4.85M and a pool-and-garden studio at 4.04M, assumes an average nightly rate of 3,250 to 4,500 THB, and runs occupancy from 40% up to 70%, which is below the island average they quote. After 15% for management, 10% for utilities and 25% income tax, the net comes out between roughly 5% and 10% a year depending on the unit and how full it runs. On a long lease rather than nightly bookings the same model gives about 4% net. The marketing flyer also carries the words 'guaranteed rental returns' and the brochure an '8 - 15%' estimate; neither is supported by anything in the documents we have, so we are not repeating them as a promise. Before reserving we would ask the developer for the rental management agreement in writing, with the split, the term, the notice period and what happens to the promised zero maintenance fee while the unit is in the programme, and for confirmation of how much foreign freehold quota is left in each block. Ask us and we will get it.
Construction started April 2025 - structure completed late 2025 - interior fit-out from March 2026 - first ownership transfers from December 2026 - last transfers around April 2027, on the developer’s estimate
Bangrak is the working end of the north coast: the pier that the Koh Phangan boats leave from, the Big Buddha on its little island, a beach that runs for a couple of kilometres with restaurants and small hotels along it, and the airport just behind. It is the most convenient corner of Samui to arrive in and the easiest to let, which is exactly why a rental-led scheme sits here rather than somewhere prettier and further out. Fisherman's Village and the Friday walking market are five minutes west, Choeng Mon and its calmer sand ten minutes east, and Chaweng with Central Festival about a quarter of an hour south. The blocks themselves are set back one road from the sand, behind the strip of beachfront plots, so the beach is a walk rather than a doorstep.
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