What is the definition of an apartment
No license and ownership is through a 30 year lease. Thai company may be an option.
What is the definition of a Condo ?
Built with an official license. 49% owned in a foreign name and 51% owned in a Thai name or a foreigner as a 30 year lease.
How does the Condo/Apartment market differ in Thailand compared with other countries ?
The Koh Samui property market is very different to the rest of Thailand, mainly due to its building regulations, so you won’t see high-rise blocks of condominiums, apartments or hotels. There are only a few condo licenses allocated on Koh Samui, so the majority of the property market consists of villas to suit most budgets and other low level properties, making Koh Samui an attractive place to invest. Many developments are run efficiently with either onsite or third party property management teams, making them good investments with fruitful rental yields.