Lagoon Residence
About Lagoon Residence
Lagoon Residence is a 13-villa development on Chaweng Lake, Koh Samui, offered on a 30-year leasehold structure by developer Praka Estate. The project is designed for international buyers, with five villa types across lakeside and lakefront positions: Type A, Type B, Type B Plus, Type C and Type V.
Buyers are registered as land sub-lessees, with the lease recorded on the back of the land title deed. The land is owned by a Thai individual; the developer states the structure does not rely on a nominee company. Annual land lease fees are fixed for the full 30-year term and vary by unit (see the unit types table below).
Availability is on request. Contact Luxury Koh Samui for current unit status and to arrange a viewing of the show villa.
This is an off-plan and partially-built development. Only the show villa (V1) is reported near completion; a phased handover schedule for the remaining 12 villas has not been confirmed. Ask for the current construction status and expected completion date for the specific unit you are considering before making an offer.
Five villa designs.
| Type | Label | Beds | Baths | Indoor m² | Outdoor m² | Total m² | Price (THB) | Price (USD, approx.) | Land lease (THB/yr) |
|---|---|---|---|---|---|---|---|---|---|
| A | Lakeside Villa | 3 | 3.5 | 156.62 | 78.38 | 235.00 | ฿9,990,000 | ≈ $293,825 | 91,000 |
| B | Lakeside Villa | 2 | 2.5 | 81.15 | 63.85 | 145.00 | ฿7,790,000 | ≈ $229,120 | 70,000 |
| B Plus | Lakeside Villa | 3 | 2.5 | Not confirmed | 63.85 | 151.41 | ฿7,990,000 | ≈ $235,000 | 77,000-84,000* |
| C | Lakeside Villa | 3 | 3.5 | 107.10 | 101.32 | 208.42 | ฿9,490,000 | ≈ $279,120 | 91,000 |
| V | Lakefront Villa | 3 | 3.5 | 139.54 | 95.46 | 235.00 | ฿11,590,000 | ≈ $340,880 | 99,000 |
Inside and out.
Ownership and costs
Lagoon Residence is offered on a 30-year leasehold structure. Buyers are registered as land sub-lessees, recorded on the back of the land title deed. The land is owned by a Thai individual; the developer states this is not a nominee company structure. The project is designed specifically for international buyers under this leasehold structure.
Annual land lease fees are fixed for the full 30-year term and vary by unit type (see the unit types table above), approximately 1 percent of the villa purchase price per year.
Lease renewal: the developer states it will assist owners in negotiating and renewing a new 30-year lease with the landowner, with existing owners given priority in that process. This is a contractual assistance promise, not a guaranteed right. Renewal clauses of this kind are not enforceable as guaranteed rights under Thai Supreme Court ruling 4655/2566.
Estate management fee: THB 480 per m² of land area per year (per-unit land-plot size has not been confirmed, so a concrete per-unit annual figure cannot be shown yet). Sinking fund: THB 150,000 per villa, a one-time contribution at purchase. Utilities: water THB 50/m³, electricity THB 8/unit (kWh). Lease registration fee is split 50/50 between developer and buyer at registration. Government registration fees and taxes are payable per Thai regulations; the exact amount is not specified by the developer.
Title deed type has not been confirmed. Head lease term (the lease the developer holds from the landowner, which the buyer's 30-year sub-lease sits inside) has not been confirmed. Zoning/EIA status has not been confirmed. These should be verified independently, with a Thai lawyer, before any offer is made.
Building permit: as of the last update, the building permit for this development had not yet been obtained; under the payment schedule, the application happens after a buyer has already paid a cumulative 40 percent of the purchase price. Disclose this plainly to any buyer considering an off-plan unit.
LKS is acting as broker on this listing. Enquiries are handled by Luxury Koh Samui.
Seven milestones.
| Milestone | Payment |
|---|---|
| Deposit | 5% |
| Sign contract, apply for building permit, land registration | 35% |
| Foundation completion | 15% |
| Ground floor & pool structure completion | 15% |
| Roof structure completion | 15% |
| Interior wall & floor completion | 10% |
| Handover completion | 5% |