Bought off-plan in Thailand before, can share some insights. The reward: yes, you typically get 10-20% discount compared to completed unit prices, sometimes more. You also get first pick of the best units (views, floor, position). Payment is staged during construction so you're not putting all money down at once. The risk: developer doesn't complete (rare with established developers but happens), delays (common in Thailand, budget for this), final product differs from renders (visit their completed projects first). How to mitigate: 1) Only buy from developers with completed projects you can visit. 2) Check their financial stability. 3) Have a lawyer review the contract — especially payment terms, completion guarantees, and what happens if they don't deliver. 4) Escrow accounts are becoming more common, that's a good sign. 5) Visit the site, understand the location. For
off plan apartments Koh Phangan, check Om Residence on Instagram — see their track record, visit completed phases if any, talk to existing owners. The Koh Phangan market is active enough that good off-plan projects do sell out at early stages, so if you find something you like and trust the developer, the discount is real. Just do your homework.
