Koh Samui Real Estate
As Koh Samui has become one of the premier travel and holiday destinations in Asia, the island's real estate industry has grown from strength to strength. After having experienced extraordinary growth in the 2000s, followed by a temporary slump during the global financial crisis, Koh Samui's property sector is again attracting foreign investors, especially individuals looking for a second home or a holiday home in the tropics, as well as companies looking to capitalise on Koh Samui's popularity as a tourist destination.
Located in the Gulf of Thailand to the south of Koh Tao and Koh Phangan, Koh Samui experiences mild weather for most of the year and due to its protected locations and does not get the hard winds and rough sea as Phuket. Samui International Airport is perhaps the most picturesque airport in the world with terminals built as large wooden structures complete with straw roofs and bamboo furniture. Yet the airport not only looks cute, it is fully operational with several flights each day to some of the region's metropols such as Bangkok, Singapore and Hong Kong. The airport underwent an extensive refurbishment in 2007 and today welcomes people from all over the world.
Contrary to Phuket, Koh Samui has developed in a fairly upscale fashion with many of the world's most luxurious hotel and resort brands having developed amazing properties here. The Four Season recently opened a private residential project adjacent to their hotel where owners can enjoy all the hotels' facilities yet retreat to their own private paradise without worrying about other hotel guests. With the island's infrastructure constantly improving, more and more residential projects are being developed and many foreigners who were previously deterred from living full time on the island by the lack of proper health care and education are now returning to the island.
Being an island, Koh Samui is very dependent on sound environmental practice and while the local authorities as well as private developers left a lot to wish for in the past, the present paints a picture of increasing awareness and a realisation that maintaining a beautiful and healthy environment is the bread and butter of Koh Samui's tourism industry. The local authorities have improved waste and water management and there is an increasing interest amongst developers to develop 'green' projects with attention to environmentally friendly practices such as sourcing mainly local building materials, and implementing energy saving features into the design of both homes and hotels.