Koh Samui Real Estate
There is consistent interest and demand from buyers looking to invest in properties on Koh Samui and this has prompted a range of companies to set up business on the island in a variety of sectors relating to real estate. Both Thai and international developers and construction firms have built opulent private villas, as well as full scale gated communities in various locations around the island, which means buyers have plenty of choice when it comes to the layout, cost and range of facilities on offer. More recently, well known hospitality brands have joined the market, introducing mixed use concepts that combine luxurious residences with all the amenities of a five star hotel.
At the more affordable end of the pricing scale, low rise condominiums such as those found in other major holiday destinations have also started to emerge on Koh Samui. These offer buyers more affordable investment opportunities that suit those looking for a non-permanent residence which they can then rent out while back in the home country. The properties also come with onsite facilities such as a swimming pool, as well as management. cleaning and maintenance services, allowing owners to relax and enjoy their tropical home without worrying about the finer details when they are not in residence.
The global economic slowdown has reduced the number of property sales that take place on Koh Samui, especially when compared with an investment boom that took place a few years ago, but this has also leveled the playing field when it comes to pricing, which means buyers can also seek out deals on both new and resale properties. Projects continue to be built in a range of attractive locations around the island, with bungalows and serviced condominiums proving particularly popular with long term residents and retirees. There's no shortage of luxury level choices for those with the funds to invest at the high end of the market. Opulent private villas now pepper the island's bays and hillsides and many of them boast striking modern architecture with designer interiors and the kind of leading-edge technology that matches even the most sophisticated tastes.
With prices now stabilizing, a number of large corporate investors and private developers have turned their attentions toward Koh Samui hoping to take advantage of the market lull. This has prompted an overall increase in the standard of construction and also inspired the arrival of a number of subsidiary firms with brand name products being offered and professional management and design consultants providing services to the industry. Such developments mean the market ha shift from one characterised by fast returns to a more mature, long term investment opportunity that attracts buyer looking for a combination of personal use, rental yields and long tern capital appreciation.
In support of the steady growth in residential property, the Samui government has also been introducing policies to improve the island's infrastructure. The main island ring road has been asphalted, with drainage channels added to reduces flooding during the rainy season. In addition, the water and electricity supply has been upgraded to improve the consistency of supply. Private companies such as supermarket chains and imported food suppliers have also moved in to serve a growing community of foreign residents, which means owners and visitors now enjoy access to everything from imported wines to high tech security systems. With a gentle climate, direct international flights and swift transfers to outlying islands for water sports and adventure activities, Koh Samui has become an appealing second and even first home destination for investors from around the globe.
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