Land For Sale Koh Samui

With widespread development taking place all over the island in the last few years, particularly along its northern and western coasts, land prices on Koh Samui have been escalating rapidly. But as was the case in other popular second home destinations, the recent economic slowdown, coupled with a more balanced ratio of demand and supply has caused a levelling out. It's therefore still possible to buy appealing plots of land in prime locations on Koh Samui for much less than would expect on an island with direct international flights and a global reputation.

Close to the less developed south and west coast beaches, investors have a good choice of pristine beach and hillside plots, while even in the more accessible northern part of the island, attractive locations abound, albeit with a slightly heavier price tag.

In addition to an award winning airport, Samui now also boasts a good range of branded retail outlets, quality private hospitals and a choice of international schools. This has prompted increased interest in the land and property market, with people from countries around the world looking for opportunities to invest and even relocate to Thailand's second largest tourist island. Many local landowners, now offer land for sale through professional foreign agents and in recent months the island has seen both large and small scale investments from regional and international sources.

Even though the legal mechanisms for land sales on Samui have greatly improved since the island first became a destination for speculative land purchases, it is still advisable to contact a reputable property firm with a proven track record in order to guarantee due diligence and a secure long term investment. Foreigners have to comply with stringent Thai laws when buying land in the Kingdom and the most common method is either through a registered Thai company or on a renewable leasehold. Land title certificates also vary, so it is essential to seek good legal advice before entering into any negotiations. Freehold plots are measured by the provincial land office using GPS technology, which adds peace of mind for buyers and helps define clear boundaries.

The choice of land plots for sale on the island has definitely decreased, with most of the prime beachfront land taken and developed, but buyers prepared to look at the less visited bays and beaches can still source oceanfront plots at affordable prices. Alternative locations include stunning cliff side sites a s well as land that sits high in Samui's mountainous hinterland. Many investors choose the latter for the peace and privacy it provides, especially for those looking to build a holiday home or retirement retreat.

 

EP Samui 101

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