Land Koh Samui
Despite the global economic slow down, prices for completed properties on Koh Samui have remained relatively stable over the last few years, in some cases rising sharply due to constant demand from a wide variety of sources and countries. As a result, some investors prefer to lease or buy raw land and build their own houses, while developers also seek to make deals that leave room for attractive returns.
Although a limited supply of beachfront land has driven prices up in some areas, beach land can still be found at bargain prices in less developed areas on the island and hillside plots with easy access to the beach continue to represent excellent value when compared to other resort destinations. Add to that a range of transport options to and from the island, with direct flights to many Asian destinations and Samui continues to represent an attractive proposition.
When purchasing land on Koh Samui, as is the case anywhere else in the world, it is crucial to apply due diligence. Investors should always check that the boundaries of the plot are registered with an official title deed and also make sure rights of access are in place. In the past, unscrupulous developers and agents took advantage of the island's immaturity, but recent improvements to the legal advice available, with international law firms setting up branch offices, mean long term investment opportunities have become more solid and reliable.
The Thai land ownership system is quite complex, with foreigners required to establish legitimate legal vehicles to purchase land. A number of different land titles are available, but some restrict construction and resale. It is therefore advisable to seek professional advice before buying land and respected legal firms and estate agents such as EP Samui can assist with choices and help source the appropriate documentation.
Another consideration is location. With so much development taking place around the island, it's important to source land that will not be negatively affected by future growth. Views should be permanent and the surroundings should suit individual investor's requirements in the long as well as the short term. Samui is a dream location when it comes to tropical landscapes with ease of access to many beaches and local amenities. With the right safeguards in place, investors have the opportunity to own some of the most desirable land in the world.