Koh Samui Property for Sale
Koh Samui's property market has seen a healthy recovery after the 2008 financial crisis, with investors again turning their focus on Thailand's third largest island. Oftentimes considered a little sister to the larger Phuket in the Andaman Sea, Samui has evaded much of the mainstream tourism that characterises beaches like Patong and developed into a distinctly upscale boutique location for the discerning visitor and investor.
The island's rugged beauty and hospitable reputation has helped make Koh Samui one of the most charming holiday and retirement destinations in Asia and the friendly geography means properties have sprung up on and around the island's many bays and beaches, offering investors and exceptional choice of oceanview properties.
Located in the Gulf of Thailand approximately 700 kilometres south of the capital, Bangkok, and 70 kilometres from the eastern coastline of southern Thailand, Koh Samui is serviced by an international airport with daily flights to nearby regional hubs of Bangkok, Hong Kong and Singapore. Operated mainly by private boutique airline, Bangkok Airways, the relatively modest number and high cost of flights to the island supports its high-end appeal. Overland access entails driving or taking a bus or train from Bangkok to Chumpon or Surat Thani and then a boat to the island, which means the island is rarely crowded, although peak season do see most accommodation booked up well in advance.
The first half of 2012 saw almost half a million visitors arrive on Koh Samui, most of whom are geared towards the luxury segment of the market. As a result, the property market on the island offers some of the most luxurious villas and private homes in the world. Dotted on the island's many hillsides overlooking the Thai Gulf are several multi-million dollar villas with more properties being added all the time. Many of these villas are located in close proximity to the main tourist beaches of Chaweng and Lamai, which both offer a multitude of entertainment, dining and shopping choices. Others are located in more remote areas such as charming Bophut, a quaint fishing village on the north side of the island, or Cheong Mon also on the north coast. Some villas are situated in the centre of the island with stunning views of the tropical surroundings and the ocean in the distance.
As the property market on the island has matured, the quality of construction has also improved. After a slow start, the local government is beginning to take building regulations seriously, and developers now have to seek various approvals before embarking on a new project. In addition, water, waste and energy management has improved as a consequence and the island is becoming far more sustainable, but at the same time increasingly convenient. The global financial crisis has also done its part in weeding out some of the less professional construction companies and agents, leaving only experienced companies with proven track records to manage the island's private development and maintain its reputation for quality and luxury.