Koh Samui Land

Land sales on Samui boomed around 3 years ago, and although capital appreciation has slowed, plots in prime beachside and mountain locations continue to fetch very respectable sums, showing year on year increases. The somewhat maverick nature of the island means that prices vary enormously, often depending on the landowner in question and the buyer's or agent's concept of market value. However, this also means that serious bargains can be found, especially through people with the necessary contacts to facilitate a good deal.

Beach land is obviously at a premium on Koh Samui, especially as it is now increasingly hard to find. But hillside plots with fabulous ocean views and easy access from the island's main ring road continue to attract both individual buyers and corporate investors with pockets deep enough to build larger developments. The island's interior is still relatively untouched, which means the opportunities for high returns on raw land are far from over. For many private investors, however, an increased international brand presence often make off-plan investments a more appealing alternative, as these reduce the risk and potential complications of buying land and taking on the responsibilities of a private project.

Another hurdle for those intending to buy land comes in the form of legal complications. Thai law forbids outright foreign ownership of land, which means investors must either purchase through a Thai partner or set up a Thai company with minority foreign ownership. The latter requires paid up capital and also brings in a complex mesh of permits and taxation requirements that are best handled by a reputable Thailand-based lawyer. With professional advice and assistance, however, buying land on Koh Samui can be a highly profitable pursuit as prices continue to rise and with continued global interest, the opportunities for solid returns remain strong.