Koh Samui Luxury Villas
Thailand has been a choice destination for holidaymakers for decades, and has also become one of the regions foremost holiday home destinations. Within the Kingdom, Koh Samui has had something of a property boom in recent years. The islands premium location in the Gulf of Thailand, favourable climate, and adequate transport connections to the Asian travel hubs has seen it transformed from a bit-part player to a major contender in the Thai investment property market.
With the increased investment and broad interest, came an increase in the availability of all types of property across the sector. However, there is some consensus that the market is generally heading in the direction of higher-end provision. There are a number of reasons for this phenomenon, as the island as a whole emerges infrastructurally and proves more capable of sophisticated service provision, prime land has become more scarce and pricey, leading to a focus on quality developments.
The clustering of subsidiary services such as legal and accountancy, interior design and landscaping, villa management, advertising and sales has also bolstered the trend. The island now hosts some truly magnificent luxury villas; either stand-alone or part of select managed developments. This level of property investment has found niche markets, particularly with ex-pats living and working in the Asian business capitals, due to the proximity and ease of travel between Samui and KL, Hong Kong, Singapore and, of course Bangkok. Luxury Villa owners are also experiencing decent ROI year on year with steady occupancy rates. While some of the basic infrastructure such as roads and drainage systems have come under criticism, the island has recently gained city status, and should, in theory receive more funding from central government to address these essential issues. |