Koh Samui has already made its name as one of the most popular international holiday destinations as it attracts visitors from every part of the world. At the same time, that popularity speaks opportunity for many investors, both local and foreign.
But before we go into what we expect to see in the Koh Samui property market in 2020, here’s a quick flashback into the past and the current state of affairs in the property industry.
In the last five years, it is the luxury real estate market that is the primary focus of most investors. Most of them come from Britain, Hong Kong, Australia, Europe, and Asia. The vast majority of their money is spread in premium accommodations and luxurious villas.
Investors Will Prefer Koh Samui Over Phuket
Phuket is Thailand’s most famous island that attracts most tourists each year. But it is Koh Samui that attracts a much wealthier clientele. One that doesn’t shy away from the opportunity to spread serious money on their luxury vacation.
For investors, that translates into higher profit margins, which means a higher and faster return of their investment.
Government infrastructure investments have heavily supported the last five years of property development. According to official government plans, the government is willing and have plans in motion to further expand its infrastructure investments on the Koh Samui island.
Exclusive Hotel Chains Are Making Massive Investments
Hotel chain brands like the Ritz-Carlton, Conrad Hotels, W Retreat, Le Meridien, and the Four Seasons are already present and have established a foothold on this island. A few other premium hotel chains are also considering to invest in Koh Samui. Currently, there are more than 150 premium hotels, first-class restaurants, spa resorts, golf courts, and many other amenities for the millionaires of the world.
Unlike many islands, Koh Samui has managed to preserve its genuine charm and authenticity. It is a small miracle how they’ve managed to do that despite the massive developments that take place all over the island.
According to development experts, that’s due to the imagination and creativity of the architects that did their projects to be less invasive and more tuned with the local culture and surroundings. No building on the island is allowed to be higher than 12 meters.
Growing Community of Expatriates
Koh Samui is a self-governing municipality since 2012. That had a profound effect on how the island developed and the living conditions in general. As a result, each year, more and more expatriates choose Koh Samui as a place to settle and live. Some decide to live there several months per year, while others are there permanently.
Most of them are wealthy individuals that like the island, the climate, the local culture, and want to live there because of it. A lot more is expected to settle on the island in the years to come.
Thailand’s luxury real estate market has been growing steadily since 2013, and from the look of things, that trend will remain in 2020 as well. Koh Samui’s property market is no exception, and everything points to growth. According to The Global Property Report, the property market growth can even reach an excellent 10%.