Samui turning boutique

According to real estate firm CB Richard Ellis, Koh Samui is ideally positioned to become one of Asia’s hottest boutique destinations. New properties that are being developed on the island in the Gulf of Thailand have different characteristics from those found on other Thai resort destinations like Phuket and Pattaya.

The manager of CBRE’s Samui offices, Prakaipeth Meechoosarn, comments that the developments on Samui remain low-key and more exclusive, enticing tourists looking for something quieter and more stylish. Proof of the island’s low but steady growth comes from statistics showing that 70 per cent of the 500-odd units that exist on Samui are still under construction.

Choeng Mon Beach on the northeast corner of the island contains 38 per cent of the upcoming units, followed by the rest of the northern shore at 28 per cent and the eastern shore with 25 per cent. Villa developments are particularly en vogue right now on the island, and in the long term it is believed that the high end of Samui’s property market will become the norm rather than the exception. Coastal land is disappearing fast, and prime building plots are virtually impossible to find anymore.

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