Developments planned despite instabilities

FIVE new luxury developments have been announced on of Koh Samui after two years of careful planning.

Shanghai-based Elite Investment Group believe they will be able to shrug recent instabilities in the region and a depressed local housing market to make the scheme a success.

A group spokesman said: “I’m very impressed with the team that Eco Developments Siam have put together.

“Having companies like HMS and Mayer Brown JSM apart of such an exciting venture gives us the confidence that we need in order to recommend such a solid investment to our network.

“This will be the first development that we have advised on in Koh Samui, Thailand and Eco have done an outstanding job to bring together such an experienced and professional group of people.

“We’re very excited take this product to market and believe our investors will equally be thrilled.”

Off-plan property investment in Thai tourist areas has been considered extremely risky by investors because of the saturation of inexperienced developers and lack of regulation on new builds.

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