Ideas For Investment In The Koh Samui Condominium Market
On Koh Samui the condo market offers a range of choices to property buyers. Although the options are limited, the condos available offer good value for money and their is really a good balance between supply and demand. The market continue to support the development is progress, with activity in sales of completed units.
In Koh Samui, it is true that the entry level for condo purchase is lower than that of a villa. This means that there is a bigger market demand due to the lower level of pricing of condo units. the minimum room size is from 26 sqm and the price from around 1 million Thai Baht. This makes investment in Condominium units on Koh Samui attractive.
On Koh Samui, the condo developers tend not to build on beach front land due to lack of availability of suitable plots, and this coupled with zone restrictions and height mean that normal locations are away from the beach. There is only one exception to this at the lower mid level condo price range, that of Replay condominium which is across the road from the beach which makes it an attractive proposition to many investors.
Condos in Koh Samui are are located in the Bophut and Cheong Mon area, which has an abundance of restaurants and other entertainment. Arisara in Bophut and Emerald in Plai Laem capture this theme, and are well located also within 5 minutes of good beaches.
The main contender coming now is the Koh Samui Condos for sale project called Replay. This is set close to the beach on 11.5 Rai of land is a landmark event for its concept and facilities. The developer has set its standards high and also its opening prices lower than other competing projects. The development is close to Bophut, on the road running along to Bangrak. This project has now started build and is expected to complete in June 2012.
There has been continued interest in Koh Samui Condos even during the world recession as investors look for more attractive options. Compared to villas, the starting prices are far lower, even as much as 80% lower than for a starting investment in a villa. The Koh Samui condo market is hence in a good state, and will continue to make dividends for its owners.
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