Sunset Sea View Land Plots for Sale in Koh Phangan, Thailand

Sea View Land Plot Development - Minutes Walk to the Beach

Bay Residence is a Land Plot & Villa development, at affordable prices on a booming tropical holiday island - 25% Phase 2 Sold (Released July 08)

Following the success of Phase 1, we are now releasing the second phase of the development which consists of 8 new land plots. Each plot is located on a gentle hillside slope centrally overlooking Haad Salad bay and beach, which is only a 2 minute walk away.
Set amongst a tropical coconut grove, each plot has been designed to capture views from every opportunity, while embracing the natural surroundings of the tropics.

The plot layouts have been carefully designed with the forethought of residential villas and garden swimming pools, in addition to the privacy required for a development of this quality.

The development is sold with the following infrastructure & services:
• Concrete road.
• Private water supply.
• 3 phase electricity.
• Reception and office.
• Mini mart.
• Laundry & cleaning service.
• Refuse collection.

New!!
Bay Residence is pleased to announce that we have recently secured the development of a new boutique hotel within the development. The ‘Red Boutique Resort’ will offer our residents the full use of the resort Spa, bar and restaurant facilities.

Location

• North West coast of Koh Phangan Island.
• 15 minutes from Thong Sala the main town & high-speed entry point to
the island.

The development is just a short walk from the idyllic white sand beach and clear turquoise waters of Haad Salad bay and all the amenities offered by the village and the new breed of boutique resorts located in the bay.

Haad Salad beach offers a relaxed beach atmosphere, with its numerous restaurants dotted along the bay, while still catering for the slightly more energetic beach lover. The beach is protected by an outer reef, making it a safe swimming area, while giving some of the best snorkeling spots on the island.


Market Overview

Koh Samui’s property market has boomed in recent years with developers, ex-pats and investors providing a strong and diverse demand base. The desire to re-focus on real island living has ignited development opportunities on neighboring Koh Phangan, which has retained its original island charm and natural attractions - a key factor in the early stages of what is becoming a boutique development boom, drawing a more well heeled crowd. Significantly, there is a strong commitment amongst realtors, local Thais, tourists and investors alike that Koh Phangan will follow a greener path than its neighbor, which is further reinforcing its natural appeal.

The Island

Koh Phangan so from an investment perspective it is a great time to enter the market. Whilst this may sound impressive, one can clearly see that this is very much the beginning, and we recommend that clients hold for a number of years if they want to realize the ultimate potential. However, if prices increase to comparative levels of its neighbor, this will not be because of development, but because it offers something genuinely unique and natural.

• Koh Phangan is in the early stages of a property cycle.
• In the 16 months since securing the site in Haad Salad, we have seen
prices appreciate somewhere between 20 and 30%.
• A finite supply of land will combine with an increasing demand as the
island steadily grows a name for itself, are the driving factors
behind steady growth.
• 75% of koh Phangan is National park.

We are also seeing a vast improvements to the transport services between Koh Phangan and Koh Samui airport, with the introduction of a new hourly taxi speed boat service that runs between Baan Rak Pier (Koh Samui) and Baan Tai pier ( Koh Phangan), which whisks you to the island in under 15 minutes. It is now possible to get from Koh Samui airport to Koh Phangan in under 25 minutes, which less time than it takes to get to many parts of Koh Samui.

There are also plans for a domestic airport on the island itself for direct flights to Bangkok, although this appears to still be at least two years away.
We believe we have found one of the best plots on one of the best beaches on the island. The gradient of the land means that the entire site enjoys superb Sunset Sea views.

The Region
Significantly, we are seeing a marked increase in interest from the ever increasing China expatriate community.
The island is only 4-6 hours away and would serve as a well located retreat for the burgeoning aspirational Chinese middle classes, further underpinning demand and driving prices higher in the medium term.
This is being further shored up by the announcement that Koh Samui international airport is to become the 2nd regional hub for Bangkok air. New international flight routes are to be introduced direct from Shanghai, Bali, Dubai, Kuala Lumpur in addition to the existing direct flight Hong Kong & Singapore.
Fortunately the APAC region in general has been least hit by the bank liquidity and growth problems currently being experienced quite severely in the US and Europe. At a macro level Thailand has felt a slight slowdown in reduced export demand to the West and a knock-on GDP reduction, but at the micro level the timing and growth phase of the island itself is by far the major driving factor here, making this an even better place to invest - and certainly relative to many other areas of the globe.

Investment Return Analysis

Land:
It is impossible to predict future growth. We have seen a solid 21% full year growth to date on the land value, and this is trending upwards and accelerating rather than flattening.

Rental Yield:
Rental returns we would price at 7,000 THB (100 GBP) per night on a holiday let. This provides a yield of around 20% using just a 50% occupancy rate.
As stated above we plan to offer a full management service if required, but will not have detail on this until the build scheme is more progressed.

Price List
Plot 7 - 55,509 eur
Plot 8 - 50,335 eur
Plot 9 - 48,610 eur
Plot 10 - SOLD
Plot 11 - SOLD
Plot 12 - 58,350
Plot 13 - 45,938 eur
Plot 14 - 58,125 eur


Please contact us for full brochure and price list