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Sunset Sea View Land Plots For Sale in Koh Phangan, Thailand Sea View Land Plot Development - Minutes Walk To The Beach Asking Price: 45,000 € - 58,000 € 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 runaway success of Phase 1, we are now releasing the second phase of the development which consists of 6 new plots. Each plot is located on a gentle hillside slope centrally overlooking Haad Salad bay and beach, which is only 2 minutes 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 Plots are offered with full infrastructure included: 4.5 m concrete road, private water supply, 3 phase electricity.
Located on the North West coast of Koh Phangan Island, Just 15 minutes from Thongsala, Koh Phangan’s main town & high-speed entry point to the island, perfectly situated to give that tropical island feeling.
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 exclusive 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.
Koh Phangan is right at the beginning of the cycle, so from an investment perspective it is a great time to enter the market. In the 16 months since securing the site at Haad Salad we have seen prices appreciate somewhere between 20 and 30%.
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.
The finite supply of land will combine with the increasing demand as the island steadily grows a name for itself, as factors to drive the market steadily upwards.
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. Travel to Haad Salad to view the site and surrounding areas and see for yourself. The new businesses are boutique hotels rather than big hotels chains.
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 ocean and sunset views 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.
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.
Investment Options
Land Only:
The simplest option is to buy and hold a plot of land solely for the capital appreciation. This will provide a strong return on investment (ROI), although will generate no income or ‘personal use value’.
Property price rises are driven by the scarcity of the land itself more than the scarcity of bricks and mortar so the land component tends to rise faster than the dwelling component, especially where there is a shortage of supply (eg beach-side, ocean and sunset view).
The plots are sold with full infrastructure- concrete road, electric power and water supply and can be built upon or resold at any time.
We are anticipating a number of clients to be from the APAC region, and have priced the plots accordingly at competitive local market rate.
In fact, 65% of the plots sold so far have been to professionals from the APAC region, which supports ‘at market’ locally competitive pricing.
The first six plots released in the third quarter last year were marketed at between 2,500-3,000 THB psm and all sold quickly. We have observed and set market levels for this second offering at between 3,000 and 3,750 THB psm, and are already are seeing evidence that in another six months this price level will again need to be revised. Both the demand and the rapid appreciation have exceeded even our upper forecast projections.
We welcome and encourage visits to the Island to view the bay, the beach and surrounding area.
You are sure to fall in love with the area, as we did!
Build:
Alternatively, you can (either immediately or in the future) choose to build on the site- for either personal, or income generating reasons, or both.
We are in the latter stages of finalising with our architects a scheme which is tasteful, subtle and in touch with the region, nestled amongst the palm trees. This will provide a number of choices in terms of size, configuration and internal fixtures and fittings, each option designed to optimise every individual plot and aspect, and blended with the natural surroundings. Full details will follow in a few weeks time.
The local Thai regulations of a maximum of 35% footprint of buildable land per plot ensures that there is plenty of surrounding palm trees, vegetation, shrubbery and gardens in any neighbouring plots, ensuring privacy to each individual plot. Each plot provides plenty of land to allow for a large villa, pool, parking and gardens, with more to spare. Furthermore, each plot is laid out such that the breathtaking sea view is always protected, and guidelines are in place to ensure that each plot can only build in an optimal area so as to protect sightlines for each other plot.
Further details of pricing options for construction are available upon request.
We are anticipating the sale and completion of all remaining land plots this year. Build costs would be staged across a number of payments in 2009 in line with the build progress and cost.
Our office is located locally to the development and we are keen to offer all services. We intend to provide a full management service, should you choose to subsequently let out your villa for yield.
Investment return Analysis
Land:
It is impossible to predict future growth. We have seen a solid 24% 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.
 | | About This Property | |
| Category: | | Lots/Land | | Address: | | Koh Phangan
Thailand | | For Sale By: | | Owner | | Construction Year: | | n/a | | Area: | | n/a | | | Bedrooms: | | n/a | | Bathrooms: | | n/a | | Sleeps: | | n/a | | Stories: | | n/a | | Parking Spaces: | | n/a | |
| | Features - Amenities | |
| | | - Private Concrete Road
- Water Supply
| | | | | Pictures (click to view a larger image) | |
| | Contact - More Information | |
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