If you are searching for Thailand property in a setting of real island living then Koh Phangan may be the right match for you. Koh Phangan (pronounced “gaw pong awn”) is a small island located off the southeast coast of Thailand. It is famous for its “full-moon” party occurring each month concurrently with the full moon. It also has all of the activities that go with islands here in Thailand like scuba diving, snorkeling, fishing, and beach nightlife.
The people of Koh Phangan are proud to mention that their island is one of the few that still has the feel of a laid-back tropical paradise. Part of the reason for this is because 60-70% of it is reserved as a national park and that reservation is strictly enforced. It is still a relatively unknown island which means that it is not crowded with tourists. So, if you invest in property here, you can enjoy the peaceful serenity that a true island has to offer along with white sand beaches, coconut trees, and water that is so clear that you can easily see the bottom.
Many investors buying property here are those wanting to start over in a new place. These are the people who have already made their money in the western world and have decided that they would like to retire and live in their dream home where the cost of living is cheaper and the surrounding atmosphere is serene. There are also some who just want to have a holiday home. Then there are the foreign investors who seem to be recovering in western economies and are gaining confidence to put their money on development in Koh Phangan. Finally, there are commercial investors who are looking to develop resorts and businesses in the area because they see the local market steadily growing.
You have a variety of types of property you can buy on Koh Phangan. You can buy beautiful beachfront villas for as little as $200,000 US or a half acre of land, complete with infrastructure access (roads, water, and electrical power), for as little as $60,000 US. The land plots are excellent for building beachfront resorts if you are an investor looking to get into this type of business in Southeast Asia.
Prices for property are much lower than nearby Koh Samui. Koh Samui is another resort island in Thailand but prices there are somewhat higher because of its popularity. For example, you can buy a villa in Baan Tai, a small fishing village on Phangan, with two bedrooms, three bathrooms, and an ocean view for 9,000,000 Thai Baht ($300,000 US) whereas an equivalent villa on Koh Samui costs 15,000,000 Thai Baht ($500,000 US). Both of these have the same infrastructure access.
In addition to lower property prices, Koh Phangan has a cheaper cost-of-living overall. For example, you can eat at many of the restaurants for a much lower price than you would at other popular Thailand tourist destinations. This also makes properties on this island attractive to foreign investors.
The infrastructure on the island continues to improve. Thailand has invested in widening and resurfacing roads so that they are more passable–especially during the rainy season. The northeast beaches, which are the most pristine, have typically been impassable during the rainy season but money has been invested to completely rebuild these roads making them safer and easier for travel.
There are several real estate companies and developers in Koh Phangan. Contact one today and get all the latest on villas, land plots, and commercial development options. This island has maintained steadily through the economic crisis and is rapidly changing from a quiet fishing community to a prime tropical paradise where you can retire, spend a holiday, or open a first-class resort.