Many observers of the Thai real estate market have commented that Koh Chang is set to become the next Phuket in terms of property demand and values. However, it is possible to buy property at Siam Royal View in superior quality but at a fraction of the cost to similar property in Phuket.
The property market in Koh Chang is still relatively new, but capital growth has been averaging in excess of 10% per year for the last few years and there is no doubt that demand for property on the island will remain strong and see significant price increases for the foreseeable future. Land values in Koh Chang and its environs are expected to appreciate strongly as top brand resort and hotel chains have already arrived, or are planning new properties in the area.
Hotel room prices are some of the highest in the kingdom, and yet all hotels are fully booked, sometimes even overbooked, during the high season. For this reason there are strong returns on rental income, which is a significant financial benefit to our Koh Chang villa owners.
Another benefit to purchasing property in Koh Chang over other beach destinations in Thailand is the enforcement of stringent building codes and nature conservation regulations. Approximately 80% of Koh Chang is listed as protected national park and this acts as a brake on untrammelled over-development seen in other areas like Phuket, Samui, Hua Hin or Pattaya. The quality of living for those who prefer unspoilt natural setting will remain high in spite of the ongoing development, since this happens in an ecologically conscious way.
The development of the property market in Koh Chang may be as speedy and financially rewarding as that of Phuket, but on a more ecologically sustainable basis. While the government has assured most of Koh Chang conservation status, it has also implemented multiple infrastructure projects as a basis for the development zones where construction is permitted. As a result of these overwhelmingly positive attributes, many Thai VIPs are known to have invested in land in the Koh Chang archipelago.
Koh Chang is the last major group of virtually undeveloped tropical islands in Thai territorial waters. The Koh Chang / Koh Kood archipelago has a larger combined land mass than that of Phuket and Koh Samui together. Chang island itself is only around 20% smaller than Phuket island.
Koh Chang can be conveniently reached by car from both Bangkok and Pattaya and is destined to become the playground of the rapidly growing economic powerhouse represented by the Eastern Seaboard of Thailand, the area surrounding Pattaya.
As the cruise industry develops with the establishment of the new Laem Chabaeng Port Cruise Terminal, Koh Chang is likely to emerge as a favoured stopover for all cruise routes entering or leaving the Gulf of Thailand.
It is also expected that a large yachting industry will be established around the Eastern Seaboard, possibly based out of Pattaya, as the Koh Chang archipelago provides some of the most scenic and interesting sailing in the Gulf. The first few mega yachts out of Hong Kong and Australia have already been spotted scouting the pristine waters around the island.
As a result, making an investment in a Siam Royal View Koh Chang villa is not only a passport to a stunning, luxury island lifestyle, but it is also likely to prove a sound investment in an area which is sure to have a very bright future.