Koh Samui is the country’s second most popular island for tourism after Phuket. Although the property market on Samui is still in its infancy compared with its counterpart in the Andaman, the villa market on the island is interesting.
As of the first quarter of this year, there were 420 villa units on Koh Samui. Villa development has been taking place on a modest scale for the past decade, but new supply dropped from 2008 to 2012 due mainly to the weak economy in developed countries whose nationals make up most of the investors in such properties. However, last year brought a surge in the market with 134 new units launched, compared with just 16 in 2012.
Hotel-branded villas that offer a high level of amenities and services are a growing trend in holiday destinations, but on Samui they represent only 11% of the total supply, with conventional non-branded properties making up the rest. There are now three hotel-branded villa developments on Samui: The Estates, managed by Four Seasons Hotels; W Koh Samui The Residences, managed by W Retreat; and the Conrad Koh Samui Residences, managed by the Conrad Hotel group.
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