PROPERTY BUYERS GUIDE Top 5 Hot New Markets
For those of you looking to move investments into property the rule of thumb remains timing is not everything, it's the only thing. Buy low and sell high is often best done by recognizing what markets are doing to develop on strong demand characteristics. Here are some of our new top emerging locations –
Some say Koh Sirey, others Koh Siray, but for many fulltime Phuket residents the name often draws a quizzical look and the question “where?” Home to the new Westin Siray Bay Resort opening in Q1 2010, there are also too more large international class hotels currently in planning in the island. With bridge access to Phuket and stunning views up and down Phang Nga bay, expect property developers to hit this market soon.
With over 5,000 hotel rooms, kilometer of white sand beaches and less than two hours driving time from most of Phuket it remains a mystery why there is not a larger property market in Khao Lak. With beachfront land trading in the range of THB 5-15 million per rai depending on the location, substantial pieces remain available especially going north past Le Meridien. We've seen Ko Pilai just over the bridge boom so it's just a matter of time for our northern neighbor.
Again it's all about beachfront land and that where property buyers see the multipliers of capital appreciation. Located near two airports being south of Surat Thani and North of Nakhon Si Thammarat, with the major Thailand north south highway nearby. Major stretches of long beaches and great natural beauty along with views into the gulf of Thailand resort developers are already leading the land rush in this up and coming location.
4.Koh Rong Archipelago Cambodia
Accessed through the southern gateway of Sihanoukville, with proximity to Thailand and a strategic location near to markets such as Singapore, Bangkok, Hong Kong and Vietnam this tropical paradise has nowhere to go but up. The recent launch of Song Saa Resort saw a flurry of interest and with its favorable weather, ability to attract travelers from Siem Reap and current reforms in ownership laws the property market here is gearing up.
Slated to be the next Thongor with direct access from the BTS Skytrain, property prices remain considerably lower it's more famous counterpart. With a fashionable community mall located next to the BTS, and artsy crowd flocking here, this looks to be a smart buy for the future and is just 5 stops away from the hub of Siam Station.