Thailand's Emerging Gulf Coast Property Market
Writing this piece I struggle to find an easy reference point for the cluster of islands out past the Eastern Seaboard meaning Koh Kood, Koh Chang, and Koh Mak.
We could investment a term calling it the Greater Far East Island Triangle. I've also heard it called the Northern Gulf of Thailand. And of course for simpletons, the absurdly direct – go past Pattaya and eventually hang a right turn out in the ocean.
Anyway a continued steam of mainly hospitality-led residential offering has turned up from the Soneva Kiri in Koh Kood, and local player X2.
Koh Chang and now Koh Mak have also hit the markets with independent developments offering mainly properties for investment yield and lifestyle.
Access remains the key obstacle for the moment, be it the lack of planes, trains and automobiles.
More flights to Trat have been seen, but you still need to get on a boat to get to the islands in question.
Airport access in Koh Kood is apparently on the horizon but the question of commercial viability remains a question mark.
Still without a doubt more developers are looking to launch mixed-use projects with hotels and investment units into this growing niche segment.