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The Koh Chang Property Market

Jan 8, 2013

Times are changing fast in the youthful Koh Chang Property Market. Koh Chang has only recently developed as a tourist destination and so has only experienced large scale growth in hotels and tourist visits over the past ten years or so. Whilst there has been an explosion in the number of hotel beds and related tourist businesses the potential for residential property construction, with a few notable exceptions, has remained untapped. If you consider the histories of development of Thai resorts like Koh Samui, Phuket and Hua Hin that have been growing for ten or twenty years longer than Koh Chang then the next wave of development is set to see huge demand for housing and condominium development. There are certain factors unique to Koh Chang that have major effects on how the property market will develop. The first is the fact that Koh Chang lies within a Thai Marine National Park. Around 70-80% of the land area of the island falls within national park control and, since it is under government ownership, it cannot (at least in principle) be developed. Also, the Thai Navy own large tracts of land on the island. Add to this the fact that a […]

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