Koh Phangan

Koh Phangan inadvertently benefited from an increase in tourism set off by the completion of an airport on the neighbouring island of Samui back in the late eighties, however, it fortunately steered away from rapid development. Instead, there has been a focus on putting infrastructure in place to hold Koh Phangan in good stead for responsible development. It is mostly for this reason that Koh Phangan has long been the favoured island for backpackers and more recently for those who have been in search for an island escape that actually does feel like an island! Nevertheless, as more people have discovered Koh Phangan's charms, there has been more interest in foreign investment in this island haven.

The Samui Effect

Koh Phangan's land and property market can now be directly correlated with the early development on Koh Samui. In the early years, developers acquired large plots, often with title issues and put these in order before selling out smaller building plots.

Soon individual villas appeared and before long a full scale development boom was under way. Those who invested in the land and villas early made substantial gains and secured dream homes at unbelievable prices compared to today's market.

Koh Phangan is now at the stage where houses and apartments can still be acquired at significant discounts to Samui prices but land and property prices are advancing rapidly.

The FAREPS View

We at FAREPS have had significant experience on Koh Phangan, and have to admit that we believe the island to be even more beautiful and exotic than its well-known sister Samui. When we look around the world at similar twin island investment scenarios it is easy to see what will happen on Koh Phangan. Once Samui has become fully developed those seeking to escape the rat race will move to Koh Phangan.