Samui land prices seen rising 11.8%, if no new bombings
Land prices on Koh Samui may rise by 11.8% this year with Chaweng beach remaining the priciest address at around 120 million baht a rai, independent real estate surveyor Agency for Real Estate Affairs said.
The agency has tracked land prices in Surat Thani's Koh Samui district since 2011 and found an average rise of 35% over the past four years, but only 2.4% from 2011-12 due to an economic slowdown. Prices began to jump again in 2013.
The company predicted that prices could rise as much as 11.8% this year, but might fall short of the forecast if the island is hit by new bombing. A car bomb exploded in Central Festival Samui on April 10, injuring seven people.