The land in question is a prime piece of absolute beachfront land which has amazing panoramic sea views. It is located on the beautiful island of Koh Sichang. The size of the land is 130 rai (1 rai = 1,600sqm / 0.4 acres) elevated rolling up a gentle hill on Tham Phan Beach, one the most attractive beach on the island.
Koh Sichang has about 5,000 inhabitants and is 17,3 km² in size. It is connected by speed boat (30 mins) from Si Racha pier. The island has a developing tourist trade and to date has some resorts and a greater number of budget and mid range accommodation options.
The island has laid back charm and a slow pace of life which captivates visitors. Koh Sichang is a popular destination for sailing boats and motor yachts navigating around the bay. Being in a bay the water is very calm without swell allowing for ideal sailing and boating conditions.
•130 rai (51 acres)
•Prime beachfront & sea view
•Suitable for villa development or resort
•For sale at 910m THB / 30.330.000 USD
Why is this land a good investment?
A major factor which makes Koh Sichang attractive for future development is the fact that it is a short journey to many of the resorts on Pattaya and Chonburi.
Koh Sichang is two hours away from Bangkok airport. The road from the airport to Si Racha port passes through a very quiet area. The transfer by ferry boat from the port directly to the island takes at 40mins.
There is a marina on Koh Sichang offering basic range of services to customers.
An investment in this land would allow flexibility in terms exit strategy as there are several types of exit strategies that will grant a healthy capital gain, for example;
• Buy and hold. If there is no pressure to release capital invested, this would be an advisable strategy in order to achieve a sale at a targeted price. The longer the land is held onto, the more it will rise and the period when land values will rise quickly looks to be fast approaching especially considering the factors stated above.
• Subdivide and re-sell individual land plots. Converting the 120 rai of land into smaller plots, creating a separate land title for each, which could then be sold off, is a highly profitable strategy which could easily achieve a 100%++ capital gain.
• Resell or broker land to resort or hotel chain. Hotels and resorts are always keen to secure prime beachfront land and property.
• Resell or broker land to a property developer. Given the prime nature of the land, there are a variety of types of development projects that would be suitable.
The continual increase in the number of global citizens taking holidays and travelling is one of the only growth megatrends that investors can be certain about in today’s volatile investment climate. The greater Chonburi area, as tourist destination located within 6 hours flight time of a third of the world’s population, will benefit from this megatrend as much as anywhere else on earth.
Over recent years investors have made extremely profitable investments in land on Pattaya and around, but as the market has matured the really profitable opportunities have largely dried up. The best land investment opportunities are now on islands and locations close to Pattaya and this is the pick of them.