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Resort Land Locations: Thailand
PHUKET
1. The West Coast Beachfront and coastal land on the west coast of Phuket has always been popular for both hotel and residential property developments. It offers the white sandy beaches and beautiful sunset views that are sought by most visitors. As a result, beachfront and coastal land sites with good title deeds on the west have become scarce, with prime raw land on Phuket’s west coast now some of the most expensive real estate in Thailand.
Patong, halfway along the west coast, is the most well-known tourist destination with a high density and wide variety of hotels. The latest beachfront land transaction in 2007 reached USD 4,200 per square metre.
2. The East Coast
The east coast of Phuket offers views across Phang Nga bay and towards many small islands off the coast. Although there are not as many beaches in this area, Phuket’s east coast has become developed because of the scarcity of prime sites on the west. Some of the most well-known projects on the east are Cape Yamu, Jumeirah Private Island Phuket and Sri Panwa.
PHANG NGA
1. The West Coast
Phang Nga, part of greater Phuket, is also becoming an important centre for real estate development as it offers an attractive alternative to Phuket’s beaches. An increasing number of developments are being planned along this part of the Andaman coastline, from just across the Sarasin Bridge leading from Phuket, Natai beach, Bo Dan beach and extending up to Thai Muang. The beauty of the area and its proximity to Phuket International Airport are strong pull factors for international and Thai investors. The price of white sandy beachfront land in Phang Nga is significantly cheaper than Phuket and there are still beachfront land sites suitable for large-scale resort developments.
2. The East Coast
The east coast in Phang Nga is similar to Phuket’s eastern coastline, with stunning views of the limestone karst formations of Phang Nga bay which are like those of Halong Bay in Vietnam. There are several developments underway on this side of Phang Nga and land prices are cheaper than for inland sites in Phuket.
KRABI
Krabi is another resort area receiving a great deal of interest from investors. This is due to the recently upgraded Krabi International Airport and the stunning views of the limestone formations in Phang Nga bay and around Krabi. The main areas of interest in Krabi are Tubkaek, Had Yao, Ao Nang, Railey, Klong Muang, Ao Luk and Lanta Island. Prime land sites in Krabi are also not easy to find, with land prices in most of Krabi comparable to those of Phuket, except for Had Yao and Ao Luk. These two areas are still emerging in the Krabi market and waiting to be developed.