THAILAND - Koh Samui ready to hoist her sails

Asia Property Report - September 24 2007

Every cruising market eventually loses momentum, but will a second wind follow swiftly for Koh Samui? And what form will it take? James Cook talks to the survivors of the recent slump and assesses new arrivals to the island’s shores.
A five-year property boom ended abruptly on Koh Samui when a series of high profile investigations into land encroachment coincided with the strict enforcement of the Foreign Business Act. The latter made it considerably more difficult for foreign investors to buy land through a Thai registered company, and with added uncertainty after the military coup, Samui’s once soaring market seemed to be facing a bleak future.

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