THAILAND - Koh Phangnan sees condos on horizon

Property Report Thailand - November 07 2007

Koh Samui’s property market has boomed in recent years with developers and ex-pats rushin for slice of the tropical pie. So rapid is the expansion that attention has already been placed on the environmental impact caused by such a flurry of construction. The desire for real island living has propmpted development opportunities further a field on neighbouring Koh Phangnan, with a number of projects already setting the standard.
Koh Phangan gained popularity with young partygoers and the alternative lifestyle fraternity, thanks mainly to its monthly full moon celebrations. However, much of the original island charm survives and this is behind what may become a boutique development boom.

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