Why invest in Koh Samui?
Koh Samui is unique as an economy in that it is largely unaffected by external events due to its worldwide appeal as a tourist destination and its appeal as a place to reside. KohSamui is a place that people like to escape to if they look for a few weeks in a tropical, relaxing environment or if they are looking for that dream location to move to on a more permanent basis. Koh Samui’s global appeal ensures that there is always a steady flow of arrivals regardless of what is happening in other countries around the world. Whereas in the past, it was mainly British, French, German and Australian tourists that visited KohSamui in large numbers, this is now supplemented by Russians, with the Chinese, South Koreans and Indians fast catching up.
Unlike other Thai beach destinations, such as Phuket, Pattayaand HuaHin, Koh Samui is not commercially (or physically) overcrowded, and as such, still has huge growth potential. This coupled with the year round tourist season has encouraged inward investment for both domestic and foreign companies, such as:
- The Bangkok based Central Group, has invested 96 Mn USD on a newly completed shopping mall in Chaweng which has a floor area of 90,000 Sqm’s located on 24 Acres of land.
- Platinum Group, a Thai development company has spent 20 Mn USD on building a shopping plaza in Bophut, and another 27 Mn USD on 1 x 4 star and 1 x 5 star hotel. Tesco Lotus has built 3 major supermarkets in KohSamui + approximately 20 Tesco Express stores, Big C also has a major supermarket and Makro also has 2 stores on the island.
- Many upmarket hotel/resort brands have chosen to have a presence in Koh Samui, these include: Four Season Resort, Banyan Tree Resort, Conrad, W Resort, Six Senses Hideaway, SalaSamui, Orient Express, Vana Belle, Le Meridian, Renaissance, Amari and Intercontinental to name a few. In the last year, Sheraton and Movenpick have both opened on the island. In addition the Ritz-Carlton is planned to open in the near future.
- 4 private hospitals are located in KohSamui, in addition to the government hospital. The private hospitals cater for both medical emergencies and cosmetic procedures.