Property in Thong Nai Pan

Since 2004, when the land market opened to non-Thai nationals, land values in the Thong Nai Pan area have increased 800%. While land in Koh Phangan has also risen in price, no where else on the island can boast such dramtic increases in land value as those experienced in Thong Nai Pan.

The reason for the increase in land prices in Thong Nai Pan is that Thong Nai Pan was the first area in Koh Phangan to properly cater for those tourists looking for beautiful beaches, luxury accommodation and good facilities. A place for families that had nothing to do with the Full Moon Party, but still kept alive the laid back spirit of the island. Thong Nai Pan developed a unique image amongst both backpackers and tourists as a remote slice of tropical paradise, a place to get away from everything and rejuvenate. Such an image had a strong impact on the Thong Nai Pan land market.

In 2010 the Thong Nai Pan area continues to attract more and more visitors looking for paradise. There are now three luxury hotels and several mid-range accommodation options available in Thong Nai Pan. Facilities and amenities improve every year. The Thong Nai Pan beaches are the only beaches in Koh Phangan attracting high end tourism. Many holiday makers have now caught on to the fact that Koh Samui has fallen victim to over-development and environmental degradation and are choosing Thong Nai Pan as an alternative destination.

With a growing shortage of land available the market in Thong Nai Pan has naturally moved towards smaller property developments. The real estate industry in Koh Phangan has not reached overload where supply outstrips demand, as is increasingly the case in Koh Samui and Phuket. Koh Phangan has officially been designated as a zone for eco-tourism and as a consequence of this property development on the island remains low density. This is especially true of the Thong Nai Pan area.

At present there are a few building projects under way in the hills around Thong Nai Pan bay. There are also a few ambitious off-plan projects on the market. Now buyers can view finished or nearly finished luxury villas. The price of these villas represent excellent value for money compared to comparable sea view property in other beach locations in Thailand.

The real value for property In Thong Nai Pan lies not simply in "location, location, location" but rather in limited supply, quality and location. This makes owning a luxury villa in Thong Nai Pan a better investment not only for those seeking an ideal tropical hideaway but also for those looking to join the rental market.