By Chat Anupan
THE Agency for Real Estate Affairs (AREA) has disclosed that the average unit price of a housing unit on Koh Samui remains high despite a decrease of 20-40 percent in the number of projects this year due to the economic recession and other factors.
Dr. Sophon Pornchokechai, managing director of AREA, said that at present there are 46 property projects recorded on Samui.
These projects have a total of 1,114 units, which are apparently meant for the high-end market as the average price per unit is Bt18.557 million, or US$530,000.
“The targeted customers of property developers on Samui are those looking for high- end units, and these are usually from Western countries because the average unit price is still high even though the property business now on the island is not good. But the investors do not focus on the number of villas they sell but on their target group, which has a high purchasing power,” Sophon said.
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