Thailand is on the brink of a major property law reform that could reshape the real estate market for decades. The government is preparing amendments to the Rights Over Leasehold Asset Act, extending the maximum lease term from 30 years to 99 years. If approved, this new legislation could transform the way foreign buyers approach Koh Samui real estate, making long-term property investment more attractive...
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Koh Samui, renowned for its pristine beaches and cultural richness, is set to elevate its standing in global tourism with the construction of the Koh Samui cruise terminal. This significant project, scheduled for completion by 2032, will transform the island into a key player in the international cruise industry. The terminal is expected to enhance Koh Samui’s tourism infrastructure and stimulate its...
Public Hearings and Stakeholder Engagement The Expressway Authority of Thailand (EXAT) has initiated a series of public hearings to assess the viability and environmental impacts of the proposed Koh Samui bridge. These sessions, held in Nakhon Si Thammarat, Surat Thani, and Koh Samui, are vital for engaging local communities, business owners, and environmental experts. Their input is crucial for...
Bangkok Airways has launched an ambitious Samui Airport Expansion Plan, committing THB 1.5 billion to enhance its infrastructure. This major investment forms part of a broader THB 2.2-2.3 billion strategy aimed at upgrading both Samui Airport and Trat Airport over the next two to three years. The primary goal is to strengthen airport capacity and services, enabling Bangkok Airways to capitalize on the...
Prime Minister Addresses Concerns Over Land Lease and Condo Quota Proposals Prime Minister Srettha Thavisin on 24th June 2024 addressed concerns that have arisen in response to the government's new proposals, particularly the 99 year land lease for foreigners and the increased condo quota for foreigners. Critics have argued that these measures might lead to what they term as "selling off the nation."...
Samui airport extends operating hours as Koh Samui prepares for a major increase in international tourists. With the high season approaching, the island’s tourism operators are pushing for more flights to meet the growing demand. Samui airport extends operating hours to accommodate an additional 20 daily flights, which could result in a 10 to 20% increase in tourist arrivals. This development is crucial...