I am wondering if the land sale market on Samui is booming or bust right now. 

 

Are prices going up much? 

 

Is there much foreign demand? 

 

Are many new resorts being built? 

Land prices on Samui have been about the same for the last decade. Based on the number of same old sign with land for sale, the market is either not booming or some sellers are asking way over the price, the marked is prepared to pay.

 

In general on Samui: One rai (1,600 square meters) is (still) to my knowledge about 3.5 million baht. However, location makes – as always – a huge difference. Also the total size: If a large – for some, way too large – plot is for sale, with possibility of division into numerous title deeds, the price per rai can be lower, but rarely under the around 3.5 million baht level.

 

Land in hills with sea view, land on busy main roads and beachfront land is expensive. In my area equivalent to 60 million baht per rai – which is same price as in the last decade or longer – again larger plots for sub-division might be cheaper per rai.

 

Ready built new or newer luxury houses seems to increase a bit in asking price. There is a fairly high demand for luxury villas, many are used as investment for rental business.

 

I'm not aware of new resorts under construction at the moment, I think most newer projects have been finished and opened by now.

Thanks for the response. 

 

It seems odd.  Phuket has gone crazy over the past few years but Samui hasn't done anything. Why not? 

 

I'm not in Thailand now at least for 5 more years.  The reason I asked is I bought 5 rai in Lamai with partial sea view, top half of the land has decent sea view.  Bought 20 years ago.  Would like to sell and have been working with 5 or 6 serious land agent companies for 4 years or so but very very little interest. 

 

 

12 hours ago, Nepal4me said:

Thanks for the response. 

 

It seems odd.  Phuket has gone crazy over the past few years but Samui hasn't done anything. Why not? 

 

I'm not in Thailand now at least for 5 more years.  The reason I asked is I bought 5 rai in Lamai with partial sea view, top half of the land has decent sea view.  Bought 20 years ago.  Would like to sell and have been working with 5 or 6 serious land agent companies for 4 years or so but very very little interest. 

 

 

What is the title on the deeds and who is registered owner of the land (not a name, but rather if it's a company limited or a Thai partner or a proxy of some kind)..?

On 10/2/2025 at 1:41 PM, khunPer said:

n my area equivalent to 60 million baht per rai – which is same price as in the last decade or longer – again larger plots for sub-division might be cheaper per rai.

 Sixty million per rai is expensive and unlikely for Bangkok. there is no single rai of Bare land going on samui for that much. 

10 minutes ago, w00n s3n said:

 Sixty million per rai is expensive and unlikely for Bangkok. there is no single rai of Bare land going on samui for that much. 

Oh yeah, there is – and even more – 100 million baht per rai in Chaweng 20 years ago...

Just now, khunPer said:

Oh yeah, there is – and even more – 100 million baht per rai in Chaweng 20 years ago...

Show me one listing for a rai of bare land at that rate. 

38 minutes ago, w00n s3n said:

Show me one listing for a rai of bare land at that rate. 

https://www.ddproperty.com/en/property/unique-beachfront-land-for-sale-in-maenam-for-sale-500013973

 

2 rai beach front  360,000,000 baht

17 minutes ago, EVENKEEL said:

https://www.ddproperty.com/en/property/unique-beachfront-land-for-sale-in-maenam-for-sale-500013973

 

2 rai beach front  360,000,000 baht

yikes, but it's pure delusion. 





 

3 hours ago, w00n s3n said:

Show me one listing for a rai of bare land at that rate. 

The is probably no bare land anymore in Chaweng – I neven mentioned bare land – Charlie's hut, 4 rai was sold for 400 million baht about 20 years ago, the buildings was not worth keeping, so they were not of any value. Today's last price for land where I live, which was five ago – and old building to be taken down, so actually more expensive cost for buyer than buying "bare land" – was equivalent to 60 million baht per rai; I know as I was actually offered the land, the asking price was slightly higher. Land price is – like everywhere – depending of location,  you can still find "bare land" on samui for around four millin baht per rai, but that is not prime location.

15 hours ago, khunPer said:

The is probably no bare land anymore in Chaweng – I neven mentioned bare land – Charlie's hut, 4 rai was sold for 400 million baht about 20 years ago, the buildings was not worth keeping, so they were not of any value. Today's last price for land where I live, which was five ago – and old building to be taken down, so actually more expensive cost for buyer than buying "bare land" – was equivalent to 60 million baht per rai; I know as I was actually offered the land, the asking price was slightly higher. Land price is – like everywhere – depending of location,  you can still find "bare land" on samui for around four millin baht per rai, but that is not prime location.

Guess it depends where you are really, there is endless amounts of land available in Nathon area etc. Seen various 1 ngan sized land for like 400-600K. Except perhaps the most populair hot spot areas I do not believe in the land pricing at all, neither do I get how it stays that high, if you look at how much space there still is on the entire island. It doesn't match with economy nor wages at all.

3 hours ago, ChaiyaTH said:

Guess it depends where you are really, there is endless amounts of land available in Nathon area etc. Seen various 1 ngan sized land for like 400-600K. Except perhaps the most populair hot spot areas I do not believe in the land pricing at all, neither do I get how it stays that high, if you look at how much space there still is on the entire island. It doesn't match with economy nor wages at all.

it's the hundreds of cowboy real estate agents driving up expectations of sellers

2 hours ago, ChaiyaTH said:

Guess it depends where you are really, there is endless amounts of land available in Nathon area etc. Seen various 1 ngan sized land for like 400-600K. Except perhaps the most populair hot spot areas I do not believe in the land pricing at all, neither do I get how it stays that high, if you look at how much space there still is on the entire island. It doesn't match with economy nor wages at all.

Exactly – "...it depends where you are really," – i.e., location. Nathon and Lipa Noh are affordable areas and land in the back from both beach, Ring Road, town centre and seaview in hills is low priced. Asking price and appraised price from the Land Office cannot be used for, anything, but kind of guide. Asking price is often too high, and appraised value normally in the low end or way too low. The actually reduced appraised land price to half during Covid to financially help people, as land tax is based on appraised vale, it's still not been levelled up again for "my land".

 

Land price – or rather the actual selling price – is a question of supply and demand. If a buyer really wants a plot in a specific location, the price goes up, even way up in some areas. For Thais it is often a question of business, which is why flat cleared land – "bare land" – by the Ring Road or other similar busy street is highly valued. Foreigners, on the other hand, value view and beach front – if available – the latter also highly wished for by hotels. Everything in between is more modest priced and comparably cheap.

 

In long term it is the land that has value increase in Thailand, while older buildings loose value. My first land lord here, a former bank employee and now property investor, told me that they count buildings to loose 10% per year in value; i.e. 90% value after 1 year, 81% value after 2 years, 73% value after 3 years, and so on. In real life, in the first few years a new built house might keep value or can even be sold as "turn key" with a profit, as buyer don't need the hassle of paperwork, building permission and construction; while in longer term an old villa might need a major refurbish or reconstruction to be useable for a new owner. Also maintenance – which can be costly – might keep the building value up. After a period, house or buildings have lost value to half, while the land-price has increased to the double – or more. Therefore, a plot of land with older buildings might not be worth more than "bare land".

 

My neighbour, a property lawyer, built a luxury quite big beachfront house, used it during a period for rental and sold it after a few years with 30% discount on asking price, but still with a little mark up. The original land price was 30% of the total investment. The new owner has the property for sale during a couple of years now with asking price of about 50% more than their buying price, but no buyers. The house has become 15 years old and in need of maintenance; the "bare land" price is about double up now, compared to the original land price. So, quite unlikely they will get (much) more than what they paid for the property.

20 minutes ago, steelerian said:

it's the hundreds of cowboy real estate agents driving up expectations of sellers

Both yes and no in my view.

 

Without a useable official property valuation asking price is a jungle – only real selling price is worth anything, but you will often not be able to knowledge about that prices.

 

However, new, newer and well kept property has a value. You can base it on actual rental value. Property price would be around 10 times the annual rental. If you can get a rent of 325,000 baht per month, then a selling price of 40 million baht is realistic (photos I snapped at a real estate agent in Chaweng Beach)...