Rats Leaving A Sinking Ship?

[goldfish]

Just took these from Sunbelt Asia's website. There are often weeks, if not months, between business's in Samui coming onto the market so was a little surprised to see so many resorts and land for sale at the same time

A brand new Koh Samui Resort that is 80 percent complete has become available for acquisition, as the owner has too many other businesses and has realised that this project is too much for him to handle alone. The freehold offering includes three rai (4,800 square metres) of land, 40 metres of beach frontage, a huge swimming pool and numerous upmarket guestrooms. The construction of the resort is so close to conclusion that the new owner could easily open for business while the final stages are completed.

Total Investment To Own: 45 million baht.

Health problems have forced the owner of this top shelf Koh Samui Resort to place his property on the market. The freehold offering includes three rai (4,800 square metres) of landscaped tropical gardens, 60 metres of private beach frontage, 60 high standard rooms, a huge swimming pool and two restaurants (one of which sits beachside). An excellent website helps to keep the resort heavily booked all year round, with occupancy rates averaging 75 percent over the last 12 months. Full financial results will be disclosed to interested parties, and detailed accounts can be examined by qualified buyers. A Thai company is included in the asking price, and this will provide a work permit for the new owner. The employees are aware of the sale, and all have expressed a desire to remain on the workforce after the handover.

Total Investment To Own: 300 million baht.

Providing 100 metres of beautiful beach frontage, this large Parcel of Koh Samui Land is considered to be just right for development. The land is perfectly flat, measures 11 rai (17,600 square metres), and is located on the south of the island. Currently covered with coconut trees, the land has a concrete access road, power and water supplies, and enjoys magnificent views of the sunrise over a neighbouring island. Competitively priced at 8,000,000 baht per rai, the entire parcel can be acquired for 88,000,000 baht.

Total Investment To Own: 88 million baht.

A large Tract of Land, located on the southern end of Koh Samui, and providing 70 metres of pure beach frontage, has become available for acquisition. This part of the island still provides virgin land, and this particular plot is covered with coconut palms and measures nine rai (14,400 square metres). Magnificent views are afforded, and the area would be ideal for the construction of a tranquil resort for families with children. An asking price of 90,000,000 baht has been set, with the owner preferring to sell the parcel whole: he is amenable to splitting the area into two separate plots however, if this were to suit the aims of investors.

Total Investment To Own: 90 million baht.

The rent has been pre-paid until 2014, the resort is experiencing healthy bookings, and the personnel are aware of the sale and have stated their intention to stay on to work for the new owner. The seller feels that that the resort, being offered as it is for such a low price, now represents tremendous value, especially as high season is approaching.

Total Investment To Own: 9.5 million baht.

[lazeeboy]

people always panic this time of year ,come january all the bad months are forgotten.

[maccaroni man]

there is no sign of panic in the pricing.

[LaoPo]

Just took these from Sunbelt Asia's website. There are often weeks, if not months, between business's in Samui coming onto the market so was a little surprised to see so many resorts and land for sale at the same time

A brand new Koh Samui Resort that is 80 percent complete has become available for acquisition, as the owner has too many other businesses and has realised that this project is too much for him to handle alone. The freehold offering includes three rai (4,800 square metres) of land, 40 metres of beach frontage, a huge swimming pool and numerous upmarket guestrooms. The construction of the resort is so close to conclusion that the new owner could easily open for business while the final stages are completed.

Total Investment To Own: 45 million baht.

Health problems have forced the owner of this top shelf Koh Samui Resort to place his property on the market. The freehold offering includes three rai (4,800 square metres) of landscaped tropical gardens, 60 metres of private beach frontage, 60 high standard rooms, a huge swimming pool and two restaurants (one of which sits beachside). An excellent website helps to keep the resort heavily booked all year round, with occupancy rates averaging 75 percent over the last 12 months. Full financial results will be disclosed to interested parties, and detailed accounts can be examined by qualified buyers. A Thai company is included in the asking price, and this will provide a work permit for the new owner. The employees are aware of the sale, and all have expressed a desire to remain on the workforce after the handover.

Total Investment To Own: 300 million baht.

Providing 100 metres of beautiful beach frontage, this large Parcel of Koh Samui Land is considered to be just right for development. The land is perfectly flat, measures 11 rai (17,600 square metres), and is located on the south of the island. Currently covered with coconut trees, the land has a concrete access road, power and water supplies, and enjoys magnificent views of the sunrise over a neighbouring island. Competitively priced at 8,000,000 baht per rai, the entire parcel can be acquired for 88,000,000 baht.

Total Investment To Own: 88 million baht.

A large Tract of Land, located on the southern end of Koh Samui, and providing 70 metres of pure beach frontage, has become available for acquisition. This part of the island still provides virgin land, and this particular plot is covered with coconut palms and measures nine rai (14,400 square metres). Magnificent views are afforded, and the area would be ideal for the construction of a tranquil resort for families with children. An asking price of 90,000,000 baht has been set, with the owner preferring to sell the parcel whole: he is amenable to splitting the area into two separate plots however, if this were to suit the aims of investors.

Total Investment To Own: 90 million baht.

The rent has been pre-paid until 2014, the resort is experiencing healthy bookings, and the personnel are aware of the sale and have stated their intention to stay on to work for the new owner. The seller feels that that the resort, being offered as it is for such a low price, now represents tremendous value, especially as high season is approaching.

Total Investment To Own: 9.5 million baht.

Huge differences in price if you only look at the Rai available. Depends on the turnover and net profit of course.

LaoPo

[Samui Coconut]

Header is not very appropriate, just because there are a few resorts/business for sale does not mean a lot. There are more new resorts being build than actually for sale.....

http://www.thebizxchange.com/locbrowseresults.asp?lid=56

Land has always been for sale for donkey years.......

Don't understand the big deal about this.....

[ChaiRorn]

Totally agree Samui Coconut, the market isn't being abandoned at all, in fact it's full steam ahead for most, the only difference is the level of investment coming in which is making it harder for the smaller developers to compete.

[southwest19]

Just took these from Sunbelt Asia's website. There are often weeks, if not months, between business's in Samui coming onto the market so was a little surprised to see so many resorts and land for sale at the same time

A brand new Koh Samui Resort that is 80 percent complete has become available for acquisition, as the owner has too many other businesses and has realised that this project is too much for him to handle alone. The freehold offering includes three rai (4,800 square metres) of land, 40 metres of beach frontage, a huge swimming pool and numerous upmarket guestrooms. The construction of the resort is so close to conclusion that the new owner could easily open for business while the final stages are completed.

Total Investment To Own: 45 million baht.

Health problems have forced the owner of this top shelf Koh Samui Resort to place his property on the market. The freehold offering includes three rai (4,800 square metres) of landscaped tropical gardens, 60 metres of private beach frontage, 60 high standard rooms, a huge swimming pool and two restaurants (one of which sits beachside). An excellent website helps to keep the resort heavily booked all year round, with occupancy rates averaging 75 percent over the last 12 months. Full financial results will be disclosed to interested parties, and detailed accounts can be examined by qualified buyers. A Thai company is included in the asking price, and this will provide a work permit for the new owner. The employees are aware of the sale, and all have expressed a desire to remain on the workforce after the handover.

Total Investment To Own: 300 million baht.

Providing 100 metres of beautiful beach frontage, this large Parcel of Koh Samui Land is considered to be just right for development. The land is perfectly flat, measures 11 rai (17,600 square metres), and is located on the south of the island. Currently covered with coconut trees, the land has a concrete access road, power and water supplies, and enjoys magnificent views of the sunrise over a neighbouring island. Competitively priced at 8,000,000 baht per rai, the entire parcel can be acquired for 88,000,000 baht.

Total Investment To Own: 88 million baht.

A large Tract of Land, located on the southern end of Koh Samui, and providing 70 metres of pure beach frontage, has become available for acquisition. This part of the island still provides virgin land, and this particular plot is covered with coconut palms and measures nine rai (14,400 square metres). Magnificent views are afforded, and the area would be ideal for the construction of a tranquil resort for families with children. An asking price of 90,000,000 baht has been set, with the owner preferring to sell the parcel whole: he is amenable to splitting the area into two separate plots however, if this were to suit the aims of investors.

Total Investment To Own: 90 million baht.

The rent has been pre-paid until 2014, the resort is experiencing healthy bookings, and the personnel are aware of the sale and have stated their intention to stay on to work for the new owner. The seller feels that that the resort, being offered as it is for such a low price, now represents tremendous value, especially as high season is approaching.

Total Investment To Own: 9.5 million baht.

Conrad Hotels, Four Seasons and W Hotels have all recently opened or have launched new projects on Samui and Bangkok Airways have doubled the capacity of their passenger terminal hardly rats leaving a sinking ship.

[SamuiRes]

Just took these from Sunbelt Asia's website. There are often weeks, if not months, between business's in Samui coming onto the market so was a little surprised to see so many resorts and land for sale at the same time

Or could it be that Sunbelt Asia, despite having an office here for a while, have a new representative on the island who is perhaps more dynamic than the last one and simply producing more business?

[goldfish]

Maybe the title was a tad melodramatic, but there was a question mark. It was just an observation not a statement. People who invest millions of baht don't usually change their minds when a project is 80% complete. These same people usually have paid contacts in influential positions who know long before the public if there are going to be major changes. That's why I thought it may be of interest

[goldfinger]

Maybe , """"These People who invest millions of baht don't usually change their minds when a project is 80% complete."""""

never thought about running the business by theirselves.

Investing, building for low costs( as far as its possible on USM) and then selling(or trying to do) the nearly finished project with a profit of 15 to 25 % sometimes makes more sense.