The island of Koh Mak, located close to the country’s border with Cambodia in the Gulf of Thailand, is home to some of the most private beaches in the region. With only an area of 16 sq. kilometres the island is very walkable. Siam Royal View Group (SRV) owns a rare piece of land on the island and is offering buyers a unique opportunity to purchase it.
The 270-rai land plot is located on a prime beach location in Koh Mak. SRV has put a selling price of USD17 million on the plot which has over 1 kilometre of sea frontage. It could be used for private purposes or as a site for a resort, something Koh Mak currently lacks.
The price is competitive when compared to similar land in Samui or Phuket. The Koh Mak plot is also cheaper than those found in Koh Chang, a neighbouring island. The land is easily accessible from the nearby Trat Airport but also has room for its own airstrip which could be used by light aircraft and have hangars available for use.
SRV believes the island land could hold an estimated 200 hotel rooms, 100 villas, and 150 condos, which could be offered either as freehold or rentals. There is also space for entertainment venues, F&B options, wellness amenities, spas, and golf courses. These could be used to complement the neighbourhoods of a possible resort development.
The 1st phase of a potential beach resort could have as many as 50 keys, which would immediately increase the hotel supply on the island by 20 per cent. Should an investor be interested, SRV is willing to participate in a resort development as part of a joint venture deal or take on a consultancy role in the project.
This story appeared on property-report.com
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