The cost of lands varies between the cities and there are interesting opportunities to invest comparing to the cost of land in America, Europe or other major Asian cities like Hong Kong or Singapore.
- The average cost of undeveloped land in America is $270,994 per acre, while the average price per acre in Thailand is $6,500.
- The price of undeveloped plots of land is estimated to be around 45% of the value of similar developed plots in the same area.
A brief estimation of undeveloped land prices in Bangkok values land at around 20,000 baht, or around $640, per square meter, while In Koh Samui, the average cost was around 14,000 baht, or around $450, which makes the island a great market for real estate investors.
While land in Koh Samui is less expensive than land in Bangkok, it is not the only reason to invest in the island. The Thai government has placed development restrictions, thus increasing competition. This will likely increase land prices considerably in the future, making for some strong opportunities for an excellent return on investment.