Perfect Timing For Krabi Development

With Krabi enjoying improved infrastructure and lower competition than in Phuket, the Bangkok based property developer Perry Group International is investing 1.9 billion baht in a hotel, villa and condominium complex on 40 rai of this southern province after holding onto the plot for a decade.

The Pelican Krabi will feature 96 condos, 50 villas and 140 hotel rooms. Improved infrastructure and a low-key competitive atmosphere are putting this southern province in the spotlight.

Executive director Andrew Ngamsappasilp said now was the time to launch a project in Krabi. Road quality has surpassed Phuket's, and a new airport terminal and runway expansion will be completed this year, lifting the number of daily flights to 16 from 10 and supporting Boeing 747 jumbo jets.

A new modern hospital, Srinakarin International, with 200 beds, will be completed next year, accommodating Krabi tourists who must now travel to Phuket for Western standard medical care.

As well, the retail giants Big C and Tesco Lotus have entered the province in the past two years, highlighting the potential for growth.

Andrew: Better roads, more daily flights

"Krabi's property market remains less competitive with limited supply, while Phuket's is marked by high competition and price dumping," said the 28 year old, second generation family member. The Ngamsappasilp family has been active in the property business for more than two decades.

The Pelican Krabi, now being built on a seaview plot on Klong Muang Tab Kak beach at a total cost of 2.2 billion baht, will comprise 96 condominium units, 50 villas and a 140-room hotel.

Launched in March, the condos are 30% sold with a Thai-foreigner ratio of 3:2.

Units will range from 81 to 189 square metres priced from 70,000 baht per sq m. These will be completed by next year's second quarter.

A rental programme will be offered to condominium buyers.

Mr Andrew said that at estimated average occupancy of 50%, condo room rates of 4,800 to 6,200 baht a night would yield 8.9% a year.

With 25% of buyers expected to be Singaporean and 50% Scandinavian, an office has been opened in the city-state and a representative appointed in Malmo, Sweden.

The project is expected to be sold out by January.

Mr Andrew said the group will next year launch sales of the villas, priced from 13.5 million to 22 million baht for units on lots ranging in size from 60-120 square wah.

A rental programme will also be offered for these.

The hotel will be operational in three years, targeting the four star market, as there are already 10 five and six star hotels with more than 1,500 rooms at this location, said Mr Andrew.

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Private Islands For Sale In Thailand

Ever Dreamed Of Owning Your Own Island?

Thailand is Home to some of the most beautiful and natural islands in the world but there are only a handful that are available to be bought as a whole. Thai-Real.com is pleased to offer you a selection of whole private islands from all over the region.

You know you've made it when you own your own island!!

Koh Rang Yai

Location: Near Phuket
Total island Size: 275 rai
Total Price: 2,147,483,647 THB



Koh Kam Yai

Location: Near Krabi
Total island Size: 453 rai
Total Price: 650,000,000 THB



Koh Chong Rad Noi

Location: Near Phuket
Total island Size: 112 rai
Total Price: 553,000,000 THB



Koh Lek

Location: Near Krabi
Total island Size: 275 rai
Total Price: 300,000,000 THB



Koh Preo

Location: Near Krabi
Total island Size: 46 rai
Total Price: 280,000,000 THB



Koh Wang Nai

Location: Near Kanom/Koh samui
Total island Size: 120 rai rai
Total Price: 302,000,000 THB



Koh Wang Nok

Location: Near Kanom/Koh Samui
Total island Size: 120 rai
Total Price: POA



Koh Tae Nae

Location: Near Koh Phangan
Total island Size: 98 rai
Total Price: 500,000,000 THB



Koh Kram

Location: Near Chumpon
Total island Size: 60 rai
Total Price: 150,000,000 THB



Thailand Real Estate

Koh Mudsum Island land For Sale

Koh Mudsum lies just off the south coast of Koh Samui with views to Koh Mudsum, Koh Rap and mainland Thailand.

It is a long island with a sandy beach running all along one side and deep water on the other side, making this ideal for both swimming and yet deep enough to bring boats in.

Koh Mudsum is currently uninhabited except for a small working pearl farm at the southern end.

This parcel of land sits at the northern tip of the island with a huge amount of quality sand and ocean frontage, available for 8m baht per rai.

The water off this island is not too deep for a few hundred metres out and the sand is soft like silk when you walk through the water

With the Koh Samui Real Estate Market running out of good quality resort land the obvious alternative is to venture onto the smaller local islands

Private Islands For Sale
Thailand Real Estate

Land for sale Ao Nang 5.5 rai

A well located parcel of land right on the Aonang ring road only a few hundred metres from the petrol station turning to Aonang.



The front of the land has a large 65m of road frontage and at the rear is a beautiful mountain which Krabi is famous for.



Only a five minute drive from Aonang beach and Ao Namao this is the ideal location for a small housing project.

Krabi Land
Thai Real Estate

Sala Talay Resort and Spa Ao Nang Krabi

The delightful contemporary Sala Talay Resort & Spa is the latest boutique resort in Krabi. Located directly on the beach, with their very own fine dining restaurant, exocticly named Pakarang, one of the most attractive beach front venues around. Sala Talay is only a short walk from the all the boutiques, shops, restaurants and nightlife of Ao Nang and Krabi, with public busses and transport to Krabi stopping right outside our door.



Set in a protected forest area, and with the beach and beach-front right on your doorstep, you are surrounded by nature. The lush tropical boutique gardens and breathtaking ocean views are gently calmed by the soft breezes drifting in from the sea and the beach. Add to this their first class service and accommodation, the largest swimming pool in both Ao Nang and Krabi, then when you stay at Sala Talay Resort & Spa, you'll have a holiday you'll remember for years to come!

Thai Real Estate

Beach Land Haad Yao Krabi, 6.5 Rai

A small plot of land set amongst a number of quality developments on the Southern Haad Yao Beach around 30 minutes from Krabi town. Beautiful views of the sunset and local islands.

Almost square with the following dimensions

Beach Frontage - 96 metres
Road Frontage - 108 metres
Distance from road to beach - 102 metres



Krabi Land
Krabi Real Estate

Buying an Island in Thailand

Thai Real Estate - Ownership of a Thai Island

Ownership Structure

Option 1: Freehold as a Thai National
Option 2: Freehold via a Thai limited company with minimal Thai shareholders
Option 3: Leasehold. The maximum lease that can be registered at the local land offices is 30 years so a contract has to be drawn up with automatic renewals every 30 years.
Option 4: If a large development is going to take place with a large investment then a BOI can be applied for from the government (Board of Overseas Investment). This is headed up by the prime minister to encourage overseas investment. It is quite common in the tourist sector.

Land titles – all titles are transferable

Chanote: This title is fully buildable and measured exactly via GPS
Nor Sor 3 Gor: As above but measured with a tape measure rather than GPS
Nor Sor 3: An old title as above measured roughly
Sor Kor 1: Farmland that is owned by an individual
Por Bor Tor 5: Farmland that is owned by the government with the right to use if taxes are paid against the land.
Government land or green zone: It is common to find a percentage of this on most islands and it works well as it keeps a lot of the island natural. You can build non permanent wooden walkways and salas through this land.

Land Measurements

1 rai = 1,600 sqm
1 nang = 400 sqm (4 to a rai)
1 talang wah = 4 sqm (400 to a rai)

Building Regulations

Within 10 metres of the front of the land no permanent structure can be built
Between 10 metres and 50 metres all buildings must be a maximum of 75sqm in size and 6 metres high.
From 50 metres back all buildings must be a maximum of 2,000sqm in size and no more than 12 metres in height.

The same applies to all Thailand Real Estate with the exception of licensed condominium developments where foreigners have the option to own a freehold in their own name.