Setbacks for investors

Setbacks for investors - Foreign developers on Samui suspend work - The Nation, April 11, 2007
...Property developers from the UK and Scandinavia have announced the sale of nearly Bt6 billion worth of their projects on Koh Samui, following a new city plan and a lack of clarity in the amended Foreign Business Act.
Research by the Agency for Real Estate Affairs indicates the new city plan on Koh Samui will mandate that property projects cannot be constructed higher than 150 metres above sea level. As a result, British and Scandinavian property developers planning projects higher than that must suspend them...
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