Koh Yao Noi and Koh Yao Yai occupy one of the most distinctive positions in southern Thailand’s property market. Located in Phang Nga Bay between Phuket and Krabi, the two islands offer a combination of tropical scenery, low-density living, boutique resorts, private villas and undeveloped land that has become increasingly difficult to find in Phuket’s established coastal areas. But Koh Yao real...