Phuket Residential MarketView H1 2017
10 Oct 2017
Returns Expected from Residential Investment
Ninety percent of resort property sales were confined in the lower-end segment (THB 5-35 M per unit for villas and below THB 8 M for condominiums) driven by investors seeking rental returns of around 5-7% for 2-5 years.
Expatriates of many nationalities working in Asia and some wealthy Thais from Bangkok have continued to be the main buyers of Phuket’s resort properties. Russian buyers started to come back with the appreciation of the Rouble against the Thai Baht. There were also Chinese investors in certain entry-level projects. sales came from buyers who bought multiple units, buying at bulk prices and hoping to resell.
Buyers at all price levels are seeking rental income while using the property for their own stay for less than 60 days per year only. We expect that majority of the future projects to be launched will focus on buyers purchasing for investment.
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Phone: +66 2 119 2901
Fax: +66 2 685 3307
Director - Resort Property
Phone: +66 81 538 6879 (mobile), +66 76 689 991
Fax: +66 76 689 919
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