Research Centre

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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Phuket_Residential_MarketView_H1_2017.pdf
James Pitchon
Executive Director

Phone: +66 2 119 2901
Fax: +66 2 685 3307
CBREThailand
Executive Director
james.pitchon@cbre.co.th
Sales Staff
Prakaipeth Meechoosarn
Director - Resort Property

Phone: +66 81 538 6879 (mobile), +66 76 689 991
Fax: +66 76 689 919
CBREThailand
Director - Resort Property
prakaipeth.meechoosarn@cbre.co.th
Sales Staff