Phuket Residential MarketView Q3 2016
15 Dec 2016
Market Still Slow, Entry-Level Remains Active
The overall residential resort market has remained slow, with all new launches over the third quarter being-entry level. Only one villa project was launched, with prices between THB 14-16 million per villa at Peykaa Phase II.
The overall number of villas sold decreased while the value slightly increased compared to the same period last year.
Most of the sales were from the lower-end segments (THB 5-35 million). The demand for entry-level and mid-range villas comes from investors seeking guaranteed yields of 5-7% for 2-5 years.
Only one high-end villa (THB 35-90 million) was sold and no luxury villas (above THB 90 million) were sold in this quarter.
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