Phuket Villa Research

Phuket Villa Research: Data Source

This is an extract of the CBRE Phuket Property Report, is a quarterly subscription report. The report brings professional analysis and transparency to the growing Phuket Villa market which can, for the right projects, generate some of the highest returns in Thailand. Full Phuket property report

The Phuket villa
Phuket villa /house listings

The Phuket villa section of the report provides detailed information and analysis from CBRE's comprehensive and unrivaled Phuket and Thailand property databases, combined with our own exhaustive market and property surveys, coupled with the latest and most reliable secondary data from governmental agencies and private operators. The reliability and value of the research is the market understanding and expert opinion drawn from over 25 years of CBRE's full-scale operations in Thailand.

The data focuses specifically on the Phuket Villa market - incorporating villa information specifically.

Phuket Villa Classifications
We classify a Phuket villa into one of four categories based on price per unit. Classifications are based on the maximum number of units in a project that fall into a category; for example, a project with three luxury, five high-end and two mid-range units would have all units classified as high-end, because we consider the project to be high- end, since the greatest number of units in the project are high-end. For the purposes of this report, we have excluded housing projects that are aimed primarily at the Thai domestic market.
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Luxury Above THB 90 million High End Between THB 35-90 million
Mid-range Between THB 15-35 million Entry-level Below THB 15 million


A Phuket Villa classified as high-end and above generally demonstrates common characteristics such as:
  • Good panoramic sea view
  • Easily accessible locations
  • Good and secure neighborhoods, ensuring privacy of residents
  • Good building design, layout and decoration
  • Good standard of construction using high-quality materials and specifications
  • Comprehensive range of facilities, including swimming pool, gym, and/or squash and tennis courts, etc.
  • Professional management / Hotel management
  • Rental program provided
Phuket Villa Areas: Definition
 
West Coast
(North)
Northern area along the West Coast, including Mai Khao Beach and Nai Yang Beach
West Coast
(Central)
Central area along the West Coast, including Nai Thon Beach, Bang Tao Beach, Surin Beach and Kamala Beach
West Coast
(South)
Southern area along the West Coast, including Patong Beach, Karon Beach, Kata Beach, Kata Noi Beach and Nai Harn Beach
East Coast
(North)
Northern area along the East Coast, from Sarasin Bridge to Siray Island
East Coast
(South)
Southern area along the East Coast including Phuket Bay, Ao Chalong and Rawai Beaches
Inland Area in the island's center
 
Phuket Villa - Quarterly Highlights
  • Sales performance increased in Q2 2016 compared to Q2 2015.
  • The increase in this quarter’s sales was driven by higher-end villa projects with prices of THB 35 million and above.
  • There were no new projects launched in Q2 2016.
Phuket Villa Supply

Prior to 2004, the villa market had total stock of approximately 220 units. From 2004 onwards, both the supply of and the demand for villas grew significantly because of the expanding tourist market in Phuket and the accelerating regional economy. However, the villa market was affected by the global financial crisis of 2008 and, although prices did not fall, the potential buyers started to reconsider their financial position which led to a decrease in demand. Additionally, developers faced financial difficulties resulting in the postponement or suspension of a number of projects. Consequently, the number of villa completion slowed down.

 phuket villa sale

In Q2 2016, there were 22 villas completed increasing the completed supply of villas to 3,433 units. There are 978 units of villas which are planned or under construction. There are 290 villas which are due to be completed in 2016. However, as many developers will only start building a unit after it is sold, not all of the scheduled projects will actually be completed.

This is an extract of CBRE Phuket Property Report Please click for further details

We have further information on the Phuket Villa Market here

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please contact
James PitchonExecutive Director

Phone: +66 2 119 2901
Fax: +66 2 685 3307

CBREThailand
Executive Director
james.pitchon
Sales Staff

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