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PHUKET PROPERTY MARKET

The Phuket real estate market is Thailand’s most mature resort property market.  The west coast was the first location to be developed in Phuket, with a range of resorts, condominiums and hotels. With the scarcity of prime beachfront locations in this area, the south and east coasts have become increasingly popular among homebuyers. Inland sites and golf courses are also being developed.

Property buyers continue to focus on the west coast where it is still possible to acquire quality properties with outstanding views. A wide range of developments are now available on the east and south coast and neighbouring islands and provinces.

As Phuket’s popularity as a destination continues to grow, with increasing demand for villas, condominiums and apartments to rent, both new homes and quality existing properties continue to offer a sound investment opportunity.

Villas, condominiums and apartments for sale on Phuket’s real estate market has attracted people buying homes for both investment and to use as a holiday property. Buyers are now tending to live in their villas and condominiums for longer periods and are choosing to retire to Phuket. Phuket’s wide range of real estate suits all types of buyers, with the following property types and options available:

  • PHUKET VILLA

A villa is the name most commonly used for a house or home in Phuket. They are normally are part of a resort and usually bought as a holiday home, often with a rental or property management service. In Phuket, there are many sizes and styles of villas, from two-bedroom pool villas to large four to six-bedroom villas with private grounds and large infinity swimming pools.  View Phuket villas for sale listings

In most quality developments, villas are offered for sale on a leasehold basis for terms of 90 years (30+30+30)

Phuket villas located inland may start from below THB 10 million but luxury four-bedroom oceanfront villas will exceed THB 200 million, while exceptional villas can achieve over THB 300 million.

  • PHUKET CONDOMINIUM

Condominiums offer freehold title. There are numerous condo projects in Phuket, principally located on the west coast and adjacent to the beach.

A more limited number of condominium projects, generally those of a superior quality, have full sea views.

Typical condos have two to three bedrooms, generous balconies and range from THB 5 million for those located inland or near to beaches to THB 15-55 million for luxury condominium projects with sea views.

Foreigners can own up to 49% of the total area of a condominium project on a freehold basis.

Top quality condos range in price from THB 100,000 to THB 180,000 per square metre.  Most condominiums will have facilities such as swimming pools, clubrooms or sports facilities.


CBRE, a leading Phuket's real estate agent, has further information on the Phuket Villa Market.

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Prakaipeth Meechoosarn
Director
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