The Best Locations to Buy a Condo in Phuket
Let’s say you've been living in Phuket for quite some time now, and after years of renting several houses and apartments, you've finally decided to settle down and buy a condominium or an apartment which you could call home. You and your family should know which areas in Phuket would suit you best. It's imperative that you drive around and search for the perfect condos for sale, as well as check for house auctions for repossessed properties. Just be prepared to share walls and community amenities (like recreational facilities and the swimming pool) with other condo dwellers.
Prime Phuket Condo Locations
With that being said, here are some quality condominium locations in Phuket. Many of these locations are situated in beachfront properties or have coastal surroundings, while other locations are more metropolitan in nature.
- Surin: The expensive condos available on Surin Beach are reserved for those who are used to the sweet (and suite) life of condo living. A typical Surin condo includes a spacious bedroom with a partial sea view, kitchenette, lobby or reception area, on-site property management, and 24-hour security.
- Kamala: There are a number of property investment groups that have constructed condos with gorgeous beach frontage in Kamala (complete with units with 1- or 2-bedroom floor plans that range from 70 to 400 square meters in size). This worthwhile piece of realty boasts of being mostly a resort mixed with condo life while maintaining international quality standards to entice foreign investors. View Phuket condo sale in Kamala
- Bang Tao: This west coast area serves as one of the few remaining prime locations and core areas when it comes to residential developments even after the west coast has practically been strip-mined of quality realty locations. It's a sought-after realty location because even though quality west coast sites are hard to find, resort property buyers invest in sites like this which serve as a key area of Phuket development. View Phuket condo for sale in Bang Tao
- Mai Khao: This area north of the Phuket International Airport has been catching up to the more developed locations because it also offers huge potential for growth. Bang Tao and Mai Khao are indeed quite alike in terms of development, particularly after Laguna Phuket was officially launched. However, Mai Khao is even more advanced in its progress as a result of the area’s established five-star hotels like Renaissance, JW Marriot, and Anantara. View Phuket condo for sale in Mai Khao
East Coast versus West Coast
The west coast of Phuket remains a key area among buyers and property investors because it has the lion’s share of the island's condominium developments, branded and non-branded villa offerings, standalone villas, five-star resorts, and other high-end properties of interest. Prime realty developments seem to be concentrated within this area. Most importantly, it is Phuket's west coast and its properties that have shown the most capital appreciation among the island's many quality locations.
However, prime west coast sites are scarce nowadays due to all the interest and developments within the area, thus, realty developers have been looking eastward as well as northward of Phuket International Airport (all the way to Phang Nga) for their realty needs. Phang Nga's Natai Beach and Phuket's east coast are emerging potential locations for huge growth that also offer various seaside panoramas and beachfront accessibility, as well as close proximity to the airport (which is in the best interest of Phuket’s tourism industry).
The Phuket condominium market provides a wide range of products for realty buyers that are interested to invest in resort properties that correspond with varying requirements and budgets. Real estate developments are predominantly concentrated in the west coast, including Mai Khao and reach all the way to Karon and Kata. Many of these condo projects are conveniently situated within 10 minutes from a beach. Specific to high-end luxury developments, they generally have panoramic views of the sea and/or ready access to the beach.
The Bottom Line on Pricing
Condominiums with entry level prices range from THB 3.5 million or USD 100,000. As for the more expensive luxury condos, they can reach a price of up to THB 30 million or USD 870,000. The Phuket realty market can offer you a myriad of condominium types such as units managed by top-ranked hotel brands or those which are managed by international hotel-operators (especially those that double as resorts with seaside views and the like).
The quality of a condo also depends on the brand and management associated with it, the service and facilities of a condo unit is directly impacted by the company’s reputation and grade. Naturally, buyers of these resort condominiums also take into consideration the balancing act between affordability and quality (i.e., unit sizing and design). Unit sizes are typically made to be more compact while still remaining relatively larger than the average city condo to reflect the market requirements of Phuket residents.
You have a choice between 300-square-meter, 2-bedroom units versus 25-square-meter studio units for singletons. You have to choose between how much money you have access to versus how much of a units’ quality you're willing to sacrifice in order to maximize your investment.