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Phuket Property – Entry Sector Slump, Other Sectors Steady

By on Jul 29, 2015 in Property News, Residential
Market View Phuket Residential Report Highlights:
Villas:
– Sales performance declined in Q1 2015 compared to Q1 2014.
– Russian buyers continued to decline, but there was some evidence of Chinese buyers starting to enter the market.
– 3 projects launched in Q1 2015. Of the 3 projects launched, 2 were mid-range and the other was high-end.

Condominiums & Apartments:
– The best selling project was the entry level development with an average selling price of THB 5 million for a 50 square meter unit.
– 2 projects were launched in this quarter, 1 entry-level and 1 mid-range with mostly 1 bedroom type units.
– The buyer profile has changed this quarter with the first evidence of a few Chinese investors, a limited number of Thai investors, and a return of Western expatriates based in Asia.

Click here for the full report.

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