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Phuket Residential Sales Performance by Value Increased in Q4 2013

By on May 09, 2014 in Research

Phuket Residential MarketView Q4, 2013

Condominium & Apartments

Phuket Residential MarketView Q4 2013In Q4 2013, there were two new resort condominium projects launched in the east coast area and west coast area: Diamond Condominium (Mid-range Condominium: THB 60,000 – 89,999 per sq.m.) and The Beachfront (High-end Condominium: THB 90,000 – 109,999) .

There were two new projects completed which were The Charm Residence and Best Point Condominium which are Luxury (THB 110,000-200,000 per sq.m.) and Entry-level (below THB 60,000 per sq.m.) resort condominiums located at Patong beach and Ao Makham Beach.

The completed supply grew by 15.7% Y-o-Y. There are more than 2,800 resort units in the pipeline which are expected to be completed by the end of 2015.

In Q4 2013, buyers still preferred smaller condominium and apartment units and sales were best in mid-range projects (THB 60,000-89,999 per sq.m.).

We have seen an increase in buyers for rent and long term investors. The most popular unit type for rent is the one-bedroom unit.

We also have seen active resale units of unit built condominiums. The resale units tend to offer bigger unit sizes and better value of money and often better quality as the buyers can see the actual units before buying.

This is an extract from Phuket Residential MarketView Q4 2013, click to download the full report at Phuket Residential MarketView.

Toby has been living in Bangkok for a number of years and has a strong research background. With his years in Thailand Toby brings a wide range of property knowledge to his research writing

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