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Phuket Villa Sales Quiet – CBRE Marketview Phuket Residential

By on Apr 19, 2016 in Property News, Residential

2016-04-20_094043During Q4, 2015 villa sales in Phuket have declined when compared with the same period for 2014. The poor performance was mainly due to a decline in the performance of the entry level (THB 5-15 million) sector.  Our belief is this is partly due to buyers shifting from looking for a holiday home to looking for income from their investment. We believe this is temporary until the global economy recovers and then more holiday home buyers will return to Phuket.

We believe the overall Phuket villa market will continue to be slow although there continues to be interest from high end holiday home purchasers, however Phuket developers need to ensure they are providing sufficient confidence that prospective buyers believe they will deliver.

2016-04-20_094127

There were 4 villa projects launched in Q4. Anantara and MontAzure projects had average prices of over 370 million THB.

Phuket condo sales have risen, but only for the entry level price range. Nearly half of the units sold in Q4 2015 came from 2 projects with a hotel management brand. Approximately 90% of the total units sold were studio or 1 bedroom units with an average price of less than THB 5 million. 5 new projects were launched in Q4 2015.

Source : CBRE Marketview Q4 2015 – Phuket Residential
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