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There is positive momentum in the Phuket property market

By on Jul 11, 2013 in Research

CBRE’s Q1 2013 Phuket Residential MarketView showed there was positive momentum in the Phuket property market.

International passenger arrivals at Phuket International Airport increased by 23% Y-o-Y from Q1 2012 and 36% Y-o-Y from Q1 2011, according to the Airports of Thailand Public Company Limited (AOT). The resort condominium market continues to improve with better sales volume and a higher price per sq.m. based principally on smaller units and cheaper total unit prices.phuketResidential

In Q1 2013, there were six new condominium and apartment projects launched; Baan Mai Khao (Sansiri), Amari Residences, Laguna Shores Phase 2 (Laguna Resorts and Hotels), Oceana Condominium, The Emerald Terrace, and Shivalai. They were all on the West Coast with either sea views or beach proximity. Most of these projects are Luxury and High-end (prices above THB  90,000 per sq.m.) More developers are using the leasehold ownership structure offering a series of 30+30+30 years leases rather than using the condominium structure and facing the 49% foreign ownership restriction. To continue reading or to download the full report, visit  http://www.cbre.co.th/ResearchCentre/Research/Phuket-Residential-MarketView-Q1-2013

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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