Residential Demand Driven by Investment-Oriented Products
There were 649 condominium units and 95 villas sold in H2 2019, increasing 18.9% Y-o-Y and 51% Y-o-Y, respectively.
Property sales were still concentrated on investment-oriented products with rental management programs that usually come with a fixed period of guaranteed returns for both villa and resort condominiums. Investors prefer resort condominiums because of the lower lump sum price and generally more attractive rental management schemes.
As of H2 2019, most of the condominium units sold were from projects with rental guarantees. However, a third of the total sales came from Skypark, within the Laguna Phuket integrated development which offered no rental program, yet achieved a sales rate of over 50% shortly after launch.