A-Z New Condominiums in Phuket All New Developments

What is a condominium?

Condominium is a residential complex with common area and infrastructure and a special license. Foreigners can own condominium units in their personal names. Condominiums are the most common type of housing that is acquired by foreigners in Thailand.

The main purpose of buying a condominium in Phuket is an investment. A condominium license allows managing companies to obtain a hotel license in the future. Which makes it possible to rent the units out on a daily basis and make a high rental yield for unit owners.

Variety of condominiums in Phuket

There are ~ 60 new developments with a total of 8-10 thousand condo units coming at Phuket real estate market in 2018-2020. Such a big choice entails some difficulties for a potential buyer.

The main problem of choosing a condo unit in Phuket is a lack of information about all projects for comparison. In most cases, a buyer is not able to evaluate the offers made by a real estate agent. For more informative decision on the property investment it is necessary to understand the difference about the location, land costs, infrastructure and the future of the area.

The difference in land prices on Phuket can be tenfold. Same-size plots located in different areas or distances from the beach can differ in price as much as 5 million and 150 million baht. At the same time, the cost per square meter of an apartment in projects with different locations can be similar, usually the prices are around 80-120 thousand baht per square meter of completed condo unit with furniture package.

Compare of infrastructure and prospects

Phuket infrastructure is actively developing and changing. To understand the future of the area you have to learn about both completed and coming projects. These may be competing projects that will affect the occupancy and rental income of the selected condominium. Other projects such as shopping centers, new restaurants, entertainment complexes (water park, kids park, etc.) that will increase the interest in the area and the rental demand.

Phuket condominiums from A to Z

The condominium list is to help you to understand and analyze the property development market. You may use data from this website, but note it is regularly updated.

On photo - Wekata Luxury Hotel (Sales name VIP Kata Condominium Phase 2). Invtstment condominium. Construction period Ausust 2018 - August 2020