Phuket in a real estate frenzy: New luxury projects are conquering the market!

Phuket in a real estate frenzy: New luxury projects are conquering the market!

There is a lot going on in the real estate market in Phuket, particularly in the area of ​​luxurious “branded residences”. The demand for these exclusive forms of living is growing rapidly, attracting both local and international investors. How Naevna reports, the transfer of title for new residential projects has already reached an impressive volume of over 1,767 million baht in the first week of October.

The successes of real estate developers in Phuket are obvious. “Culture Thonglor” and “Culture Chula” are already off to a strong start, and demand from existing sales backlogs remains robust. Ananda Development, led by CEOประเสริฐ แต่ดุลยสาธิต, plans to continue generating incremental revenue in the fourth quarter through the middle of next year.

Luxury lifestyle in Kamala

Another highlight is the introduction of the project “The Residences at InterContinental Phuket Resort”.พสุ ลิปตพัลลภ. With an investment volume of over 2,500 million Baht, this project offers 111 exclusive units in close proximity to the Michelin 2 Keys-awarded InterContinental Phuket Resort. The “Live Beyond Boundaries in Paradise” concept promises a luxurious living environment that leaves little to be desired.

Also plansบมจ.แสนสิริ (SIRI)the launch of two projects with a total volume of 3,800 million baht, which is expected to further fuel demand in the region. In particular, the upcoming pre-sales for “D Condo Cove” in November promise promising sales figures.

A look at the market

How Bangkok Biz News notes, the trend is that the property market in Phuket is shifting from being purely dependent on tourism to being an attractive location for property development. The regions around Bang Tao, Kamala and Rawai in particular are setting standards with many new projects and partnerships between developers and property owners.

C9 Hotelworks managing director Bill Barnett highlights that affluent buyers, both Thai and international, are a driving force behind this growth. The Branded Residences real estate segment in Phuket already includes 26 projects with over 4,200 units and a market value of around USD 2.3 billion. The main goals are clear: access to luxurious amenities and a carefree, stylish lifestyle.

The attractiveness of branded residences

There is a wide selection of branded residences in Phuket, which not only impress with their first-class services, but also with their attractive investment opportunities. Loud Thai Residential These projects attract foreign investors who are interested in both the amenities of a resort and the security of a property.

• Der Bereich Cherng Talay (Bang Tao, Layan, Surin) beheimatet die meisten Branded Properties.
• Die Nachfrage nach kurzfristigen Vermietungen bietet interessante Einnahmequellen.
• Internationale Marken wie Amanpuri und Banyan Tree setzen hohe Standards.

In summary, Phuket is well on its way to becoming a hotspot for luxury living. The combination of fantastic locations, first-class amenities and an attractive investment climate promises to grow the region by over 70 percent by 2030. It will be exciting to see how the market will develop further - those interested in real estate should definitely bring a good hand with them!