Phuketโs branded residences have soared to a record-breaking value of THB80 billion (about USD2.3 billion), establishing the island as the world leader in leisure property supply, alongside urban giants like Dubai and Miami.
Condominiums make up 59% of the market, with an average unit price of THB11.7 million, while villas command a median price of THB120 million, representing 41% of the total value despite comprising only 6% of the supply. With 27 properties and 4,267 units for sale or in development,
Phuketโs branded residences market is thriving, particularly in the Cherngtalay sub-district. A notable trend post-COVID-19 is the integration of mixed-use models and branded properties by hotel developers to maximize returns amidst rising land prices. The entry of global brands like Rosewood and The Standard signifies Phuketโs emergence as a prime destination for luxury real estate, with branded condominiums and villas fetching impressive prices per square meter.
As Phuketโs economy evolves beyond tourism, its real estate sector is reshaping the island into an international community hub.
Source: https://www.c9hotelworks.com/โฆ/new-c9-hotelwork-reportโฆ
