Suay Phuket has compiled a guide of what to look for when buying property in Phuket.
Phuket's pristine natural environment means it attracts no shortage of prospective residents.
However, it can offer different surroundings based on personal preference.
With this in mind, here is a list of the arguably the best places to consider buying property in Phuket.
Cherngtalay/Bang Tao
This upscale part of the island has consistently attracted a fair share of investments due to stunning beaches of Layan and Bangtao and strategic location within 25mn of the airport and the hustle and bustle of Patong. The Laguna complex, concentrates some of the island’s best hotels and resorts and has a track record of successfully marketing its unique luxury setting & characteristics. The area has become increasingly popular during the last few years with the addition of Boat avenue, a large shopping & dining complex catering to the more upmarket locals and tourists. With Central Group’s recent announcement of the opening of a department store, Porto de Phuket for the fourth quarter of 2019, Cherngtalay is the area to invest in for convenience and ROI. Successful projects include Zscape for the affordability and great location of its condos, Cassia, Anchan Villas, Trichada and Botanica.
Gated community villa for sale in Bangtao Beach, Phuket Source: Coldwell Banker Sea Property
2 to 4 Bedroom Villa near the Laguna area Source: Coldwell Banker Sea Property
Kamala
This once tranquil enclosed bay and fishing village has boomed over the last 5 years, with a number of property investment groups constructing condos with gorgeous beach frontage (complete with units with 1- or 2-bedroom floor plans that range from 70 to 400 square meters in size). This worthwhile piece of realty boasts of being mostly a resort mixed with condo life while maintaining international quality standards to entice foreign investors. Some of the most popular real estate projects include Twins Palms Residence Mont Azure, Oceana, City Gate.
Explore properties in Kamala:
VIDEO: The Aquila - Luxury Phuket Villa 'Where eagles rest' Source: Savills
Luxury villa for sale in Samsara Phuket with Patong Bay views Source: Phuket Property Network
Cape Panwa
Cape Panwa is a good option for those seeking a quiet off the beaten track and preserved place to settle. Located South of the island Cape Panwa hosts the beautiful and well preserved Ao Yon beach and features many good dining options all within 15mn from Phuket Town. The 1Bn THB expansion plan of its deep sea port scheduled for completion end of 2019 will include an exciting luxury resort financed by UTL Enterprise Limited, the owner-operator of the ONE°15 Marina at Sentosa Cove in Singapore.
East Coast vs West Coast
The west coast of Phuket remains a key area among buyers and property investors because it has the lion’s share of the island's condominium developments, branded and non-branded villa offerings, standalone villas, five-star resorts, and other high-end properties of interest.
It is said that the prime west coast sites are scarce nowadays due to all the interest and developments within the area, thus, developers have been looking eastward as well as northward of Phuket International Airport (all the way to Phang Nga) in search for new build sites.
Phang Nga's Natai Beach and Phuket's east coast as emerging potential locations for investors that also offer various seaside panoramas and beachfront accessibility.
Pricing
Condominiums with entry level prices range from THB 3.5 million or USD 100,000.
As for the more expensive luxury condos, they can reach a price of up to THB 30 million or USD 870,000.
Phuket realty market can offer you a myriad of condominium types, including units managed by top-ranked hotel brands or those which are managed by international hotel-operators.
Source: CBRE Thailand, Coldwell Banker Phuket
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