Whilst villas are the most desired Phuket real estate in Thailand, their higher cost puts them out of reach for many buyers. Phuket condominiums and apartments are a great alternative and offer many of the same desirable amenities.
A Phuket condo or apartment is definitely an upmarket and desirable home for Thailand property purchasers. Prices vary dramatically, from 5 million baht for 44—60 square metre, one-bedroom Phuket apartments to 30 million baht for a higher end condominium. Phuket condos and apartments typically offer upscale amenities such as swimming pools and recreation and fitness centres. Shared maintenance costs also make purchasing Thailand condos and apartments attractive for the occasional Phuket visitor who does not live year round in Thailand.
Prime locations for condos in Phuket include southern coastal hotspots such as Patong, Karon and Kata; and East-western coastal areas such as Layan, Bang Tao, Surin and Chalong.
Buying Phuket Apartments and Condominiums
Be prepared to do your research and make sure that the condo or apartment will be properly maintained and managed. Buying Phuket real estate is always easier if you work with a reputable Thailand sales company who can offer advice about developers and their properties for sale. Whether you invest in Phuket land or buy a villa, apartment, condo or bungalow, you will be better served by doing some careful research first.
Since only Thai nationals have the right to own Phuket land, foreigners are limited to buying condos and apartments in buildings that are at least 51 per cent Thai owned. Some companies use complex company structures or long term land leases to overcome this, but condos present a much safer option.
Off plan developments