No province has a real estate market as vibrant as ‘Phuket’, especially in 2024. In just the first half of the year, new projects worth 72.3 billion baht have been launched, with the condominium market in Phuket expanding by 10-15%, primarily in tourist areas.

However, within this Red Ocean, there are still Hidden Gem locations. These areas are well-equipped with amenities but lack the supply to meet the demand from buyers looking for actual residences. One such area is ‘Thalang’, and the new project that will fill this gap is Arise Vibe (Phuket-Thalang), a new condominium from Orsirin, an experienced developer from Chiang Mai.

What Each Zone in Phuket Is Like

The urban characteristics of Phuket are mostly located near key junctions between main roads (Highway 402) and secondary roads leading to tourist zones, with about six major intersections across the island. Therefore, locations near these important intersections are all high-potential areas due to their convenient access.

When dividing Phuket into districts, we have Thalang District, Kathu District, and Phuket Town District. Each zone has distinct characteristics, including urban communities, tourist zones, and mixed areas of urban communities and tourist attractions, each with different resident demographics.

TerraBKK surveyed residential projects for sale across Phuket and categorized them by price level. It was found that popular tourist areas, such as beachfront locations, have higher price levels than urban community areas.

  • Thalang District is a mixed area of urban community and tourist attractions, featuring both seaside zones with popular beaches and urban residential and commercial areas. This diversity leads to a variety of housing options, with most projects for sale being villas priced between 10-100 million baht and condominiums priced between 2-10 million baht.
  • Kathu District can be divided into two sub-zones: seaside and urban. The seaside area includes major tourist attractions like Kamala Beach and Patong Beach, with housing prices higher than in other zones. Villa projects can reach prices of 10-200 million baht, while condominiums range from 5-50 million baht. The urban area of Kathu has villas priced between 15-20 million baht and condominiums from 2-8 million baht.
  • Phuket Town District is an urban community that has traditionally been a residential area and is expanding southward. It is well-equipped with lifestyle amenities, job opportunities, and facilities, with housing prices across all levels. Villa projects range from 2-100 million baht, and condominiums from 2-10 million baht.

Exploring the ‘Thalang’ Location: The Heart of Phuket

Although ‘Thalang’ refers to a district encompassing five sub-districts, the central area of ‘Thalang’ is located in the sub-district of Si Sunthon, near the monument of Thao Thep Krasattri and Thao Si Sunthon. This area connects three important zones: Phuket Town, Bang Tao Beach, Kamala Beach, and Phuket International Airport, making it centrally located on the island.

Thalang is a mixed area of urban community and premium tourist zones, particularly Bang Tao Beach, which features Laguna Phuket, a vast resort and golf course spanning over 2,350 rai, with housing prices reaching 10-70 million baht. Additionally, Royal Phuket Marina, a yacht marina and mixed-use area covering over 200 rai, has housing prices up to 10-60 million baht. Both locations are premium spots attracting international residents, especially from Europe, due to their tranquility and proximity to Phuket International Airport.

Demand in ‘Thalang’ Exceeds Expectations

Arise Vibe (Phuket-Thalang) is a new condominium project located at the center of Thalang, not far from the Thao Thep Krasattri and Thao Si Sunthon monument. This area has few new condominium projects, contrasting with the location's potential, which is not only in a highly urbanized zone with convenient access but also surrounded by Premium Zones that are job sources for diverse demand.

  • Laguna Phuket - A vast resort area of over 2,350 rai (1,000 acres) offering luxury services and amenities, including a golf course, international school, spa, hotels, resorts, condominiums, and villas such as Banyan Tree, Dusit Thani, CASSIA, GARRYA, SAii, and HOMM. This area has demand from over 4,000 employees and personnel working there.
  • Royal Phuket Marina - A large yacht marina developing into a new lifestyle destination in Phuket on over 200 rai, including hotel and condominium developments, expanded docking areas, and a Kids Club, with a total investment of 5 billion baht, attracting new demand to the area.
  • Phuket International Airport - From Thalang, it takes only 30-40 minutes to reach Phuket International Airport, which is very convenient compared to other zones that require over 60 minutes. This accessibility can attract foreign buyers looking for short-stay, long-stay, or investment opportunities in the future.

The Future of the Thalang Area

In addition to the existing potential, the Thalang area will see new projects in the future, including infrastructure from the government and private investments, which will elevate the upper Phuket area or Thalang to become a Wellness & Lifestyle Destination in the future.

  • Bangkok Hospital Phuket: A boutique hospital with 150 beds and advanced diagnostic centers on 16.55 rai near Phuket International Airport, offering comprehensive services including health check-ups, health promotion, anti-aging medicine, family medicine, cardiology, orthopedics, and more, with a budget of 4.3 billion baht.
  • Light Rail Transit (TRAM): The first phase of the TRAM public transport system connecting Phuket International Airport to Chalong Intersection, with 24 stations over 58.5 kilometers, with a total investment of 3.3 billion baht, expected to start construction in 2026.
  • New Road: New Town - Koh Kaew: A new road stretching 22.4 kilometers with a construction budget of 22.718 billion baht, starting from Highway 4026 connecting to the Kathu-Patong expressway, expected to be completed in 2026.
  • Siam Premium Outlet: The second Siam Premium Outlet in Thailand, aimed at becoming a destination for shopping, dining, entertainment, and mixed-use with over 300 leading brands, expected to open in 2026.
  • Entertainment Complex Phuket: An investment plan under Thailand's Soft Power policy to attract purchasing power and foreign tourists, targeting initial development areas on Koh Lon, Phuket, with a development area of 1,000-2,000 rai.

Overview of Condominium Prices in Each Zone of Phuket

Phuket is one of Thailand's main tourist destinations, attracting many foreigners and tourists, leading to a consistent increase in housing demand. The condominium market in Phuket shows a continuous growth trend, especially among buyers looking to invest for rental purposes, both short-term and long-term. Terra BKK surveyed the mass condominium market in Phuket, which can be divided into three main zones:

1. Central Zone: This zone continuously launches condominium projects due to its comprehensive amenities, proximity to large shopping centers, hospitals, restaurants, and other lifestyle sources. Condominium prices start at 71,000 - 93,000 baht per square meter, averaging around 90,000 baht per square meter. Prices depend on the level of luxury and amenities within the project. The main customer group in this zone is buyers looking for residences rather than investments, as the primary buyers are those wanting to live in the area and seeking housing near urban job sources.

2. Kathu Zone: This area connects Phuket Town and Patong Beach, making it convenient to travel to the city and tourist attractions like Patong Beach. Currently, only two condominium projects are available for sale in Kathu, with prices more accessible than in the central zone, starting at 67,000 - 80,000 baht per square meter, averaging around 75,000 baht per square meter. The customer base includes both Thai and foreign buyers looking to invest for rental purposes, especially those wanting to rent short-term to tourists visiting Patong.

3. Thalang Zone (near the Thao Thep Krasattri monument): This area is close to the main road, Thepkrasattri Road, allowing easy access to the city and the airport, as well as easy connections to major tourist attractions like Bang Tao. Within this area, there are shopping centers like Robinson Lifestyle, Tesco Lotus, and various restaurants. This zone is in demand from both Thai and foreign buyers, whether for investment, personal residence, or vacation homes. There is currently only one condominium project in this area, with prices starting at 69,000 baht per square meter. Over 90% of the supply in this zone has already been sold, making condominiums increasingly hard to find. However, a new project, Arise Vibe (Phuket-Thalang), is set to launch, featuring a 7-story low-rise condominium located on Si Sunthon Road, just 800 meters from Robinson Thalang, with prices starting at 2 million baht.

Investment Potential of Condominiums in Each Zone of Phuket

The rental returns from condominiums in each zone do not differ significantly. The Central Zone generates rental yields averaging 4.9% - 7.4% per year, with studio apartments renting for 10,000-18,000 baht per month, 1-bedroom units renting for 14,000-29,000 baht per month, and 2-bedroom units renting for 30,000-60,000 baht per month.

Kathu Zone has studio apartments renting for 10,000-14,000 baht per month, 1-bedroom units renting for 12,000-16,000 baht per month, and 2-bedroom units renting for 24,000-26,000 baht per month, with average rental yields of 4.6% - 7% per year.

In the Thalang Zone, where there are currently no condominium rental supplies, the market consists of apartments and serviced apartments, with studio units renting for 9,000-13,000 baht per month, 1-bedroom units renting for 10,000-18,000 baht per month, and 2-bedroom units renting for 20,000-25,000 baht per month. Given the limited supply of rental condominiums in this area but high rental demand, it presents a great investment opportunity due to low competition. The chances of tenants renting condominiums are higher, allowing investors to increase rental prices according to market demand, leading to potentially higher rental returns in the long term.

Arise Vibe (Phuket-Thalang): A New Condominium in the Heart of Phuket

Arise Vibe (Phuket-Thalang) is the first condominium project from Orsirin in the Thalang-Phuket area, designed to meet the demands of the new generation, working-age individuals, and foreigners in the Thalang zone, which currently lacks mass supply. Under the concept of ‘Rise Your Own Vibe - Live Comfortably, Be Yourself’, it caters to the lifestyle of residents in Phuket, who often enjoy outgoing activities and nature, while also seeking a private space for relaxation.

Arise Vibe (Phuket-Thalang) is a low-rise condominium with 7 floors and one basement parking level, comprising 411 units designed to provide residents with comfort and safety in their private spaces while allowing them to express themselves in every square meter of the largest and most complete common area in Thalang, based on four design principles:

- Modern & Creative Living - The design focuses on flexible functions and layouts that cater to all ages, from young professionals to families. Residential units range from Studio to 2 Bedrooms, sized between 28.85 - 91.62 square meters.

- Inspiring & Empowering - Offers freedom and variety to residents with a large common area across three floors, featuring more activities than other projects.

- Vibrant Community - Implements security systems within the project and plans to develop a community mall (future project) to enhance convenience for residents and create a quality living community.

- Exceptional Service - The common areas are flexible and accessible from all buildings, exceeding expectations with parking provided for up to 50% of units, along with EV chargers.

Arise Vibe (Phuket-Thalang): The Only Condominium Offering 3 Floors of Common Areas

Arise Vibe (Phuket-Thalang) understands the living needs of Phuket residents, who often enjoy new experiences and activities, requiring safety and convenience in their living environment. Thus, the common areas are developed to meet both active and passive needs comprehensively within a large 3-story clubhouse, divided into five zones:

  • Active Oasis: An outdoor zone catering to active activities, including a swimming pool, chill pool, kids' pool, steam room, sauna, jacuzzi, and sunken seating for relaxation, surrounded by green spaces with a jogging track around the project.
  • Harmony Hub: A passive activity zone within the large 3-story clubhouse, featuring a lobby, reception, private corners, library room, meeting rooms, co-working area, and living lounge.
  • Social Club & Sport Hub: A space for private dining and a kids' room for residents, along with an indoor active exercise area equipped with fitness equipment, pool views, a yoga studio, boxing gym, and rock climbing all in one zone.
  • Others: Additional amenities and security features in the project include smart lockers, basement parking, EV chargers, motorcycle parking, and plans for a community mall at the front of the project to enhance residents' diverse and convenient lifestyles.

Understanding the Room Functions of Arise Vibe (Phuket-Thalang) Designed with Residents in Mind

The room layouts of Arise Vibe (Phuket-Thalang) are designed with the needs and comfort of residents in mind, with sizes ranging from 25.85 to 91.62 square meters.

Highlights of the STUDIO room (25.85-26.29 square meters): Clearly defined functions with separate zones, featuring a closed kitchen attached to the balcony for good ventilation, allowing cooking without worrying about odors. The bedroom is separated by sliding glass doors.

Highlights of the 1 BEDROOM room (31.55-34.59 square meters): Focuses on usable space, with a large living area comfortably accommodating a sofa and dining table. The bedroom area is spacious enough for a large bed, with a window area suitable for a work/study desk or a small seating area.

Highlights of the 1 BEDROOM PLUS room (38.81-42.90 square meters): Clearly defined areas with separate zones for living room, dining, and bedroom. The open kitchen at the front is spacious, allowing for comfortable cooking. The multifunctional room can be adapted for various uses, such as an office/study or a gym.

Highlights of the 2 BEDROOM room (58.38-73.03 square meters): A wide front room design allows natural light to fill every area and offers views of the outside. Both bedrooms are spacious enough for king-size beds, with a living area designed in an open plan connecting the relaxation and dining areas. The L-shaped open kitchen comes with a dining table for four, and the bathroom has two entrances for guest convenience.

Highlights of the 2 BEDROOM PLUS room (77.56-91.62 square meters): A wide front layout with clearly defined areas, allowing natural light to reach all parts of the room. The spacious living area connects to a large balcony, and the multifunctional room is large enough to adapt for various uses, such as an office, reading room, or even a small bedroom.

Experience a comfortable lifestyle where you can truly be yourself at Arise Vibe (Phuket-Thalang), located in a prime area in the heart of Phuket, with prices starting at 2 million baht. Register for more information at https://ornsirin.co.th/property-item/arise-vibe/?utm_source=Review&utm_medium=KOL&utm_campaign=TerraBKK.