Mr. Nattha Khahapana, Executive Director of Knight Frank Phuket Co., Ltd. expects that villa units priced between 8-15 million baht have a bright outlook. The market continues to show a growing occupancy rate. By the end of Q3 2017, approximately 1,982 out of 2,542 villa units had been sold, representing a sales rate of 78%, with 168 units sold this year. In contrast, villas in Phuket priced over 300 million baht per unit are not performing well, with sales remaining stagnant and only a few units sold. Overall, the average selling price per unit is expected to remain stable or increase slightly, and more resale villas will enter the market.

Source: Knight Frank Thailand

 

          There are approximately 2,542 villa units in Phuket. In the first nine months of 2017, 178 units were added to the Phuket villa market. Most of the new villas added during this period are two-bedroom villas priced between 8-12 million baht per unit, with the majority of new supply located in the central areas of the island, around Bang Tao Beach, Surin Beach, and Kamala Beach.

Knight Frank Thailand

          Villa buyers continue to be foreigners and expatriates working in Asian countries such as Hong Kong, Singapore, and China. Additionally, Australians and New Zealanders are purchasing villas in Phuket as second homes. Buyers from China rank among the top three groups of villa purchasers in Phuket, along with buyers from Hong Kong and Singapore, due to direct flights and relatively short distances. Direct flights from certain cities in China to Phuket province are available, which is another factor that positively impacts the villa market in Phuket.

Thank you for the information from  www.knightfrank.co.th