Property Developments Boom in Phuket

Property Boom in Phuket Thailand

It should come as no spurise that there are more than 30 property developments currently taking place or waiting for approval in Phuket alone. These range from hotels to apartments and luxury villas.

Buying in Phuket in years to come would come at a very high premium as the costs are always rising with the availability of land becoming an issue. There are currently about 37 projects in the pipeline for this year alone. Who said that Phuket would go as flat as Spain?

 

 

Here is a quick view of property developments in the pipeline in Phuket today:

  • Surin Estate Condominiums (157 rooms) at Surin beach.
  • The Lofts Resort at Laguna Phuket (95 rooms)
  • Miracle Lake View (39 plots) at Chaofa Road West
  • Supalai View (184 plots) Pa Klok, Thalang
  • Dala Resort (202 rooms) Bang Tao beach
  • Spectrum (44 rooms) at Cherng Thalay
  • Mai Khao Dream Resort and Spa (22 villas) at Mai Khao
  • Chalong Interview Condominium (72 rooms) at Rawai
  • Baan Prapatsorn (76 plots) at Thalad Yai, Phuket City
  • Four-storey building (27 rooms) at Kathu
  • Litte Mermaid (40 rooms) at Karon
  • Jhomtong (22 rooms) at Wichit, Phuket City
  • Rompattana (21 rooms) at Wichit, Phuket City
  • Three-storey building (38 rooms) at Rassada
  • Juntamas Hotel (56 rooms) in Phuket City
  • The Cape Estates (17 houses) at Patong
  • Sun Peung Condo (64 rooms) at Patong
  • Romsowan Apartments (26 rooms) at Patong
  • Vises Hotel (79 rooms) at Patong
  • Neptuna Hotel (79 rooms) at Patong
  • Four-storey building (16 rooms) at Phuket City
  • Thawasin Place (79 rooms) at Rassada
  • Prompan Condotel (78 rooms) at Rassada
  • Prateep Project (69 rooms) at Kathu
  • Three-storey building (19 rooms) at Kathu
  • Sai Tong-Na Yai (30 plots) at Chalong
  • Kata Rocks (30 rooms) at Karon
  • Silver Palm Rawai project (51 rooms) at Rawai
  • Patcha Resort and Hotel ( 61 rooms) at Kamala
  • Kata Rocks (30 rooms) at Karon

From the listed projects it is clear that most of them are very large developmental projects. The question reamins only how high property prices in Phuket will go at the current rate of increase.

 

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