It is now high season in Phuket and several new property developments are drawing interest to the island’s real estate scene during this busy time, according to media reports. While the type and origin of buyers does vary, experts are not surprised about the uptick in interest.
“All in all, there seems to be a lot of interest and activity in the development and investment market of Phuket which really should not come as any surprise. After all, it is one of the world’s top destinations and also has one of the region’s most well-connected airports, making it easy to get to from just about anywhere,” says Dexter Norville, Director at JLL, to the Bangkok Post.
One project that stands out is Montezure in Phuket’s Kamala Beach area. The large development has several components including the Twin Palms condo development, luxury hillside villas, and a retirement home along with an Intercontinental Hotel and Cafe Del Mar.
Twin Sands, which is expected to be finished next year, is another development that is garnering a lot of interest. It is located in Tri Trang close to the Rosewood Hotel. The project’s newest phase will have 89 apartments as well as several amenities for residents to use.
Bluepoint, also located in Tri Trang, is a little further away from the beach, but still popular. The project was sold to new owners who have taken over the development of the project and will begin transferring units shortly. However, the change in ownership is one of the things potential buyers should look out for.
“A few words of advice to any potential investor would be to seek advice from a quality service provider to ensure that you make the right purchase decision. You should also check that the property is going to be well managed as, after all, this should be a key point in any real estate investment situation as your investment needs to be looked after,” says Norville.