By Andrew Batt:
Phuket’s villa market continued to improve this year, according to the latest research published by CBRE Thailand.
A total of 62 villas were sold in the last three months of 2012 compared to the 54 which were transacted during the previous quarter.
Most transactions – 43 in total – were in the entry level segment, classes as priced between THB5 million and THB15 million. Just two villas were sold in the luxury sector – THB35 million and above.
Only one project, Villas Aelita comprising of 9 units, was completed in the quarter, taking the stock of completed villas on the island to 2,789.
In the report, CBRE said: “Overall, we believe that the outlook for the villa market will be positive in 2013. Demand will continue for affordable villas, especially entry-level and mid-range segments. Although, developers slowed down launching new villa projects in 2012, we view that villa developers will come back into Phuket villa market in 2013.”
Andrew Batt, International Group Editor of PropertyGuru, wrote this story. To contact him about this or other stories email andrew@allproperty.com.sg
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