What type of property are buyers looking for on Phuket? What is the preferred price point? We tracked inquiries made through the Dot Property network of websites between January 2018 and May 2019 to find those answers. Here is a breakdown of some of the most popular spots on the island.
Patong
More than 75 percent of all demand in Patong was for condominium units priced at THB5 million and less. There was a noticeable increase in interest for units priced above THB5 million between July 2018 and September 2018 while remaining fairly steady during the remainder of the 17-month survey period.
Interest for condominium units in Patong is relatively strong throughout the year with demand peaking towards high season (November-January) and tapering off a bit in March and April. May of 2018 was the slowest month of the survey while demand was close to peak levels in May 2019.
As developers in Patong come to terms with the fact demand for properties is no longer dictated by high and low season, it is likely that the peaks and valleys will continue to dissipate.
Kamala
In the housing/villa sector of the market, demand was spread across all price ranges. A total of 33 percent of housing/villa inquiries between January 2018 and May 2019 were for properties priced at THB5-8 million while 30 percent of demand was for residences in the THB8-15 million price range. Another 14 percent were interested in detached homes with a price tag of THB15-30 million.
Rawai
Rawai is located on Phuket’s southern tip and is known for its high-end residences. Demand leans towards the luxury segment with more than 60 percent of all inquiries made via the Dot Property network coming for detached housing/villas priced at THB8 million and above.
Karon and Kata
Karon Beach and Kata Beach are only separated by a couple kilometres and are the second and third most in-demand locations in Phuket. The majority of inquiries in both places were for one-bedroom condominium units, but the price people want varied quite a bit.
The THB3 million and less segment was the most in-demand when it came to Kata Beach, but interest was spread out more evenly. Slightly more than 34 percent of inquiries came for units in the low-end of the market, but there was also strong demand for luxury condominium properties. Almost 19 percent of inquiries made via the Dot Property network were for condominiums priced at THB10 million and above.
Cherng Talay
Nai Harn
Secondly, the bulk of demand came in two price categories: THB5-8 million and THB8-15 million. The former category accounted for 43 percent of all inquiries while the latter price point recorded 33 percent of demand.