Selling Luxury? It’s More Than Just a Listing—It’s a Home, It’s a Lifestyle.

Luxury buyers in Phuket aren’t scrolling property websites looking for their next villa. They operate in exclusive circles, trust referrals, and look for a lifestyle investment rather than just a home. If you want to attract serious high-net-worth buyers, here’s how to position your villa for success.

1. Sell the Lifestyle, Not Just the Home

High-end buyers want more than square footage—they want exclusivity, experience, and prestige. Beachfront or sea view? Sell the experience—sunset cocktails on the terrace, private yacht access. Smart home tech? Show how it elevates luxury living. Rental potential? Investors care about occupancy rates and ROI figures.

2. Presentation is Everything

First impressions matter. If the listing isn’t visually stunning, high-net-worth buyers won’t even look twice. Say NO to low-quality images. Hire a professional for cinematic video tours & drone shots. Stage the villa to enhance its luxury appeal.

3. Use Exclusive Marketing Channels

Luxury buyers don’t browse random listings. They rely on:

• Private real estate networks & luxury concierge services
• VIP investor groups & wealth management firms
• Word-of-mouth referrals & invite-only previews

4. Offer Private Viewings & Bespoke Buying Experiences

Standard open houses don’t work for elite buyers. Instead: Arrange discreet, one-on-one property tours Host exclusive villa showcases with champagne & private chefs Leverage concierge introductions for ultra-private transactions

5. Work With the Right Experts

High-net-worth buyers trust specialist luxury agents with deep networks over traditional realtors. Bottom Line: Selling luxury means selling exclusivity, lifestyle, and investment value. If you want to attract serious buyers, it’s time to rethink your marketing strategy.

Want to position your villa for high-end buyers? Let’s talk strategy.

The post How to Attract High-Net-Worth Buyers to Your Phuket Villa or Home first appeared on Atlas Realty Thailand.

Key Takeaways

• 7,280+ condominium units sold to foreign investors in the first half of 2024, with a notable decline of 6.2% in Q2 compared to the previous year.
• Hotspots: Bangkok, Phuket, Pattaya, Chiang Mai.
• Average prices: 80,000 to 150,000 THB per sqm.
• Strong rental yields: 5-7% annually, with hotspots like Phuket reaching up to 7.05%.
• Foreign ownership cap: 49%, with a proposed increase to 75% under review.

Introduction

Thailand’s condominium market is dynamic. In the first half of 2024, over 7,280 units were sold to international buyers. However, Q2 saw a 6.2% decrease in unit transfers and a 17.7% drop in value compared to the same period in 2023. This trend reflects shifts in market dynamics, influenced by economic factors, tourism recovery, and evolving foreign interest. Key investment cities include Bangkok, Phuket, Pattaya, and Chiang Mai.

Why Foreign Investment in Thailand’s Condominium Market is Booming

Global Appeal of Thailand’s Condominium Market

Thailand offers:

• World-class amenities & tropical beaches
• Affordable living costs
• Strategic Southeast Asian location

In 2024, tourism rebounded significantly, driving demand for residential condominiums.

Favorable Market Conditions for Condominiums in Thailand

• Average price: 80,000 – 150,000 THB/sqm ($2,300 – $4,500)
• Affordable compared to global hotspots like Hong Kong ($20,000+/sqm)
• Stable Thai baht encourages consistent investor interest

Strong Rental Yields and ROI in Thailand’s Condominium Market

• Rental yields: 5-7% annually
• Hotspots like Phuket: Up to 7.05% returns
• Driven by tourism, urban growth, and rental demand

Who Are the Key Foreign Buyers?

• Chinese Buyers: 2,872 units in 2023, valued at 13.203 billion baht
• Russians: Strong interest in Phuket & Pattaya, ranking third in 2024 condominium ownership transfers – set to trump last year’s records
• Myanmar Buyers: Property purchases tripled in 2024 due to political shifts
• Middle Eastern & European Investors: Attracted by luxury living & strong returns

Legal Considerations for Foreign Buyers

• Foreign ownership limit: 49% per condo project
• Proposed change: Increase to 75% to attract more foreign investment (currently under government review)

Investment Hotspots in Thailand

1. Bangkok: High yields, strong appreciation in CBDs
2. Phuket: Luxury condos with high vacation rental demand
3. Pattaya: Vibrant lifestyle with competitive pricing
4. Chiang Mai: Affordable options, popular with expats

The Future of Thailand’s Condominium Market

• Growth forecast: 6-8% annually through 2027
• Focus on luxury, sustainable living, and smart tech
• Infrastructure projects boosting long-term demand

Final Thoughts

Thailand offers a unique blend of lifestyle and investment potential. With rising foreign interest, evolving legal frameworks, and strong rental markets, the country remains a top choice for global investors. Atlas Real Estate Thailand is here to help navigate this dynamic market.

The post Foreign Investment in Thailand’s Condominium Market: Key Trends and Insights. Will 2025 trump 2024? first appeared on Atlas Realty Thailand.

Pricing Your Luxury Villa Right: A Strategic Guide

Selling a luxury property in Phuket isn’t just about listing it with a high price tag and hoping for the best. Overpricing leads to months on the market with zero offers, while underpricing leaves money on the table. Here’s how to strategically price your villa for maximum returns and a smooth sale.

1. Understand the Phuket Luxury Market

The high-end real estate market in Phuket is driven by foreign investors, lifestyle buyers, and rental income seekers. Knowing what these buyers look for is key:

• Location matters: Sea views, beachfront access, and proximity to luxury areas like Kamala, Bang Tao, and Surin significantly impact value.
• Rental potential is king: Many buyers view luxury villas as an investment, meaning ROI plays a major role in pricing.
• Turnkey vs. Fixer-Upper: High-net-worth buyers prefer ready-to-move-in, well-designed properties over renovation projects.

2. How to Set the Right Price (Even Without Sold Data)

Since Phuket lacks a transparent MLS system for sold prices, sellers need to rely on alternative valuation methods: Active Market Listings: Compare with other luxury villas currently on the market. Time on Market Analysis: If similar properties sit for 6+ months, they’re likely overpriced. Off-Market Buyer Feedback: Private pre-listing consultations can reveal real buyer interest before setting a public price.

3. Competitive Pricing vs. Premium Pricing

Competitive Pricing: Attracts more buyers quickly and leads to multiple offers.

• Best for: Sellers who want a faster transaction.

Premium Pricing: Works when the property offers something truly unique.

• Best for: Villas with rare views, exclusive design, or branded residence affiliations.

4. Positioning Your Property for a Profitable Sale

• High-quality presentation matters. Invest in professional photography, cinematic video tours, and drone shots.
• Highlight key features. Showcase lifestyle benefits like sunset views, smart home tech, and exclusive amenities.
• Tap into the right networks. High-net-worth buyers often purchase through private referrals and luxury real estate agents rather than public listings.

5. The Danger of Overpricing

The longer a property sits, the less desirable it looks. Overpricing means fewer inquiries, fewer showings, and ultimately, a forced price reduction. The best luxury properties are priced right from the start to create urgency among buyers.

Final Thoughts: Get Expert Guidance

Pricing a luxury villa isn’t about guesswork—it’s about strategy. Whether you’re looking to sell quickly or maximize profit, a data-driven pricing approach ensures the best outcome.

Thinking of selling? Let’s chat about the right pricing and marketing strategy for your villa.

The post How to Price Your Luxury Property in Phuket for Maximum Returns first appeared on Atlas Realty Thailand.

Thailand is making a major shift in its immigration process! Starting May 1, 2025, the country will introduce a mandatory digital TM6 Thailand immigration form for all foreign travellers. This new system replaces the traditional paper TM6 card, previously required upon entry.

This change is part of Thailand’s broader push toward digitalization, aiming to streamline entry procedures, reduce wait times, and improve security. If you’re planning to visit Thailand after May 2025, here’s everything you need to know to ensure a smooth arrival experience.

What Is the TM6 Thailand Form?

The TM6 Thailand form is an arrival and departure document that foreign travellers must complete when entering and leaving Thailand. Previously, this was a small blue-and-white paper form that travellers filled out by hand. Immigration officers would then collect it upon entry and stamp it for exit.

With the new digital TM6, travellers must submit their details online before arrival, eliminating the need for a physical form.

Who Needs to Complete the Digital TM6 Form?

All foreign visitors—including those travelling under visa exemptions.

Thai nationals are exempt—only foreign travellers must complete this process.

Whether you’re visiting Thailand for tourism, business, or long-term stays, this form will be required at all international entry points, including airports, land borders, and sea ports.

Why Is Thailand Going Digital?

Thailand’s decision to implement a digital TM6 system is driven by several key benefits:

Faster Immigration Processing – With traveller information pre-submitted online, immigration officers can process arrivals more quickly.

Shorter Wait Times – Eliminating manual paperwork helps reduce congestion at airports and border checkpoints.

Better Data Accuracy – Digital submissions minimize errors caused by handwritten forms.

Enhanced Security & Tracking – Authorities can track entries and exits more efficiently, improving national security measures.

This modernization aligns with Thailand’s digital transformation efforts, making the country’s immigration procedures more efficient and tourist-friendly.

How to Fill Out the Digital TM6 Thailand Form

As the launch date approaches, Thailand’s Immigration Bureau will release the official online portal or app for TM6 submissions. While details are still emerging, the process is expected to be as follows:

1⃣ Go to the official TM6 Thailand website or app (to be announced).

2⃣ Enter your passport details, flight information, and accommodation details.

3⃣ Submit the form before arrival and receive a confirmation code.

4⃣ Present the confirmation (QR code or reference number) at immigration when entering Thailand.

Thailand’s government will likely provide clear guidelines on where and how to submit the form, so travellers should stay updated on official announcements.

Will This Speed Up Immigration in Thailand?

The shift to a digital TM6 Thailand form is expected to reduce wait times at immigration counters significantly. Since traveller information is submitted in advance, immigration officers can process entries faster, leading to shorter queues and a smoother experience.

However, the success of the system will depend on:

Traveler Compliance – Visitors must remember to fill out the form before arrival or risk delays at the border.

System Reliability – A user-friendly digital platform with minimal downtime is key.

Initial Rollout Challenges – As with any new system, the first few months may come with adjustments.

If Thailand manages these factors well, this could be one of the biggest improvements in the country’s immigration system in years.

Final Thoughts: What Travelers Should Do Now

With the TM6 Thailand form going digital on May 1, 2025, travellers should:

Stay updated on the official website or announcements from Thai authorities.

Prepare to submit their TM6 online before arrival to avoid any last-minute issues.

Keep digital proof of submission (QR code or reference number) for a smooth immigration process.

This change represents a significant step in Thailand’s efforts to modernize its travel infrastructure. While the transition may come with challenges, the long-term benefits—faster entry, shorter lines, and better security—will make travel to Thailand easier and more efficient than ever.

What do you think about the switch to digital TM6 forms? Will it improve immigration processing? Drop your thoughts in the comments!

#ThailandTravel #TM6Thailand #Immigration #DigitalTransformation #TravelNews

The post Thailand’s Immigration Goes Digital: What Travellers Need to Know About the New TM6 System first appeared on Atlas Realty Thailand.

Owning a car or motorbike in Phuket is all about convenience, freedom, and let’s be honest—style. But what’s the point of driving a sleek ride if it’s technically illegal? Renewing your vehicle tax and registration is a must to avoid fines, keep your insurance valid, and most importantly, stay stress-free on the road. Here’s everything you need to know to keep your wheels road-legal.

Why Vehicle Tax Renewal Matters

Skipping your tax renewal isn’t just a paperwork issue—it can result in fines, invalid insurance, and even having your vehicle impounded. In Phuket, keeping your car or bike up to date is relatively easy if you follow the right steps.

How to Renew Your Vehicle Tax in Phuket

1. Check Your Insurance

Before renewing your tax, you must have valid compulsory motor insurance (Por Ror Bor). If your insurance isn’t current, you won’t be able to renew your tax. Double-check your policy dates and renew if necessary.

2. Get a Vehicle Inspection (If Required)

• If your car is older than 7 years or your motorbike is over 5 years old, a vehicle inspection is mandatory.
• Take your vehicle to an authorized inspection center (look for the blue and yellow gear-shaped logo) for safety and emissions testing.
• Once your vehicle passes, you’ll receive an inspection certificate that allows you to proceed with tax renewal.

3. Pay the Annual Road Tax

You can pay your vehicle tax at the Phuket Department of Land Transport (DLT) office, or, if you want to save time, use the ‘Drive Thru’ tax renewal service, which takes less than two minutes.

4. Receive & Display Your Tax Sticker

Once your tax is paid, you’ll get a new tax sticker. Place it on your windshield or a visible area of your motorbike. This sticker proves your tax is valid and helps you avoid unnecessary stops or fines.

Fast-Track Option: Renew Online

Hate waiting in lines? The DLT e-Service allows you to renew your tax online—just make sure you’ve completed your inspection (if required) and have valid insurance. The tax sticker can be mailed to you, making the process even smoother.

Why Wait? Get It Done Today!

Nothing says confidence like a legally registered ride. Avoid the hassle, skip the fines, and keep cruising without worry. If you need help with the process, feel free to reach out. Because let’s face it—luxury looks better when it’s legal.

#PhuketTaxRenewal #DriveLegal #NoFinesLife #VehicleRegistration #PhuketLiving

The post Luxury Looks Better When It’s Legal: A Guide to Vehicle Tax Renewal in Phuket first appeared on Atlas Realty Thailand.

Phuket is a pretty unique place when it comes to choosing where to live. Whether you are drawn to the energy of urban areas or the calm of more suburban spots, there’s plenty to consider. Here’s a look at some of the pros and cons of each so you can figure out what might suit you best.

Urban Living in Phuket

Pros:

• Convenience at Your Doorstep: Living in Phuket Town, for example, means you’re close to everything – shops, schools, restaurants, and healthcare. This kind of easy access can make everyday life a bit simpler, especially if you like everything nearby.
• Social and Cultural Buzz: The city is where all the action is, from festivals and events to cool coffee shops and bars. If you enjoy meeting new people and diving into local culture, urban areas have more of that.
• Career Opportunities: Cities naturally have more jobs, especially in tourism, retail, and hospitality. Living in the city might mean a shorter commute and more options if you are career-focused. When considering career opportunities, one may consider Bangkok.

Cons:

• Traffic and Crowds: Phuket’s urban areas can get busy, especially during peak tourist season. More cars mean longer commute times and some extra noise. There are plans to build infrastructure to alleviate traffic.
• Higher Living Costs: The convenience of city living usually comes with a price tag. Urban areas in Phuket tend to have higher rents and day-to-day expenses.
• Busy Environment: For those who are looking for something that has a constant buzz of energy, cities can be fun. With a continuous flow of energy and fun things to do, cities can be noisy, and the flurry of activity can be overwhelming for those who prefer peace.

Suburban Living in Phuket

Pros:

• A Calmer Atmosphere: Life moves a bit slower in more suburban areas like Rawai or Nai Harn. These areas are quieter, which can be refreshing if you’re looking for a break from the hustle and bustle.
• Nature All Around: One of the best things about suburban Phuket is the easy access to beaches, parks, and natural spaces. It’s a great choice if you love the outdoors and want space to unwind.
• Affordability: Those who live in suburban areas may offer lower rentals and living costs so that you can save more for doing the things you enjoy.

Cons:

• Fewer Facilities Nearby: Suburban areas don’t always have the same amenities you will find in the city. There may be fewer specialised services, like international schools or top medical centres.
• Limited Transport Options: Getting around is easier with a personal vehicle since public transport options can be limited in suburban areas, which may mean a bit of extra planning and expense.
• Less Job Availability: Job options can be more limited in suburban areas, especially if you’re in a specialised field. You may need to travel to the city for work.

Final Thoughts

Both urban and suburban areas in Phuket have something special to offer. If you love the energy and convenience of city life, Phuket Town or Patong might be a good fit. If a quieter lifestyle near nature sounds more appealing, suburban spots like Nai Harn or Bang Tao could be perfect. In the end, it’s all about what fits your lifestyle best.

If you’re thinking about making Phuket your home, explore the range of options available with Atlas Realty Phuket Atlasamg.com From bustling urban condos to serene suburban villas, we have properties to match every lifestyle. Start your journey towards finding the perfect Phuket property that meets your needs and preferences. Happy house hunting with Atlas Realty Phuket!

The post Phuket Living: Is the City Buzz or Suburban Calm Right for You? first appeared on Atlas Realty Thailand.

Make It Yours: 7 Rental-Friendly Upgrades That Add Style Without the Commitment

A rental may not feel like home at first, but that does not mean it can’t after a few upgrades that won’t upset your landlord and result in losing your deposit. With the right changes, your rental can make you feel at home.  

We have a list of seven recommended upgrades to help you get started.

1. Refresh with Sleek Hardware
   Small changes, like cabinet handles and drawer pulls, can transform a room. Choose hardware in contemporary shapes and finishes (like matte black or brushed brass) to add a fresh, modern touch. It’s a simple swap you can make and reverse quickly if needed, giving kitchens and bathrooms an instant lift.
2. Add Character with Open Shelving
   We have found open shelves placed against the wall or used as room dividers are a stylish way to store personal items without the need for bulky furniture like tables or cupboards to store in.
3. Install Smart Lighting
   Smart bulbs are energy efficient, and the lighting can be adjusted with the use of an app which allows you to change the lighting to fit the mood of the room.
4. Create a Patio Garden
   Where rentals have balconies or patios, you may consider investing in a few pots that are easy to care for with plants like succulents or ferns. The greenery of plants brightens up the space and is associated with well-being. Another creative idea for those who love plants is to use window boxes or railing planters for outdoor patios and balconies needing a splash of colour.
5. Use Mirrors to Expand Space
   Adding mirrors is a great way to make a room feel open and spacious. Mirrors in the right place can bring more light into a room. Placing a combination of a large and several small mirrors along a wall adds a decorative effect while being functional. They are easy to take down when you move out.
6. Experiment with a New Wall Colour
   Painting one wall in a room a different colour, like charcoal or a deep grey, creates a feeling that the room is spacious while adding character and warmth. We recommend dark, neutral colours for a refined look, and painting a single wall minimises cost and effort.
7. Try Peethat’sStick Wallpaper
   Adding wallpaper is another way to make a space feel more like home. Look for wallpaper with elegant textures or bold patterns to add your personality to the house. Wallpaper can be used in kitchens, bathrooms or bedrooms; when it comes time to move, you simply peel it off.

Getting Landlord Approval is a Must.
When approaching your landlord with any changes, highlight how the updates will add value to the property in the long term and how stylish, well-thought-out changes can appeal to future tenants.

Which upgrade will you try first? Make your rental feel like home with stylish changes that work for everyone.

The post Make It Yours: 7 Rental-Friendly Upgrades That Add Style Without the Commitment first appeared on Atlas Realty Thailand.

Overview

Phuket, renowned for its stunning beaches and vibrant nightlife, continues to attract tourists from around the globe. Over the past year, the resurgence of tourism has significantly impacted the real estate market, influencing property prices and trends. As we move into the middle of 2024, understanding these dynamics is crucial for local residents, international investors, and potential homebuyers.

Tourism and Property Prices

Tourism plays a pivotal role in driving the real estate market in Phuket. The past year has seen a strong recovery in tourist arrivals post-pandemic, leading to a direct correlation with rising real estate prices across the island.

Key Trends:

1. Increased Demand for Short-term Rentals: With the surge in tourists, there’s been a notable increase in demand for short-term rental properties, particularly in popular areas like Patong, Kata, and Kamala. Property owners have capitalised on this trend, resulting in higher rental yields and property values. Over the past year, short-term rental rates have increased by approximately 10-15%​.
2. Luxury Market Growth: The luxury villa market has experienced significant growth. High-net-worth individuals and investors are drawn to Phuket’s exclusive properties, driving up prices in the luxury segment. Areas like Surin and Bang Tao have seen a spike in luxury property investments, with price increases of around 8-12% over the past year​.
3. Foreign Investment: Foreign investors continue to view Phuket as a lucrative investment destination. The attractive returns on investment and the island’s appeal as a holiday destination have led to increased foreign capital inflow, further boosting property prices. Foreign investments have contributed to a 7-10% increase in property prices in various areas of Phuket​​.
4. Seasonal Fluctuations: The real estate market in Phuket is influenced by seasonal tourist patterns. Peak tourist seasons, typically from November to April, see a rise in property prices and rental rates. During these months, property prices can increase by 5-7%, while the off-peak season witnesses a slight dip, offering opportunities for savvy investors​.
   

Future Outlook

As tourism in Phuket continues to thrive, the real estate market is expected to remain robust. Upcoming infrastructure projects and government initiatives aimed at promoting tourism will likely sustain this growth trend. For local residents, international investors, and potential homebuyers, Phuket offers a dynamic and promising real estate market.

Conclusion

The symbiotic relationship between tourism and real estate in Phuket is evident. Over the past year, the resurgence of tourism has significantly influenced property prices, creating opportunities and challenges for different stakeholders. As we look forward to 2024, whether you are looking to invest, buy a home, or simply understand the market dynamics, staying informed about these trends is crucial.

Read more: Phuket Real Estate Investment

The post How Tourism Impacts Real Estate Prices in Phuket: Key Insights for 2024 first appeared on Atlas Realty Thailand.

As Phuket continues to evolve as a prime destination for real estate investment, several areas are emerging as hotspots. These regions are gaining attention due to their scenic beauty, growing infrastructure, and investment potential. Here’s a detailed look at the emerging hotspots in Phuket for 2024.

Cherng Talay: A Blend of Beauty and Convenience

Cherng Talay is rapidly becoming a favoured location for real estate investment. Known for its stunning beaches, rich vegetation, and thriving community, Cherng Talay offers a unique blend of natural beauty and modern amenities.

Key Features:

• Natural Beauty: Proximity to Bang Tao Beach, one of the most beautiful beaches in Phuket.
• Community Living: The area is home to luxury villas and condominiums that cater to affluent buyers looking for both luxury and a sense of community.
• Amenities: Convenient access to shopping centres, international schools, and a variety of restaurants enhances its appeal.

Investment Potential:

• Growth: Rapid development is leading to increasing property values.
• Lifestyle: Ideal for families and retirees seeking a serene yet connected living environment.

Layan: Exclusive and Tranquil

Layan, located on Phuket’s northwest coast, offers a picturesque and tranquil environment. With its pristine beaches and lush landscapes, Layan has become a sought-after haven for real estate investors and families.

Key Features:

• Natural Beauty: Secluded beaches and verdant landscapes make Layan a beautiful and peaceful location.
• High-End Development: The area boasts luxury villas and high-end residential projects, appealing to buyers seeking exclusivity and privacy.

Investment Potential:

• Exclusive Living: Attracts buyers looking for private and luxurious living spaces.
• Development: Ongoing development activities are enhancing its attractiveness and property values.

Nai Yang and Nai Thon: Peaceful Retreats

Nai Yang and Nai Thon offer peaceful, scenic environments away from the main tourist hubs. These areas are becoming popular among those looking for a quieter, more relaxed lifestyle.

Key Features:

• Pristine Beaches: Known for their clean, uncrowded beaches, ideal for relaxation.
• Relaxed Vibe: Perfect for those seeking a more laid-back lifestyle away from the hustle and bustle.

Investment Potential:

• Tranquil Retreats: Suitable for buyers wanting a peaceful retreat or vacation home.
• Growing Popularity: Increasingly popular among expatriates and retirees, leading to rising property demand.

Thalang: Strategic and Accessible

Thalang, situated in the northern region of Phuket, is gaining attention due to its strategic location and excellent amenities. Key locations in Thalang include Phuket International Airport, UWC Thailand, and Thanyapura.

Key Features:

• Accessibility: Proximity to the airport makes it convenient for international buyers and frequent travellers.
• Amenities: Home to golf courses, international schools, and national parks, providing a high quality of life.

Investment Potential:

• Luxury Villas: Development of luxury pool villas presents lucrative investment opportunities.
• Strategic Location: Its strategic location makes it attractive for both residential and commercial investments.

Conclusion

Phuket’s emerging hotspots in 2024 offer diverse opportunities for real estate investors and buyers. Whether you are looking for luxury and community living in Cherng Talay, exclusive tranquility in Layan, peaceful retreats in Nai Yang and Nai Thon, or strategic accessibility in Thalang, these areas provide promising investment potential. Staying informed about these hotspots and understanding their unique attributes can help you make well-informed decisions and maximise your returns in Phuket’s dynamic real estate market.

Get in Touch with Atlas Realty Phuket

Are you ready to explore the exciting real estate opportunities in these emerging hotspots? Atlas Realty Phuket is here to help you find the perfect property that meets your needs and investment goals. Our experienced agents provide personalised service and expert guidance to ensure a smooth and successful real estate experience.

Contact us today: https://atlasamg.com/contact/

Let Atlas Realty Phuket be your trusted partner in navigating Phuket’s vibrant real estate market.

The post Emerging Hotspots in Phuket’s Real Estate Market for 2024 first appeared on Atlas Realty Thailand.

Welcome to our latest round-up, bringing you the freshest and most exciting updates from Phuket’s real estate market. This week has been notably active, with significant trends and projects emerging that are set to shape the future of this idyllic locale. Let’s explore the key developments.

High Demand for Luxury Properties: Phuket continues to draw a growing number of international buyers, particularly from Hong Kong and Singapore, who are attracted by the island’s unique blend of comfort and exclusivity. This week, we’ve observed a marked increase in the demand for luxury villas and high-end condos. Properties in Kamala, Surin, and Bang Tao are especially sought after, thanks to their stunning locations and top-tier amenities.

Key Highlights:

• Notable rise in interest from buyers in Hong Kong and Singapore.
• Significant investments in luxury properties in Kamala, Surin, and Bang Tao.
• Features like private pools, beachfront access, and personalised concierge services are driving demand.

Sustainable and Eco-Friendly Developments: With global awareness around sustainability growing, Phuket is also seeing a shift towards eco-friendly real estate. Several new projects have been launched that focus on environmental responsibility and sustainable living. It’s encouraging to see developers prioritising green building standards and eco-friendly practices.

Key Highlights:

• Launch of ‘Eco Paradise Residences’ featuring solar panels, rainwater harvesting, and green roofs.
• Increase in the number of projects seeking LEED certification.
• Rising demand among buyers for sustainable living options.

Rising Property Prices: Property prices in prime locations across Phuket have been on the rise, driven by limited land availability, growing demand, and significant infrastructural developments. This week, we’ve seen a noticeable increase in the average price per square metre in areas such as Patong, Kata, and Nai Harn.

Key Highlights:

• A 5% rise in average property prices in Patong compared to the previous quarter.
• A 3% increase in Kata and Nai Harn.
• Projections suggest a steady upward trend in property values over the coming months.

Eastern European Influence: An intriguing trend we’ve been observing is the growing influence of Eastern European buyers in Phuket. Investors from Russia, Ukraine, and Kazakhstan are increasingly making their mark on the island’s real estate market, attracted by the luxurious lifestyle, favourable climate, and investment potential.

Key Highlights:

• High interest in properties in Bang Tao, Surin, and Kamala.
• Demand for properties offering privacy, security, and proximity to international schools and amenities.
• Developers are tailoring projects to meet the preferences of Eastern European clients, with features like larger living spaces and bespoke interiors.

Exciting New Projects: This week has also seen the announcement of some exciting new projects set to add significant value to Phuket’s real estate market. These developments are poised to redefine luxury living and attract high-net-worth individuals from around the globe.

Key Highlights:

• Grand Marina Phuket offering luxury residences with direct marina access.
• Serenity Hills, an exclusive villa project in Kamala with panoramic sea views and bespoke interiors.
• Expansion of the Laguna Phuket integrated resort, adding new residential units and recreational facilities.

Conclusion: Phuket’s real estate market is buzzing with activity, driven by a robust demand for luxury properties, a growing emphasis on sustainability, rising property prices, and significant interest from Eastern European investors. These developments not only enhance Phuket’s appeal as a premier real estate destination but also present lucrative investment opportunities. Stay tuned as we continue to bring you the latest insights from Phuket’s vibrant real estate market.

Call to Action: Explore our detailed property listings and discover your dream home in Phuket. Contact us for personalised assistance and take the first step towards owning a piece of paradise.

The post Exciting Developments in Phuket’s Real Estate Market first appeared on Atlas Realty Thailand.