Buying a condominium in Phuket

Pristine white beaches, ice-cold drinks, islands, and lush tropical jungle. You've truly earned this holiday in Phuket and are enjoying it to the fullest.

Fresh seafood, unique cuisine, massages, shopping, and timeless culture. You've experienced life in Phuket… and you want more.

As you swim in the warm water and stroll through the streets of Phuket Town, you ask yourself: “Could I enjoy this lifestyle for years to come? Could I make it a reality? Could I buy a property in Phuket?”

Yes, that's possible. In fact, buying a condominium in Phuket has never been easier.

The Kingdom of Thailand exerts a magical attraction. Many come for a week and end up staying for a lifetime. It's intoxicating and never fails to captivate you.

How Covid-19 has changed our view of travel

Travel changed in 2020. Covid-19 made it almost impossible to leave home, let alone travel abroad. Many people felt trapped and longed for a chance to escape their daily routine.

A sense of normality is returning, but it's still difficult to simply "get away" for a week. Travel requires some planning, and longer vacations are becoming increasingly common.

A shift in mentality is taking place. For those who need more time to enjoy the places they love, owning their own piece of Thailand is a worthwhile consideration.

It is possible to create this reality. And we'll show you how.

The real estate market of 2022

As Covid-19 disrupted international travel and tourism, many potential investors hesitated to make final decisions due to the uncertainty. This led to a market downturn and a glut of real estate.

Although real estate markets slowed down during the period 2020-21, the beginning of 2022 offers new momentum for all those who wish to invest in real estate and lifestyle.

Since 2018, over 60 new construction projects have been completed in popular areas of Phuket or are scheduled for completion in 2022/23.

Below, we will take a closer look at some of the most popular construction projects for different budgets and show what they have to offer.

Why do people invest in Phuket?

Location

You hear this saying all the time in the real estate industry. But it's true in Phuket.

Phuket has long been a popular tourist destination, known for its culture, nightlife, beaches, islands, shopping and nature.

For anyone wanting to escape the cold winter months, it is a tropical paradise that immerses you in a history and culture you won't find at home.

As a real estate investor, you are spoiled for choice when it comes to your lifestyle. You can relax on the beach, lose yourself in a lush forest, or enjoy a relaxed city life with the charm of an old town.

tourism

Come for a day. Stay for a lifetime. Phuket has a world-class international airport and is accessible from almost anywhere in the world.

The cost of living is minimal compared to many Western holiday destinations, and the rich, multifaceted culture is based on a centuries-old history.

For many, Thailand is so far outside their previous world of experience that once they have gotten a taste of "Thailand", they can't get enough of it.

These are some of the reasons why people choose to buy a property in this tourist-oriented environment.

For people who want to settle down and live their dream, Phuket is the perfect destination to live well for a fraction of the cost.

For those who long for a short break, owning a condominium offers not only accommodation but also passive income through short- and long-term holiday rentals.

Infrastructure innovation

Geographically, Phuket is a mix of sea, islands, and mountains. Part of its appeal lies in driving along winding mountain roads to reach remote locations. Some find this exciting, others rather frustrating.

With 5 million tourists flocking to Phuket every year, traffic conditions, especially during peak season, can be challenging.

Phuket is investing in improving its infrastructure and has launched several new initiatives to bring public transport into the 21st century.

Chalong Circular Tunnel

Chalong has completed a 300-meter-long, two-lane tunnel with a roundabout, costing 800 million baht. The project aims to reduce traffic congestion and improve accessibility throughout the area. The tunnel runs between Chao Fa West and Mueang Phuket School.

Kathu–Patong Tunnel

The winding road from Kathu to Patong is an adventure, especially during the monsoon season.

This 6 million baht tunnel project has been in the planning stages for several years. Ecological and practical considerations have led to several changes in the concept.

The final construction project will include separate tunnels for traffic to and from Patong and Kathu. The tunnels will have separate lanes for cars and a dedicated lane for motorcycles.

Phuket Light Rail

A planned light rail system will span the Ao Phang Nga (Phang Nga Bay) from Ta Nun, connecting Phuket to the mainland. Once in Phuket, the line will run towards HKT (Phuket Airport) and then south through Phuket Town to Saphan Hin, passing Chao Fa East Road, before completing its loop in Chalong.

The light rail system is scheduled to go into operation in 2023.

The improved infrastructure is good news for anyone planning a longer stay in Phuket, as traveling by public transport can sometimes be frustrating.

Infrastructure improvements should be considered when evaluating potential purchases. Will new projects increase the value of your property, or will your once secluded condominium now be located next to a tunnel entrance?

Types of real estate ownership

Before we look at the properties available to foreigners, we should examine the property rights that foreigners may have.

Freehold – Foreigners can purchase a freehold property in Thailand in their own name; the Thai Land Registry issues a title deed similar to a condominium title, and freehold properties can be used as security in Thailand.

Condominiums offer unrestricted ownership rights (or leasehold rights) and are therefore the easiest and most popular way for foreigners to invest in Thai real estate.

Lease – A foreigner can own or lease a building (real estate), but the land itself remains the property of a Thai citizen or a Thai limited liability company. The lease agreement runs for up to 30 years and can be extended for up to 90 years.

During the term of the lease agreement, the landowner is responsible for the maintenance of the buildings and the property.

The lease agreement is registered with the Thai Land Registry, and if the property is sold during the term, the new landowner takes over the lease agreement.

Thai Limited Company – Land and buildings can be acquired through a Thai Limited Company.

A foreigner can be a shareholder in the company, but the company must have at least two Thai nationals as shareholders who hold the majority of the shares (51%).

The company then leases the property as described above.

Property types in Phuket

Condominiums are the easiest and most popular way to acquire real estate in Thailand. Owning a condominium in your own name offers security.

This article focuses on buying a condominium, but there are other options, and we will look at different types of properties that are available for purchase.

Condominium – A condominium is a building with private and common ownership. The owners of a condominium own the property through a legal entity that manages the condominium. (The Condominium Ownership Act – the Act on Jointly Owned Residential Property of 2522).

Simply put, a condominium is a residential unit that is part of a larger complex. The owner has full ownership of their private apartment and a share of the common areas of the building.

In Phuket (and other regions of Thailand), you sometimes hear the term "cheap" holiday apartment. However, this says nothing about quality or location.

These condominiums are sometimes smaller (studio or one-bedroom apartments) and not suitable for families. A more affordable condominium may not be directly on the beach or in a prime business location, but is often just a short walk away.

They are still equipped with modern appliances and amenities and may also have modern facilities and security measures.

Even in the lower price segment, condominiums can offer remarkable value for money, especially for those with a limited budget or who want to try out the Thai real estate market for the first time.

Apartment – ​​An “apartment” is a condominium unit that cannot be purchased outright by foreigners. Apartments are sold exclusively as leaseholds and are subject to Thailand’s 30-year leasehold regulations.

Pay attention to this when viewing potential properties. In principle, the properties are identical: same living space, same fees and obligations for common areas. You enjoy the same amenities and comfort, but you are not the sole owner.

Resort Condo – A higher-priced condominium in a resort that can be purchased with full title.

These modern resorts often include more exclusive communal areas such as cafes, upscale fitness centers, infinity pools, and expansive gardens.

Mid- to high-priced resort-style condominiums cost between 3 and 15 million baht, depending on location, living space and amenities.

Resort-style condominiums are popular with people who are looking for an opportunity rather than a permanent residence. New construction projects often offer guaranteed rental income for the first few years.

Luxury condominiums and penthouse apartments – A condominium complex for buyers with sufficient capital who are looking for only the very best.

Luxury condominiums offer a wider range of styles and features. Some properties resemble a villa, others a luxurious penthouse with a roof garden, terrace, and private pool.

As part of a complex, these luxury apartments offer high-quality communal facilities such as fitness centers, pools, restaurants, and grocery stores. Residents will benefit from top-tier management teams and services.

The developer can also offer the investor rental guarantees.

Villa – Villas are classified as residential buildings and are therefore subject to the same ownership and purchase laws.

The defining characteristic of a villa is its exclusivity. It is often located in a gated community and shares facilities (pools, restaurants, gyms, etc.) with other owners. A villa gives you the feeling of living in a holiday resort around the clock.

As a buyer, you will enjoy these facilities and be part of a community.

During the purchase process and in the contract, there are further details to consider, such as obligations regarding common areas and the house rules. However, here too, the right legal advice simplifies the process, protects you, and helps to avoid potential financial risks.

Bungalows originate from the Bengal region in eastern India. A Bengali-style house typically consists of a small, single-story building with a veranda extending from the entrance, providing a shaded place to relax.

Bungalows are the beach house style that you know from movies.

Bungalows near the sea are in high demand due to their intimate atmosphere. Newer, upscale bungalow projects with sea views and a modern beach hut style are being built in popular tourist areas.

Bungalows in Phuket vary in shape, style, and price. Some bungalows can be purchased by foreigners if they are classified as condominiums or apartments. However, many are considered detached houses and are therefore marketed to Thai nationals.

Terraced house – A terraced building with two or more floors. The Thai version is known as a "shop house" because the ground floor houses a shop and the upper floors contain living quarters.

Townhouses and commercial buildings are widespread in Thailand. This architectural style is often seen during walks along the beach promenade and in the suburbs around Phuket Town.

These properties are attractive for foreigners with Thai spouses who want to be fully integrated into Thai life. Thanks to the smaller plot size, taxes are lower, while still offering spacious living quarters and the opportunity to generate income by establishing a Thai company in the retail space.

House & Land – It is possible to own a house in Thailand, but the process is more complex. Under Thai law, foreigners cannot own land. Any structure erected on the property is considered part of the land.

Don't let that discourage you. There are various ways to build and own a house. The three most common are:

In all these cases, you do not own the land on which you are building, but you do own your house.

If you want more space for children and pets, or would like to build a house in a quieter area, it is possible, and with the right legal support, it will be easy.

The purchasing process

Whether you are an experienced property investor or a first-time buyer, always remember that this is not your home country.

Even though many laws and procedures are the same, you will be putting down roots in a country with a foreign language and culture. Don't worry, there are professionals who can help you.

Should you buy an existing condominium or an off-plan apartment?

One of the most important things to consider when buying a condominium in Phuket is that most apartments are offered on a leasehold basis.

Phuket is heavily influenced by tourism, which is reflected in the real estate market. Most condominiums offer guaranteed rental income, making them attractive to investors. However, many developments do not allow owners to reside there permanently.

The contracts specify periods during which owners can stay overnight in the property free of charge or at special rates. These costs are added to the purchase price.

Before you begin the purchasing process, you should ask yourself a few questions.

Since this article deals with condominiums, you should ask yourself the following questions:

Needed

Pre-owned condominiums offer a wide selection of apartments and locations. Since they aren't brand new, you're sure to find one that fits your budget. Existing condominiums typically come with an established management team and legal counsel.

Newly completed

The feeling of being the first to walk through the door. A newly completed condominium will be equipped with appliances and furniture in a more modern design.

Property developers are legally obligated to rectify all defects and carry out necessary structural repairs within the first five years after completion. This offers you a certain degree of security when buying a property.

Off-plan

Buying apartments in new construction projects off-plan carries risks and advantages.

For projects that have not yet been built, there is often a longer payment plan, with the final payment only due upon completion. This gives buyers time to save.

Property developers often seek investors for their projects and may therefore offer a competitive purchase price. However, since they are working with a limited budget, they may not be willing to negotiate the price.

49% of the condominiums are reserved for foreign buyers. When you buy a property off-plan, you know you are eligible to purchase it.

A common risk is: "What happens if the project is not completed?"

It is absolutely essential to seek legal advice before signing a purchase agreement for a house that is not yet completed. Your lawyer will ensure that all relevant conditions are met in case the developer (or you) cannot fulfill the contract.

Another important point is the furnishings. New construction projects usually have a model apartment. However, not all apartments are furnished and equipped with household appliances. Therefore, be sure to clarify whether the furnishings are included in the contract price or whether there are additional costs.

Once you have decided on the type of apartment you want, it is time to seek the help of a law firm in Phuket.

Do your homework

The internet offers a wealth of information. Your own research will help you identify different regions, price ranges, and developers, and gain an overview of the current market offerings.

During your research, you should not only keep an eye on potential acquisition targets, but also consider other development plans.

You might find the perfect location that fits your budget, only to discover that a new construction project is planned for next year and your breathtaking sea view will give way to a concrete wall.

As mentioned previously, Phuket is investing in infrastructure. This is great news for tourism and the accessibility of the destination, but as a buyer, you should be aware of how this infrastructure development might affect you.

Will your secluded condominium now be located next to a tunnel entrance?

Will there be increased traffic and congestion in front of your residential complex?

This is not meant to discourage you from securing your piece of paradise, but merely to point out that there is a lot going on and that initial research will save you time in the long run.

This article is about buying a condominium. A piece of Thai real estate that you can own completely and call your own.

Here are some popular real estate portals to help you get started:

Siam Real Estate – Siam Real Estate offers you the latest real estate listings.

FazWaz – FazWaz is a great resource for new and existing construction projects.

Phuket 9 – Phuket 9 offers an excellent overview of completed and ongoing construction projects.

Using keyword searches (nature, beach, history, nightlife, gastronomy) you can discover areas that offer what you are looking for.

Below we present some popular areas, their highlights and attractions.

Once you know the areas and have a list of potential properties, it's time to find a good real estate agent.

Your real estate agent

In Thai culture, reputation and saving face play a vital role. A trustworthy agent is your language and cultural mediator and worth their weight in gold.

A competent real estate agent knows the best existing properties and upcoming construction projects. They have a diverse network throughout the city.

A reputable real estate agent works in the best interests of both you and the seller.

An efficient agent saves you time and money.

Now that you have found the perfect location and negotiated a good price for your dream, it's time to take off the rose-colored glasses.

Keep in mind that even the best real estate agent is not an expert in Thai property law. Do not sign the contract until you have consulted a Thai lawyer.

Your real estate lawyer (lawyer for notary services)

If your agent is worth their weight in silver, then your lawyer is worth their weight in gold. A trustworthy law firm saves you time, avoids hassle, and helps you avoid potential financial losses or legal disputes. They are the experts.

A reputable law firm will remain impartial throughout the entire process while protecting your interests.

What does your lawyer do?

During the purchasing process, they will:

Unlike contracts in Western culture, which are dry, detailed, and numerous, many contractual agreements in Thailand focus on the relationship between buyer and seller. One could describe it as a "gentleman's agreement" or a "handshake agreement."

Unfortunately, this means they may be omitting important terms or clauses. Your real estate lawyer will translate the most important terms for you and advise you on which ones you should include to protect your interests.

In any real estate transaction, money is the most important aspect. We will explain this in more detail later, but your lawyer will confirm what costs are due (including land registry fees, late payment fees, and other charges), who bears the costs and charges, and how the payments will be made (payment schedule).

Your lawyer will ensure that all payments and timeframes are fair for both parties and will carefully review all hidden or ongoing costs with you.

Your lawyer will hand over and receive all relevant documents at the time of settlement. They can then act as your contact person at the Thai Land Registry to register and submit all documents and pay the fees and taxes according to your contract.

A trustworthy law firm can help you look to the future.

What happens in the worst-case scenario of your death?

We often draw up a will in our home country to secure our assets in the event of our death. Thailand does not recognize foreign wills, and they can be contested in court.

A Thai lawyer can help you draft a will that is valid in Thailand. Although this is not part of the purchase process, it is an important aspect that is often overlooked when it comes to protecting assets and providing for a spouse or dependents.

Signing of the contract

Your real estate agent has found the perfect apartment for you and helped you negotiate the purchase price.

Your lawyer has carried out the necessary checks, researched the ownership situation and reviewed your contract – everything is in order.

Review the payment plan, make your down payment, and sign the contract.

Before you pay any money, please note that as a foreign investor you must provide proof that your purchase funds originate from abroad.

All funds must be in foreign currency and have clear proof of the origin of the funds (withdrawal from the originating bank), the purpose of the funds (purchase of a condominium) and proof of currency conversion in the recipient's Thai bank account (foreign exchange form).

Payment schedule: Your contract outlines the amounts and deadlines for all payments. This includes the deposit, the remaining balance, any applicable government fees and taxes, and the respective payers.

Down payment: A down payment is due before the contract is signed. This amounts to 10–15% of the purchase price, but in exceptional cases can be up to 25%.

Remaining balance: The remaining balance of the purchase price is due at the time of invoicing, unless otherwise agreed in the payment plan.

When buying a property off-plan, the payment schedule may differ, with several payments due at specific construction phases.

Government fees: Government fees are payable when registering documents with the Thai Land Registry. The fees depend on the value of the property.

When calculating government fees and taxes, a property is assigned three different values:

Transfer fee: 2% of the registered property value

Stamp duty: 0.5% of the registered value. Only payable if exempt from trade tax.

Withholding tax: 1% of the market value or the registered sales value of the property (whichever is higher if the seller is a company). If the seller is a private individual, the withholding tax is calculated progressively based on the market value of the property.

Business tax*: 3.3% of the market value or the registered sales value of the property (whichever is higher). This applies to both private individuals and companies.

This tax is payable if the property has been owned by the owner for less than 5 years, which is often the case with new construction projects.

Who pays?

settlement

Your lawyer will represent you during the property transfer. The final payments will be made and all documents will be registered with the relevant Thai land registry office.

Your lawyer will handle the registration and payment of all applicable fees at the land registry office.

For completed new construction projects, Thai government and environmental authorities conduct surveys before issuing the title deed for registration. These surveys should be completed before the transfer of ownership.

Where can you shop in Phuket?

Despite its small geographical size, Phuket is a diverse and varied place that leaves you spoiled for choice.

Below we list popular areas for buying property and try to highlight one existing condominium, one new condominium and one construction project under construction in each area.

Phuket Town

Contrary to popular belief, Phuket Town is one of the least touristy areas on the island. It's bustling with activity during the day, but many shops close early in the evening.

Phuket Town is a blend of Thai history, culture, and beautiful colonial architecture. Here you'll find inexpensive street food, quaint bars, markets, temples, and museums.

Existing – Due to the return of investment to Phuket, Phuket Town does not currently offer many existing condominiums.

New – The Base Center

Completion: 2020 Units: 590 Developer: Sansiri Price range: €2,600,000 – €6,000,000

A low-rise residential complex in the heart of Phuket Town. The Base blends traditional local and Chinese culture. The apartments are furnished and range in size from 25 to 75 square meters.

It offers beautiful gardens, a swimming pool, a gym, a reception, 24-hour security service and key card access.

Off-Plan – No new construction projects are currently planned.

Nai Yang

Existing – Royal Lee The Terminal Phuket

Completion: 2017 Units: 513 Developer: Phuket Sirinath Property Co., LTD Price range: 2,900,000 – 4,000,000

Just 5 minutes from Phuket Airport, 5 minutes from Nai Yang Beach, and a 30-minute drive from Phuket Town. Each unit offers panoramic views of lush lawns and a lake.

Studio apartments start at 37 m² and offer a guaranteed rental yield of 8% for 3 years.

It offers a first-class management team, a gym, a pool, furniture, 24-hour security, as well as a shopping center and offices on site.

New – The title residencies

Completion: 2018 Units: 472 Developer: Rhom Bho Property PLC Price range: €2,500,000 – €7,200,000

A successful blend of modern design, vintage style, and warm colors. The building is unusual for Phuket, as it is clad in red brick and resembles a medieval castle more than a modern Asian apartment complex.

It offers a relaxation area, a modern gym, saunas, a pool (with a pirate ship!), a playground, a restaurant, parking spaces and a 24-hour security service.

Still under construction – beach paradise

Completion: 2023 Units: 96 Developer: Ten Trillion Co., LTD Price range:

Panoramic views directly on the beach. Beachfront Bliss aims to "offer a new dimension of relaxation that suits every lifestyle".

It includes a clubhouse with a dining room, a fitness center, and an infinity pool. The project offers a guaranteed rental yield of 6% for 10 years and 30 days of rent-free stay per year.

Kamala

Kamala is a close-knit beach community offering peace and relaxation amidst beaches and jungle. Many consider Kamala a place where they would like to settle permanently.

The feel of a deserted island doesn't mean you can't find great local markets, fresh cuisine, and a vibrant nightlife.

Existing – Citygate

Completion: 2019 Units: 374 Developer: Citygate Exclusive Development Co., Ltd Price range: €4,400,000 – €9,800,000

Citygate aimed to create a mixed-use complex that combines all the amenities of modern life in one location. Residents benefit from a residential area, restaurants, shopping facilities, and a medical center. The complex is located in close proximity to the famous Kamala Beach and various entertainment districts.

The complex is a low-rise building and offers furnished studio apartments. It offers a 7% rental guarantee for 5 years.

It features a lobby, an infinity pool with sun terraces, a rooftop restaurant, a sky lounge, a gym, a yoga and dance studio, a spa, a library, a conference room, as well as general medical services, dentists, and aesthetic medicine clinics belonging to the Bangkok Hospital Group. Detox and anti-aging treatments are also available.

New – ADM Platinum Bay

Completion: March 2022 Units: 432 Developer: New World ADM Platinum Price range: 2,800,000 (Prices may change as further construction phases become available)

ADM Platinum is available as a leasehold property within the framework of the foreign resident quota. Each residential unit offers panoramic sea and mountain views and is furnished. The property caters to every lifestyle and also offers child-friendly amenities for families.

Amenities include a lobby, a rooftop pool, a waterfall pool, a children's pool, a sky bar, a gym, a spa, a yoga studio, a rooftop garden, a restaurant, parking spaces and 24-hour video surveillance.

Kamala Bay Ocean View Cottages – New Construction Project

Completion: Dec. 2022 Units: 300 Developer: Phuket Holiday Services (PHS) Price range: 5,900,000 (Prices may change as further construction phases become available)

The Ocean View Cottages are a unique development. These bungalow-style villas combine tropical and modern architecture with elegant décor. Each villa offers unparalleled panoramic views of the deep blue Andaman Sea.

Enjoy your private whirlpool in a lush, natural setting.

The project offers a guaranteed rental yield of 7% for 15 years as well as a buyback option.

Amenities include a lobby, a pool, a lounge, a gym, Wi-Fi, a spa, a shuttle service, parking spaces and 24-hour video surveillance.

Bang Tao

Composed: Diamond Condominium Bang Tao

Completion: 2018 Units: 295 Developer: Silk Projects Co., LTD Price range: 4,000,000 – 28,000,000

Just a short walk from Bang Tao Beach, a perfect holiday awaits you with access to local shopping centers, shops, restaurants, nightlife and entertainment options.

Diamond is located near Porto de Phuket – a new lifestyle shopping center – and the Laguna Phuket Golf Club.

The complex offers a guaranteed rental yield of 7% for 3 years.

Amenities include a fitness center, gardens, parking, a swimming pool, a whirlpool, a barbecue area, a shuttle bus service, Wi-Fi and video surveillance.

New: Sole Mio

Completion: 2021 Units: 124 Developer: Railand Property International Price range: €3,600,000 – €6,500,000

Sole Mio is a resort-style condominium complex sold on a leasehold basis. Its design is inspired by a cruise ship and features a large rooftop infinity pool.

Sole Mio offers both lifestyle and investment opportunities with a guaranteed rental yield of 7% over 15 years.

It offers a rooftop pool, a gym, full furnishings, an in-house restaurant, a bar, sauna and massage facilities, a children's area and 24-hour video surveillance.

Still under construction – Sky Park

Completion: April 2022 Units: 400 Developer: Laguna Property Price range: €3,800,000 – €5,300,000

Nestled in lush nature, you can enjoy a magnificent view of the Laguna Phuket golf course and the Andaman Sea.

The complex offers apartments with 1 or 2 bedrooms, living room, dining room, kitchen, private bathroom and balcony.

The complex includes a reception and management team, gardens, a communal pool, on-site restaurants, a gym, 24-hour video surveillance and parking.

Patong

Anyone wanting to experience the famous Phuket spectacle should head to Patong. The town is known for its beach parties, bars, restaurants, cabaret shows, markets, and vibrant nightlife.

Patong may be one of the most touristy areas of Phuket, but you certainly won't get bored sunbathing on the beautiful Patong Beach.

Due to its tourist reputation, many properties are available for purchase with a foreign quota, but most units are sold as leaseholds.

Available – Sea view from Bayshore

Completion: 2014 Units: 138 Developer: Bayshore Ocean View Co., LTD Price range: 1,600,000 – 12,000,000

Just a short walk from Patong's trendiest nightlife and entertainment venues, Bayshore is situated on a quiet, secluded side street. This guarantees privacy in an otherwise bustling area and makes the hotel ideal for families.

Located on a hillside, the hotel offers beautiful balcony views of the beach and city lights. The rooms are furnished and feature large windows that provide excellent ventilation with sea breezes.

Amenities include a swimming pool, a pool bar, a restaurant, Wi-Fi, a sauna, a gym, parking, a shuttle bus and 24-hour video surveillance.

New – Patong Bay Sea View Residence

Completion: Dec. 2022 Units: 454 Developer: Phuket Holiday Services (PHS) Price range: 3,400,000 – 3,500,000

Enjoy breathtaking sunsets over the ocean and complete privacy. The resort boasts a modern, tropical design with interiors made of natural materials and in warm colors.

The condominiums are furnished and modern. They feature a private whirlpool and a swimming pool.

The property offers a 7% rental guarantee, a 10-year buyback option, and is sold as a leasehold.

It features a lobby, a management team, parking, gardens, a pool, a gym, a living room, a restaurant, Wi-Fi, a shuttle service and 24-hour video surveillance.

Off plan – Paradise Beach Residence

Completion: Dec. 2023 Units: 1152 Developer: Phuket Holiday Services (PHS) Price range: 2,800,000 (Prices may change as further construction phases become available)

Right next to the famous Paradise Beach is a beautiful, quiet area that offers many adventure activities such as kayaking and beach volleyball.

Surrounded by tropical plants and spacious communal areas, you can enjoy a garden, a pool, and sea views. The apartments on the second floor feature a private hot tub.

The property offers a rental yield of 7% over 15 years, as well as VIP benefits for owners at local bars and restaurants. There are no additional costs such as operating, water, or maintenance fees.

Amenities include a lobby, a management team, a gym, a sauna, a whirlpool, gardens, a pool, a kids' club, an in-house restaurant, a conference room, parking, a shuttle bus and 24-hour video surveillance.

Other popular areas to research for potential investment opportunities include:

Offices of the County Administration (including address)

Even if you have a reliable real estate lawyer assisting you with the purchase and registration, it's still helpful to know the location of your local land registry office. Here you'll find a list of land registries in Phuket and their contact information.

Phuket Provincial Land Registry

Address: 36 Damrong Rd, Tambon Talat Yai, Mueang District, Phuket 83000 Opening Hours: Mon-Fri 8:30 AM – 4:30 PM Phone: +6676212103 Website: www.dol.go.th

Phuket Land Office

Address: Highway 4029, Kathu, 83000 Kathu, Phuket, 83120 Opening hours: Mon-Fri 8:30 a.m. – 4:30 p.m

Thalang Provincial Land Registry

Address: 1/348 ม.1 ต Thepkrasatree Rd, Thalang District, Phuket 83110 Opening Hours: Mon-Fri 08:30 – 16:30 Telephone: +6676311617 Website: www.dol.go.th

Pack

There is a lot of information above. Given the many options, here is a simple overview of how to proceed.

Real estate lawyers or lawyers specializing in property transfers

If you want to buy your dream property in Thailand, sound legal advice is essential. A qualified real estate lawyer familiar with Thai law will advise and support you throughout the entire purchase process and take care of all the formalities.

Siam Legal is a registered law firm with over 17 years of experience in real estate law. The team maintains offices in the major metropolitan areas of Bangkok, Chiang Mai, Pattaya, and Phuket and is intimately familiar with the specific conditions in each location.

You can reach the Siam Legal (Phuket) office at the following address: 123/27-28 Moo 5, Bangtao Place, T. Cherngtalay, A. Thalang, Phuket 83110. Opening hours: 9:00 AM – 6:00 PM. Telephone: +6684 021 9800. Website: www.siam-legal.com