The Phuket real estate market has a wide range of Phuket villas for sale. Most Phuket villas come with a private pool and are usually part of a management program alleviating the potential issues of being an absentee landlord. Depending on the Phuket villa development they invariably offer a home with privacy and space in a prime location.
Phuket apartment
There are a wide range of Phuket apartment developments for sale in a number of prime locations. Ideal for holiday homes, a Phuket aparment is a popular investment for purchasers, wishing the support that a on-site management company can offer. A Phuket apartment also makes a excellant residential properties providing fantastic services and on-site security.
Luxury Phuket real estate
There are a number of top end Luxury Phuket Villas & Apartments all set in prime locations with views that you will only get once in lifetime. These properties are usually "one of a kind," custom Phuket villa & apartments that come with stunning ocean views or are beautiful beachfront properties. They may also be part of a larger first-class, five-star resort like Trisara, Jumeirah Private Island Phuket, Andara and Saisawan to name but a few.
Recently international hotel management companies have entered the market of mixed use developments and are trying to get their share of the lifestyle investment market.
All over Asia, be it in Phuket, Singapore or in Bali, these international brands are developing new luxurious hotels and resorts. What used to be investments where capital growth was the only goal, have now changed to be investments which can also generate good rental yields, adding an extra factor to the attraction of investing in such property.
These branded names developments offer a wide range of choice. From villas in Phuket with absolute privacy and their own swimming pools to condominiums with shared facilities like swimming pools, gyms and the possibility of having in room services.
Phuket has seen the evolution where hotel managed projects are now offering ownership to individuals. Amanpuri, Banyan Tree and Sheraton started this trend in the 90’s. Currently branded projects that are being constructed or which are in the pipeline are Raffles, Movenpick, Jumeirah and Taj, just to name a few.
If you are looking to buy into such hotel managed products you need to weigh the relative merits of a shorter return on investment scenario with ongoing rental returns. One additional benefit is that as an owner you have usage for a certain period of time each year.
Projected rental returns in Phuket average 6-8% per annum. Some developers will offer guaranteed rental returns for a certain period of time to start with. It sometimes goes as high as 10% per annum. There are re-sales of this type of property available. And although this type of resort style property is still quiet new to the island, some re-sales of this type of properties have generated a capital appreciation of more than 100% over only 3-4 years.
Of course, investing in such resort style property is not suitable to everyone. People looking for retirement homes or who want to stay longer periods of time can be put off by the ongoing monthly charges for the use of the common facilities like swimming pools, gym, tennis court, shuttle services… that most of the times are part of resort style developments. But if you are looking for a Lifestyle property, these branded developments do offer hassle free quality management while your (optional) rental returns are generated through worldwide sales and marketing networks.
