Phuket Residential: Foreign-Buyer Demand and 2025-2027 Pipeline
Phuket condo, villa: ~11,011 units transferred to foreign buyers Jan-Sep 2025 (flat YoY); transaction value THB 44.1B (-14.2%). 1H 2025 cooled with launches and sales -50% YoY. 2024 foreign-buyer mix: 60% of condo sales, 30% of total property. Buyer-growth leaders 2025: Singapore (+63.2%), Taiwan (+37.8%), France (+22.5%), UK (+21.3%).
Key takeaways
- 1
11,011 condo units transferred to foreign buyers Jan-Sep 2025 (flat YoY); transaction value (- YoY) per Bangkok Post.
- 2
1H 2025 cooled materially: new launches and sales - YoY in the first half.
- 3
2024 baseline: foreigners ~ of condo sales, ~ of total Phuket property purchases.
- 4
Buyer-growth leaders 2025: Singapore +, Taiwan +, France +, UK +.
- 5
Structural shift: from short-term holiday-home buyers to long-term family residency, supported by international-school expansion.
Questions this report answers
Where is the foreign-buyer cap on Phuket condos getting filled fastest? Singapore and Taiwan are the fastest-growing buyer cohorts (+ and + YoY respectively); European buyers from France and UK come next (+ and +). The Russian buyer cohort that dominated 2022-2023 has plateaued; Chinese demand is flat to slightly declining.[, , ]
Which Thai-developer cohort has the cleanest delivery track record for 2025-2027 vintage? Sansiri leads on listed-developer scale; Origin and AP Thailand have selective Phuket exposure; local Phuket specialists (Laguna, Phuket-anchored boutiques) compete on local-knowledge and service. The 1H launch-and-sales contraction filters weaker operators β track delivery dates against advertised completion.[, , ]
For a foreign buyer choosing between leasehold and Section-19-condo-quota ownership, which is more transferable on exit? Section-19 freehold-quota condos transfer easily to other foreign buyers within the foreign-ownership cap. Leasehold (typically 30+30+30 year structures) transfers but at a discount to freehold; legal verification of lease validity and renewal rights is essential. For 5-7 year holding periods, freehold-quota is cleaner; for 15+ year holding, leasehold can be acceptable with proper documentation.[, , ]
What's the realistic 5-year rental-yield band for a Phuket condo vs equivalents in Bali, Da Nang, or Hua Hin? Phuket gross yields run in stable months (high-season anchored); net yields after management, maintenance, and vacancy run . Bali yields similar but with more political risk; Da Nang slightly lower base but lower entry; Hua Hin lower yield but more retiree-resilient demand.[, , ]
Foreign-buyer growth by origin (2025 YoY)
Singapore
YoY growth %
+63.2%
Notes
Fastest-growing cohort; HNW long-term residency demand
Taiwan
YoY growth %
+37.8%
Notes
Family-residency demand; international-school catchment
France
YoY growth %
+22.5%
Notes
European holiday-home and lifestyle buyer
United Kingdom
YoY growth %
+21.3%
Notes
Long-stay retiree and lifestyle buyer
| Buyer origin | YoY growth % | Notes |
|---|---|---|
| Singapore | +63.2% | Fastest-growing cohort; HNW long-term residency demand |
| Taiwan | +37.8% | Family-residency demand; international-school catchment |
| France | +22.5% | European holiday-home and lifestyle buyer |
| United Kingdom | +21.3% | Long-stay retiree and lifestyle buyer |
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