Decades of foreign interest in Phuket have left few bases uncovered. Nevertheless, the island’s treasure trove of prime investment locations contains plenty of untarnished gold.
Spearheaded by Utopia Corporation, one of Phuket’s top property developers, the project will transform 20 rai of land surrounding the marina into a high-end idyll featuring exclusive residences and Southeast Asia’s first Tonino Lamborghini hotel. There was hope that 2021 might see a tentative recovery, but successive waves of infection and ongoing strict requirements for travel have kept international visitors at bay.
“This increase is exaggerated due to the freefall of a year ago during the pandemic’s onset, but is nonetheless a welcome trend,” it noted. Thai real estate insiders have also noted an uptick in interest from wealthy Thai buyers and expats living in Bangkok. They attribute the shift to the pandemic, saying that investors are increasingly cognisant of the benefits of personal space and a healthy lifestyle – key selling points for luxury property in Thailand's idyllic beach destinations.
Thai real estate insiders have noted an uptick in interest from wealthy Thai buyers and expats living in Bangkok.
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