Phuket’s Blooming Tourism
- Phuket gets on average 10% increase in tourists each year.
- With the growing number of Tourists arriving each year, the new International Airport is now able to welcome 18.5 Million passengers a year.
- 40 Million tourists came to Thailand in 2019, 10 Million came to Phuket. See statistics here: https://en.wikipedia.org/wiki/Tourism_in_Thailand#Statistics
- The mass arrival of vacation seekers from emerging countries (Malaysia, Vietnam,…) Japan and Big China is constantly increasing.
- Destination of Luxury Clientele coming from Hong Kong and Singapore (Phuket is only 2 hour flight away)
Why all the excitement about Phuket?
- Tourists come to Phuket every year to its numerous activities, party places but also to escape winter back home, savour the exquisite cuisine and enjoy the beauty of its nature
- The Andaman Sea offers breathtaking views and an ideal seabed for diving and snorkelling. Best spots around Phuket are Similan Islands, Koh Phi Phi, Racha Islands.
- An endless list of activities: diving, tree climbing, karting, shooting, elephant trekking, quad biking, windsurf, cultural shows and golf…
- There are 50 kms of white sand beaches and clear blue water
- 29 beaches including the 6th most beautiful beach in Asia according to Tripadvisor: Nai Harn Beach, and 3 others in the top 25: Kata Noi Beach and Karon Beach.
- Phuket is connected to the mainland by a bridge up North which allows exploring the surroundings including the marvellous Phang Nga Bay, Railey Beach, Khao Sok and Koh Phi Phi. Some sites are classified as World Heritage of Unesco, such as Lake Khao Sok (Ratchaprapa Dam)
- The Buddhist culture is very welcoming and the Thais are smiley and warm people
- No other island in Asia has so much to offer in terms of spectacular landscapes and infrastructures.
- The proximity to Asian countries such as China, Malaysia, Singapore and Hong Kong.
- The presence of a Community of Expats: French, Italian, Australian, English… Phuket attracts families for its infrastructure and quality of life (around 50.000 expats)
Phuket Island Infrastructures
- The Thai Government invests billions each year in infrastructures
- It’s the top of the line and most desirable island in Thailand. It has hundreds of luxury villas exceeding million dollars and very prestigious hotels and resorts
- The presence of the biggest hotels in the World: Hilton, Sheraton, Hyatt, JW. Marriott, Accord, Holiday Inn, Movenpick,… (750 Hotels, 50.000 Rooms). These groups, along with their analysts, are confident about the future of Phuket, and they all keep investing billions on the island
- 13 International Schools
- 3 giant Shopping Centres: Jungceylon, King Power and Central Phuket, and 2 more under construction including The Garden, built by the developer of Siam Paragon, the most prestigious shopping mall in Bangkok
- 6 Golf courses
- 4 Marinas, welcoming the world’s most prestigious super yachts
- 2 Leisure Ports and 1 Commercial Port
- One train line connecting the North with the South, planned for 2022
Phuket Property Market
- The plots become rare in the prime locations, meaning a high added value for investment in the short term
- Good rental yields between 6-8% per year
- Promoters offering financing and guaranteed return between 5-15% from 2 to 15 years
- No property taxes
- Your profit won’t be known back home as Thailand isn’t part of the G20
- An average budget of $150/130€ per night
- 85% occupation rate in high season, and 72% per year (C9 hotel works)
The possibilities of ownership in Thailand
Since the Condominium Act of 1979 revised in 2008, it is possible for foreign investors to own a property. This is the case of apartments in condominiums. Regarding the Villas, it is also possible to become an owner through other means such as a real estate company set up.
It is also possible to have a long term lease of 30 years. This lease is registered at land department so the owner won’t be able to evict you under any circumstances. You can sublease the property and used it as you wish, you have full rights.