Luxury apartment complexes and condominiums have grown in standard over recent years and are still a very popular investment opportunity on Phuket which attracts a good number of expats and retirees looking to make a profitable investment.
Demand for high end luxury apartments is on the increase and the choice of properties is vast. These represent the easiest form of ownership as a foreigner. Thai law forbids foreigners owning land outright, but has a structure allowing 49 per cent ownership of an apartment building, which effectively means full ownership of apartments within that building for selected investors.
Phuket is a lot larger in size than its competitor Samui and prices can vary a great deal depending on location and size of the property. Popular locations on the southern beaches areas of Karon, Kata and Patong are now considered very developed and carry a very high price tag. Developers are turning to the quieter, more up market areas on the eastern and western coasts in Layan, Bang Tao, Chalong to create beautiful affordable tropical luxury apartments complexes in the remote corners of the island.