Luxury Apartments Phuket
With prices for luxury apartments and condos on Phuket sising year
on year, these represent an attractive investment option. The recent
completion of several extemely high-end properties in a sought after
beachside locations has raised the bar in this sector of the market and
prompted further construction of luxury apartment complexes with a full
range of on-site amenities. Long term rental options also offer an
attractive alternative for people that wish to spend longer on the
island but prefer not to commit to full purchase.
In the
diddle price bracket, condominiums have long been the most popular
option for investors on Phuket. High demand has created fierce
competition between developers with ever-more extravagant concepts and
increasingly innovative designs emerging as buyers look for the
ultimate island residence. Thai law allows foreigners to own an
apartment outright in their own name, making the purchase process much
less complicated as long as 51% of the building belongs to Thai
nationals. Many foreigners opt for luxury apartments over villas for
this reason.Apartment complexes also represent an appealing option for
retirees that choose Phuket as a place either to live permanently or to
spend extended periods of time. The provision of communal onsite
amenities, combined with proximity to other residents and a team of
maintenance and service staff guarantee a relaxed, comfortable
retirement.
Up-market residential areas on the eastern and
western coasts of Phuket have become prime locations for condominium
projects and there are also several upmarket apartment complexes
located within the island's marinas. Favoured beaches include places
such as Layan, Bang Tao, Surin and Chalong and a luxury lifestyle no
longer comes cheap in these areas, Bur with prices still favourable
compared to other resort destinations around the world, apartments in
the most popular spots close to remain in high demand internationally.
Phuket's excellent reputation for golf, sailing and fine restaurants
adds to island's appeal.
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