Phuket Condo Prices 2026

The real estate market in Phuket in 2026 remains one of the most dynamic investment markets in Southeast Asia. The increase in the number of foreign investors, the development of the premium segment, and the limited supply of land – especially in coastal locations – are driving further growth in apartment prices in Phuket.

According to market data as well as CBRE reports and investment analyses, the average price of apartments (condo) in Phuket in 2026 is approximately 135,000 – 144,000 THB per m², while the average for new projects often exceeds 140,000 THB/m²

At the same time, the best premium projects reach significantly higher price levels, which clearly shows the trend of market “premiumization”.

What are the current apartment prices in Phuket in 2026?

Based on CBRE data, C9 Hotelworks, and market analyses, several main price segments can be distinguished:

Budget segment (inland / outside top locations)

• 70,000 – 120,000 THB/m²

These are mainly:

• Phuket Town

• Kathu

• Chalong

These are the cheapest apartments in Phuket, often older or located in less touristy areas.

Investment segment (most popular)

• 130,000 – 180,000 THB/m²

These include locations such as:

• Bang Tao

• Rawai

• Kata

• Cherngtalay

This is the segment most often chosen by foreign investors.

Premium segment (near the beach / new projects)

• 170,000 – 280,000 THB/m²

Characteristics:

• modern condos

• proximity to the beach

• high standard

Ultra-luxury segment (branded residences / beachfront)

• 300,000 – 450,000+ THB/m²

• These are the most exclusive properties in Phuket.

Average apartment price in Phuket – real benchmarks

The most reliable data:

• average condo price: approx. 140,000 THB/m²

• market median: approx. 144,000 THB/m²

• top projects: 100,000 – 180,000 THB/m² (CBRE)

In practice, this means that Phuket today is positioned in the mid-to-high segment of global resort real estate markets.

How much does an apartment in Phuket cost in 2026 (total prices)?

Based on current market data:

1-bedroom condo (approx. 30–40 m²)

• from 3 million THB (cheaper locations)

• average: 5–6 million THB

• premium: even 10 million THB+

2-bedroom condo (approx. 50–70 m²)

• average: 8–12 million THB

• premium: up to 15 million THB+

3-bedroom condo / luxury

• from 12 million THB

• premium: 20–25 million THB+

• The cheapest apartments available to foreigners start from approximately 1.8 – 2.5 million THB

What influences apartment prices in Phuket?

1. Location

Most expensive locations:

• Bang Tao

• Kamala

• Surin

Cheapest:

• Phuket Town

• Kathu

The price difference can reach even 200–300%.

2. Access to the beach

The closer to the beach:

• the higher the price

• the higher the ROI

Beachfront projects are limited, which drives prices up.

3. Type of project (branded vs standard)

• branded residences: +20–30% price

• better ROI and stability

4. Property age

• new projects: approx. 139,000 THB/m²

• resale: approx. 100,000 THB/m²

The difference results from quality and standard.

Apartment price trends in Phuket (2025–2026)

Key data:

• condo price growth: +7–10% annually

• market growth: +8–10% annually forecast

• sales growth:

  • condos: +201%

  • villas: +148%

The market is in a growth phase, but more stable than a speculative boom.

Why are apartment prices in Phuket increasing?

Main reasons:

1. Limited land supply

The best locations are practically exhausted.

2. Growth of tourism

Phuket remains one of the most popular destinations in the world.

3. Foreign capital

• approx. 60% of buyers are foreigners

• branded residences are gaining importance

• they already account for approx. 10% of the condo market

Will apartment prices in Phuket continue to rise?

Forecasts for 2026:

• growth: 6–10% annually

• rising prices in top locations

• stabilization in the budget segment

Highest potential:

• Bang Tao

• Cherngtalay

• Kamala

Phuket vs other markets – is it still “affordable”?

Comparison:

• Phuket: 135k – 180k THB/m²

• Bangkok prime: 220k – 350k THB/m²

• Bali / Vietnam: lower, but less stable

Phuket offers a better balance:

• ROI

• security

• market liquidity

Key conclusions for investors

1. Average apartment price: approx. 140,000 THB/m²

2. Best locations: Bang Tao, Kamala

3. ROI: 6–12% annually

4. Market growth: ~8–10% annually

2026 is still a very good moment to enter.

Sources

https://www.cbre.co.th/insights/figures/phuket-overall-figures-h2-2025
https://property.cbre.co.th/useful-information/phuket-condos-and-villas-2025
https://charlesdel.com/phuket-real-estate-trends/
https://sunwayestates.com/blog/post/phuket-2025-market-trends-and-the-winners-in-real-estate
https://alestriaproperty.com/blog/phuket-rental-yields-in-2025-what-investors-can-expect
https://phuketrealtor.com/blog/h1-2025-phuket-market-report-by-cbre
https://bambooroutes.com/blogs/news/phuket-housing-prices