The City Phuket

Phuket's property market has matured into one of Southeast Asia's most reliable investment destinations, and The City Phuket represents exactly the kind of opportunity that European investors have been positioning themselves to capture. Developed by World Corporation Company Limited and already completed as of late 2023, this 244-unit condominium in the Wichit district eliminates the construction risk that many off-plan buyers accept — your investment is ready to generate income from day one.

The project's financial profile is straightforward and compelling. With a projected ROI of 6.5% and a rental yield tracking at 4.7%, The City Phuket comfortably outperforms the savings rates and rental returns available across most European markets today. Units start from 3,920,000 THB — roughly €105,000 at current exchange rates — making meaningful exposure to Thai real estate accessible without the capital outlay that comparable-quality assets in Warsaw, Vienna, or Amsterdam would demand. With 36 units still available across a sold-out-majority building, the secondary demand signal is already visible.

The range of floor plans — from compact 29.2 sqm studios to expansive 196.4 sqm residences — means the asset works for multiple investment strategies simultaneously. Short-term rental platforms perform well with studios and one-bedroom units in this price bracket, while the larger two- and three-bedroom configurations attract longer-term professional and family tenants, the demographic that underpins stable occupancy rates. The price per square metre of 107,840 THB reflects good value positioning within the Phuket condominium segment, particularly for a delivered project.

Resident amenities match the expectations of internationally mobile tenants: a swimming pool, fully equipped fitness centre, dedicated co-working space, a screening room, and a karaoke suite — the last two being high-utilisation features in the Thai rental market that meaningfully differentiate this building from simpler competing projects. Wichit district provides daily practicality, with straightforward access to Phuket Town, the main commercial arteries, and the island's road network, making it equally suited to residents who work locally and visitors who use the property seasonally.

Varsovia Estate's team has reviewed The City Phuket on-site and can provide current occupancy data, property management introductions, and a full legal walkthrough for foreign buyers. If you are looking to invest in Thailand real estate with an asset that is already operational, this Phuket property for sale deserves serious consideration.