Apartments for Sale in Phuket

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Phuket Apartments Market Overview

Phuket apartments — distinguished from condos by management style — are typically branded service-apartment buildings (Mövenpick, Wyndham, Skypark, Citygate). They function more like hotels with full-service amenities: daily housekeeping, F&B, concierge, rental programs with guaranteed yield contracts. Most are sold leasehold or through hotel-management ownership structures. Ideal for buyers wanting hands-off rental income from day one.

First-time buyer? How foreigners legally buy property in Phuket — legal structures, transaction costs and due diligence checklist.

Frequently Asked

What's the difference between Phuket condos and apartments?

Condo = strata-titled freehold/leasehold unit, owner self-manages or hires individually. Apartment = brand-managed building with hotel-style operations, often guaranteed-yield rental contract (5–7 years at 5–8% gross). Lower agency but lower control; common in branded-residence projects.

What is a guaranteed yield contract?

A rental-management agreement where the operator (e.g., Mövenpick) pays the owner a fixed annual yield (typically 5–8% gross for 3–7 years) regardless of actual occupancy. The operator pools rental income and takes upside above the guarantee; you give up rental-rate control in exchange for predictability.

Are apartments freehold or leasehold?

Most branded service-apartments are sold leasehold (30-year + renewal) because the underlying land is hotel-licensed. Some hybrid projects offer foreign-quota freehold for the apartment unit while keeping common-area infrastructure under hotel management.

Do apartments lose value compared to condos?

Resale typically lags new-build pricing by 15–25% (similar to condos) but enjoys brand premium on relaunch. Apartments under-perform on owner-occupier resale (hotel rules limit personal use) and out-perform on yield-focused investor resale (proven rental track record). Match to your exit thesis.