1BR Condo · Palmetto Park Condominium
฿ 4 200 000฿129K/m² · ≈ $127K32.5m²11
575 active listings
Properties in Phuket's top short-term rental districts — Rawai, Kamala, Patong, Kata, and Karon. High occupancy zones with strong Airbnb and booking.com yields.
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Daily and weekly rental under 30 days requires a building hotel licence under the Hotel Act B.E. 2547. Most residential condos don't hold one, so legal short-term letting is limited to hotel-licensed buildings — common in Patong and Bang Tao condotels. Without a licence, the legal model is long-term (30+ day) renting.
In a hotel-licensed building, expect 5–7% net after management (10–15%), CAM, tax and vacancy. Gross marketing figures of 8–12% are pre-cost — apply a 35–45% expense ratio to reach net. Beachfront licensed units in Patong and Kamala sit at the top of that range.
Beach-proximate, tourist-facing zones — Patong, Kamala, Karon, Kata and Rawai — where nightly demand and occupancy are highest. Always verify the specific building's hotel licence before assuming short-term income; the zone alone does not make daily rental legal.
Short-term rental offers higher gross in licensed buildings but higher costs and legal exposure. Long-term letting (30+ days) is legal in every building and returns a cleaner 4–6% net. Many owners default to long-term for compliance and lower turnover.