1 Bedroom Apartment for sale at Phuket Palace complex · Patong

Phuket Palace operates under hotel management on-site, with a restaurant, 24/7 security, CCTV, communal pool and gym, key-card access, valet parking, and a cigar lounge. This infrastructure — particularly the on-site hotel desk — is critical for STR operations: guest check-ins, laundry turnovers, and maintenance coordination are built into the building's workflow. The project is completed and operational.

This listing targets yield-focused investors familiar with short-term rental markets. Patong delivers strong gross occupancy (70–80% year-round per industry benchmarks) but net yield after OTA commissions (15–18%), property management, housekeeping, CAM fees, and a typical 25–30% vacancy band typically lands in the 3.5–5.5% net range in 2026. Legal note: sub-30-day rentals in Thailand require a hotel licence under the Hotel Act B.E. 2547. Phuket Palace's hotel-managed status and on-site restaurant suggest licensing compliance, but buyer must verify the juristic person's house rules do not restrict STR. Enforcement raids by Phuket authorities in 2024–2025 have targeted non-licensed short-term rental buildings; hotel-managed properties carry lower regulatory risk. This condo suits repeat-visitor expats, Asia-region first-time foreign property buyers seeking entry-level Patong exposure, and pure-yield investors willing to accept Patong's lower net yields (vs. Bang Tao or Surin comparable properties) in exchange for daily-deal guest turnover.