Off-Plan Property and New Developments in Phuket

What is being built in Phuket now

We track 131 projects under construction: 71 villa developments and 60 condominiums. Prices start from THB 2.9M, with a median of around THB 117,000 per sq m.

Most new developments are in Layan, Laguna, Pru Jampa and Bang Tao, with projects in Kamala, Rawai, Si Sunthon and Blue Tree as well. Brands include The Title, Banyan Tree, Botanica, Lakelands, Laguna and Garrya.

How buying from a developer works

The purchase usually starts with a reservation, followed by a sale and purchase agreement, with payments on a schedule tied to construction milestones. The final payment and registration of title happen at handover. Such a developer payment plan does not require bank approval.

For a freehold condo, every payment must come from abroad — you will need the FET certificates at registration. A villa is usually held on a 30-year leasehold; renewals are a term of the contract, not the law. On transfer at the Land Department you pay a 2% transfer fee on the appraised value, plus either 3.3% specific business tax (if the seller has owned the property for less than five years) or 0.5% stamp duty. The contract states which party pays what, and in what proportion.

How to vet a new development

Look at the developer's completed projects, the building permit and the EIA for larger complexes, the completion date and the penalties for delay. Find out what the price includes — furniture, appliances, finishes — and which management company will run the property.

If you are buying to let, what matters is not promised yields but how the management company actually performs in the developer's completed projects.

We request these documents before you reserve and go through them with you.