PHUKET, THAILAND - Media OutReach Newswire - 6 January 2025 - Amid booming demand in Thailand’s luxury real estate market, Phuket-based developer Botanica Luxury Villas has announced plans for significant portfolio expansion following record-breaking sales of THB1.2 billion in a single month in 2024. This comes as Phuket’s villa market reaches a historic THB160-170 billion, with villa launches surpassing condominium launches for the first time in 15 years.
“The luxury villa market in Thailand, particularly in resort destinations, continues to show remarkable resilience and growth,“ said Attasit Intarachooti, CEO of Botanica Luxury Phuket Co., Ltd. “Data from Colliers Thailand shows significant price appreciation in prime areas, with top villas in Kamala and Bang Tao reaching THB296.2 million and THB270 million, respectively.”
Additionally, a THB18-billion high-end condominium project is under development in Cherng Talay, just 500 meters from Bang Tao Beach. This landmark project will feature an art-inspired walking street and upscale retail spaces, positioning the area as a luxury lifestyle hub.