PHUKET: Foreign interest in owning a home in Phuket pushed real estate costs to unprecedented heights in 2023, with newly launched sales breaking records and land prices soaring to as much as 25-100 million baht per rai (approximately 1,600sq m), Phattarachai Taweewong, director of Research and Communications at Colliers International (Thailand), revealed last week.
The unprecedented opening of condominium and vacation house sales reached a historic peak, accumulating a total value exceeding 100 billion baht.
