Luxury apartments in Phuket usually offer the same type of services as a condominium, however the ownership is structured slightly differently. Apartments in Phuket are offered for sale on a leasehold basis for periods of 30 years. Condominiums can be sold on either a leasehold or foreign freehold basis.
In recent years, the popularity of apartments and condominiums has grown, particularly with families who live in the Asia Pacific region (Singapore, Hong Kong, China, Austrlia). Buyers are attracted by the convenience of easy to maintain and manage “lock and leave” holiday homes at an increasingly affordable price.
The trend has shifted to smaller units that appeal to a broader market of buyers and such some developments are quite large.
You can search a comprehensive portfolio of the latest properties for sale and rent in Phuket on PhuketProperty.com.