When it comes to apartments for investment, buyers and investors look to the Phuket property market for only two reasons;
1; Lifestyle purchase, they love the weather, beaches, Thai culture, food, the “way-of-life” and the location to explore near enough the whole of Asia within about a 4-hour flight.
2; Attractive rental yields/returns and future capital growth. And this is what we will focus on in today’s discussion.
The Phuket property market is awash with condo and apartment developments offering buyers and investors between 5-10% return per annum. So why isn’t every man and his dog, fighting tooth and nail for a reservation agreement? The answer is simple enough, too many options gets confusing, too little buyers around ready to commit, and the last one….if it sounds too good to be true, it usually is.
Prime Real Estate has seen developers come and go, we’ve seen developers complete on time and others not complete at all. We recognize the little tell-tale signs that inform us that we should “hold-off” representing some projects off-plan. And sometimes the one or two catch us by surprise and deliver against all the odds.
Apartments For Investment
At Prime, we are committed to representing what in our opinion, are the safest projects, offering the best returns and benefits for our clients. Prime Real Estate doesn’t represent all developer and projects, our portfolio of listings are hand-selected using over 20 years of experience being at the top of the Phuket real estate market.
Prime takes into consideration a developer’s past experience of completing projects on time and delivering what they promised (look carefully through our listings and you may notice a number of projects missing, this is no accident). We also look at; land title, legal access, construction milestones and their payment percentage, how the project is to be financed, managing partners and branded partners, etc. We then look at the developers well-intentioned rental return package and its terms and conditions, how flexible are they? How big is the development, how many units are earmarked to be built and is the projected completion date feasible?
All this information and more gives us a great indication on whether we list and promote the development or not.
In summary, Prime Real Estate has taken all the guess-work and headache out of the equation for you.
For the past 10 yrs, Prime Real Estate’s tag-line has been; “The Right Agent Makes All The Difference”. This seems more apt with every year that passes.
For the latest selection of great apartment and condo developments offering a sound and generous investment package, click here.
Don’t tell everyone, but Phuket is a magical place to be right now…
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