Phuket’s Infrastructure Revolution: Why the Next Five Years Change Everything for Buyers
Blog Main Page Intro: Fifteen megaprojects are reshaping Phuket through
2033. Here’s what that means for property buyers weighing their next move.
If you’re deciding whether to buy in Phuket now or wait, here’s the honest
answer: the island isn’t the same market it was five years ago, and it won’t stay
still for the next five either. According to Colliers Thailand’s research, 15 large-
scale infrastructure megaprojects are currently tracked across the province
through 2033. That pipeline is already showing up in prices, in developer
behavior and in where the smart money is buying.
The five-year run-up is real
Since 2021, Phuket has recorded roughly 45,066 newly launched residential
units, representing a combined investment value of THB 469.72 billion.
Landmark additions like ICONSIAM Phuket and a growing roster of branded
residences from globally recognized names are pulling the province into a
different price tier.
Colliers expects property prices here to rise in 2026 to levels comparable to
Bangkok and other leading regional cities, a shift the firm ties directly to
sustained infrastructure investment rather than short-term speculation.
Supply is cooling, not stalling
2024 was the peak: 18,515 new units launched, worth THB 190.11 billion. That
pace was never going to hold, and it hasn’t. 2025 brought a deliberate
pullback to roughly 8,372 new condominiums across 23 projects, and Colliers
expects 2026 to settle further still, to somewhere between 6,000 and 8,000
units, after nearly 25,000 flooded the market over the prior two years.
Sales performance has stayed strong through the adjustment. Some
developers sold out entire projects within weeks. Others reached 50% to 70%
of total units sold in under a month. This reads like an industry absorbing
supply and repositioning, not one losing momentum.
Demand is holding despite a softer tourism year
Phuket welcomed approximately 10.47 million international visitors in 2025, a
5.38% dip from the year before, and tourism revenue fell 4.49% to THB 545.87
billion that year. On its own, that looks like a warning sign.
In context, it isn’t. Demand from Russia, Australia, India, China and
Kazakhstan stayed strong enough that the islands’ holiday home segment
kept expanding through the downturn, adding roughly 1,100 new units across
40 projects.
Where the pipeline actually lands
Here’s the part that matters most for buyers: this infrastructure isn’t spread
evenly across the island. It’s converging on the west coast. Confirmed
completions include the Phuket International Airport Expansion Phase 2 and
the Andaman Ring Ports in 2027, along with the Light Rail System Phase 1
that same year.
The Paklok–Bangkoo Expressway follows in 2030. All three sit closest to Bang
Tao, Cherng Talay, Kata, Karon, and Rawai, the areas already drawing the
strongest developer interest.
It’s no coincidence that 58.40% of all new holiday home supply launched in
2025 was concentrated in Cherng Talay alone. As beachfront land grows
scarcer and pricier, future development is expected to push further inland.
The THB 30 million to THB 50 million segment is expected to remain the
sweet spot for both Thai and international buyers.
None of this is a blank check. Intensifying supply in the mid-to-upper
condominium segment means product positioning and developer track
record will keep separating strong investments from crowded ones.
But the core question for a buyer isn’t whether Phuket is changing.
It’s whether you’re buying in front of the infrastructure or behind it.
