No other province in Thailand has seen a real estate boom like Phuket in 2024. In just the first half of the year, new projects have been launched. All projects are worth a staggering 72.3 billion baht. In particular, the condominium market has expanded by 10-15%, especially in tourist areas.

However, amidst this red ocean, a hidden gem has emerged: Thalang District. Although, this district boasts a wealth of amenities but experiences a supply shortage to meet the demand of genuine homebuyers. Thus, “Arise Vibe (Phuket-Thalang)”, a new condominium project by experienced Chiang Mai developer, Ornsirin, is set to fill this demand.

Understanding Each Zone in Phuket

Phuket’s urban landscape is primarily concentrated around key intersections where the main highway (Highway 402) connects with secondary roads leading to tourist areas. There are approximately six major intersections across the island. Properties situated near these junctions are highly sought-after due to their convenient accessibility.

When dividing Phuket into zones based on its main districts—Thalang, Kathu, and Phuket City—it becomes evident that each area has its distinct characters. These zones can be categorized into urban centers, tourist centers, or a blend of both. Consequently, the demographics of each zone vary significantly.

A study by TerraBKK on residential properties across Phuket revealed a clear correlation between location and price. Prime beachfront properties in popular tourist centers command higher prices compared to properties in urban centers.

• Thalang District: A Blend of Urban Living and Tourism Thalang District offers a unique blend of urban living and coastal scenery. It boasts popular beaches alongside residential and commercial areas. Consequently, the district provides a diverse range of housing options. Most projects for sale in Thalang are villas, priced between 10 and 100 million baht, while condominiums typically range from 2 to 10 million baht.

• Kathu District: Coastal Luxury and Urban Convenience Kathu can be divided into two main zones: coastal and urban. The coastal zone is home to Phuket’s renowned beaches such as Kamala and Patong, and features high-end properties. Villas in this area can cost between 10 and 200 million baht, while condominiums range from 5 to 50 million baht. The urban zone of Kathu offers more options, with villas priced between 15 and 20 million baht and condominiums ranging from 2 to 8 million baht.

• Phuket Town: A Thriving Urban Center Phuket Town is the island’s urban center and expanding toward the south. The city is characterized by a mix of traditional and modern development. It is home to a wide range of lifestyles, workplaces, and amenities. Property prices in Phuket City cater to a diverse market, with villas ranging from 2 to 100 million baht and condominiums from 2 to 10 million baht.

Thalang: The New Potential of Phuket

While “Thalang” is the name of a district encompassing five sub-districts, the heart of Thalang is centered around the Sri Sunthon sub-district, near the monument of Thao Thepkasattri and Thao Sri Sunthon. This location serves as a crucial junction connecting the island’s major zones: Phuket Town, Bang Tao Beach, Kamala Beach, and Phuket International Airport. This marks the location as a highly strategic location on the island. 

Thalang is a district that seamlessly blends urban living with premium tourism. Particularly in the Bang Tao Beach area, home to Laguna Phuket, a sprawling 2,350-rai complex featuring luxurious accommodations and golf courses. Property prices in this area range from 10 to 70 million baht. Additionally, Royal Phuket Marina, a 200-rai yachting marina and mixed-use development, offers high-end properties priced between 10 and 60 million baht. Both Laguna Phuket and Royal Phuket Marina are popular destinations for European expats seeking a peaceful and private lifestyle, with the added convenience of a close proximity to Phuket International Airport.

Demand in Thalang is Greater Than Meets the Eye

Arise Vibe (Phuket-Thalang) is a new condominium project located in the heart of Thalang, not far from the Thao Thepkasattri and Thao Sri Sunthon Monument. This location, while sparse with new condominium developments, possesses significant potential. It’s situated in an area with a high level of urbanization, offers convenient transportation, and is surrounded by a premium zone that serves as a hub for diverse employment opportunities.

• Laguna Phuket – This 2,350-rai (1,000-acre) integrated resort offers a wide range of luxury amenities, including a golf course, international school, spa, hotels, resorts, condominiums, and villas such as Banyan Tree, Dusit Thani, CASSIA, GARRYA, SAii, HOMM, and more. There is a strong local housing demand from over 4,000 employees and workers within the resort. 

• Royal Phuket Marina – This large-scale yacht marina is currently being developed into a new Phuket lifestyle destination spanning 200 rai. The project includes hotels, condominiums, additional berths, and a kids’ club, with a total investment of 5 billion baht. This development will attract a new demand segment.

• Phuket International Airport – Thalang is conveniently located just a 30-40 minute drive from Phuket International Airport. The proximity from Thalang to the airport is significantly shorter than other areas that require travel time over 60 minutes. The accessibility makes it attractive to both foreign buyers seeking short-term and long-term stays, as well as investors.

The Future of Thalang

In addition to its current strengths, Thalang is set to benefit from future developments, including both public infrastructure projects and private investments. This will position upper Phuket, or Thalang, as Phuket’s premier wellness and lifestyle destination.

• Bumrungrad International Hospital Phuket: A 150-bed boutique hospital and advanced diagnostic center, spanning 16.55 rai, will be located near Phuket International Airport. The hospital will offer a comprehensive range of services including health checkups, wellness centers, anti-aging medicine, family medicine, cardiology, orthopedics, and more. This project is estimated to cost 4.3 billion baht.

• Light Rail Transit (TRAM): Phase one of the Light Rail Transit (TRAM) project will connect Phuket International Airport to Chalong intersection. The 24-station line, spanning 58.5 kilometers, is estimated to cost 3.3 billion baht and is expected to begin construction in 2026.

• New Mueang Mai-Ko Kaeo Road: This new 22.4-kilometer road, with a construction budget of 22.718 billion baht, will connect Highway 4026 to the Kathu-Patong Expressway. The project is expected to be completed in 2026.

• Siam Premium Outlet: The second Siam Premium Outlet in Thailand is set to become a destination for shopping, dining, entertainment, and mixed-use activities. It will feature over 300 leading brands and is expected to open in 2026.

• Entertainment Complex Phuket: As part of Thailand’s Soft Power initiative, a new entertainment complex is planned for Phuket, targeting Ko Lon as a potential location. This project will cover an initial area of 1,000-2,000 rai and is aimed at attracting both domestic and international tourists.

Diving into Phuket Condominium Prices by Zone

Phuket, a premier tourist destination in Thailand that consistently attracts both international and domestic tourists. Its attractiveness to the tourists fueling a steady demand for residential properties. The Phuket condo market has been experiencing continuous growth, especially among buyers seeking short-term and long-term rental investments. Terra BKK has conducted a research of condominiums in a mass market condo segment in Phuket. Condominium markets in Phuket can be divided into three major zones:

Central Phuket: This zone is characterized by its abundance of amenities, including shopping malls, hospitals, and restaurants. The ongoing development of new condo projects reflects its popularity. Condominium prices in this zone range from 71,000 to 93,000 baht per square meter, with an average of 90,000 baht per square meter. The primary buyer demographic consists mostly of locals seeking convenient urban living and close proximity to their workplaces.

Kathu: Strategically located between Phuket Town and Patong Beach, Kathu offers easy access to both Phuket City and beach areas. Condominium prices in this zone are generally more affordable, ranging from 67,000 to 80,000 baht per square meter, averaging 75,000 baht per square meter. A mix of Thai and foreign buyers are drawn to Kathu, particularly those interested in short-term rentals for tourists visiting Patong.

halang: This zone, centered around the Thao Thepkasattri Monument, is well-connected to Phuket Town, the airport, and popular tourist destinations like Bang Tao. With amenities like Robinson Lifestyle and Tesco Lotus, Thalang appeals to both local residents and foreign buyers seeking investment or vacation homes. While there is only one condominium project, the price is 69,000 baht per sqm and 90% sold. This poses a very limited supply of condominiums in the area. The upcoming Arise Vibe (Phuket-Thalang) project is a Low-rise 7-stories project next to Sisoonthorn road, 800 meters from Robinson Thalang. The starting price is 2 million baht.

Investment Potential of Phuket Condominiums by Zone

The investment returns of condos in different zones are not significantly different.

• Central Zone: Offers an average rental yield of 4.9% – 7.4% per year. Studio rental prices range from 10,000-18,000 THB/month, 1-bedroom units from 14,000-29,000 THB/month, and 2-bedroom units from 30,000-60,000 THB/month.

• Kathu Zone: Studio rental prices range from 10,000-14,000 THB/month, 1-bedroom units from 12,000-16,000 THB/month, and 2-bedroom units from 24,000-26,000 THB/month. The average rental yield is 4.6% – 7% per year.

• Thalang Zone: Currently lacks condo supply for rent, with the market mainly comprising apartments and serviced apartments. Studio rents are 9,000-13,000 THB/month, 1-bedroom units 10,000-18,000 THB/month, and 2-bedroom units 20,000-25,000 THB/month. With limited condo supply but steady rental demand, this zone presents a great investment opportunity. Low competition means higher chances of securing tenants and the flexibility to increase rental rates in response to market demand, potentially boosting long-term rental returns.

Arise Vibe (Phuket-Thalang) – New Condominium in Thalang, Phuket

Arise Vibe (Phuket-Thalang) is the first condominium project by Ornsirin, located in Thalang, Phuket. Designed to meet the demands of young professionals and expatriates in the Thalang area, which experience limited condominium supply. Arise Vibe is developed under the concept ‘Rise Your Own Vibe – Comfortable Living, True to Yourself.’  The project caters to the lifestyle of Phuket residents who enjoy outgoing activities and love to connect with nature while valuing private spaces for full relaxation.

Arise Vibe (Phuket-Thalang) is a low-rise condominium with 7 floors and 1 underground parking floor across 3 buildings, comprising  411 units. It is designed to ensure comfort and safety in private spaces while allowing residents to express themselves fully in every square meter. The project offers the most extensive and complete common areas in the Thalang area, built on four key design principles:

• Modern & Creative Living – Flexible function and layout design suitable for all age groups, including young professionals, working adults, and starting families. Units range from Studio to 2-Bedroom, sized 28.85 to 91.62 sqm.

• Inspiring & Empowering – Offers freedom and variety with expansive 3-story common areas, providing more activities than other projects.

• Vibrant Community – Features comprehensive security systems and plans for a future community mall to enhance convenience and build a high-quality living community.

• Exceptional Service – Flexible common areas accessible from all buildings, exceeding expectations with 50% parking availability and EV chargers.

Arise Vibe (Phuket-Thalang) – The Only Condominium with Three Floors of Common Areas

Arise Vibe (Phuket-Thalang) understands the living needs of Phuket residents, who often seek new experiences and diverse activities while prioritizing safety and comfort. Thus, the project has developed common areas that perfectly cater to both active and passive lifestyles within a large 3-story clubhouse. The common areas are divided into 5 zones as follows:

• Active Oasis: Outdoor zone designed for active lifestyles, featuring a swimming pool, chill pool, kids’ pool, steam room, sauna, jacuzzi, and sunken seat for relaxation. Surrounded by greenery with a jogging track encircling the project.

• Harmony Hub: A passive activity zone within the 3-story clubhouse, including a lobby, reception, private corners, library room, meeting rooms, co-working area, and living lounge.

• Social Club & Sport Hub: Spaces for private dining and a kids’ room, along with indoor fitness facilities such as a fully equipped gym with pool views, yoga studio, boxing gym, and rock climbing area.

• Others: Additional facilities and safety features, including smart lockers, underground parking, EV chargers, motorcycle parking, and a future community mall at the project’s entrance for enhanced convenience and diverse lifestyles.

Exploring Arise Vibe (Phuket-Thalang) Rooms that Designed for Every needs

The rooms at Arise Vibe (Phuket-Thalang) are thoughtfully designed to prioritize needs and comfort, with sizes ranging from 25.85-91.62 sqm.

• Studio (25.85-26.29 sqm): Functional zoning with clear separation, a closed kitchen connected to the balcony for effective ventilation, allowing cooking without worrying about odors. The bedroom is divided by sliding glass doors for privacy.

• 1-Bedroom (31.55-34.59 sqm): Focused on maximizing usable space, featuring a spacious living area that comfortably fits a sofa and dining table. The bedroom is large enough to accommodate a big bed, with space near the window for a work/reading desk or a sofa for a cozy seating area.

• 1-Bedroom Plus (38.81-42.90 sqm): Clearly separated spaces for living room, dining, and bedroom. The open kitchen at the front is spacious and convenient for cooking. A multipurpose room can be adapted for various uses, such as a home office, study, or exercise room.

• 2-Bedroom (58.38-73.03 sqm): Wide layout allowing natural light and views in every space. Both bedrooms are spacious, fully functional, and comfortably fit king-size beds. The living area features an open-plan design connecting the relaxation and dining areas. The front L-shaped open kitchen includes a dining table for four. The bathroom has dual entrances, ensuring convenience for guests.

• 2-Bedroom Plus (77.56-91.62 sqm): Wide layout with clearly separated functional spaces. The design allows natural light to fill the entire room. The spacious living area connects seamlessly to a large balcony. The sizable multipurpose room can be adapted for various uses, such as a home office, reading room, or a small bedroom.

Source : https://www.terrabkk.com/en/articles/207191/arise-vibe-phuket-thalang