Thailand's luxury villa market hits a historic high, fueled by foreign investment in Phuket.

Thailand's luxury real estate market is booming, with Phuket's villa market hitting a historic high of THB160-170 billion. Botanica Luxury Villas, a local developer, saw record sales of THB1.2 billion and plans to expand, including a THB12-billion mixed-use project near Bang Tao Beach. The surge in demand is driven by Russian and European buyers looking for second homes and investments, aligning with Thailand's goal to become a global luxury destination.

2 months ago
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