Phuket is becoming an even bigger magnet for foreign investors who enter the luxury real estate market. Developers are developing megaprojects, as they see a great tourist potential in Phuket. In 2022, 5,628,483 Thai and foreign tourists visited the island (including 3,320,217 foreigners).
Phuket is called a “beautiful pearl” The Andaman Sea. Now it is one of the favorite places of tourists and an attractive area for investors, which brings high profitability. According to forecasts, domestic and foreign tourists will bring about 2.4 trillion baht ($72.5 billion) to the country in 2023.
According to experts, Phuket is a popular world-class destination for tourists due to its good infrastructure, excellent location and the presence of famous beaches such as Kamala, famous for excellent restaurants and nightclubs for a first-class lifestyle. There are all prerequisites for the fact that many premium segment projects will appear on the Phuket market.
Phuket's reputation as a global resort will be further strengthened thanks to the implementation of major infrastructure projects, for example, the opening of the third terminal of Phuket International Airport. It will be able to receive up to 25 million passengers a year. In addition, it is planned to build a light rail transport that will start running from Tha Nun Railway Station in Phang Nga Province to Chalong Ha Yaek and Chalong Pier.