Phuket property investment: what our price data shows, what a resale costs in taxes, and what to check before you buy
This page is for buyers who look at a Phuket condo as an investment. It carries no forecast and no promised return: it shows what our own listing sample says about entry prices, how the asking price relates to the official assessed value that drives the Land Office fees, and what a later resale costs in taxes at official rates. Where we have no data — rents, transaction prices, trends — the page says so instead of filling the gap.
A plain-English reading of our open data and of official Thai sources, checked on 15 October 2026. It is not investment, legal or tax advice: confirm the current rates with the Land Office and a licensed lawyer before paying.
Entry prices: what our sample says
The median asking price in our sample is THB 3,780,000 (1,086 listings, 19 April – 20 October 2026); the median per square metre is THB 128,257 per m² (51 current-catalog listings with a floor area, observed 30 April – 6 May 2026). These are asking prices of public listings, not transactions; the sample is condominiums only.
| Bedrooms | Listings | Median asking price | Range in the sample |
|---|---|---|---|
| Studio | 104 | THB 3,275,000 | THB 1,526,316 – THB 9,202,200 |
| 1 bedroom | 705 | THB 2,967,300 | THB 1,490,000 – THB 30,000,000 |
| 2 bedrooms | 252 | THB 8,513,158 | THB 1,652,805 – THB 49,199,085 |
| 3 bedrooms | 21 | THB 17,900,000 | THB 4,635,000 – THB 38,430,000 |
| Budget band | Listings | Share of listings | Median asking price |
|---|---|---|---|
| Under THB 3m | 430 | 39.6% | THB 2,390,000 |
| THB 3m to <5m | 275 | 25.3% | THB 3,961,000 |
| THB 5m to <10m | 253 | 23.3% | THB 6,940,000 |
| THB 10m to <20m | 102 | 9.4% | THB 12,995,000 |
| THB 20m and above | 26 | 2.4% | THB 24,734,736 |
A price far outside the range of its bedroom type is a question to ask, not a bargain to grab — the full breakdown by bedrooms × budget band and by district is on Phuket property prices for buyers.
Asking price against the official assessed value
The official assessed value is what the Treasury Department's statutory rates give a unit for registration; the Land Office transfer fee is 2% of it, while the seller's taxes are charged on the sale price or the assessed value, whichever is higher (Department of Lands fee table). Our island-wide median asking price per m² against the six Treasury medians, Phuket, data of 14 August 2024:
| District | Use category | Median assessed value | Asking ÷ assessed |
|---|---|---|---|
| Mueang Phuket | Residential unit | THB 40,500 per m² | 3.2 × |
| Kathu | Residential unit | THB 42,000 per m² | 3.1 × |
| Thalang | Residential unit | THB 36,750 per m² | 3.5 × |
| Mueang Phuket | Holiday-residential unit | THB 53,500 per m² | 2.4 × |
| Kathu | Holiday-residential unit | THB 64,500 per m² | 2.0 × |
| Thalang | Holiday-residential unit | THB 70,500 per m² | 1.8 × |
Official statutory assessment-rate table records; not physical units, asking prices, transaction prices, market valuations, current inventory or tax bills.
The two numbers measure different things — an asking price asked by sellers of 51 listings and a statutory rate per building across 1,573 rate-table records — so the ratio is a scale, not a discount. What it tells an investor: the transfer fee is charged on the smaller base, the seller's specific business tax or stamp duty and the withholding tax on the larger one; and a seller's promise that a unit is “below market” can be checked against both the sample above and the official rate of that very building in our table of Phuket condominium assessment rates.
What a resale costs in taxes
The same official rates that apply when you buy apply when you sell; the five-year rule decides which seller's tax it is.
| Payment | Rate | Calculated on | When it applies | Source |
|---|---|---|---|---|
| Specific business tax | 3.3% (3% plus 10% local tax) | the sale price or the assessed value, whichever is higher | The seller's tax when the sale counts as commercial — for example a resale within five years of acquisition — unless an exemption applies | Revenue Department |
| Stamp duty | THB 1 per THB 200 (0.5%) | the sale price or the assessed value, whichever is higher | Charged when specific business tax does not apply | Revenue Department · item 28(b) |
| Withholding income tax | 1% for a company seller | the sale price or the assessed value, whichever is higher | The seller's income tax, collected at registration; for an individual seller the Land Office calculates it from the assessed value with a standard deduction by years of ownership, then the progressive income-tax rates | Revenue Department · individual method |
| Transfer fee | 2% | the official assessed value of the unit | Who pays is agreed in the sale contract | DOL |
Worked example: selling at our median asking price
Take a unit sold at our overall median asking price of THB 3,780,000 (1,086 listings, 19 April – 20 October 2026), assuming the price is the higher of the two bases:
- Sold within five years (unless an exemption applies): specific business tax 3.3% = THB 124,740; no stamp duty.
- Sold later, or exempt: stamp duty 0.5% = THB 18,900.
- The difference at the same price: THB 105,840 — the price of selling early, before any income tax.
- Withholding income tax: 1% = THB 37,800 if the seller is a company; for an individual seller we publish no amount — the Land Office calculates it from the assessed value and the years of ownership.
- Transfer fee: 2% of the assessed value, which is usually lower than the asking price — see the worked example on the costs page; who pays it is a clause of the sale contract.
What else an owner pays while holding: the annual land and building tax on the assessed value, at local rates within statutory ceilings — no more than 0.3% for residential use (Land and Buildings Tax Act, Fiscal Policy Office translation); the common-area fee and the one-off sinking fund set by the condominium juristic person — get both in writing, we publish no figures. A leasehold unit is different again: the Land Office registers a lease for at most 30 years and a longer term is cut to 30 (Department of Lands: lease registration guide, PDF in Thai), so what a later buyer acquires is the lease for its remaining registered term.
Who pays which item between buyer and seller is a matter of the sale contract: the Department of Lands names the seller as the payer of specific business tax and withholding tax, and its fee table does not assign the transfer fee to either party.
Promises to check against data
Four things a buyer hears in Phuket, and what in the data to hold them against.
- “A fixed return of so many percent for so many years.” A fixed-return offer is a contract with the seller, and its cost is inside the unit's price. Check the asking price per m² against our sample and against the official assessed rate of the building; ask who pays the common fee and the tax during the programme and what the unit earns after it ends. We publish no rental figures — our rental sample is not published — so no yield number on this site can be quoted back to you; a yield without its rent and its price base is not data.
- “Prices rise every year.” Our sample is asking prices of listings observed over 19 April – 20 October 2026, not transactions, and it cannot show a trend. A growth figure needs transaction data by one method over years; until you see that source, treat the figure as a claim.
- “Below market price.” Put the unit against the median and the range of its bedroom type above and against the share of listings in its budget band. If the price is far below the range, ask why — title, quota, debt, the building — before you ask how fast you can pay.
- “Fees are two percent of the price.” The transfer fee is 2% of the official assessed value, not of the price; the seller's specific business tax or stamp duty and the withholding tax are charged on the higher of price and assessed value. Who pays which item is written in the sale contract, not in the fee table.
What a foreigner may own at all — a condominium unit within the 49% quota, and why land and villas come through other structures — is on Can foreigners buy property in Phuket?.
Investor's checklist
- The assessment notice. Ask the seller for the unit's latest official assessment notice — it previews the transfer fee and the tax bases.
- The seller's status and date of purchase. A company seller or a resale within five years of acquisition means specific business tax unless exempt.
- The building's rules on letting. The condominium regulations and the juristic person's position on short-term letting, in writing, before you count on rental income.
- The running costs in writing. Common-area fee, sinking fund, the annual land and building tax of the unit.
- The exit. The resale rates above at the price you hope for, and the remaining registered term if the unit is leasehold.
- The money trail and a lawyer of your own. Bring the price into Thailand as foreign currency with the bank's evidence (the Land Office checks it for a foreign buyer) and have a licensed lawyer who works for you read the reservation and sale agreements before any deposit.
Get 3 condos matched to your budget
Tell us your budget and a district: our agent in Phuket sends three condos with their asking prices, floor plans and the documents to check. We send listings and documents, not return forecasts. We reply within a day, in English or Russian.
Questions and answers
Is a Phuket condo a good investment?
We do not rate it, and this page makes no forecast. What you can check: the entry price against our sample's median and range for the bedroom type, the asking price per m² against the official assessed rate of the building, the resale taxes at official rates, and the running costs in writing. A decision built on those is yours; a decision built on a promised return is the seller's.
What rental yield can I expect?
We publish no yield figure: our rental sample is not published, and a yield without the rent, the price and the costs behind it is not data. Ask the seller for the unit's rental history with contracts, and compare the rent with the asking rents of comparable units in the same building before you believe a percentage.
What taxes do I pay when I sell?
When you sell, the seller's taxes apply: specific business tax of 3.3% of the sale price or the assessed value, whichever is higher — on our median asking price that is THB 124,740 — when the sale counts as commercial, for example a resale within five years of acquisition, unless an exemption applies; otherwise stamp duty of 0.5% (THB 18,900 on the same price). The seller's withholding income tax is collected at registration: 1% for a company seller, and for an individual seller the Land Office calculates it from the assessed value with a standard deduction by years of ownership.
Can I resell to another foreign buyer?
Yes, a condominium unit can be transferred to a foreigner who qualifies under Section 19 of the Condominium Act, and the Land Office checks the building's foreign-ownership share against the 49% floor-area quota at every transfer to a foreigner — so the quota of the building at the time of your sale matters, not only at the time of your purchase.
What does owning cost each year?
The annual land and building tax — whoever owns the property on 1 January pays it, on the official assessed value, at local rates within statutory ceilings (no more than 0.3% for residential use) — and the common-area fee and the sinking fund set by the condominium juristic person. We publish no schedule — ask the municipality and the juristic person.
Where to go next
- Phuket property prices — the same sample by budget band, bedrooms and district.
- The cost of buying a condo in Phuket — the four Land Office payments with a worked example on the purchase.
- Can foreigners buy property in Phuket? — the condominium quota, land and villas, a checklist.
- Phuket areas for buyers — nine areas: prices where the sample allows, beaches, calm months, checked projects.
- Phuket condo projects — a fact-checked directory of the complexes with a Russian card; no listings.
- Phuket condominium assessment rates — official assessment rates by building.
Sources
Official sources, checked on 15 October 2026:
- Department of Lands: fees, taxes and duties at registration (in Thai): the registration fees, specific business tax, stamp duty and withholding tax collected when a sale or a lease is registered.
- Revenue Department: specific business tax on the sale of immovable property (in Thai): which sales are taxable, the five-year rule and its exemptions, the rate and the base.
- Revenue Department: stamp duty on the sale of immovable property (in Thai) and the Stamp Duty Schedule, item 28(b) (in English): the rate, the base and the exemption when specific business tax applies.
- Revenue Department: withholding income tax on the sale of immovable property (individual seller) (in Thai): the method — calculated from the assessed value with a standard deduction by years of ownership, then the progressive income-tax rates; and the company-seller page (in Thai): 1% of the sale price or the assessed value, whichever is higher.
- Fiscal Policy Office: Land and Buildings Tax Act B.E. 2562 (2019) (PDF, English translation): Sections 9, 35, 37 and 41 — the taxpayer, the tax base, the statutory ceilings and the principal-residence exemption; sections read on 16 October 2026. The translation is unofficial; the Thai text as published in the Gazette is authoritative.
- Condominium Act B.E. 2522 (1979), as published by the Department of Lands (PDF, in Thai): Sections 19, 19 bis, 19 ter and 19 quater — who may own a unit as a foreigner, the 49% floor-area quota and the evidence shown at the transfer.
- Department of Lands: lease registration guide (PDF, in Thai): a lease is registered for at most 30 years, and a lease of more than three years must be in writing and registered.
- Thai Treasury Department: statutory condominium assessment rates for Phuket — data of 14 August 2024 — as published by this site (medians by district and use category, with the source extract and provenance).
- Our data: Phuket condo asking prices (methodology and downloads; the figures on this page come from this JSON file) and official Phuket condominium assessment rates (Thai Treasury Department data, not market prices).
Last checked: 15 October 2026. Rates and rules change: confirm the current rates with the Land Office and a licensed lawyer before paying. We publish no rental or transaction data and make no forecast.
Russian version: Инвестиции в недвижимость Пхукета.
This page reads our open data and official sources in plain English; it is not investment, legal or tax advice. Confirm the current rates with the Land Office and a licensed lawyer before paying.