Battle-hardened Hong Kong investors remain the prime acquisition players in Phuket, with the island a key target despite political turmoil in other parts of Thailand.
David Simister, CB Richard Ellis Thailand chairman, says investors in luxury property developments continue to pour money into the tropical paradise while its fundamentals remain solid.
'Hong Kong-based investors are the major buyers in Phuket,' he says.
'They love Phuket because of the range of developments offered in the market. They are also very knowledgeable about the market, hence are inclined towards purchasing properties there. Compared to other nearby destinations, Phuket is superior in many respects and offers much more compared to, say, Samui or Pattaya.' The island is equipped with excellent infrastructure, an international airport which offers direct flights to many Asian and European destinations, international hospitals and international schools.
'Leisure facilities such as the three marinas and six golf courses on the island also enhance its appeal,' says Mr Simister.
One of the most prestigious Phuket properties CB Richard Ellis is selling is the Layan Estates at the northern end of Bang Tao Beach.