Phuket Property: Green living condo town
PHUKET: Rising demand for residential properties in Phuket is being driven by both locals and tourists, evidenced in the rapid growth in both Phuket Town and beach-side areas.
Sam Kong is a popular residential neighborhood where there are a number of property projects under construction, including both houses and condominiums.
One such project, the Green Place Condominium by local developer Phanason, is a prime example of this trend.
Located on Eakwanit-Sam Kong Road, the development is strategically located in what is rapidly becoming the residential center of Phuket Town, situated only five minutes from Surakul Stadium (click here for map) and a similar distance from the Sam Kong community.
This multiple-building condo project is valued at about 2 billion baht and will cover an area of more than 28 rai. Units in the second phase are now available for sale, with prices starting at 1.4 million baht. Financing is available and with a 10,000 baht down-deposit, the rooms come fully-furnished.
Phanason Marketing Manager Ms Cheurchan Panvikarn told the Phuket Gazette:
“With the success of 17 previous house and condominium projects in Phuket, the company has decided to develop The Green Place Condominium to meet the demand for town living.
“This project is located in Sam Kong which is surrounded by many important destinations for convenient shopping and entertainment options. The company is focusing mostly on Thai customers, with about 70% of current tenants being Thais.
“We also offer rental management with [an annual] return on investment for the customer projected at of 6% for an initial three year period,” she added.
The Green Place Condominium consists of eight phases, each building comprising eight floors, with 1,407 units in total.
Unit sizes range from 36 to 160sqm with prices starting from 1.4 million baht. The modern luxury rooms come in four styles, including a studio (36sqm), a superior (starting from 55 sqm),1-bedroom with balcony (starting from 70 sqm), two-bedroom units with balcony – sized from 95sqm – and suites with three bedrooms starting from 165 sqm.
Construction of the third building is currently underway and the second phase is completely finished, with units now available for sale and occupancy.
The project has a full range of amenities including a lobby, a club house, pool and relaxation area, fitness facilities including tennis courts, playground and a health park. The project also has 24-hour CCTV and a safety key card for secure access.
For more information, contact Phanason the Green Place Condominium on Eakwanit Sam Kong Road; available 9am-6pm every day. Tel 076-217 849 or visit phanason.com.
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Thailand Property FAQ
Can foreigners buy property in Thailand?
Yes. Foreigners can own condominium units freehold, as long as foreign buyers hold no more than 49% of the building's saleable area. Land cannot be owned directly by foreigners; houses are usually held through a 30-year lease — and since a March 2025 Supreme Court ruling, automatic “30+30+30” renewal structures are not enforceable beyond the first 30 years. Read the full foreign-ownership guide.
What is Thailand's 49% foreign quota?
In any condominium project, no more than 49% of the total saleable floor area can be foreign-owned. The quota applies only to condos — not houses, land or leaseholds — and popular buildings in Bangkok, Phuket and Pattaya can hit the cap. How the quota works in practice.
How much are property transfer fees in 2026?
The transfer registration fee is cut to 0.01% (from the standard 2%) and the mortgage registration fee to 0.01% (from 1%) for purchases where both the price and assessed value are 7 million baht or less — extended by the Cabinet on June 30, 2026. On a 6-million-baht home that saves around 120,000 baht. Who qualifies for the cut · Standard fees & who pays what.
Is it better to rent or buy in Thailand as an expat?
It mostly depends on your time horizon: for stays under roughly five years renting usually wins once transfer costs and resale friction are counted, while longer stays can favour buying — especially with 2026's reduced fees. The rent-vs-buy maths for expats.
How much does property cost in Thailand?
A little over 2 million baht buys a freehold one-bedroom condo in central Chiang Mai — the same budget covers only a studio in Bangkok's CBD. Prices vary sharply by region and city. Average prices by region, and what they buy you.
What taxes do property owners pay in Thailand?
Owners pay the annual land and building tax, and rental income is taxable; buyers and sellers split one-off costs like transfer fees, stamp duty or specific business tax depending on the deal. The go-to guide to Thai property taxes.
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