Rental demand soars, as Phuket real estate returns to fundamentals

Urban flight has driven Phuket’s once investment-focused property market in an entirely new direction. This seismic shift has resulted in a dramatic return to real estate basics. Focusing on the pandemic era of the past two years, a constant flow of new incoming residents from both abroad and in Bangkok has seen the scales tip, as rental demand has vastly exceeded supply in upscale and luxury properties.

In the backdrop of an inward rush for single-family homes, many developers have exhausted inventory and in the wake of new launches, have sold out at a rapid pace. One prime example is the Trichada branded estates in the prime Laguna-Cherngtalay area. The developer who amassed strong credentials with the successful Sai Taan project followed with three Trichada branded ones.

The group’s brand new project offering that has just come on the market, named Trichada Breeze. With…