Phuket Condo Resale Mid-2026: Which Areas Lead Growth
Kamala 1-bedroom condos are up 14% from 2024 entry prices and Rawai resale liquidity has improved sharply. Here is what the mid-2026 data shows by area.
The Phuket condo resale market in mid-2026 is telling two different stories depending on location. Areas that attracted strong off-plan buying in 2022 and 2023 are now seeing those units come to market, creating both opportunity and competition. Areas that were quieter during the off-plan boom are showing tighter supply and stronger price appreciation.
The clearest example of the latter is Kamala. The district sits between Patong and Surin on Phuket’s west coast and has historically seen less development volume than either of its neighbors. That relative under-supply, combined with a significant increase in international buyer interest over the past 18 months, has pushed resale prices for 1-bedroom units sharply higher.
Kamala: 14% above 2024 entry prices
Resale condos in Kamala’s most active price band, THB 3.5 to THB 6.5 million for a 1-bedroom unit between 35 and 55 square meters, are now transacting at prices roughly 14% above what the same units sold for when launched or resold in 2024. The appreciation has been driven by a combination of factors: limited new project launches in the district over the past two years, rising Surin spillover demand, and the headland’s reputation among European buyers for offering a quieter lifestyle than Patong.
Kamala resale units in this range typically rent at THB 18,000 to THB 28,000 per month, producing yields of 6% to 7.5% at current transaction prices.
Rawai: liquidity has returned
Rawai presents a different but positive picture. The market here was slower to attract foreign buyers compared to the western coast, and units that came to market between 2020 and 2022 often sat for extended periods. That has changed significantly through 2025 and into 2026.
Average transaction times in Rawai dropped from seven to eight months in 2022 to roughly three to four months in the first half of 2026. Part of this reflects genuine demand growth from longer-term residents, digital professionals on LTR visas, and retirees who value Rawai’s proximity to Chalong Bay, local markets, and medical facilities. Part of it reflects improved pricing by sellers who have adjusted expectations to current market rates rather than 2019 peaks.
Average resale prices in Rawai for 1-bedroom condos currently sit around THB 3.2 to THB 4.8 million, representing appreciation of roughly 8 to 9% from 2024 levels. Less dramatic than Kamala, but healthier than the flat or slightly negative trajectory seen in some parts of the east coast.
Areas showing weaker resale performance
Not all parts of the island are following the same trend. Parts of Karon and central Patong have a surplus of resale inventory coming from investors who bought during 2021 and 2022 and are now exiting. In these areas, some sellers are offering units at or slightly below their original purchase price to achieve a sale within a reasonable timeframe.
Surin continues to attract strong demand but entry prices are now high enough that resale yield compression has become a concern. Buyers in Surin are often paying above THB 7 million for a 1-bedroom unit, which makes achieving a 6% yield difficult without above-market rental rates.
The practical takeaway
The mid-2026 condo resale market in Phuket rewards specificity. Kamala and Rawai are clear standouts this cycle. Buyers willing to focus on those two areas rather than chasing brand-name locations like Surin or Patong are finding better value, stronger yields, and improving resale prospects over a five-year hold. The areas currently showing inventory surplus also offer a buyer’s market for those willing to take on a slightly longer liquidity horizon.
Frequently Asked Questions
Limited new supply combined with spillover demand from Surin and growing interest from European buyers has tightened Kamala's resale market. The district launched fewer new projects between 2022 and 2024 than neighboring Surin or Patong, leaving less resale competition.
Significantly more liquid than in 2022. Average time to sell a well-priced resale condo in Rawai dropped from seven to eight months in 2022 to roughly three to four months in H1 2026.
Parts of central Patong and Karon are seeing surplus inventory from investors who bought in 2021 and 2022 and are now selling, with some units offered at or near their original purchase price.
MORE Group Editorial
Phuket Real Estate Experts
The MORE Group team has helped 500+ European and American buyers purchase property in Thailand. We provide legal support, 0% commission, and on-the-ground expertise with 8 years in the Phuket market.
About MORE Group →Get Your Phuket Property Shortlist
Tell us your budget and goals. Our expert sends a shortlist within 2 hours.
