Phuket Condo Supply to Moderate to 6,000 Units in 2026

Quick answer

Colliers Thailand forecasts 6,000 to 8,000 new condominium units in Phuket in 2026, after nearly 25,000 units were launched across 2024 and 2025. The slowdown can reduce pressure from brand-new competing stock, but it does not make every project scarce. Buyers still need to compare location, construction progress, unit mix, rental rules and the developer’s remaining inventory.

Phuket’s condominium market is changing pace, not stopping. For a buyer arriving in 2026, the useful question is no longer simply whether there is too much supply on the island. It is whether a specific project will compete against a large group of nearly identical units when it is completed and ready to rent or resell.

Colliers Thailand data reported by Asia Property Awards puts the coming year’s new condominium supply at 6,000 to 8,000 units. That follows a two-year surge of nearly 25,000 units in 2024 and 2025. The same Colliers dataset records 45,066 newly launched residential units across Phuket between 2021 and 2025, with total investment value of THB 469.72 billion.

Those figures describe new launches, not all homes available for sale, not completed transfers, and not rental occupancy. That distinction matters. A launch forecast is a forward-looking measure of development activity. A buyer deciding between two units still needs project-level evidence.

What does the 6,000-8,000 unit forecast actually measure?

The forecast refers to new condominium supply expected to launch in Phuket during 2026. It is a range, not a promise that exactly 6,000 or 8,000 homes will be delivered in the same calendar year. Developers can alter launch schedules, phase a project, change unit counts or delay construction in response to sales conditions and permits.

The figure should therefore be used as market context. It suggests a slower flow of new condo launches than the prior surge. It does not show how many completed units are vacant, how much stock is held by investors, or how many owners will list for resale at the same time.

Market measure	Reported figure	How a buyer should read it
Residential units launched, 2021-2025	45,066	A broad measure of development activity across five years
Residential investment value, 2021-2025	THB 469.72 billion	The value attributed to those launches, not a price guide for one unit
Condo supply forecast for 2026	6,000-8,000 units	Expected new launches, not guaranteed completions or demand
Launches across 2024-2025	Nearly 25,000 units	The reference point that makes the 2026 forecast a moderation

The Thaiger’s report on Phuket property demand also cites this supply context. It is useful because supply and enquiry data should not be read separately. Demand can be strong at an island level while one bedroom layouts in one district compete heavily with each other.

Why is the supply pipeline moderating in 2026?

The source material does not assign a single cause. A sensible reading is that developers are moving from an exceptional launch period into a more measured pipeline. Phuket’s recent development cycle attracted national and local developers, while high land costs and limited beachfront sites have made site selection more selective.

Moderation is not the same as a market correction. A lower number of launches can occur while prices, construction costs, land prices and demand all move in different directions. It also does not mean developers have stopped building. Projects announced earlier may still be under construction, and their remaining units can be direct competition for a new purchase.

For buyers, the important practical implication is this: fewer new launches may make a well-positioned project easier to distinguish, but a weak project can still struggle. If ten buildings offer the same small furnished unit, a lower island-wide launch count will not automatically solve the rental or resale competition inside that cluster.

Does a smaller launch pipeline mean Phuket condos are becoming scarce?

No. The 6,000 to 8,000 forecast means new supply is expected to be lower than the preceding surge. It is not proof of scarcity in every district, price range or unit type.

Scarcity is local. A completed two-bedroom near established amenities may face a different supply picture from an off-plan studio several kilometres inland. A condominium with a credible management structure can have a different rental market from a residential building where short stays are restricted by the juristic person’s rules.

Before treating a sales claim about “limited supply” as evidence, ask the seller to define the comparison:

1. Limited compared with which district?
2. Limited compared with which unit type and size?
3. Limited among new launches, completed units, or resale listings?
4. Limited for owner-occupiers, long-stay tenants, or short-stay guests?

Those questions do not make a project less attractive. They make the claim testable.

Which Phuket locations are likely to stay competitive?

Colliers identifies Bang Tao, Cherng Talay, Rawai, Kata, Karon and Phuket Town as key locations in the 2026 supply outlook. That list should not be treated as a ranking. Each area serves different buyers, tenants and daily routines.

Bang Tao and Cherng Talay have become major launch areas, so buyers should expect strong choice as well as competition. Rawai offers a different lifestyle and tenant profile. Kata and Karon have their own tourism-oriented markets. Phuket Town serves a more urban setting. A buyer should compare projects within the same micro-market before comparing them across the island.

Buyer question	Evidence to request	Why it matters
Who is the likely end user?	Unit mix, nearby services, rental history where available	A holiday buyer, family tenant and remote worker may choose differently
What will complete nearby?	Developer site plan and disclosed neighbouring projects	Future buildings can affect views, noise and competing inventory
Is the price comparable?	Price per square metre for similar units in the same micro-market	Island-wide averages can hide large location differences
How will the unit be operated?	Management agreement, fees and rental-period rules	The operating model affects actual use and legal suitability
What remains unsold?	Current developer availability list by unit type	Unsold stock can shape later resale competition

How should an off-plan buyer use the 2026 supply data?

Use it as one input to a project comparison sheet. Do not use it as a shortcut to a purchase decision.

Start with the developer’s current availability list, not the original launch brochure. It should show which layouts remain, whether the best-facing units are still available and how much similar stock may be released in later phases. Then ask for the construction schedule, building permits and the contract’s treatment of delays, changes and handover.

Next, compare price per square metre only with genuinely similar units. A sea-view unit, a ground-floor unit, a unit facing a pool and a unit facing a road are not interchangeable. The same applies to furnished packages, parking, storage, management fees and common-area facilities.

Finally, separate a lifestyle decision from an investment assumption. A buyer may rationally pay for a location they will use personally. That is different from assuming the unit will achieve a specific resale gain or rental return. Neither the Colliers supply forecast nor a developer brochure guarantees either outcome.

What should buyers inspect before reserving a Phuket condo?

An inspection trip should turn broad market data into project-specific answers. Take the following checklist to each site visit and ask for written documents where possible.

Buyer and inspection-trip checklist

• Visit the site at more than one time of day to assess traffic, noise, sun exposure and construction activity.
• Confirm the exact building, floor, stack, orientation and view corridor for the proposed unit.
• Request the current availability list, not only a marketing plan showing sold labels.
• Ask what projects, roads or commercial uses are planned on adjacent land.
• Review the developer’s construction timetable and the contract clauses for completion and handover.
• Read the maintenance fee, sinking-fund contribution and all listed furnishing or management charges.
• Ask whether the building has a rental programme, what it covers and whether participation is optional.
• Review juristic-person rules for rental periods and unit use before relying on any rental scenario.
• Check the foreign freehold quota status if that ownership route matters to you.
• Have an independent Thai lawyer review the reservation and sale documents before signing.

What is the practical takeaway for 2026 buyers?

The new-supply forecast is directionally helpful. It says Phuket’s launch pipeline is expected to be less intense than the 2024-2025 surge. That can improve the backdrop for disciplined projects, particularly where the product, location and operating model are clearly differentiated.

It is not a reason to assume every launch will have limited competition. The more useful approach is to map your unit against its real alternatives: nearby new builds, completed projects, developer-held stock and likely resale units at handover. MORE Group can help foreign buyers organise that comparison during an inspection trip, but the final decision should rest on documents, site observations and independent legal advice.

Frequently asked questions

How many new Phuket condos are forecast to launch in 2026?

Colliers Thailand forecasts 6,000 to 8,000 new condominium units in Phuket in 2026. This is a forecast of new supply, not a count of all homes for sale or all completed units.

How does this compare with recent Phuket supply?

The forecast follows nearly 25,000 condominium units launched across 2024 and 2025, according to the Colliers figures reported by Asia Property Awards. It therefore signals moderation after a high-launch period.

Does lower supply guarantee higher Phuket condo prices?

No. Pricing is affected by location, product quality, land cost, buyer demand, financing, competing stock and project execution. A lower launch forecast alone cannot guarantee a price outcome.

Is Bang Tao the only area to consider in 2026?

No. Colliers identifies Bang Tao, Cherng Talay, Rawai, Kata, Karon and Phuket Town as key locations in the supply outlook. The right area depends on how you will use the property and who the likely tenant or future buyer will be.

What documents should I ask for before reserving an off-plan unit?

Ask for the sale contract, current availability list, construction schedule, fee schedule, rental and building-use rules, and foreign quota information where relevant. Arrange independent legal review before signing.

Frequently Asked Questions

How many new Phuket condos are forecast to launch in 2026? +

Colliers Thailand forecasts 6,000 to 8,000 new condominium units in Phuket in 2026. This is a forecast of new supply, not a count of all homes for sale or all completed units.

How does this compare with recent Phuket supply? +

The forecast follows nearly 25,000 condominium units launched across 2024 and 2025, according to Colliers figures reported by Asia Property Awards.

Does lower supply guarantee higher Phuket condo prices? +

No. Pricing is affected by location, product quality, land cost, buyer demand, financing, competing stock, and project execution. A lower launch forecast alone cannot guarantee a price outcome.

Is Bang Tao the only area to consider in 2026? +

No. Colliers identifies Bang Tao, Cherng Talay, Rawai, Kata, Karon, and Phuket Town as key locations in the supply outlook. The right area depends on how you will use the property.

What documents should I ask for before reserving an off-plan unit? +

Ask for the sale contract, current availability list, construction schedule, fee schedule, rental and building-use rules, and foreign quota information where relevant. Arrange independent legal review before signing.