n the last quarter of 2008 the upscale luxury villa sector in Phuket outperformed the industry average in the region, with investors still interested in real estate of this kind.
In the Phuket Luxury Villa Market Report recently released by consulting firm C9 Hotelworks, it was discovered that a total of 304 properties priced from THB65 million (USD2 million) and above located within estate developments were for sale at the close of 2008.
2009 is expected to see even more with 367 new projects to be developed.
