While the rapid growth is a bonus for developers, there are concerns that city development plans are not keeping pace

Foreign interest in owning a home in Phuket pushed real estate costs to unprecedented heights in 2023, with newly launched sales breaking records and land prices soaring to as much as 25-100 million baht per rai (approximately 1,600 square metres), Phattarachai Taweewong, director of Research and Communications at Colliers International (Thailand), revealed last week.