The market for mid- to high-end condominiums and vacation homes has gained significant momentum, driven by tourism recovery and strong foreign investor demand. The market reached a new milestone with the highest recorded sale price of 449 million baht ($14 million) per unit. Condominium Market MomentumThe island’s condominium market currently offers 876 units valued at 3.66 billion baht, concentrated primarily in Chaweng, Bophut, and Lamai. A new Chinese-developed project in Bophut has achieved 72.93% sales of its 218 units, with foreign buyers purchasing entire buildings. “Two additional condominium projects will launch in the second half, adding 276 new units for the year,” Phattarachai noted.