Bang Tao and Layan shore in Phuket from the air, low branded residence buildings set back behind the treeline with the beach and the Andaman Sea in front, the pattern most of the island's new supply follows
Photo: the Bang Tao and Layan shore, Phuket
The Coast23 September 202610 min read

Phuket has 35 branded residence schemes. What does that actually tell you?

Fourth in the world on Knight Frank’s count, ahead of London. But 20 of the 35 are pipeline, and that word hides more than it tells. What the number can prove, and what our own register can.

Phuket is the fourth largest branded residence market in the world, with 35 schemes counted by Knight Frank in The Residence Report 2026/27, 15 of them live and 20 still pipeline. That ranking puts the island ahead of London. It is also the number most often misread, and this piece is about how to read it.

35
schemes on Phuket Island15 live, 20 pipeline. Knight Frank, The Residence Report 2026/27
4th
Phuket's rank in the worldLondon is 5th on 30 schemes, Bangkok 10th on 22. Knight Frank, same report
903
schemes worldwide, end of 2025About 1,088 in 2026, nearing 1,800 by 2031. Knight Frank, Global Branded Residence Survey 2026
+40%
flights into Phuket since 2023Bangkok +27%, Dubai -7%. Knight Frank, Global Branded Residence Survey 2026
What a branded residence is

Start with the vocabulary, because almost every misunderstanding on this island begins there. A branded residence is a home developed and run with a hotel or design brand attached, so the building carries that brand’s standards and management after the sale rather than only on the hoarding. On Phuket that covers condominiums, villas and resort estates alike.

Where does Phuket sit in the world?

Fourth in the world on Knight Frank’s count, ahead of London, with the second fastest growth in flights of the ten largest markets.

Read the full explanation

Knight Frank’s The Residence Report 2026/27 counts 35 branded residence schemes on Phuket Island and ranks the island fourth in the world. London, fifth, carries 30. Bangkok, tenth, carries 22. Thailand as a country is fourth by market share and also fourth by pipeline, behind the United States, the United Arab Emirates and Mexico. Those are Knight Frank’s counts, published by that firm, and we have not audited them.

Demand moves with the airport, and the same publisher measures that too. Its Global Branded Residence Survey 2026 records flights into Phuket up 40 per cent since 2023, the second fastest growth among the ten largest markets. Bangkok is up 27 per cent over the same period. Dubai is down 7 per cent.

What does a scheme count actually tell you?

Where the names are. Not where the homes are, and not what is built.

  • 15 live
  • 20 pipeline
Knight Frank's own split of its 35 Phuket schemes, The Residence Report 2026/27. Pipeline means announced and not yet open, and says nothing about what is on the ground.
Read the full explanation

A scheme is one branded project. A count of schemes is therefore a count of names announced, and Knight Frank splits its own 35 into 15 live and 20 pipeline in The Residence Report 2026/27. Pipeline means announced and not yet open. Live means open, and open needs its own section below. A count is also blind to size. A scheme is one project whether it holds ten villas or four hundred apartments, so a rank built on scheme counts says where the names are, not where the homes are. Fourth in the world, ahead of London, is a count of projects and not a count of homes.

What does pipeline hide?

A topped-out building three months from handover and a press release about a plot of land, in the same bucket.

A count of schemes is a count of names announced. It is not a count of buildings you can walk into.

Read the full explanation

Pipeline is the most misleading word in this business, and it is misleading because it is honest about nothing. It holds a topped-out building three months from handover and a press release about a plot of land, in the same bucket, with no way to tell them apart. Twenty of Phuket’s 35 sit there on the report’s own split, and the count does not say which twenty are close.

A worked example, from the Global Branded Residence Survey 2026 table printed in Knight Frank’s The Residence Report 2026/27. That table places Banyan Groupamong the world’s top five brands, with 75 schemes, 33 live and 42 pipeline. Forty-two of seventy-five sounds like a brand arriving everywhere at once. It is a count of announcements. It describes a brand mid-expansion, and it says nothing about whether any one of the forty-two has a hole in the ground, and nothing about any single address.

Is live the safe bucket?

No. Live is measured on the resort, not on the home you are being shown.

Amanpuri above Pansea Beach, Phuket, the 1988 Aman resort whose villas began the branded residence category in Asia
Amanpuri above Pansea Beach: open since 1988, standing on the record, and the estate whose villas began this category in Asia. Photo: Aman
Read the full explanation

Live means open, and open is measured on the scheme, not on the home you are being shown. A branded scheme is counted as live once it is trading, and on a resort estate that can mean the hotel is receiving guests while residences are still being finished, still being handed over, or still being sold from the developer’s remaining stock. Live is the bucket a salesperson will place a project in, because it sounds finished. It says the gate is open. It does not say the specific residence is built, handed over, or ready to change hands.

Our own register can confirm only 6 of its 31 Phuket rows as standing, and some of the rest sit inside resorts that have been trading for years. So the ask is the same as for pipeline: a dated construction or handover fact for that building, not for the resort around it.

Two different questions a supply number gets asked

Is it SOLD?

A sales state: under development, selling, completing, resale. It describes who holds the inventory and how it is being marketed, and says nothing whatever about the ground. Under development is a sales state, despite how it sounds.

Is it BUILT?

A construction state: standing, finishing, building, site works, not started. This is the one you would book a flight on.

Does the brand have to be a hotel?

No. On Knight Frank’s count 23 per cent of Phuket’s schemes carry a non-hotel brand, against 51 per cent in New York.

Read the full explanation

Knight Frank’s Global Branded Residence Survey 2026 puts the share of schemes carrying a non-hotel brand at 23 per cent on Phuket and 23 per cent in Bangkok, against 47 per cent in London and 51 per cent in New York. Globally that firm puts it near 30 per cent in 2025, heading for almost 40 per cent by 2028. A non-hotel brand can be a fashion house, a car maker or a design studio. What changes is who runs the building after handover, which is the question worth putting to any brand.

How we learned this the hard way

A draft of this article counted the wrong field and called walkable estates unbuilt. Nothing went out. Here is the check that catches it, on anyone’s number.

Read the full explanation

Our own register recorded how a project is sold. Until this week it had no field at all for what is built. A draft of this very article used one sales value, resale, as a stand-in for finished, and counted every other row as unbuilt. Three of the rows that came out unbuilt were estates a client could walk this month. Its own next section then explained why that could not be true. We counted the wrong field. Nothing went out.

The check is reproducible, and it works on anyone’s number, not only ours. When a status sounds like a construction fact, ask for the full list of values that field can hold. If the list reads under development, selling, completing, resale, it is a sales field, and nothing in it tells you what is standing, whatever one word in it sounds like.

The register carries a construction field now, and it stays empty unless the record holds dated evidence. Empty means we have not established it. A guess there would be worse than a gap, because it is the field somebody would book a flight on.

What can our register actually prove?

Of 31 Phuket projects above THB 20 million, 6 are confirmed standing, 3 are confirmed not standing, and 22 we have not established either way.

  • 6 confirmed standing
  • 3 confirmed not standing
  • 22 not established either way
Our own register: 31 Phuket projects above THB 20 million across 10 brand groups, counted from the record as you load this page.
An ocean-front residential villa at Trisara, Nai Thon, Phuket, looking out over the Andaman Sea
Trisara at Nai Thon: an established estate, standing on the record and trading between owners. Photo: Trisara
Read the full explanation

Standing means the record establishes that the building exists. It does not mean we have walked it. Only two rows in the whole register carry our completed and inspected state, Angsana Oceanview Residences and Twinpalms Residences MontAzure. A document and a site visit are different things and we keep them visibly apart. Separately, 11 rows are carried as under development, which is the sales state that sounds like a construction one, and it belongs in a different column.

The 6 standing are those two plus Amanpuri Residences at Surin, Trisara at Nai Thon, Sri Panwa at Cape Panwa and COMO Point Yamu at Cape Yamu. On all but one of those we hold no appointed standing, and we claim none.

Which projects are confirmed not standing?

Three, and in every case the evidence is the developer’s own dated progress reporting, not ours.

Developer's own reporting

Banyan Tree Beach Residences Oceanus

Under construction. The developer's own project page of September 2026 describes foundations, structure, roofing and plastering as largely complete, against a stated target of the fourth quarter of 2028.

The Residences at InterContinental Phuket Resort

13 per cent complete overall on PROUD Real Estate's own construction progress page of 28 August 2026.

The Standard Residences, Phuket Bang Tao

Structure 95 per cent, facade 85 per cent, interior 67 per cent on the developer's own August 2026 panel. No handover date is published anywhere we have looked, so we print none.

Computer-generated render of Banyan Tree Beach Residences Oceanus from the air, the four low buildings on the sand of Bang Tao beach with the lagoon behind
Banyan Tree Beach Residences Oceanus, a computer-generated render, which is what pipeline usually looks like. Under construction against a developer target of the fourth quarter of 2028. Render: Banyan Group

The 22 not established is not a list of unbuilt projects. It records the state of our evidence, not the state of the site.

Read the full explanation

The 3 confirmed not standing are Banyan Tree Beach Residences Oceanus, The Residences at InterContinental Phuket Resort and The Standard Residences, Phuket Bang Tao. The 22 we have not established are the honest measure of how much of our own register we have actually confirmed, and the column is not a list of unbuilt projects. It holds Layan Residences by Anantara, an established villa estate above Layan Beach that our register carries as selling. It holds Kiara Reserve Residences, which its developer’s website called in its final phase in August 2026. That is a sales phrase, our sister piece on completed against off-plan repeats it, and we have not matched it to a dated construction fact of our own.

And it holds PEYLAA Phuket, Autograph Collection Residences, announced in March 2026 and carried as under development. An estate a client can walk, a project in its final phase and a launch from this spring all sit in one column, because the column records the state of our evidence, not the state of the site.

Why you cannot subtract one count from the other

Two sets, counted under two rules for two purposes. Ours is not a census and not a subset of theirs.

Read the full explanation

Knight Frank counted 35 schemes on the island under its own rules. We record 31 above a THB 20 million floor, under ours. Two different sets, counted for two different purposes. Ours is not a census and not a subset of theirs, so never subtract one from the other.

What does branded space cost per square metre here?

Converted from Knight Frank’s per-square-foot bands at 10.7639 square feet to the metre. The ranges are theirs. The conversion is ours.

US$5,400 to 7,000
Phuket Island, per sqmConverted by Embark from Knight Frank's US$500 to 650 per sq ft, The Residence Report 2026/27. Covers about 80 per cent of prime transactions; the top fifth sits above the band
US$7,000 to 8,300
Bangkok, per sqmConverted from Knight Frank's US$650 to 775 per sq ft, same report
US$17,200 to 29,100
Marbella, per sqmConverted from Knight Frank's US$1,600 to 2,700 per sq ft, same report
US$43,000 to 75,000
London, per sqmConverted from Knight Frank's US$4,000 to 7,000 per sq ft. New York US$43,000 to 64,600, same report
Read the full explanation

Thailand is a metric market, so everything above is in square metres. Knight Frank publishes per square foot, and we have converted at 10.7639 square feet to the square metre. The ranges are theirs, dated to The Residence Report 2026/27. The conversion is ours.

This site already publishes a Phuket figure from the opposite direction. Branded condominiums on the island average THB 197,745 per square metre, attributed to C9 Hotelworks and published January 2026, on our register. Put the two side by side and ask of each what it covers. One is an average, of branded condominiums only. The other is a range, which Knight Frank states in The Residence Report 2026/27 covers approximately 80 per cent of prime transactions, with the top of the market cut off. Different populations, different methods, and neither contradicts the other. That is what consistent means here, and it is all it means.

We will not multiply one by an exchange rate to line them up. We cannot source a rate we would stand behind, and Knight Frank states its own currency conversions as at 1 August 2026. Two readings that agree in direction beat one false equals sign.

The footnote that matters more than the numbers

Knight Frank’s bands cover about 80 per cent of prime transactions. On Phuket the missing fifth is the beachfront villa market, which is the part most buyers arrive asking about.

Read the full explanation

Knight Frank states in The Residence Report 2026/27 that its price ranges cover approximately 80 per cent of prime transactions. The excluded fifth is the top of each market, which sits above the published band. On Phuket that excluded fifth is essentially the beachfront villa market, which is exactly the part of the island most international buyers arrive asking about.

So a published range describes the middle of a market, not its ceiling. Asking which slice of a market a number covers is most of what separates a reader from a target. The instruction that follows: if you are shopping the part of the market the band excludes, expect figures above it, and if anyone quotes the Phuket band at you against a beachfront villa, the wrong band is being used on you.

What should you ask before buying off-plan?

Six questions, in writing, and none of them about the finishes.

  1. Which field is that answer from. When you are told a project is on track, ask whether that describes the sale or the site, and ask for the construction percentage with the date it was measured.
  2. Where the deposits sit. Escrow, a developer account, or released against verified construction progress. Three very different levels of protection.
  3. Which entity signs. The project company named on your contract, rather than the group name on the brochure.
  4. What happens contractually if completion moves. In the document, not in the meeting. Completion dates on this island move.
  5. The foreign freehold quota for your specific unit.The quota is 49 per cent of a building’s sellable area rather than 49 per cent of its units, so large residences consume it faster.
  6. The running costs on that residence. Service charge and sinking fund on your unit, not the project average.

Take the papers to independent Thai counsel before any money moves. The fuller version of this decision, completed against off-plan, is set out in our piece on buying something that exists or something that is promised.

Where we stand, and what to do next

Embark Estate is an appointed sales agency for Banyan Group and for PROUD Real Estate, appointed in writing and named alongside other agencies rather than as sole agent, across 15 rows of the register. On the remaining 16 we hold no appointed standing and work for buyers only. That includes all but one of the standing projects named above.

If you want this island read rather than pitched, tell us the budget, the shore and whether you need to move in or can wait. We will tell you which projects our register can prove are standing, which are confirmed not standing and on what dated evidence, and where the honest answer is that we have not established it yet. Start with the register, or ask us directly.

Disclaimer on the Knight Frank figures. The scheme counts, rankings, flight growth, brand shares and price ranges credited above to Knight Frank are that firm’s own published research, from The Residence Report 2026/27 and the Global Branded Residence Survey 2026. They are Knight Frank’s figures and not Embark’s, and we have not audited them.

The per-square-metre figures are our conversions of Knight Frank’s published per-square-foot ranges, computed at 10.7639 square feet to the square metre; Knight Frank states its own currency conversions as at 1 August 2026. Every count drawn from Embark’s own register is marked in the text as ours. The THB 197,745 per square metre average is attributed to C9 Hotelworks, published January 2026. General information as of 23 September 2026, not legal, tax or investment advice.

Common questions

How many branded residences are there on Phuket?

Knight Frank counts 35 branded residence schemes on Phuket Island in The Residence Report 2026/27, split into 15 live and 20 pipeline, which makes Phuket the fourth largest branded residence market in the world, ahead of London on 30 and well ahead of Bangkok on 22. Thailand as a country ranks fourth by market share and fourth by pipeline, behind the United States, the United Arab Emirates and Mexico. Those are Knight Frank's own published counts and not ours. Embark's separate register, which is not a census, records 31 Phuket projects above a THB 20 million floor across 10 brand groups. The two sets are counted under different rules for different purposes, so one should never be subtracted from the other.

What does pipeline mean in a branded residence report?

Pipeline means a scheme has been announced and is not yet open. That is all it means. It covers a building that topped out last year and hands over in three months, and it equally covers a press release about a plot of land where nothing has been cleared, and the word does not distinguish between them. On Knight Frank's split, 20 of Phuket's 35 schemes sit in that bucket. This is why a scheme count cannot tell you what is built: it is a count of names announced, not of buildings you can walk into. When a salesperson quotes a pipeline number at you, ask which part of it they mean, and ask for a construction percentage with the date it was measured.

How many Phuket branded residences are actually built?

Embark's register records 6 Phuket projects as confirmed standing, 3 as confirmed not standing, and 22 that we have not established either way, out of 31 above THB 20 million. Separately 11 are carried as under development, which is a sales state rather than a construction one. Standing means the record establishes that the building exists; it does not mean we have walked it. Only two rows in the whole register carry our completed and inspected state, Angsana Oceanview Residences and Twinpalms Residences MontAzure. The register stops at THB 20 million and is not an island census, so it does not answer the question for Phuket as a whole, only for the projects it covers.

How much does a branded residence cost per square metre on Phuket?

Two published sources point the same way. Knight Frank's The Residence Report 2026/27 puts Phuket Island at US$500 to US$650 per square foot, which converts to about US$5,400 to US$7,000 per square metre at 10.7639 square feet to the square metre; the range is Knight Frank's and the conversion is ours. Bangkok is about US$7,000 to US$8,300 per square metre on the same basis, Marbella about US$17,200 to US$29,100, London about US$43,000 to US$75,000 and New York about US$43,000 to US$64,600. Separately, C9 Hotelworks published a Phuket branded condominium average of THB 197,745 per square metre in January 2026. The two are different objects, an average of branded condominiums and a range covering approximately 80 per cent of prime transactions, and neither contradicts the other. We do not convert between them because we cannot source an exchange rate we would stand behind.

Ask us about this

If this raised a question about your own purchase, leave it here. You will get a considered answer from Luka, not a sales sequence.

The Embark Quarterly publishes considered writing on Bangkok's central residential market four times a year. No marketing, no sales.

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