7 Things Transforming Phuket's Property Market
Phuket's next few years are already decided, but they just haven't shown up in property prices yet. Seven projects, all funded, under construction, or formally committed, are about to change which parts of the island are worth investing in, and which get left behind.
We mapped the full story in our deep dive. These are the seven projects actually moving the needle, one at a time.
1. Airport Expansion – THB 10 billion (~USD 306 million)
Phuket International Airport's Phase 2 expansion will lift annual capacity from 12.5 million to 18 million passengers, funded from AOT's THB 80 billion nationwide investment plan.
Phuket International Airport's Phase 2 will lift annual capacity from 12.5 million to 18 million passengers, funded out of AOT's THB 80 billion, five-year nationwide investment plan – the largest in Thai aviation history. AOT says it can fund this from its own cash reserves, with no borrowing required in the first five years.
2. New Andaman Airport in Phang Nga
An illustrative rendering of the scale envisioned for Phang Nga–Andaman International Airport — still at the feasibility stage, with construction targeted to begin around 2027–2028 and a capacity of over 20 million passengers a year.
Just across the water, the Andaman Airport – a second international gateway for the Andaman coast – is taking shape on a 7,300+ rai site in Phang Nga Province, part of a combined THB 150 billion programme with a sister airport in Lanna designed to handle more than 20 million passengers a year and up to 43 flights an hour between them. It's still at the feasibility stage rather than under construction, but two airports serving one relatively compact stretch of coastline is a signal about where Thailand expects growth to land.
3. Light Rail – 42km, 21 stations
The Phuket Mass Transit System will be the island's first mass transit line ever, running from the airport through Phuket Town and ending at the Chalong Five-Way Intersection. Per MRTA's own project page, Cabinet approval for construction isn't expected until February 2028, construction starts around September 2029, and it's scheduled to open in December 2032. That's a long runway – which means the pricing advantage for property near a future station is still fully available right now, before the rest of the market starts paying attention.
4. New Roads – a 30.62km expressway and a tunnel
A North-South Expressway running through the Muang Mai-Koh Kaew-Kathu corridor, combined with a 3.98km tunnel connecting Kathu to Patong, are aimed squarely at the problem that's defined Phuket for decades: one main road, one mountain range, and traffic that overwhelms both every high season. The tunnel's exact toll and lane specifications are still being worked out in Bangkok as of this year – but the intent of a faster, safer route between Phuket's east and west coasts, isn't in question.
5. Hospital – THB 4.3 billion (~USD 132 million)
Bumrungrad International is building a new medical and wellness hub in Mai Khao, less than ten minutes from Phuket airport, opening in phases from 120 to 212 beds.
Bumrungrad International is building a new medical and wellness hub in Mai Khao, on a 16.5-rai (26,400 m²) site less than ten minutes from the airport. It opens in two phases: 120 beds first, expanding to 212. Construction is already underway – piling began in February 2025. This matters more than a single hospital normally would, because it plugs a real gap: Phuket's roughly 400,000 permanent residents and 115,000 expats, who make up 27% of the island's population, currently fly to Bangkok for anything serious. A world-class hospital on the island removes that barrier.
6. International Schools – 13 and Growing
One of Phuket's 13 international schools — infrastructure that often matters as much as hospitals or airports in a family's decision to relocate permanently.
Phuket is already home to 13 international schools, according to Bumrungrad International's own market research. It's easy to overlook next to airports and hospitals, but schooling is often the deciding factor for whether a family actually relocates rather than just buys a holiday home. Combined with world-class healthcare arriving in 2027, Phuket is closing the gap on the two things that usually keep wealthy families anchored to Bangkok or Singapore.
7. Malls – Central Phuket + POP Phuket
Central Phuket is expanding to 500,000 m² across 110 rai in a project now valued at more than THB 26 billion, adding a doubled luxury zone and new attractions area by Q3 2028.
Central Phuket is expanding to 500,000 m² across 110 rai, a project now valued at more than THB 26 billion, adding a doubled luxury zone and a 14-rai (22,400 m²) attractions zone with an aquatic experience, an arena, and an immersive park by Q3 2028. Nearby, POP Phuket, a THB 300M+, 5,490 m² community mall, is going up in Cherng Talay – an area already adding more than 20,000 luxury residential units at an 18.8% annual growth rate, and where expats make up roughly 80% of residents. More than 60% of POP Phuket's space is dining and groceries.
None of these seven are speculative announcements sitting on a slide deck. The money is committed, the construction is largely underway, and the completion dates cluster tightly between 2027 and 2032. What hasn't moved yet is pricing – the built environment of Phuket in 2026 still largely reflects the island that existed before any of this was announced.
For the full picture, every timeline, every number, every source, read The Phuket Most Investors Haven't Seen Yet.
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