This is the right question. Phuket has an active secondary market, particularly in established areas (Bang Tao, Kamala, Surin). Key liquidity factors:
- Foreign-quota units trade at a premium — limited supply within any given building
- Branded residence units have wider buyer pools (international buyers recognize the brand)
- Off-plan purchases at launch price have the most margin for profitable resale — you're selling into a market that has moved since your entry
- Typical resale timeline in high-demand projects: 3–9 months
This is not US REIT liquidity — you can't exit in 48 hours. But it is a functioning secondary market with verifiable transaction volume, not a frozen asset. If you're deploying capital you may need in 12 months, this isn't the right vehicle. If you're thinking 3–7 year horizon, the math works.