A condominium (or “condo”) is a residential property format in which the owner purchases their individual apartment, while all shared infrastructure — corridors, swimming pools, fitness centers, reception areas, and common grounds — is jointly owned by all residents. The complex is managed by a professional property management company.
Condominiums are especially common in Phuket due to their convenience, security, and strong investment characteristics. This format is well suited for permanent living, seasonal stays, and rental purposes.