For Sale: Two-Story 71 m² Condominium in a 5-Star Hotel, Rawai–Nai Harn, Phuket — $10,665,000 ฿
A two-story 71.1 m² condominium is offered for sale in a new development in southern Phuket. One bedroom and living area, floors 7–8, Building 7. Mountain and sea views. Ownership — leasehold with a freehold buyout option at 10,000 THB per m². Furniture included. Price — ฿10,665,000.
Location
The complex is situated in Rawai–Nai Harn, one of Phuket's most popular districts among tourists and locals alike. This area is considered a corner of authentic Thailand that has preserved its nature in pristine condition. Distance to Rawai Beach — 400 meters; to Nai Harn Beach — 1.2 km. To 7-Eleven — 200 meters; to restaurants — 200 meters. Nearby: viewpoint platforms, a fish market with the freshest seafood, a children's entertainment center, a promenade, and a lake.
About the Property
Two-story condominium, 71.1 m². One bedroom and living area. Located on floors 7–8 of Building 7. Windows offer mountain and sea views. The unit is fully furnished; the kitchen is equipped. Furniture included in the price.
Within the Complex
The complex comprises a 5-star hotel and a residential project consisting of 8 buildings and a standalone lobby. All buildings are situated on an elevated site, making the complex the highest residential point in this part of the island and providing beautiful sea views. Amenities: 5 swimming pools, including an infinity pool with a front-facing sea view, fitness center, spa, 24/7 reception, 24/7 security, video surveillance, kids' club, restaurant, bar, business area, billiards room. Parking, internet, and a communal pool are available.
Price and Expenses
- Price — ฿10,665,000.
- Price per square meter — ฿150,000.
Ownership — leasehold. Freehold buyout option — 10,000 THB per m².
When purchasing a condominium in Thailand, the standard registration fee is 2% of the appraised value and is typically split 50/50 between buyer and seller. For leasehold, registration of the lease agreement with the Land Department incurs a 1% fee on the total rent over the entire term.
The final transaction amount is calculated individually and communicated prior to contract signing.
Annual expenses: CAM fee — based on comparable Phuket projects, approximately 295 THB per m² per month. For a 71.1 m² unit, this is roughly 20,975 THB per month, or 251,700 THB per year. New projects typically require 1–3 years of management fees prepaid at handover. One-time sinking fund contribution — approximately 2,950 THB per m². For a 71.1 m² unit, this is 209,745 THB.
Ownership Structure and Transaction Format
Ownership form — leasehold. For foreign buyers, leasehold is the most common way to own property in Phuket. The lease agreement is registered with the Land Department and is typically concluded for 30 years. Important: The Supreme Court of Thailand, in its ruling dated March 18, 2025 (Case No. 4655/2566), held that provisions for automatic renewal for additional 30-year terms are invalid and unenforceable. Any extension must be renegotiated upon expiration of the initial term.
To register a foreign quota, funds must be transferred from abroad in foreign currency, and the bank must issue a FET (Foreign Exchange Transaction Form). Without a FET, the Land Department will refuse registration.
Before paying a deposit, written confirmation of the foreign quota for the specific unit must be requested. The quota is calculated by square meters, not by number of units. Foreign nationals may own no more than 49% of a building's total floor area.
Transaction steps: quota verification, fund transfer with FET issuance, contract signing, registration with the Land Department. Online viewings and remote execution via power of attorney are available. Support languages — Thai, English, Russian (upon request).
If Considering as an Investment
Rawai–Nai Harn is a sought-after district with sustained rental demand. The complex operates as a 5-star hotel, ensuring professional management and occupancy. Rental income is subject to Thailand's progressive personal income tax (5–35%) with a standard 30% deduction.
The seller does not declare the property for residency or investment visa programs.
Best Suited For
— Those seeking a two-story condominium in a 5-star hotel with extensive amenities in southern Phuket.
— Investors considering a purchase in a district with sustained tourism demand.
— Buyers who wish to acquire property under leasehold with a freehold buyout option.
May Not Be Suitable
— If you plan to own under freehold — the property is offered as leasehold with an additional fee for the freehold buyout.
— If your budget does not account for the annual CAM fee (251,700 THB) and the one-time sinking fund contribution (209,745 THB).
— If proximity to the sea is critical — Rawai Beach is 400 meters away.
— If you need a separate bedroom on the same level — the condominium is two-story.
— If you are not prepared for the fact that a leasehold extension beyond 30 years is not guaranteed by law.
What to Know Before the Transaction
The complex is located on an elevated site, which provides superior views but requires verification of slope stability and drainage systems. Phuket has restrictions on construction on slopes above 80 meters due to landslide and flood risks. It is advisable to verify EIA (Environmental Impact Assessment) approval for the project. To register a foreign quota, transfer of funds from abroad with FET issuance is mandatory. A 30-year leasehold is registered with the Land Department; however, automatic renewal for additional terms is not guaranteed by law.
How to View and Purchase
Write to us with your travel dates and budget range. A Discount House manager will confirm the property's availability, send a full transaction cost breakdown, and suggest alternatives in the same area. Viewings in person or via video. Response within 30 minutes.