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VIP Space Odyssey — Condos and Pool Villas in Rawai

Condos from ฿3.5M with instalments until handover in Q4 2028

from ฿3.5M Rawai 800 m to beach Q4 2028 payment plan

Yield estimate

Market
Annual yield, % 8.0%

Thailand market benchmark — adjust as needed.

Expenses, % of rent 10%
Growth to handover (~2.3 y)
Net rent / year (after handover)
Rental yield 7.2%
Payback ~13.9 years

* Indicative estimate based on property price and market benchmarks. Not an offer. Actual returns depend on rental format, season, management company and tax status.

About the Project

VIP Space Odyssey — a mixed-use development in Rawai

VIP Space Odyssey is under construction in southern Phuket between Rawai and Nai Harn. The approximately 25,600 sqm site will combine four eight-storey residential buildings, 574 condominiums and a separate collection of 23 private pool villas. The EIA-approved development is scheduled for completion in Q4 2028.

The architecture draws on a space-inspired concept through light façades, curved lines, panoramic glazing and contemporary shared interiors.

Other completed and off-plan opportunities are available in the catalogue of property in Phuket.

Studios, condos and private pool villas

The condominium range includes studios from 29.3 to 29.4 sqm, one-bedroom units from 32 to 45 sqm and two-bedroom layouts from 60 to 69.3 sqm. Residences provide a kitchen area, bathroom, fitted furniture, balcony and panoramic windows.

The private residential zone contains two-bedroom pool villas starting from 120 sqm. Each villa includes a private swimming pool, living room, kitchen, two bathrooms and an outdoor terrace. Condos and villas are delivered with finishes and furniture according to the selected specification.

Available formats can be compared with other condos for sale in Phuket.

Swimming pools and shared facilities

The residential grounds will include outdoor swimming pools, rooftop infinity pools, tropical gardens and relaxation terraces. Residents will also have access to a fitness centre, kids’ club, co-working space, meeting areas and landscaped walking paths.

Retail units, cafés, reception areas and parking are planned within the development. The buildings will provide passenger and service lifts. Security will include 24-hour guards, CCTV and controlled access.

Rawai waterfront and southern Phuket beaches

The Rawai waterfront is approximately 800 metres away, around a 10-minute walk. Seafood restaurants, shops, massage venues, the local fish market and island boat piers operate along the coast.

Nai Harn and Yanui, the closest popular swimming beaches, are a short drive away. Promthep Cape is less than 2 kilometres from the development. International schools, nurseries, sports centres, medical facilities and supermarkets are also available nearby.

Prices and payment schedule

Current prices start from ฿3.5M. The entry price applies to a compact condo of approximately 32 sqm. Pricing varies according to building, floor, view, size and ownership structure.

The reservation deposit is ฿200,000. Within 30 days after signing the reservation, the buyer completes payment to 30% of the purchase price. A further 30% is due after foundation completion, followed by 30% after completion of the structural columns and roof. The remaining 10% is paid upon handover and ownership registration.

Before purchasing an off-plan unit, buyers should review the permits, contract and refund provisions. The main checks are covered in the guide to legal risks of buying off-plan property in Thailand.

Completion date and construction progress

Completion is scheduled for Q4 2028. Construction is proceeding in stages, with the developer publishing monthly progress reports. By July 2026, piling work for the condominium section was approaching completion.

The selected building, phase, contractual handover date and construction-linked payment schedule should be confirmed before contract signing. The applicable terms are recorded in the Sale and Purchase Agreement and its appendices.

Ownership and ongoing costs

Condominiums are available under foreign freehold quota and leasehold ownership. The ownership structure for private villas depends on the legal arrangement for the building and land.

The effect of ownership quota on pricing and future resale is explained in the guide to why foreign quota condos may cost more.

The common-area management fee is ฿60 per sqm per month. The one-time sinking-fund contribution is ฿400 per sqm. Water and electricity meter installation costs an additional ฿5,000.

Installment plan

Reservation deposit — ฿200,000.

Within 30 days after signing the reservation — payment completed to 30% of the purchase price.

After foundation completion — 30%.

After completion of structural columns and roof — 30%.

Upon handover and ownership registration — 10%.

The published schedule contains no post-handover instalments.

Unit Formats & Prices

Format Area, m² Price from Price to
Studio condo 29.3–29.4 3 660 000 ฿ 4 981 000 ฿
1-bedroom condo 32–45 3 496 000 ฿ 8 325 000 ฿
2-bedroom condo 60–69.3 8 700 000 ฿ 12 474 000 ฿
2-bedroom private pool villa 120–120 21 000 000 ฿ 21 000 000 ฿

Amenities & Features

  • Outdoor swimming pools
  • Rooftop infinity pools
  • Poolside relaxation terraces
  • Fitness centre
  • Wellness area
  • Kids’ club
  • Children’s playground
  • Co-working space
  • Meeting rooms
  • Tropical gardens
  • Walking paths
  • Retail units
  • Cafés and restaurants
  • Reception
  • Parking
  • Passenger lifts
  • Service lifts
  • 24-hour security
  • CCTV
  • Controlled access

Location

Frequently Asked Questions

Current prices start from ฿3.5M. The entry offer is a compact one-bedroom unit of approximately 32 sqm. The final price depends on the building, floor, view, layout and ownership structure.

The project offers studios from 29.3 sqm, one-bedroom condos from 32 to 45 sqm, two-bedroom condos from 60 to 69.3 sqm and two-bedroom private pool villas starting from 120 sqm.

The current developer schedule sets completion for the fourth quarter of 2028. The project remains under construction, with regular progress reports published during 2026.

The project is approximately 800 metres from the Rawai waterfront. The walk takes around 10 minutes. Nai Harn and Yanui are the closest popular beaches for swimming and can be reached by car.

Facilities include swimming pools, rooftop infinity pools, a fitness centre, children’s club, co-working space, landscaped gardens, retail units, parking, lifts, CCTV and 24-hour security.

Eligible condos can be registered under the foreign freehold quota. Leasehold ownership is also available. Private villas are offered with a separate ownership structure that must be checked for the selected property.

The common-area management fee is ฿60 per sqm per month. The one-time sinking-fund contribution is ฿400 per sqm. Water and electricity meter installation costs ฿5,000.

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Presale

VIP Space Odyssey — Condos and Pool Villas in Rawai

Rawai

Condo / Villa Type
Available Installment
Up to 2 beds Bedrooms
Up to 2 baths Bathrooms
800 m To beach
Q4 2028 Completion
VIP Property Development Co., Ltd. Developer

Yield estimate

Market
Annual yield, % 8.0%

Thailand market benchmark — adjust as needed.

Expenses, % of rent 10%
Growth to handover (~2.3 y)
Net rent / year (after handover)
Rental yield 7.2%
Payback ~13.9 years

* Indicative estimate based on property price and market benchmarks. Not an offer. Actual returns depend on rental format, season, management company and tax status.

Get the presentation

Receive the current VIP Space Odyssey presentation with prices, floor plans, unit positions by building and the payment schedule. The selection includes size, floor, view, specification, ownership structure, handover date and additional costs.

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