A 22-villa club community in Chalong with an 8% guaranteed yield
Elite Hillside Villas — villa project, Chalong: entry from ~$414,040. Beach: Karon, ~6 km. Ownership: leasehold. Yield: ~8% developer guarantee for 3 years. Completion: off-plan, phase 1 targeted for December 2027.
Elite Hillside Villas is a small club community of 22 two-floor, 4-bedroom villas on a hillside plot in Chalong, south Phuket. The developer, Stone Estate Development Co., Ltd., has no other public project portfolio that we found — based on available data, this appears to be one of the company’s first projects on the island.
Chalong is an inland southern district of Phuket, known for the bay of the same name with its yacht marina and villa projects that are generally more accessible in price than the west coast. Elite Hillside Villas is not a beach project: the nearest beach, Karon, is about 6 km away and reachable only by car. Our catalog also features 9Nile Residence in the same district, from Art House Group (from ~$436,390) — a developer with a portfolio of around 9 island projects, which offers more confidence in delivery than a new player like Stone Estate Development.
Entry into the project starts from ~$414,040 for a 4-bedroom villa in one of two categories, Signature or Grand. The developer offers a guaranteed 8% a year for the first three years — one of the highest fixed yield figures in our villa catalog. But there’s a flip side to that guarantee: the higher the promised yield, the more the developer’s own financial stability matters for the full payout period, and Stone Estate Development has no public track record on the market yet.
The project is at an early off-plan stage: phase 1 is targeted for December 2027, so more than a year remains before handover. The exact villa floor area in square metres is not disclosed by any source we checked — only the configuration (4 bedrooms, 2 floors, a private 8×3 m mineral pool) and the entry price are known. Only leasehold is available for this project; there is no freehold option. The main risk here is the developer itself: without a public track record of past deliveries, it’s hard to assess reliability at this early sales stage, and the promised 8%-a-year yield guarantee requires the company’s financial stability throughout the full three-year term.
Who it suits: an investor willing to accept the higher risk of a debut developer in exchange for a higher stated yield and a spacious villa with a private pool. Buyers who prefer working with a developer with a proven portfolio should look at the neighbouring 9Nile Residence or other Chalong projects with a longer market history.
As an agency, on a project from a new developer we will always check the construction-permit status, the escrow financial structure, and the actual progress on site before recommending a reservation for a specific villa.
Prices and availability change; data is accurate as of the page update date. Request a fresh price list — we send it the same day. Updated: July 2026.
Our catalog currently tracks 17 projects in Chalong; new-build entry level here: from ~$84,530. Elite Hillside Villas’s entry price is about 26% below the district median — one of the most affordable starts in the area.
The median is calculated from the “from” prices of all catalog projects in the district and refreshes with every update.
Neighbours are picked by the same property type and the closest entry price in the same area — the projects our buyers actually shortlist against each other. Figures recalculate with every catalogue update.
| Elite Hillside VillasThis project | Phirunda Villas | Sunrise Lake | |
|---|---|---|---|
| Price from | from ~$414,040 | from ~$414,027 | from ~$415,071 |
| $/sqm | — | — | $2,436 |
| Beach | Karon, ~6 km | Pa Lai Beach (Chalong), <1 km | Bang Tao, ~6.9 km |
| Completion | Under constructionoff-plan, phase 1 targeted for December 2027 | completed in August 2025 | off-plan, completion targeted for 2027 |
| Ownership | leasehold | freehold / leasehold | freehold (within quota) / leasehold |
| Rental program | yes | yes | yes |
The developer information in this listing states: leasehold. This is the project-level starting point, not a legal opinion on a particular unit. The contract, title, foreign quota and seller authority must be verified before reservation.
A foreign buyer may own the structure but cannot directly own Thai land. The land element is normally held through a registered long lease or another lawful structure. Term, renewals, inheritance and resale rights must be explicit in the contract.
Verify the receiving legal entity, construction milestone, payment trigger, delay remedies and the documents the seller must deliver for registration.
This is general information. Structure and taxes depend on the unit, seller and contract; an independent Thai lawyer should complete the final review.
Indicative estimate: yield and the rental model depend on the project, unit and management program. Request an exact projection for a specific unit.
A family villa enclave in Chalong with a spa, sauna and kids club — developer debt-free on land and construction
Land-and-house and villas in Chalong across three phases — by Art House Group
Ready lakeside villas in Chalong, ~5 minutes to the BCIS international school — not a beachfront project
The “12 developer checks in Phuket” checklist plus a personal yield projection for your budget — sent via Telegram or e-mail.
Availability changes weekly and isn’t published here. We’ll send the list of free units, an honest read on the negotiating room, and a net-yield calculation for your unit with every cost included.
From ~$414,040 for a 4-bedroom villa (Signature or Grand category), per villacarte pricing.
Stone Estate Development Co., Ltd. We found no public portfolio of other projects by this company — based on available data, this appears to be one of its first projects on the island.
Phase 1 is targeted for December 2027 — the project is at an early off-plan stage.
Only leasehold is available for this project.
The developer offers a guaranteed 8% a year for 3 years. That is a relatively high figure for the segment, but with a company that has no long public track record, such a guarantee should be treated cautiously — the developer needs to actually be around to pay it out.
9Nile Residence is a villa project by Art House Group, a developer with a portfolio of around 9 projects on the island, from ~$436,390. Elite Hillside Villas costs a bit more to enter and offers a higher stated yield guarantee, but the developer is a new player without a comparable delivery track record.
For leasehold an FET form is not mandatory, which widens the payment options. The bank still checks the source of funds — we walk through the transfer before any booking.
Take the PDF: developer prices, one-off fees, owner costs and net yield — on the current price list. Or message us on WhatsApp, we reply within 15 minutes.