A hillside condo in Rawai with a rooftop pool and sea view
Enigma Residence — condo project, Rawai: entry from ~$116,765, from $3,336 per sqm. Beach: Rawai, ~600 m. Both freehold and leasehold available. Yield: ~7% developer guarantee for 3 years. Completion: off-plan, targeted December 2027.
Enigma Residence is an off-plan 164-unit condo complex across three 7-floor buildings, under construction on a hillside in Rawai, south Phuket. The developer, East Wind Thai Co., Ltd., is a Thai company incorporated in November 2022 with registered capital of around 45 million baht; Enigma Residence is its first publicly known project.
Rawai is a southern expat district known for its seafood market, promenade, and a calmer atmosphere than the touristy west coast. Enigma Residence sits ~600 metres from the beach and the Rawai promenade, with Nai Harn beach around 3 minutes away by car. Our catalog also features the more compact Dominion Rawai (from ~$154,310) in the same district, with a similar guaranteed rental program but noticeably closer to the sea — 200 metres versus 600 at Enigma Residence.
Entry into the project starts from ~$116,765 for a studio from 35 sqm, with 1–2 bedroom units reaching up to 125 sqm. The developer offers a guaranteed 7% a year for the first three years through a managed rental program. With 164 units in one complex, it’s worth keeping the supply concentration in mind: that volume enters the local Rawai rental market all at once, so actual yield after the guarantee period ends will depend heavily on how the market absorbs demand.
The project is at an early off-plan stage: completion is targeted for December 2027, with more than a year remaining before handover. The key risk factor is the developer itself: East Wind Thai Co., Ltd. was only founded in 2022, and Enigma Residence is its first publicly known project, so there’s no delivery track record to lean on. CAM fee, sinking fund, and the exact foreign freehold quota per unit are not disclosed on any source we checked. That said, the stated amenity set looks well thought out for the segment: two gyms, co-working space, solar panels, and EV charging stations are rare at this price point.
Who it suits: an investor drawn to a scenic rooftop pool and a rich set of modern amenities at an accessible price, willing to accept the risk of working with a relatively new developer without a long public track record. Buyers wanting a more conservative pick with less supply concentration should look at neighbouring Dominion Rawai.
As an agency, on a project from a debut developer we will always check the construction-permit status, the escrow account structure, and the actual pace of work on site before recommending a reservation for a specific unit.
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 31 projects in Rawai; new-build entry level here: from ~$105,652. Enigma Residence’s entry price is about 41% 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.
| Enigma ResidenceThis project | Bellevue Lagoon | Serene Condominium | |
|---|---|---|---|
| Price from | from ~$116,765 | from ~$115,967 | from ~$115,858 |
| $/sqm | $3,336 | — | $3,216 |
| Beach | Rawai, ~600 m | Bang Tao, ~2.8 km | Bang Tao / Surin, ~1.7 km |
| Completion | Under constructionoff-plan, targeted December 2027 | completed in 2025 | off-plan, completion stated for September 2026 |
| Ownership | freehold / leasehold | freehold / leasehold | freehold available to foreign buyers |
| Rental program | yes | yes | yes |
The developer information in this listing states: freehold / 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-quota condominium is registered in the buyer’s name. Purchase funds must enter Thailand with the correct purpose so the receiving bank can issue the foreign-exchange evidence used at the Land Office.
Leasehold is registered as a long-term lease. The review covers the term, renewals, assignment, inheritance, early termination and the landowner’s obligation to register the transaction.
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.
Condos in the Saiyuan area of southern Phuket with a full rental service — from ~$105,652
The second phase of Babylon Sky Garden in Rawai: 49 units, a 500 sqm rooftop sky garden, ~250 m to the sea
A completed boutique condominium by Harmony Group, 1 km from Rawai Beach, with coworking and a rooftop pool
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 ~$116,765 for a 35 sqm studio. 1–2 bedroom units up to 125 sqm cost more within the same range, per villacarte pricing.
East Wind Thai Co., Ltd. — a Thai development company incorporated in November 2022. Enigma Residence is the company’s first publicly known project.
Targeted for December 2027. The project is at an early off-plan stage.
The project offers three structures — foreign freehold, Thai freehold (for Thai entities), and a 30-year leasehold with extension options. The specific quota is confirmed per unit.
The developer offers a guaranteed 7% a year for 3 years. With 164 units in the complex and a debut developer, this guarantee is worth treating cautiously — the company’s financial stability matters for the full payout period.
Dominion Rawai is a more compact 68-unit project, closer to the beach (~200 m vs 600 m at Enigma Residence), with a similar 7%-for-3-years guarantee. Enigma Residence is larger and offers a wider unit mix up to 125 sqm with a scenic rooftop pool.
Funds arrive from abroad in foreign currency and the Thai bank issues an FET form. Without it the Land Department will not register freehold to a foreigner, so we agree the amount and payment reference in advance.
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.