A 160-unit condo from a developer with completed projects in Rawai
Essence Residence — condo project, Rawai: entry from ~$158,335, from $2,834 per sqm. Beach: Rawai, ~3.8 km. Both freehold and leasehold available. Yield: ~8% developer projection. Completion: Q4 2027.
Essence Residence is a 160-unit, 9-storey condominium from developer Harmony Group, known in Rawai for its already-completed Calypso Garden Residences and Harmony Condominium projects. The complex is set back from the beach, but makes up for it with dense in-house infrastructure and a rare option for the segment — pet-friendly units.
The project sits by the Chalong intersection, away from the coastal strip: about 3.8 km to Rawai beach and about 5.4 km to Nai Harn, both reachable in 5–10 minutes by car or scooter, but not on foot. HKT airport is about 44 km away, the longest stretch among the island’s southern projects, so budget around 50 minutes for the drive. In the same Rawai district, our catalog also has Dominion Rawai — a compact, completed complex at almost the same price point (from ~$154,310), but smaller by unit count and without the pet-friendly format.
Entry into the project starts from ~$158,335 for a studio, with larger formats (duplexes, 2-bedroom units) going up to ~$513,000. For that range in Rawai, this is an average market price per square meter rather than a bargain — the premium here is for infrastructure: two pools, a gym, a rooftop zone, and an on-site restaurant. The developer states a yield benchmark of ~8% a year, above the island average, but details of the managed rental (who operates it, what share goes to the owner) are not publicly disclosed — worth confirming separately before factoring this figure into a payback calculation.
The project is at the off-plan stage, and there is some uncertainty here: different sources cite completion dates ranging from late 2026 to late 2027 — a discrepancy of nearly a year that should be double-checked at reservation rather than taken from marketing materials at face value. Harmony Group, though, is not a newcomer to the district: the developer already has completed projects in Rawai and Nai Harn, which lowers the baseline risk but doesn’t guarantee a specific date for the new project. No public data on CAM fee or sinking fund exists yet from either the developer or aggregators — this should be raised directly at the time of reservation.
Who it fits: a buyer for whom the pet-friendly format and developed in-house infrastructure matter more than walking access to the beach, and who is comfortable building in a margin on the handover timeline. Those who need maximum proximity to the sea should look at projects right on the Rawai or Nai Harn waterfront. As an agency, when reserving a unit at Essence Residence we always confirm with the developer the current construction schedule and the terms of the managed rental — for off-plan projects, these change faster than they get published on the website.
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. Essence Residence’s entry price is about 19% 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.
| Essence ResidenceThis project | Bellevue Beachfront | The Balance By the Beach | |
|---|---|---|---|
| Price from | from ~$158,335 | from ~$157,597 | from ~$159,660 |
| $/sqm | $2,834 | $4,635 | $3,225 |
| Beach | Rawai, ~3.8 km | Layan, ~50 m | Kata, ~1 km |
| Completion | Under constructionQ4 2027 | Under constructionhandover was slated for Q2 2026 — the date has passed, we confirm the actual status with the developer | Under constructionDecember 2027 |
| Ownership | freehold / leasehold | freehold / leasehold | freehold / leasehold (foreign quota 49%) |
| 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.
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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 ~$158,335 for a ~50–53 sqm studio. Duplexes and 2-bedroom units cost more — up to ~$513,000 for a 162 sqm duplex.
Harmony Group — a developer from southern Phuket that has already completed several projects in Rawai and Nai Harn, including Calypso Garden Residences.
The project is at the off-plan stage, with a completion benchmark of 2027; the exact date is confirmed at the time of reservation.
Both ownership options are available within the standard foreign quota.
About 3.8 km to Rawai and about 5.4 km to Nai Harn. Both beaches are reachable in 5–10 minutes by car or scooter, not walkable.
Yes, the project states pet-friendly units — a rare option for complexes of this format on the island.
Dominion Rawai is a compact, completed condo complex from ~$154,310 — almost at the same price point. Essence Residence is larger by unit count and adds a pet-friendly format and a second phase of infrastructure, but hands over later.
~8% developer projection — that is a projection, not a guarantee: actual income depends on occupancy, season and running costs. We model it for the specific unit before the deal.
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.