Completed villas and shophouses 5 minutes from Boat Avenue — a compact Art House Group project in Bang Tao
Fifth Element — villa project, Bang Tao · Laguna: entry from ~$1,149,747, from $3,248 per sqm. Beach: Bang Tao, ~3 km. Both freehold and leasehold available. Yield: ~5% developer projection. Villas completed June 2024.
Fifth Element is a compact project of 11 private-pool villas and 6 commercial shophouses on a plot of about 7,680 sqm in Cherng Talay, Bang Tao district. The developer is Art House Group, active on Phuket since 2012. The villa phase is already completed — in June 2024 — with entry from ~$1,149,747.
Bang Tao is one of the most developed resort districts on Phuket’s west coast, known for the integrated Laguna resort and a rich retail and restaurant scene. Fifth Element sits inland in Cherng Talay, yet only a 5-minute walk from the Boat Avenue retail cluster and Villa Market supermarket — a rare combination for villas in this price segment, where buyers usually have to choose between plot privacy and walkable infrastructure. Bang Tao Beach itself is about 3 km away, already a drive by car or scooter. In the same district, our catalog also lists Capri Residence, a project by a different developer with a more affordable price — a useful benchmark for buyers who prioritize price over walking distance to Boat Avenue.
Entry into the project starts from ~$1,149,747 for a 3-bedroom villa ranging from 354 to 486 sqm. That’s notably above the catalog’s average entry threshold for villas of comparable size — the premium reflects both the project’s completed status (no off-plan wait) and its walking proximity to the developed Boat Avenue infrastructure. A separate part of the project is 6 three-story shophouses with a commercial ground floor of about 198–207 sqm, aimed at mixed use: living space on the upper floors and a business unit on the ground floor.
Rental for the villas is projected by the developer at around 5% per year. Like most recently completed projects, Fifth Element doesn’t yet have a long public track record of actual occupancy — the figure should be treated as the developer’s benchmark, to be verified as occupancy data accumulates.
Art House Group is a developer with a notable track record on the island: since 2012, the company has delivered around 9 projects and roughly 995 units across different districts of Phuket (Karon, Rawai, Cherng Talay, Chalong), including the completed The Proud Residence condo and villas/condos under construction (Above Element, 9Nile Residence, Hennessy Residence). This is not a debut developer without history — a meaningful argument that the company can carry a project from announcement to key handover, as it did with the villa phase of Fifth Element in June 2024.
Among the limitations to consider is the project’s mixed format: living villas sitting alongside commercial shophouses means part of the grounds will be geared toward business tenants and visitors rather than private residents only — a plus for some (extra infrastructure nearby), a privacy trade-off for others. The developer does not publicly disclose CAM fee and sinking fund figures — to be confirmed when selecting a specific villa.
Who it suits: a buyer who values a completed villa with no off-plan risk and is willing to pay a premium for walking access to Boat Avenue’s retail infrastructure, while accepting a 3 km distance from the beach rather than direct access. Buyers whose priority is the lowest entry price into Bang Tao or direct sea access should look at other projects in the district, including Capri Residence in the same local market.
Our role as an agency is to verify current villa and shophouse availability (the project is compact, with a choice limited to 17 lots), confirm the ownership structure for the specific lot and the management-rental terms, and support the deal from reservation through to title registration.
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 132 projects in Bang Tao · Laguna; new-build entry level here: from ~$87,852. Fifth Element’s entry price is about 70% above the district median — the project sits in the upper segment of the location.
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.
| Fifth ElementThis project | Vimannaya Residence | Baan Varij | |
|---|---|---|---|
| Price from | from ~$1,149,747 | from ~$1,152,362 | from ~$1,144,809 |
| $/sqm | $3,248 | $1,921 | $2,662 |
| Beach | Bang Tao, ~3 km | Nai Harn, ~2.2 km | Nai Harn, ~1 km |
| Completion | villas completed June 2024 | Under constructionstated Dec 2026, exact construction stage on request from the developer | completed, January 2019 |
| Ownership | freehold / leasehold | freehold / leasehold | freehold (Thai nationals/companies) / leasehold 30+30+30 years (foreigners) |
| 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.
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.
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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 ~$1,149,747 for a 3-bedroom villa (~354–486 sqm). Shophouses with a commercial ground floor are more compact, at ~198–207 sqm.
Art House Group — a Phuket developer since 2012, with around 9 projects and roughly 995 units across the island, specializing in real estate with branded management.
The villas are already completed — phase 1 finished in June 2024.
Both freehold and leasehold are available; the structure is confirmed per specific lot.
About 3 km to Bang Tao Beach — a car or scooter is needed. On the other hand, the Boat Avenue retail cluster and Villa Market supermarket are only about a 5-minute walk away.
Yes, the developer projects around 5% per year. This is a marketing estimate; no established occupancy track record for the project has been disclosed.
Capri Residence is a project by a different developer (Fantasea Plus) with a more affordable entry price in Bang Tao. Fifth Element trades a higher price and a mixed format with commercial shophouses for completed villas and walking distance to Boat Avenue.
~5% 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.