Art House Group’s art-deco condo village 500 m from Karon Beach, with a 3-year income guarantee
Hennessy Residence — condo project, Karon: entry from ~$278,484, from $6,054 per sqm. Beach: Karon, ~500 m. Both freehold and leasehold available. Yield: ~7% guaranteed for the first 3 years (developer data). Completion: Q1 2027.
Hennessy Residence is Art House Group’s art-deco condo village in Karon: 297 apartments across nine low-rise buildings plus 15 private villas in a second phase, instead of one high-rise tower. The project sits ~500 metres from Karon Beach, with a 7% guaranteed annual return for the first three years. Entry is from ~$278,484, with completion in Q1 2027.
Karon is one of the most recognisable tourist beaches on Phuket’s southwest coast: a long sandy stretch, a developed promenade, and proximity to Kata and the Big Buddha viewpoint. Hennessy Residence sits roughly 500 metres from the water — not beachfront, but within walking distance of both the beach and the dense dining and retail strip along Patak Road, the area’s main street.
Our catalog already features Fifth Element from the same developer, Art House Group — delivered villas in Bang Tao at a much higher entry price. The contrast is telling: Art House Group runs premium villa projects on the west coast alongside affordable condo formats in the south, including Hennessy Residence — the company isn’t locked into one price segment or architectural format.
Entry starts from ~$278,484 for a 1-bedroom apartment sized 46–94 sqm — one of the more affordable prices in our catalog for a location within walking distance of Karon Beach. By comparison, villa projects from the same developer in Bang Tao start north of a million dollars. Payment splits into seven stages: 35% on booking, then four instalments of 10–15% during construction, and 10% on completion in early 2027.
The project’s standout economic feature is the developer’s guarantee of 7% annual return for the first three years of ownership, removing the vacancy risk buyers usually face at launch. After the guarantee period, a 60/40 rental pool applies in the owner’s favour. These are the developer’s own figures, not a confirmed multi-year track record for this specific building — the guarantee works as a marketing tool for a fixed term, and what happens to yield afterwards isn’t known in advance.
Art House Group has operated on Phuket since 2012 and has delivered roughly 9 projects and about 995 units across the island — from the completed The Proud Residence condo to villas and condos under construction (Above Element, 9Nile Residence, Fifth Element). This isn’t a debut developer with no track record, which lowers the risk of the project stalling outright, but Hennessy Residence itself is large by the company’s usual standards (297 units versus its typical compact formats of 10–50 lots), so construction pace is worth monitoring more closely than usual.
On the downside, the base unit lineup is limited to compact 1-bedroom apartments — families needing more space should look at the separate phase-2 villas (price not yet disclosed) or other projects in the area. Karon’s tourist density also won’t suit buyers seeking a secluded location.
Who it suits: an investor who wants an affordable condo near a popular beach with a guaranteed income at launch, and is comfortable with a village-of-buildings format rather than a single tower. Our role is to confirm construction status as the 2027 completion approaches, clarify the guarantee and rental-pool terms for a specific unit, and support the deal within the foreign freehold quota.
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 9 projects in Karon; new-build entry level here: from ~$90,793. Hennessy Residence’s entry price is about 114% 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.
| Hennessy ResidenceThis project | Skypark Elara Lakelands | The Aqua | |
|---|---|---|---|
| Price from | from ~$278,484 | from ~$273,200 | from ~$262,219 |
| $/sqm | $6,054 | $4,459 | — |
| Beach | Karon, ~500 m | Bang Tao / Layan, ~5–7 km (no direct beach access) | Bang Tao, ~2 km |
| Completion | Under constructionQ1 2027 | Under constructionQ4 2026 for the first buildings (developer announcement, 2024) | phase 1 delivered, move-in ready since December 2025 |
| Ownership | freehold (49% quota) / leasehold | freehold / leasehold | freehold (49% quota) / leasehold |
| Rental program | yes | yes | yes |
The developer information in this listing states: freehold (49% quota) / 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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A 77-unit condo 800 m from Karon beach with a rooftop infinity pool — completed and delivered in 2023
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 ~$278,484 for a 1-bedroom apartment sized 46–94 sqm. Phase 2 separately plans 15 villas, priced on request.
Art House Group — a Phuket developer since 2012, with about 9 projects and roughly 995 units on the island, specialising in branded-management real estate.
Q1 2027. Payment is split into seven stages: 35% on booking, then 4 instalments of 10–15%, and 10% on completion.
Freehold is available within the standard 49% foreign condominium quota; leasehold is also offered.
The developer guarantees 7% annual return for the first 3 years, after which a 60/40 rental pool applies in the owner’s favour.
~500 metres to Karon Beach, with neighbouring Kata Beach and the Big Buddha viewpoint nearby.
Fifth Element is Art House Group’s already-delivered villas in Bang Tao at a much higher entry price. Hennessy Residence is an off-plan condo format in Karon with a low entry price and an upfront yield guarantee.
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.