A major south-island condo project: studios and 1–2BR between Nai Harn and Rawai, 2 km from Promthep Cape
VIP Space Odyssey — condo project, Rawai: entry from ~$128,500, from $4,522 per sqm. Both freehold and leasehold available. A managed rental program runs here — the yield is calculated per unit. Completion: December 2028.
VIP Space Odyssey is one of southern Phuket’s largest condo projects: around 600 units from studios to two-bedrooms (29–69 sqm) in eight-storey buildings between Nai Harn and Rawai, less than 2 km from the Promthep Cape viewpoint. The developer, VIP Thailand Group, builds serially in the south and markets aggressively to the Russian-speaking segment.
Rawai Beach is about 800 metres away, Nai Harn is around 3 km (5–6 minutes by car), and Promthep Cape viewpoint is about 2 km. This is deep in the island’s south: HKT Airport is around 49 km away, or 50–70 minutes on the road, worth factoring into logistics ahead of time, especially for transfers and short visits. On-site are infinity-edge rooftop pools, a restaurant, a gym, a spa, a kids’ room, and co-working space; BCIS International School is 19–20 minutes by car.
The economics are about price: ~150k THB per square metre and entry from ~4.4M THB — noticeably cheaper than comparable new launches in Bang Tao or Nai Yang. Southern Phuket lives on a different rental market — long-term: expats, winter stayers, remote workers. Occupancy is steadier, but rates are lower than the west coast’s tourist short-lets.
The main thing to weigh: completion in December 2028 is a long horizon, and over that distance the quality of the developer and the contract decides everything. Published CAM fee, sinking fund, and pet policy figures found in open sources are copied verbatim across unrelated aggregator project pages — boilerplate text, not VIP Space Odyssey’s actual terms — so we chose not to publish them.
We’ll check the payment schedule, penalty terms and current construction pace, compare it with southern alternatives (The Title, Utopia) — and tell you honestly whether this is the right entry.
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. VIP Space Odyssey’s entry price is about 35% 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.
| VIP Space OdysseyThis project | Wallaya Residence | Palmetto Condominium | |
|---|---|---|---|
| Price from | from ~$128,500 | from ~$129,963 | from ~$130,063 |
| $/sqm | $4,522 | $3,610 | $3,716 |
| Beach | — | Nai Harn, ~2 km | Karon, ~700 m |
| Completion | Under constructionDecember 2028 | off-plan, delivery Q3 2027 | completed in 2019 (phase 1) |
| Ownership | freehold / leasehold | freehold / leasehold — confirmed per unit | freehold / leasehold |
| 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
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A hillside condo in Rawai with a rooftop pool and sea view
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 ~4.4M THB (~$128,500) for a studio up to ~10.4M THB for two-bedrooms. Average ~150k THB per sqm — noticeably below comparable west-coast launches.
Announced completion is December 2028; with ~600 units the payment schedule is long — good for instalments, but it makes developer due diligence essential. VIP Thailand builds serially in the south; we can send the current construction status on request.
Southern Phuket, between Nai Harn and Rawai beaches, under 2 km from Promthep Cape. Don’t confuse it with VIP’s Nai Yang projects — the developer has several sites on the island.
Investors with budgets up to $150k targeting long-term rentals and winter stayers: the south is cheaper than the west, and the rental audience is expats and long-stay guests rather than beach tourists. We’ll send an honest pros/cons breakdown with the price list.
Yes, the unit stays yours. Inside a managed rental program the number of owner-stay nights is capped by the contract — we go through the exact terms for this project before you book.
No guaranteed rate is claimed: a managed rental program runs here and income follows occupancy. We calculate it for the specific unit.
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.