Branded residences near Kamala beach with InterContinental service — developer Proud Real Estate
The Residences at InterContinental is an off-plan project in Kamala with one thing worth understanding right away: despite the name, the developer is a listed Thai company, Proud Real Estate PCL, not the hotel brand itself. InterContinental (the IHG group) acts as a partner operator, managing the residences’ service and giving access to the neighbouring five-star InterContinental Phuket Resort’s infrastructure — restaurants, spa, concierge, and housekeeping. Villacarte’s materials and some aggregators phrase this imprecisely, naming “InterContinental” as the developer — when checking documents, it’s important to separate the developer from the managing operator.
The project comprises two seven-storey towers and a three-storey wellness building, 111 units in total for Phase 1. On-site amenities include a lobby, library, meeting room, a garden with a pavilion, a 25-meter pool, a kids’ area, and a rooftop yoga and meditation space. Kamala beach is 300 meters away, 4 minutes on foot, making this one of the few projects in this segment of the catalog with genuine walking-distance access to the sea rather than a stated proximity on paper. HKT airport is about 35 minutes by car.
The unit range is broad: from a compact 59.17 sqm 1-bedroom (from ~$416,960) and its 61.54 sqm corner version (from ~$473,954) to a 100.66 sqm 2-bedroom (from ~$770,926) and the top-tier 179 sqm 2-bedroom with a private pool (from ~$1,669,641). Price per sqm here runs higher than most comparable off-plan projects on the island — roughly $8,000/sqm on average across the project, with the entry-level layout at around $7,050/sqm. That’s a direct consequence of the brand: buyers are paying not just for floor area but for five-star hotel service and access to its infrastructure from day one of ownership. Ownership costs add a common area fee of 120 THB/sqm per month (paid 12 months in advance) and a one-off sinking fund contribution of 800 THB/sqm at transfer.
Handover is set for late 2027, targeted at 19 December 2027; we confirm the schedule with the developer as construction progresses. The economics rest on a projected yield of ~7% per year with a roughly 14-year payback — a benchmark based on the brand’s potential rather than a confirmed track record: the project isn’t completed yet, and no actual occupancy or payout data exists yet.
As an agency we work with Proud Real Estate’s price list and, in parallel, verify the terms of the IHG brand service with the operator — exactly what’s included in the service fee, how the rental pool is structured, and what share of income goes to the operator. For clients comparing Kamala with other districts in the catalog, we’ll separately assess whether the premium on price per sqm is justified by access to InterContinental’s infrastructure compared to more affordable beachfront projects without a hotel brand.
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 16 projects in Kamala; new-build entry level here: from ~$82,864. The Residences at InterContinental’s entry price sits close to the district median.
The median is calculated from the “from” prices of all catalog projects in the district and refreshes with every update.
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.
From ~$416,960 for a 1-bedroom (59.17 sqm). The corner version of the same 1-bedroom (61.54 sqm) starts from ~$473,954. A 2-bedroom (100.66 sqm) starts from ~$770,926, and a 2-bedroom with a private pool (179 sqm) from ~$1,669,641.
Proud Real Estate PCL — a listed Thai company, also known for the InterContinental Residences Hua Hin project. Villacarte’s materials and some listings describe the developer vaguely as "InterContinental" — but that’s the name of the managing operator (IHG), not the developer; for due diligence, rely on Proud Real Estate.
The target is 19 December 2027 — that is, late 2027.
Yes, both freehold and leasehold are available. The exact freehold quota for a specific unit should be confirmed with the developer before reservation.
The projected benchmark is ~7% per year with a payback of about 14 years. This is a projection based on the brand’s potential, not a confirmed track record — the project is still under construction, and no actual yield data exists yet.
About 300 meters, 4 minutes on foot to Kamala beach — one of the few genuinely beachfront off-plan projects in this segment of the catalog.
The key difference is the InterContinental brand service — access to the restaurants, spa, and service standards of an existing five-star hotel right at home. That’s reflected in the price per sqm too, which runs higher than most off-plan projects on the island without a hotel brand attached.
