When buying freehold
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 309-unit condo complex 5 minutes from Karon beach, with coworking and multiple pools
Vibe Residence — condo project, Karon: entry from ~$183,180, from $5,335 per sqm. Beach: Karon, ~400 m. Both freehold and leasehold available. A managed rental program runs here — the yield is calculated per unit. Completion: Dec 2028, foundation works as of Aug 2026.
Vibe Residence is an off-plan condo complex by developer ESM Company Group in Karon, on a roughly 5,936 sqm plot with about 28,700 sqm of total built-up area: three buildings (one five-storey, two eight-storey) totalling 309 units in Phase 1. The project’s main selling point is location — Karon beach is only about 400 metres away, roughly a 5-minute walk.
Proximity to the sea is rare among the island’s new off-plan projects: at ~400 m from Karon beach, Vibe Residence ranks among the closest new builds to the water in the district. In the same Karon district, our catalog also features Venus Karon and Utopia Karon — both slightly further from the beach (around 800–900 m) but at a more advanced stage of readiness: Utopia Karon is already delivered and occupied, while Venus Karon is due for delivery as early as 2026.
Entry starts from ~$183,180 for a 28 sqm studio, with the top of the unit mix around $330,742 for a 2-bedroom layout (~62 sqm). In between sits a compact ~34 sqm one-bedroom, available on request. On infrastructure density, the complex punches above its price segment: multiple pools, coworking spaces, a spa and a lobby café — a mix more typical of projects with a higher entry price. An installment plan up to 3 years with 0% interest during construction is offered, per the developer rather than villacarte’s own price sheet. No guaranteed or projected rental yield is publicly disclosed by the developer, though a management company is stated for the project.
As of mid-2026 construction is at the foundation stage — an early phase of an off-plan project with a delivery horizon out to December 2028, meaning the standard risks of delay at every subsequent stage remain in full. ESM Company Group is a relatively young group of companies from Patong, founded in 2016 and spanning development, construction and hotel management under its brand, but without a long public track record of larger island projects, which makes it harder to judge pace and build quality from past performance. CAM fee and sinking fund figures are not disclosed by any source we checked.
Who it fits: a buyer willing to accept the risks of an early off-plan construction stage in exchange for beach proximity that’s rare for the segment, plus rich on-site infrastructure. Buyers wanting a faster delivery or a fixed yield guarantee should compare with Venus Karon or the already-completed Utopia Karon in the same district.
Our job as an agency is to check the actual construction pace before reservation, confirm management and rental terms for the specific unit, the ownership structure (freehold or leasehold), and support the deal from reservation 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: August 2026.
Our catalog currently tracks 9 projects in Karon; new-build entry level here: from ~$90,793. Vibe Residence’s entry price is about 41% 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.
| Vibe ResidenceThis project | The Title Biancana | The Balance Patong | |
|---|---|---|---|
| Price from | from ~$183,180 | from ~$187,391 | from ~$178,484 |
| $/sqm | $5,335 | — | $6,865 |
| Beach | Karon, ~400 m | Surin, ~200 m | Patong, ~100 m |
| Completion | Under constructionDec 2028, foundation works as of Aug 2026 | Under construction2028 (exact quarter to be confirmed) | 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 ~$183,180 for a 28 sqm studio. 2-bedroom units (~62 sqm) go up to ~$330,742.
ESM Company Group — a Patong-based group founded in 2016, spanning development, construction and hotel management (ESM Development, ESM Construction, ESM Hospitality).
December 2028. As of mid-2026 the project is at the foundation stage — an early phase of off-plan construction.
Both ownership forms are available — freehold and leasehold, confirmed per specific unit.
The developer doesn’t disclose a specific guaranteed or projected yield figure — a management company operates on-site, but rental terms need to be confirmed per unit.
About 400 metres, roughly a 5-minute walk — one of the closest new projects to the sea in the district right now.
Vibe Residence is at the earliest construction stage (foundation, delivery 2028) with the closest position to the beach and no disclosed yield guarantee; Venus Karon offers a guaranteed 6% for 3 years with a faster delivery (2026), while Utopia Karon is already completed and occupied on a hilltop with an 8% 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.