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 low-rise, 285-unit condominium in quiet Nai Harn from a developer with a 20-year portfolio
Wallaya Residence — condo project, Nai Harn: entry from ~$129,963, from $3,610 per sqm. Beach: Nai Harn, ~2 km. Both freehold and leasehold available. Yield: ~6% developer projection. Completion: off-plan, delivery Q3 2027.
Wallaya Residence is a low-rise condominium of 285 units across three 7-storey buildings in quiet Nai Harn, southern Phuket. The unit mix runs from studios (~36 sqm) to 3-bedroom units (~94 sqm), positioned by the developer under the concept “Slow Living, Refined”. It is built by Wallaya Villas, a family company with a portfolio of over 20 projects on the island. Entry is from ~$129,963 for a studio, with delivery expected in Q3 2027.
Nai Harn is one of the calmest beach districts in the south of the island, less touristy than the west coast, known for its freshwater lake popular with locals and its viewpoints. Nai Harn Beach is about 2 km from the complex — a drive rather than a walk. In return, the district offers an unhurried atmosphere and distance from the dense development of Patong and Karon.
In the same Nai Harn district, our catalogue also lists Chardonnay Nai Harn, a built or under-construction condominium with a higher entry price (from ~$199,643). The price gap is mainly a matter of stage: Wallaya Residence is off-plan with a 2027 delivery horizon, while district alternatives may be closer to completion.
Entry into the project starts from ~$129,963 for a ~36 sqm studio, which is an accessible entry point for the Nai Harn district — comparable condo projects in the south of the island start noticeably higher. The unit mix extends up to 3-bedroom units of about 94 sqm at the top tier. Running costs are partly known: CAM fee is about 80 THB per sqm per month, and the sinking fund is about 1,000 THB per sqm, paid once at purchase — standard figures for Thai condos, neither inflated nor understated.
Rental yield is projected by the developer at around 6% annually — a standard marketing benchmark for an off-plan condo at the sales stage, with no public occupancy history since the building hasn’t been built yet. The stated amenity package is rich for a project of this size: pool, gym, spa, kids’ club, coworking, a restaurant with a conference area, and a rooftop bar with a cinema — above the typical set for a condo at this entry price.
Wallaya Villas is a family developer with a history on the island since 2006–2007 and a portfolio of over 20 projects, but the company’s specialization is historically villas, in a different district (Thalang/Cherng Talay). Wallaya Residence is a large condo project by the developer’s standards, in an unfamiliar format and district for the company — worth weighing when assessing risk, since its track record in multi-unit construction at this scale is shorter than in villas.
Key risks: first, the delivery horizon — Q3 2027, more than two years out — carries the standard off-plan risk of timeline slippage; second, the project’s scale (285 units) means liquidity and the appeal of any given unit will depend heavily on floor, view and building, which is worth confirming as construction nears completion; third, the freehold quota is legally capped at 49% foreign ownership in a condominium and tends to fill quickly in popular projects, so the status of a specific unit should be checked in advance.
Who it suits: a buyer of a compact unit in quiet Nai Harn for whom an accessible entry price matters more than a quick handover, and who is comfortable investing off-plan with a 2027 horizon. Our role as an agency is to track freehold-quota availability by unit, verify the construction and payment schedule, and support the deal from reservation through 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 18 projects in Nai Harn; new-build entry level here: from ~$91,710. Wallaya Residence’s entry price is about 46% 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.
| Wallaya ResidenceThis project | Palmetto Condominium | Palmetto Park | |
|---|---|---|---|
| Price from | from ~$129,963 | from ~$130,063 | from ~$130,215 |
| $/sqm | $3,610 | $3,716 | $4,341 |
| Beach | Nai Harn, ~2 km | Karon, ~700 m | Karon, ~800 m |
| Completion | off-plan, delivery Q3 2027 | completed in 2019 (phase 1) | completed in 2023 (phase 1) |
| Ownership | freehold / leasehold — confirmed per unit | freehold / leasehold | freehold / leasehold |
| Rental program | yes | yes | yes |
The developer information in this listing states: freehold / leasehold — confirmed per unit. 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.
A completed budget condo complex steps from Nai Harn beach — 85 units from studios to penthouses
Two completed condo phases near Nai Harn beach with hotel-managed rentals
Loft condos with the largest water park in south Phuket, between Nai Harn and Rawai
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 ~$129,963 for a studio of about 36 sqm. The unit mix goes up to 3-bedroom units of about 94 sqm.
Wallaya Villas — a family-run Phuket developer on the market since 2006–2007, with a portfolio of over 20 projects, mostly villas.
The project is off-plan, with expected delivery in Q3 2027.
Both options are available; the exact freehold quota and structure are confirmed per unit.
CAM fee is about 80 THB per sqm per month, and the sinking fund is about 1,000 THB per sqm, paid once at purchase.
About 2 km to Nai Harn Beach — a vehicle is needed, there’s no walking access.
The entry price is lower than Chardonnay Nai Harn (from ~$199,643), but the project is still off-plan with a further-out delivery horizon — Q3 2027 versus already-built or ready alternatives in the district.
~6% 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.