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📍 Wichit, Phuket Town, Phuket

Escent Phuket

Property Overview:

• Type: Condo

• Bedrooms: 1

• Bathrooms: 1

• Size: 28.70 SqM

• Price: ฿3,150,000

• Price per SqM: ฿109,756

• Completion Date: Scheduled for November 2026 (Off Plan)

• Floor: 3

• Furniture: Fully Furnished

• Views: Pool View, Garden View

• Features: Pool Access, Garden Access, Covered Parking

• Pets: Not Allowed

Project Details:

• Developer: Central Pattana (CPN) - A highly reputable and well-established developer in Thailand, known for its large-scale mixed-use projects including shopping centers, residences, offices, and hotels. They are a major player in the Thai real estate market with a strong track record and numerous awards.

• Total Units: 513

• Floors: 8

• Project Area: 10,360 SqM

• Location: Wichit, Phuket

• Nearest Landmark: Central Festival Phuket (0.7 Km) - This is a significant advantage, indicating excellent proximity to major shopping, dining, and entertainment facilities.

• Project Features: Communal Pool, Communal Gym, 24H Security, CCTV (Video Surveillance), Car Parking, Co-Working Space / Meeting Room, Communal Garden Area.

Location Context - Wichit, Phuket:

Wichit is a central district in Phuket, offering convenience and accessibility to various amenities. Its proximity to Central Festival Phuket makes it highly desirable for both residents and renters. It's a more urbanized area compared to beach towns but provides a practical living environment.

Market Context and Analysis (Phuket Condo Market, Q2/Q3 2025):

• Price per Square Meter: The price of ฿109,756/SqM for this 28.70 SqM unit in Escent Phuket is competitive for a new, fully-furnished condominium by a reputable developer in a prime location near Central Festival Phuket.

• Off-Plan Purchase & Completion: The condo is off-plan with completion expected in November 2026. This means buyers will be making payments over time during the construction phase.

• Rental Yield: While no explicit rental yield is provided for this specific unit, the average gross rental yield for condos in Wichit, Phuket, is around 9.3%. Given the unit's features (fully furnished, pool/garden view, amenities) and prime location, it has strong potential for rental income, particularly for long-term rentals or possibly short-term rentals.

Overall Assessment:

This 1-bedroom condo in Escent Phuket offers a modern living space with excellent amenities and a highly convenient location in Wichit, developed by a top-tier Thai company. The price per square meter is reasonable for a new development in this area.

📍 Choeng Thale, Thalang, Phuket

Skypark Celeste Laguna

Property Overview:

• Type: Condo

• Bedrooms: 1

• Bathrooms: 1

• Size: 39 SqM

• Price: ฿7,863,158

• Price per SqM: ฿201,619

• Completion Date: Scheduled for September 2025 (Off Plan)

• Floor: 7 (in Building E)

• Furniture: Fully Furnished

• Views: Mountain View, Unblocked Open View

• Features: Pool Access, Rooftop Terrace (The project features interconnected rooftops with amenities like infinity pool, jogging track, and barbecue pits, as described by the developer.)

• Pets: Cats and Dogs (small only) - A notable feature, as many condos do not allow pets.

Project Details:

• Developer: Banyan Group Residences (part of the Banyan Tree Group, a world-renowned and highly reputable hospitality and property developer with over 30 years of experience, known for luxury resorts and residences globally. They are recognized as the Most Awarded Developer for Asia/Pacific at the 2024/25 International Property Awards.)

• Total Units: 384

• Floors: 7 (across 3 buildings)

• Location: Choeng Thale, Phuket

• Nearest Landmark: Bang Tao Beach (0.8 Km) - This is a prime location, as Bang Tao is a highly sought-after area.

• Project Features: Communal Pool (including a rooftop infinity pool), 24H Security, CCTV (Video Surveillance), Car Parking, Reception / Lobby Area, Yoga Area, Sky Bridges, Sky Jogging Track, Putting Green, Mini Golf Range.

Market Context and Analysis (Choeng Thale/Laguna/Bang Tao, Phuket):

• Price per Square Meter: The price of ฿201,619/SqM is at the higher end of the Phuket condo market, reflecting its prime location within Laguna Phuket, the reputable developer (Banyan Group), extensive luxury amenities, and full furnishing. Premium beachfront condominiums in Phuket are typically priced around ฿144,000/SqM, with branded residences seeing higher prices.

• Location Premium (Laguna Phuket / Bang Tao Beach): Being part of the Laguna Phuket integrated resort adds immense value. Laguna Phuket is Asia's pioneering integrated resort, offering a vast array of world-class facilities, including an 18-hole golf course, multiple luxury hotels, diverse dining, shopping (Boat Avenue, Central Porto de Phuket), and leisure options. Its proximity to Bang Tao Beach (0.8 km) is a major draw for both lifestyle buyers and tourists. This area is highly sought after and shows strong demand from foreign buyers.

• Off-Plan Purchase & Completion: The project is off-plan with completion in September 2025, meaning it's very close to completion. This reduces the waiting period for buyers compared to earlier phases of off-plan projects. Payment terms typically involve a reservation deposit followed by installments at construction milestones and final payment upon completion.

• Ownership Options: The Banyan Group typically offers both Freehold (Foreign Quota) and Leasehold options for foreign buyers in their projects like Skypark Celeste. Buyers should confirm the specific availability for this unit and understand the implications of each. Leasehold is typically 30 years, renewable.

• Rental Yield Potential: Laguna and Bang Tao areas are known for strong rental yields, with 1-bedroom units (30-60 SqM) potentially commanding ฿30,000-60,000 per month. The Banyan Group anticipates rental yields of 7%-11% for their properties, and some reports suggest yields in prime areas of Phuket can exceed 10%. The strong brand, amenities, and location within an integrated resort make it highly appealing for short-term and long-term rentals. Banyan Living also offers rental management services, which can be beneficial for investors.

• Pet-Friendly: The allowance of small cats and dogs is a desirable feature that expands the potential buyer and renter pool.

Overall Assessment:

This 1-bedroom condo in Skypark Celeste Laguna represents a premium investment or lifestyle purchase within one of Phuket's most prestigious and well-established integrated resorts. The high price per square meter is justified by the reputable developer, luxury amenities, excellent location, and strong rental potential. Given its near-completion status, it offers a relatively quick return on investment for those looking for rental income or a luxury holiday home.

📍 Choeng Thale, Thalang, Phuket

Layan Green Park Phase 2

Property Overview:

• Type: Condo (Studio)

• Bathrooms: 1

• Size: 36.72 SqM

• Price: ฿5,832,700

• Price per SqM: ฿158,843

• Completion Date: Scheduled for November 2025 (Off Plan)

• Floor: 2 (in Building G)

• Furniture: Fully Furnished

• Views: Garden View

• Features: Balcony

• Pets: Not Allowed

Project Details:

• Developer: Layan Green Park - This developer has over 10 years of experience in the Phuket real estate market, specializing in premium resort properties. They emphasize reliability, quality, and a focus on ecological and green building standards (EDGE certification). Phase 2 is touted as an upgrade from Phase 1, offering bigger, more comfortable, and higher-quality units.

• Total Units: 377

• Floors: 7 (across 5 buildings)

• Project Area: 11,200 SqM (Note: Other sources mention 16,673 SqM for Phase 2, which would imply a larger overall project with more amenities.)

• Location: Choeng Thale, Phuket

• Nearest Landmark: Layan Beach (0.5 Km) - Excellent proximity to a beautiful, serene beach. Also noted is its closeness to Laguna Phuket (10 minutes) and other attractions like Boat Avenue, Porto de Phuket, and Blue Tree Phuket.

• Project Features: On-Site Restaurant, Communal Pool (multiple, including kids' pools with slides), Communal Gym, 24H Security, CCTV (Video Surveillance), Car Parking (48% ratio of parking spaces to units), Spa, Communal Garden Area, Solar Panels (contributing to energy savings up to 40% with EDGE certification), Reception/Lobby, Yoga Area, Kids Club, Co-Working Space, Shops, Shuttle to the beach, Airport transfer, 24-hour concierge service, Room service, Smart Home system.

Market Context and Analysis (Choeng Thale/Layan Beach, Phuket):

• Price per Square Meter: The price of ฿158,843/SqM for this studio unit is competitive for a fully furnished, premium-class condominium by a reputable developer in the desirable Layan/Choeng Thale area, especially with its proximity to Layan Beach and extensive amenities. Studio apartments in the premium segment of Choeng Thale are typically priced at ฿5,000,000 and upwards.

• Location: Layan Beach is known for its tranquility and beauty, offering a more serene environment compared to busier areas of Phuket, while still providing convenient access to the amenities of Laguna and Bang Tao. Its proximity to the beach (0.5 km) is a major advantage.

• Off-Plan Purchase & Completion: Completion is scheduled for November 2025, which means the project is quite advanced in its construction, reducing the waiting period for buyers. The developer offers an interest-free installment plan with a 35% down payment.

• Ownership Options: The developer offers Freehold (Foreign Quota) and Leasehold options for foreign buyers. It's crucial for foreign buyers to confirm which ownership type applies to this specific unit. The foreign quota is limited to 49% of the total floor area.

• Rental Yield Potential: Layan Green Park offers a Guaranteed Rental Program with 5% rental income per annum based on the apartment price (for 15 years, paid yearly). Owners can also opt for a Rental Pool Program. The developer states "earnings from 7% per annum" for Phase 2. This guaranteed return provides a level of security for investors, and the project's amenities and location contribute to strong rental demand in this area. Phuket overall sees rental yields often exceeding 10% in prime areas like Bang Tao/Laguna for 1-bedroom units.

Overall Assessment:

This studio condo in Layan Green Park Phase 2 presents a compelling opportunity for both personal use and investment. Its prime location near Layan Beach, extensive luxury amenities, eco-friendly design, and reputable developer make it highly attractive. The guaranteed rental program is a significant benefit for investors seeking a predictable income stream.

That’s it for this week.

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The Hawook Team

P.S.

New here? Check our Essential Guide on How to Buy a Condo in Thailand as a Foreigner and stay ahead of the curve!