The Olive - Condominium in Phuket

The Olive is a mid-scale condominium development in Phuket comprising 287 units across a range of compact and mid-sized layouts. The project is currently in pre-sale, with a scheduled completion date of November 2028. Buyers entering at this stage should assess the developer's track record, the payment structure across the construction timeline, and the terms attached to any rental arrangement before committing.

Unit configurations cover three layout types: a one-bedroom unit of 32 sq m, a one-bedroom unit of 44 sq m, and a two-bedroom unit of 56 sq m, with the upper end of the range reaching 66 sq m. These proportions are typical of investment-oriented condominium projects in Phuket, where compact layouts tend to attract short-term rental demand from the island's tourism market.

The project's amenity package includes a swimming pool, fitness centre, landscaped garden, on-site parking, and 24-hour security. Units are delivered furnished, which reduces the setup burden for buyers intending to place the property into a rental programme immediately after handover. The project also lists a guaranteed-rental scheme among its amenities. Buyers should request the full terms of this arrangement in writing, including the guarantee period, the guaranteed rate, the management fee structure, and what happens after the guarantee expires.

For foreign buyers, the condominium structure is relevant: condominiums in Thailand are the property type most straightforwardly accessible to non-residents, as Thai law permits foreigners to hold up to 49 percent of a condominium building's total sellable area in freehold. Buyers should confirm which units within The Olive fall under the foreign freehold quota and which, if any, are available only under leasehold arrangements.

The sea-view tag associated with the project suggests that some units carry elevated outlooks, though buyers should verify which specific floors and orientations qualify before placing weight on this feature.

The Olive is positioned as relevant for two distinct buyer profiles: those seeking a Phuket base for seasonal or extended stays, and those targeting rental income from the island's active short-stay market. Both profiles should conduct independent due diligence on the developer, review the title deed status of the land, and consult a Thailand-licensed property lawyer before signing.