VIP Space Odyssey Phase 2 - Phuket Villa Development

PhuketPre-sale
Unit size
29.3 m²
Type
Condo
Completion
Dec 2029

Description

VIP Space Odyssey Phase 2 is a boutique villa development in Phuket comprising 12 units across a single layout type. Every villa delivers 120 sq m of interior space configured as a two-bedroom residence, giving the project a consistent product that is straightforward to evaluate and compare.

Phuket remains one of Southeast Asia's most active property markets for foreign buyers, with strong year-round tourism, an established expat community, and infrastructure that supports both long-term relocation and seasonal use. Without a confirmed district in the project parameters, buyers should ask the developer for the precise address and visit the site to assess road access, proximity to beaches, and the immediate neighborhood before committing.

The project's listed amenities include a lobby, a cafe, and a swimming pool. For a 12-unit development these are practical additions rather than large-scale resort facilities, which suits buyers who prefer a quieter, more private setting over a hotel-style complex.

Ownership structure is an important point for foreign buyers considering villas and houses in Thailand. Unlike condominium units, which can be held under foreign freehold title within the project's foreign quota, land-based villas are typically held by foreigners through a long-term leasehold arrangement or through other structures recognized in the Thai market. Buyers should obtain independent legal advice in Thailand before signing any agreement and should confirm the exact ownership form offered by this developer.

The project is currently at pre-sale stage, with completion scheduled for 31 December 2029. A timeline of approximately five years from purchase to handover carries construction and developer risk that buyers should weigh carefully. Reviewing the developer's track record, confirming that the land title is clean, and understanding the payment schedule relative to construction milestones are all steps the THAI.ESTATE Editorial Team considers essential due diligence for any off-plan purchase in Thailand.

Buyers targeting rental income should verify local short-term rental regulations and seasonal occupancy patterns in the specific Phuket submarket where the project sits. Those purchasing for personal use or relocation will want to assess commute distances and nearby amenities independently.

About the units

Unit sizes29.3 m²
Price per m²฿145,000
Total units267
Available units267
Unit typeAreaPrice fromAvailable
29.3 m²฿4,248,000267

Rental ROI calculator

Model the rental income of this purchase - adjust yield and occupancy to your own assumptions.

9.0%
75%
Monthly income (net)
฿23,890
Annual income (net)
฿286,740
Net yield / year
6.8%
Payback period
14.8 yrs

Indicative model, not a guarantee of income. Net figures assume ~25% of gross income goes to management and upkeep; the yield estimate is normalised to 75% occupancy. Rental income, taxes and fees must be confirmed per project before purchase.

About the project

Property typeCondo
StagePre-sale
CompletionDec 2029
Total units267
Available units267
AreaPhuket

Amenities

PoolKids' playgroundGym

Location

Phuket

Similar properties

฿4,248,000