VIP Tropika - Rawai Condominium Development

PhuketBeach · 15 min walkUnder construction
Unit size
29.04–89.92 m²
Bedrooms
0–3
Type
Condo
Completion
Oct 2028

Description

VIP Tropika is a condominium project under construction in Rawai, southern Phuket, comprising 300 units across a range of layouts. The development is scheduled for completion in October 2028. Unit sizes span from 29 sq m studios to 139 sq m three-bedroom apartments, offering options for both compact investor units and larger family or holiday residences.

Rawai sits at the southeastern tip of Phuket, known for its working-waterfront character, local seafood markets and proximity to several smaller beaches. The district has traditionally attracted long-term residents and retirees alongside tourists, and offers a less developed atmosphere than Patong or Kamala. Nai Harn Beach lies a few kilometres west, while Chalong Pier and the island's main hospital are within reasonable reach to the north. Buyers seeking urban nightlife or extensive retail infrastructure will find Rawai quieter than Phuket's commercial centres, but the area provides a practical base for those prioritising access to the southern coastline and a slower pace.

The project layout includes studios at approximately 29 sq m, one-bedroom units at around 45 sq m, two-bedroom apartments at roughly 60 sq m, and three-bedroom residences at close to 90 sq m. All units come furnished and feature balconies. On-site amenities comprise a swimming pool, fitness centre, children's playground, residents' lounge, garden areas and parking facilities. The developer advertises a guaranteed rental program, which buyers targeting investment income should evaluate carefully: such programs typically involve conditions on unit allocation, duration, developer solvency and the legal mechanism used to deliver returns. No yield figures have been provided.

As a condominium, VIP Tropika falls under Thai law allowing foreign nationals to hold up to 49 percent of the project's total saleable area as freehold ownership, provided funds are transferred into Thailand in foreign currency. Buyers should confirm foreign-quota availability for their preferred unit type and verify that the developer has obtained all necessary construction permits and pre-sale approvals. With completion set for late 2028, prospective purchasers are advised to review the sales contract for milestone payment terms, completion guarantees and any recourse provisions in the event of delay. The property suits buyers seeking an entry-level or mid-sized residence in southern Phuket, or investors evaluating a pre-construction rental-program opportunity who are prepared to conduct full due diligence on both the developer and the rental-return mechanism.

About the units

Unit sizes29.04–89.92 m²
Bedrooms0–3
Price per m²฿160,000
Total units300
Available units161
Unit typeAreaPrice fromAvailable
Studio29.04 m²฿4,734,00069
1 bedroom44.78 m²฿6,734,00070
2 bedrooms59.8 m²฿10,165,00015
3 bedrooms89.92 m²฿15,286,0007

Rental ROI calculator

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

12.0%
75%
Monthly income (net)
฿35,500
Annual income (net)
฿426,060
Net yield / year
9.0%
Payback period
11.1 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
StageUnder construction
CompletionOct 2028
Total units300
Available units161
AreaPhuket

Amenities

PoolGymKids' playgroundLoungeGardenParkingBalconyFurnishedRental program

Payment plan

Deposit: 200,000 THB for reservation 1st Payment: 30% within 30 days after signed reservation (deposit counted as part) 2nd Payment: 30% when the project starts piling 3rd Payment: 30% when completion of structural columns and roof construction 4th Payment: 10% on transfer ownership Freehold fee: 10,000 Baht/Sq.m.

Location

PhuketBeach · 15 min walk

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