Essence - investment condos in Rawai
Compact 80-unit project with guaranteed rental program and full amenities in Rawai district, Phuket. Completion December 2026.
Project parameters
- Property type
- Condominium
- Construction status
- Under construction
- Unit sizes
- 52.34–80.82 m²
- Bedrooms
- 0–2
- Completion date
- 2026-12
Our analysis of the project
We analyze Essence, a project in Rawai district on the southern tip of Phuket - a location removed from major tourist hubs that has built a stable base of long-term residents and investors targeting mid-term rentals in recent years. Rawai offers a quieter environment than Patong or Kata, with well-developed daily infrastructure: Makro and Tesco Lotus supermarkets, local markets, Thai and international restaurants. Southern beaches - Nai Harn, Rawai Beach - are within a few minutes' drive. We also monitor the growing number of co-working spaces in the area, signaling an influx of digital nomads.
The project comprises 80 residential units ranging from 52 to 125 square meters. Our analysts identify three core layouts: a studio of 52.74 sqm, a one-bedroom unit of 52.34 sqm, and a two-bedroom unit of 80.82 sqm. All units are delivered fully furnished, with smart home systems, balconies, and air conditioning. The developer offers a guaranteed rental program, an element relevant to buyers considering passive income - we analyze the terms of each such program individually, as details determine real-world yield.
Shared amenities include a rooftop infinity pool with rooftop bar, gym, sauna, cinema room, co-working space, café, restaurant, and yoga room. The project features elevators, parking, concierge service, and a lobby. A playground is provided for families. Facilities such as a laundry and lounge complete the service offering. We verify whether actual operation of these amenities matches the promises - densely equipped projects require competent management.
Completion is scheduled for December 2026. Construction is currently underway, which means timelines and the developer's financial health must be monitored. Essence targets investors seeking rental units in a stable, non-tourist location and individuals planning extended stays on Phuket with access to comprehensive daily infrastructure. Due to the guaranteed rental program, the project may be considered within a geographically diversified portfolio, subject to verification of lease agreement details and operator reputation.
Amenities
- infinity-pool
- Gym
- Parking
- Rooftop terrace
- rooftop-bar
- cinema-room
- Sauna
- kids-playground
- Swimming pool
- cafe
- co-working
- lobby
- Concierge
- Lift
- furnished
- smart-home
- rental-program
- guaranteed-rental
- lounge
- Restaurant
- yoga-room
- Laundry
- balcony
Property analytics
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- Price per m² against the district
- Estimated rental yield
- Price index dynamics (Bank of Thailand)
- Available units in the project
- Developer's payment schedule
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