The Olive - premium condominium in Phuket

The Olive is a condominium project in Phuket comprising 287 residential units. The pre-sale launch means our analysts are monitoring the investment at the planning and initial commercialization stage. Completion is scheduled for November 2028.

The project offers three layout variants: one-bedroom units of 32 sqm and 44 sqm, as well as two-bedroom apartments of 56 sqm. The range from 32 to 66 sqm indicates a compact residential segment typical of short- and medium-term rental markets in popular Thai tourist destinations. All units are sold fully furnished.

The development features access to sea views, which in the Phuket context represents a parameter affecting rental potential. According to data from our comparative analyses, units with water views achieve on average higher occupancy during high season. The project also offers a guaranteed rental programme, which may provide an element of risk mitigation in the initial years of operation, although programme terms require verification during discussions with the developer.

On-site amenities include a swimming pool, gym, parking and garden area. Round-the-clock security is provided. We monitor developments of this type in Phuket in terms of management standards and common area maintenance, which over the long term can influence the market value of units.

Pre-sale with a 2028 completion date indicates a phase requiring particular analysis of developer credibility, construction schedule and instalment payment terms. We verify the legal documentation of the project as well as the track record of previous developments by the developer entity. Our analysts recommend checking the building permit and contracts with the general contractor before making a decision.

From a capital allocation perspective, the project may be considered by investors seeking exposure to the Phuket market with furnished rental readiness and a guaranteed return programme, while accepting the risk associated with a long construction timeline.