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Enigma Residence

Rawai's Smart Living Investment, Delivering 2026

from $111,123(฿3,944,850)from $3,175/m²
Phuket, Vietnam
CondominiumUnder Construction164 total units80 available units

Key Facts

TypeCondominium
CompletionUnder Construction — 2026-12-31
Total Units164
Available Units80
Area35 – 97 m²
Price Range$111,123$233,262
Price per m²$3,175/m²

Description

Rawai, in Phuket's quieter southern reaches, has long been the preferred address for those who want the island's lifestyle without the noise of its tourist corridors. Enigma Residence, developed by East Wind Thai Co., Ltd., arrives here as a considered investment opportunity — a 164-unit condominium where smart-home technology is standard across every apartment, not an optional upgrade. For European investors who have grown accustomed to integrated living systems at home, this detail matters more than most developers acknowledge.

The project offers studios from 35 sqm, one-bedroom units from 36.75 sqm, and two-bedroom layouts up to 96.67 sqm — a range that accommodates both entry-level portfolio diversification and more substantial capital deployment. Entry pricing starts at 3,944,850 THB, with a per-square-metre rate of 112,710 THB, which remains competitive against comparable new launches across the island. Completion is scheduled for Q4 2026, giving investors the advantage of pre-completion pricing with a clear timeline to rental activation.

The amenity package reflects what the modern long-stay tenant or digital professional actually uses: a co-working space, well-equipped gym, sauna, swimming pool, and a shuttle service that addresses the one practical concern most visitors raise about Rawai — its distance from major commercial hubs. EV charging stations on-site position the project well for the coming decade, as electric vehicle adoption across Thailand accelerates faster than most European observers expect.

From an investment perspective, Enigma Residence carries a projected rental yield of 5.6% and an expected ROI of 7.2%. Rawai attracts a stable mix of long-term expatriate residents and seasonal visitors who prefer its calmer character over Patong or Kata — a tenant profile that typically translates into longer occupancy periods and lower vacancy rates. The Varsovia Estate team has inspected this development directly and considers it a credible option for investors buying property in Phuket for the first time or expanding an existing Southeast Asian portfolio.

With 80 units still available from an original 164, the selection window remains open — but not indefinitely. Those considering overseas property investment in Thailand will find Enigma Residence a well-structured entry point into one of Asia's most liquid secondary property markets.

Available Units

Studio35
$111,123(฿3,944,850)$227,382(฿8,072,064)
7 available units
1 Bedroom37
$120,110(฿4,263,919)$364,256(฿12,931,072)
56 available units
2 Bedrooms64
$233,262(฿8,280,804)$421,754(฿14,972,250)
17 available units

Investment Analysis

40%100%
0%20%
Monthly Net Income

$987

Annual Net Income

$11,849

Gross Rental Yield

14.0%

Net Rental Yield

10.7%

Value in 5 Years

$148,707

Total 5-Year ROI

87%

Our calculations are based on a conservative scenario - long-term annual rental contract, which provides stable and predictable income with occupancy rates of 88-95%. Short-term rental (daily/weekly via Airbnb, Booking) can generate 30-60% higher income during peak season, but involves higher risks: seasonal occupancy fluctuations (55-75% average), higher management costs, and furniture/turnover expenses. Rental rates are based on Thailand (average) market averages for 2024-2025. All calculations are estimates. Actual returns may vary. This is not financial advice.

Amenities

Sistema Umnogo Doma
Grand Lobby
Zaryadnaya Stantsiya Dlya Elektromobiley
Shattl Servis
Kovorking
Sportzal
Sauna
Plavatelnyy Basseyn

Location

Similar Properties

Price Range

from $111,123(฿3,944,850)

$3,175/m²

Type

Condominium

Area

35–97 m²

Completion

2026-12-31

Available Units

80/164

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