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VIP Space Odyssey (Phase 2)

Rawai Living With a Compelling Investment Return

from $119,676(฿4,248,500)from $4,085/m²
Phuket, Vietnam
CondominiumPre-sale285 total units267 available units

Key Facts

TypeCondominium
CompletionPre-sale — 2029-12-31
Total Units285
Available Units267
Area29 – 69 m²
Price Range$119,676$196,479
Price per m²$4,085/m²

Description

Rawai is quietly becoming one of Phuket's most compelling investment addresses — and VIP Space Odyssey Phase 2 is positioned right at the centre of that story. Unlike the overcrowded resort strips further north, Rawai offers a calmer, more residential character that increasingly attracts longer-stay tourists, digital nomads, and expatriates who prioritise quality of life over nightlife proximity. For European investors looking to buy a condo in Phuket, this represents precisely the kind of neighbourhood where capital values tend to hold and rental demand remains steady year-round.

Developed by VIP Thailand Development Company, this second phase of the Space Odyssey project brings 285 units to market across three layout types — studios from 29.3 sqm, one-bedroom apartments from 32 sqm, and two-bedroom residences up to 69.3 sqm. Entry pricing starts at 4,248,500 THB, with a per-square-metre rate of 145,000 THB that compares favourably against equivalent new-launch condominiums in more saturated Phuket districts. With 267 units still available and completion targeted for Q4 2029, buyers entering now secure pre-sale pricing with meaningful runway for capital appreciation before handover.

The amenity package is deliberately focused rather than inflated. A full-size swimming pool, a dedicated children's zone, and a well-equipped fitness centre cover the essentials that both owner-occupiers and short-term rental tenants consistently prioritise. In the European rental property context, this translates to broad tenant appeal — families, couples, and solo travellers alike find the facilities relevant to their stay. Varsovia Estate's local team has walked the site and reviewed the developer's track record; the Phase 1 delivery history gives us confidence in recommending this project to our clients.

For investors focused on Thailand real estate, the structural case is straightforward: Phuket's tourism numbers continue to recover and expand beyond pre-2020 levels, international flight connectivity to the island is growing, and the Thai government's long-term visa initiatives are actively encouraging high-net-worth foreign residency. Rawai, with its proximity to Nai Harn Beach and the Promthep Cape viewpoint, benefits from a distinct identity that supports premium rental positioning without requiring the highest possible price per night.

Whether your objective is a rental-yield asset managed remotely from Warsaw or Berlin, a future holiday home, or a diversified addition to an existing overseas property investment portfolio, VIP Space Odyssey Phase 2 merits serious consideration. Varsovia Estate provides full acquisition support including legal due diligence, developer negotiations, and post-purchase rental management coordination — making entry into Phuket property for sale as straightforward as any European transaction.

Available Units

Studio29
$119,676(฿4,248,500)$165,197(฿5,864,500)
142 available units
1 Bedroom32
$130,704(฿4,640,000)$234,507(฿8,325,000)
84 available units
2 Bedrooms60
$196,479(฿6,975,000)$351,380(฿12,474,000)
42 available units

Investment Analysis

40%100%
0%20%
Monthly Net Income

$1,078

Annual Net Income

$12,938

Gross Rental Yield

14.0%

Net Rental Yield

10.8%

Value in 5 Years

$160,154

Total 5-Year ROI

88%

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

Plavatelnyy Basseyn
Detskaya Zona
Sportzal

Location

Similar Properties

Price Range

from $119,676(฿4,248,500)

$4,085/m²

Type

Condominium

Area

29–69 m²

Completion

2029-12-31

Available Units

267/285

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