Residences at Garrya Phuket Review 2026: Tongsai Bay, Prices, Investment Analysis
Full review of Residences at Garrya Phuket 2026 by Banyan Group. Exclusive 38-unit development, pricing from $430K, Tongsai Bay location, yields, and investment analysis.
Residences at Garrya Phuket Review 2026: Tongsai Bay, Prices, Investment Analysis
The Residences at Garrya is the most exclusive product within Banyan Group’s Laguna Lakelands masterplan — just 38 units, positioned within the Garrya Tongsai Bay hotel concept. This is not a condominium investment play in the conventional Phuket sense: it is a branded hotel residence, combining private ownership with five-star hotel service, spa access, and a bay-facing location that commands exceptional views.
At 38 units, Garrya is priced accordingly — from $430,000 to $1.9 million — and targets buyers for whom lifestyle quality and brand exclusivity matter as much as, or more than, yield.
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Location: Tongsai Bay Setting
The Garrya Tongsai Bay concept is built around a bay-facing hotel and residence experience. Tongsai Bay — distinct from the open-coast Bang Tao stretch — offers a more protected, private water setting: calm conditions, curated beach access, and the visual drama of a bay-enclosed sea view.
- Hotel facilities: restaurant, spa, infinity pools, beach access
- Privacy: 38 units ensures a non-crowded, resort-exclusive atmosphere
- Bang Tao proximity: hotel zone within the broader Bang Tao / Laguna corridor
For buyers who have stayed at Garrya properties across Asia (Bangkok, Ubud, Itaewon) — the brand delivers a consistently quiet, design-led, wellness-oriented guest experience. The Phuket edition extends that into residential ownership.
Units and Pricing
| Unit type | Units | Price range | Delivery |
|---|---|---|---|
| 1–2 bedroom suites | ~25 | $430K–$900K | Q2 2027 |
| Premium / penthouse | ~13 | $900K–$1.9M | Q2 2027 |
Delivery: Q2 2027 (construction started Q1 2025).
This is longer than Skypark Elara’s October 2026 delivery — buyers need to factor 12–18 months of capital waiting time before rental income commences.
Yield and Rental Management
At this price point and exclusivity level, rental yields are lower than mass-market Bang Tao condos — but nightly rates are significantly higher:
| Scenario | Nightly rate (1BR) | Gross yield |
|---|---|---|
| Hotel-managed rental pool | $300–$600 | 4–6% |
| Personal use dominant | N/A | Capital appreciation focus |
Net yield after Banyan Group management (estimated 25–35%): 3–4.5%
Garrya buyers typically prioritise capital appreciation (brand exclusivity and scarcity) and personal lifestyle use over yield maximisation. This is a correct approach for this product tier.
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Investment Assessment
Strengths:
- Ultra-exclusive 38-unit product — scarcity creates resale premium
- Garrya brand — established globally across Asia’s premium leisure market
- Bay-facing views are a permanent competitive advantage versus inland product
- Banyan Group operational infrastructure handles all guest services
Risks:
- 2027 delivery — longer capital tie-up vs near-term products
- Management fee structure at 25–35% is at the high end
- Less liquid resale than mass-market units — buyer pool is narrower (HNW only)
- Masterplan construction in adjacent phases through 2027–2028
Who this suits: Buyers with $430K–$1.9M+ seeking branded exclusivity, bay views, Banyan Group quality, and a property that functions as both a lifestyle asset and a capital preservation vehicle.
Frequently Asked Questions
The Residences at Garrya is a 38-unit branded hotel residence within Banyan Group's Laguna Lakelands masterplan in Phuket. It is co-located with the Garrya Tongsai Bay hotel, offering owners five-star hotel services, spa access, and bay views.
Construction started Q1 2025 with delivery scheduled for Q2 2027.
Prices range from $430,000 to $1.9 million depending on unit type, floor, and view. The project targets HNW buyers and lifestyle investors.
Units registered as condominium can be purchased freehold by non-Thai buyers under the 49% foreign quota. Confirm the exact title structure and foreign quota availability with a legal adviser.
Branded hotel residences at this exclusivity level typically achieve gross yields of 4–6%, with net yields of 3–4.5% after management fees. Buyers at this level typically prioritise lifestyle and capital appreciation alongside rental income.
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