The Element Condo: Kamala Apartments from 4.2M THB

The Element Condo by Anocha is a low-rise condominium development in Kamala, one of Phuket’s most consistently undervalued west-coast addresses. Four seven-storey buildings hold 278 apartments across two unit configurations: one-bedroom units from 30 to 93 square metres, and two-bedroom units from 49 to 169 square metres. Entry pricing starts at 4,248,640 THB for a one-bedroom, which at current exchange rates sits in a range that most international buyers can access without institutional financing. Construction is ongoing, with completion scheduled for Q2 2027, giving buyers entering now roughly twelve to fourteen months of construction period before transfer obligations arrive.

The project includes a coworking facility alongside the gym, a combination that is relatively rare at this price level in Kamala and that speaks directly to the digital nomad and long-stay segment that has been moving into Phuket’s quieter western neighbourhoods since 2022. If your investment thesis involves monthly rentals to remote-working professionals rather than purely peak-season tourist short-stays, a coworking facility on site is a genuine differentiator, not a brochure item.

The payment plan follows a 35/15/10/40 structure. That final 40% payment on completion is the largest single instalment and requires careful cash planning, particularly for foreign buyers who need to arrange Foreign Exchange Transaction certificates to register freehold title. More on this in the foreign ownership section below.

This review covers the Kamala location in depth, the full unit mix and payment structure, the amenities in context, the investment case for a 4.25M THB one-bedroom, the ownership options available to foreign buyers, and the specific risks that are material for this type of project.

What Should You Know About Kamala: The Quiet Beach That Long-Stay Residents Choose?

Kamala: The Quiet Beach That Long-Stay Residents Choose on The Element Condo means foreign buyers should verify quota, payment milestones, and net rental assumptions in writing before deposit. MORE Group kamala reservation files require documented checks on every off-plan purchase, with 49% foreign quota confirmed per unit, not per project marketing alone.

Factor	MORE Group benchmark
Net yield	5 to 7% after 20 to 25% operator fees
Peak occupancy	75 to 85% on comparable managed units

Patong is Phuket’s nightlife and tourism epicentre. High footfall, high noise, high short-stay demand, and property prices that reflect the brand recognition even when yield calculations rarely justify them at face value. Patong buyers are typically acquiring the name and the liquidity, accepting compressed yields in exchange for visibility and volume of potential tenants.

Bang Tao and Surin represent the island’s premium residential market. Laguna Phuket, villa communities, and international school proximity have made this stretch the preferred address for long-term expatriate residents and high-net-worth second-home buyers. Entry prices have moved accordingly. Meaningful villa or condo product in Bang Tao now starts well above 10 million THB, and anything near the beach carries a premium that pushes serious investment calculations into single-digit yields.

Kamala occupies a different position. It has a genuine village character that has survived development pressure better than most Phuket beach communities. The beach runs for over two kilometres and remains relatively uncrowded by island standards. The street scene is local restaurants, motorbike rental shops, small convenience stores, and dive schools, the infrastructure of a place where people actually live, not just visit.

The Intercontinental Phuket Resort opened on the hill above Kamala Bay and recalibrated what buyers and guests expected from the area. A five-star anchor property of that profile signals to the rental market that high-spending guests are willing to pay Kamala rates, which historically were lower than Surin or Bang Tao despite the beach quality being comparable. This repricing effect is visible in nightly rates and in land transactions over the past three years.

The long-stay profile is the key differentiator for Kamala. Digital nomads, freelancers, and remote-working couples have gravitated toward Kamala specifically because it is quieter than Kata or Patong, less expensive than Bang Tao, and has the beach proximity that makes the lifestyle work. Monthly rental demand here is more consistent than in pure tourist areas, which smooths the seasonal dip that affects occupancy in more holiday-skewed markets.

For buyers comparing Kamala to neighbouring beach communities, the area guide to Kamala property investment provides detailed data on the neighbourhood’s price trajectory and tenant profile. The broader Phuket areas guide covers how Kamala sits relative to all major sub-markets across the island.

The characteristic of Kamala that matters most for The Element Condo specifically is the low-rise, residential scale of the neighbourhood. A seven-storey building of 278 units does not feel oversized in Kamala the way it might in Patong. The built environment around it is low-rise and relaxed. Buyers who want urban density and hotel-strip energy should look elsewhere. Buyers who want a beach address with a neighbourhood feel will find Kamala, and The Element Condo within it, genuinely different from the condo towers that dominate Patong or Karon.

The broader context of Kamala’s investment case is explored further in the Phuket property market prices guide for 2026, which compares price-per-sqm movement across sub-markets including the Kamala and west-coast corridor.

What Should You Know About Scale with Substance: 278 Units Across Four Buildings?

Scale with Substance: 278 Units Across Four Buildings on The Element Condo means foreign buyers should verify quota, payment milestones, and net rental assumptions in writing before deposit. MORE Group kamala reservation files require documented checks on every off-plan purchase, with 49% foreign quota confirmed per unit, not per project marketing alone.

Factor	MORE Group benchmark
Net yield	5 to 7% after 20 to 25% operator fees
Peak occupancy	75 to 85% on comparable managed units

The project spreads across four separate buildings, each seven storeys high. This structure matters more than the headline unit count. A single 278-unit tower creates a very different ownership environment from four buildings of roughly 70 units each. Four buildings means four separate stairwells and lifts, four sections of pool and garden access, and effectively four smaller community clusters within one development. Common areas feel less congested. Pool time, gym access, and general movement through the project are distributed rather than concentrated.

For rental management purposes, four buildings also creates some practical separation. If one building’s rental pool is performing strongly while another needs attention, an operator can address them separately without the whole project being painted with one brush. For buyers selecting a specific unit, the building and floor position matter, and the four-building layout gives more meaningful variation in views, orientation, and proximity to amenities than a single tower would.

Developer track record matters for any off-plan purchase. Anocha is the developer behind The Element Condo. Buyers should verify current project status, construction progress, and any previous completed projects during due diligence. The off-plan property guide for Phuket sets out the full process for evaluating developer credibility before committing deposits, including what documents to request and what construction milestones should be tied to payment releases.

The 278-unit total also has implications for the resale market. At completion, there will be a pool of apartments in the same project available simultaneously, which historically creates some short-term price competition as original buyers either sell or rent out. Buyers planning a medium-term hold of three to five years should factor in that the peak resale supply period for this project will arrive around 2027 to 2028, and should calibrate exit timing against expected market conditions at that point.

Q2 2027 as a completion date is approximately 12 to 14 months from mid-2026. That construction timeline is meaningful in two ways. First, it limits the period during which buyers carry payment obligations without rental income. The 35% down payment and two intermediate payments cover most of the construction window, with the 40% completion payment arriving when keys are handed over and rental income can start. Second, 12 to 14 months gives buyers who have not yet secured financing or FET arrangements enough runway to get organised, which is genuinely useful for buyers whose funds are held in multiple currencies or jurisdictions.

One practical note: Anocha as a developer is not yet in the tier of Phuket names that carry broad market recognition, unlike Sansiri, Origin, or Laguna. This is not a disqualifier, but it does mean buyers must complete more of their own verification work rather than relying on public track record. Request a list of completed projects, visit one if possible, and ask for banker or solicitor references. The absence of a long track record is a risk to price in, not necessarily a reason to walk away.

What Should You Know About Full Unit Mix and Pricing?

Full Unit Mix and Pricing on The Element Condo means foreign buyers should verify quota, payment milestones, and net rental assumptions in writing before deposit. MORE Group kamala reservation files require documented checks on every off-plan purchase, with 49% foreign quota confirmed per unit, not per project marketing alone.

Unit type	Size range (sqm)	Price range (THB)	Approx. price per sqm
1-bedroom	30 to 93	4,248,640 to 17,500,000	approx. 140,000 to 190,000
2-bedroom	49 to 169	4,880,000 to 31,867,290	approx. 100,000 to 190,000

The price-per-sqm range is wide within both unit types, reflecting the difference between smaller lower-floor units and larger higher-floor or better-oriented units. The entry-level 1-bedroom at 4,248,640 THB is a 30 sqm unit, which is a compact layout suited to a single occupant or couple. The upper end of the 1-bedroom range at 17.5 million THB covers 93 sqm, which is a generous apartment by any Phuket condo standard and would function well as a private residence or a high-end short-stay rental commanding premium nightly rates.

The 2-bedroom range is notably wide at the top. Units reaching 169 sqm at 31.8 million THB are effectively large family apartments, competing against villas on usable space at villa-adjacent prices. For most yield-focused investors, the 1-bedroom entry-level units offer the most straightforward return calculation.

Payment Plan: 35/15/10/40

Instalment	Trigger	Percentage
First payment	Reservation and contract signing	35%
Second payment	Construction milestone	15%
Third payment	Construction milestone	10%
Final payment	Completion and transfer	40%

The 40% completion payment is the largest single amount in this schedule. Buyers should plan this instalment early, especially foreign nationals who need to transfer funds internationally and obtain FET certificates for freehold registration. FET documentation requires that funds arrive in Thailand in foreign currency and are exchanged at a Thai bank, which creates a lead time that cannot be compressed to a few days before transfer. If funds are held in a pension, trust, or offshore structure, additional planning time is needed.

For a 1-bedroom entry unit at 4,248,640 THB, the 40% completion payment represents approximately 1,699,456 THB as a single instalment. This is a meaningful sum and should be held in a liquid, accessible account well before the transfer date, not earmarked from anticipated rental income or future asset sales.

What Should You Know About Amenities: Coworking and Gym?

What Should You Know About Amenities: Coworking and Gym for The Element Condo means matching kamala tenant demand to unit size and walk time to beach, because ADR swings 15 to 25% within one postcode. MORE Group shortlists compare three micro-locations and verify foreign buyer quota on the exact building phase before reservation.

Factor	MORE Group benchmark
Net yield	5 to 7% after 20 to 25% operator fees
Peak occupancy	75 to 85% on comparable managed units

The coworking facility is the more strategically interesting of the two. Kamala has been attracting digital nomads and location-independent professionals for several years, and that segment looks for different things in a rental than a tourist on a two-week holiday does. A guest spending three months in Kamala wants a stable Wi-Fi connection, a place to work that is separate from the bedroom, and a kitchen for cooking, far more than they want a swim-up bar or a beach club membership they may use twice. A coworking space in the building eliminates the need to find a coffee shop or working venue outside, which is genuinely useful in Kamala where the supply of good working environments is thin compared to Chiang Mai or central Phuket areas.

For investors targeting monthly rentals in the range of 25,000 to 50,000 THB per month, the coworking facility is a legitimate listing point. It differentiates The Element Condo from buildings of similar quality and price in the same neighbourhood that offer only a pool and a gym. On platforms like Airbnb and longer-stay aggregators, the ability to specify a dedicated workspace in the building generates a measurably different inquiry profile, particularly from travellers planning stays of 30 days or more.

The gym is competent rather than exceptional. For serious gym users, it will not replace a dedicated gym membership at one of the island’s fitness facilities. For the majority of tenants who want incidental fitness access without leaving the building, it is adequate and convenient.

What is absent at this project is worth noting for buyers comparing options. There is no onsite restaurant or cafe, no beach club, no spa, and no concierge service. Higher-specification projects at the 15 to 25 million THB range in nearby Bang Tao or Surin typically include several of these. The Element Condo is priced accordingly, and buyers who need those amenities should explore other projects where the facility set matches their requirements.

The pool and communal areas are the social heart of the project. At 278 units across four buildings, the resident population will be large enough that the pool sees genuine use but small enough per building that it does not feel like a hotel lobby. For long-stay tenants, this is usually the preferred middle ground: enough activity to feel safe and sociable, not so much that it resembles a resort common area.

What Should You Know About Location Analysis?

What Should You Know About Location Analysis for The Element Condo means matching kamala tenant demand to unit size and walk time to beach, because ADR swings 15 to 25% within one postcode. MORE Group shortlists compare three micro-locations and verify foreign buyer quota on the exact building phase before reservation.

Factor	MORE Group benchmark
Net yield	5 to 7% after 20 to 25% operator fees
Peak occupancy	75 to 85% on comparable managed units

Kamala Beach: 4 minutes by car. For renters and personal users, this is the headline number. Walking distance depends on the specific unit position within the compound, but a short drive or scooter ride to the sand is the reliable measure. Kamala Beach is two kilometres of relatively uncrowded coastline, with clear water for most of the year and manageable swimming conditions outside the peak monsoon weeks of September and October.

Patong: approximately 10 minutes by car. Patong is Phuket’s entertainment district: Bangla Road, beach clubs, restaurants across every price range, and the island’s densest concentration of tourist infrastructure. For tenants who want Kamala quiet during the day and Patong energy in the evening, The Element Condo’s position gives access to both without requiring either to be sacrificed.

Surin Beach: approximately 15 minutes by car. Surin is the island’s premium beach, associated with the Catch Beach Club, high-end restaurants, and a European clientele willing to pay significantly more for the address. Having Surin fifteen minutes away adds a social and dining option that Kamala itself cannot supply at that price level.

Phuket International Airport: approximately 45 minutes by car. This is a meaningful number for investors. Long-stay tenants arriving and departing monthly, or short-stay tourists doing weekly turnovers, need an airport transfer that is practical. At 45 minutes, Kamala is within the standard transfer range that guests accept without complaint. Longer journeys, common from the south of the island, start to affect booking behaviour on platforms where transfer time is listed.

Central Festival Shopping Mall: approximately 25 minutes by car. Central Festival is Phuket’s main retail and supermarket destination. For monthly renters with families or for personal-use buyers doing extended stays, proximity to a full-range supermarket is a practical requirement. 25 minutes is an acceptable distance for weekly grocery runs.

The location also places The Element Condo within reasonable distance of the international school options on the north of the island, relevant for buyers planning to use the property as a primary or secondary residence while children are school-age. This adds a further layer of potential tenant profile beyond the tourist and digital nomad categories: relocating families looking for a temporary base near the international school corridor.

What Should You Know About Investment Case: 1-Bed at 4.25M in Kamala?

Investment Case: 1-Bed at 4.25M in Kamala on The Element Condo means foreign buyers should verify quota, payment milestones, and net rental assumptions in writing before deposit. MORE Group kamala reservation files require documented checks on every off-plan purchase, with 49% foreign quota confirmed per unit, not per project marketing alone.

Factor	MORE Group benchmark
Net yield	5 to 7% after 20 to 25% operator fees
Peak occupancy	75 to 85% on comparable managed units

Kamala nightly rates for a 1-bedroom apartment in a mid-range condo development currently range from approximately 2,500 THB to 4,500 THB per night on short-stay platforms, depending on season, unit quality, and beach proximity. The Element Condo’s location and specification should support the mid-to-upper portion of that range once the building has an operational rental history.

At a midpoint nightly rate of 3,500 THB and an annual occupancy of around 65 to 70 percent (achievable in Kamala for a well-managed unit), gross annual rental income on a 1-bedroom unit reaches approximately 830,000 to 900,000 THB. Management fees in Phuket typically run between 20 and 30 percent of gross for short-stay managed programs. After deducting 25 percent for management, utilities provision, and platform fees, net income on a 1-bedroom reaches roughly 620,000 to 675,000 THB per year.

Against an entry price of 4,248,640 THB, that produces a net yield in the range of 14 to 16 percent before carrying costs at the low entry price. The more realistic calculation should include common area maintenance fees, sinking fund contributions, and insurance, which together typically add 50,000 to 80,000 THB per year. Adjusting for those costs pulls the yield to approximately 7 to 9 percent net, which is in line with Phuket’s established return range for well-located managed short-stay apartments.

The long-stay rental alternative offers different numbers. A 1-bedroom apartment in Kamala at this quality level lets monthly for approximately 25,000 to 40,000 THB per month. At 35,000 THB per month with year-round occupancy, annual gross income is 420,000 THB, producing a gross yield of approximately 10 percent and a net yield of 7 to 8 percent after management fees, with significantly lower operating costs than short-stay because turnover and cleaning frequency are lower.

The appeal of long-stay from a management perspective is the coworking angle: tenants who come specifically to work remotely tend to stay longer, treat the unit more carefully, and generate fewer maintenance calls than rotating holiday guests. An investor who fills the unit with three-month and six-month stays will spend less on linens, cleaning, and minor repairs than one running weekly turnovers at peak-season prices.

The 40% completion payment requires advance planning. At the entry price of 4,248,640 THB, 40% on completion represents approximately 1,699,456 THB arriving as a single payment at transfer. For buyers who have been paying the earlier instalments from income or savings, this final payment is materially larger than anything that came before. Building a dedicated fund for this instalment, rather than assuming it will be covered from general liquidity at the time, is the approach that experienced Phuket buyers typically take.

Capital appreciation is harder to model but worth including in the overall investment picture. Kamala’s repricing relative to Bang Tao has been ongoing, and supply of new freehold-eligible product at the lower price tiers has been limited. If the Intercontinental’s effect on the area continues to compound, early buyers in developments like The Element Condo are positioned to benefit from the gap closing between Kamala prices and those in Bang Tao. This is a directional observation rather than a guarantee, and buyers should not depend on capital gains to make the yield numbers work.

For the full analysis of rental yield methodology and Phuket market averages, the Phuket rental yield guide provides occupancy benchmarks by location, seasonal adjustment factors, and a comparison of short-stay versus long-stay return profiles across different property types.

What Should You Know About Foreign Ownership Structure?

Foreign Ownership Structure on The Element Condo means foreign buyers should verify quota, payment milestones, and net rental assumptions in writing before deposit. MORE Group kamala reservation files require documented checks on every off-plan purchase, with 49% foreign quota confirmed per unit, not per project marketing alone.

Factor	MORE Group benchmark
Net yield	5 to 7% after 20 to 25% operator fees
Peak occupancy	75 to 85% on comparable managed units

For The Element Condo, with 278 units across four buildings, the foreign freehold quota is calculated building by building. As of June 2026, buyers should confirm directly with the developer or the juristic office how much of the freehold quota remains unsold in their preferred building. Foreign freehold quota, once sold out in a building, cannot be replenished unless existing foreign owners sell and the quota re-enters the market.

Foreign buyers must confirm quota availability before reserving. A reservation agreement without a written confirmation of freehold quota availability for your specific unit is an incomplete transaction. This is not a bureaucratic formality; it determines the legal form of your ownership and your future ability to transfer the title.

The leasehold alternative is available to buyers for whom the freehold quota is full or who prefer a lower entry cost. Thai property law permits leasehold terms of 30 years with two optional renewals, potentially providing up to 90 years of use rights. Leasehold does not confer the same title security as freehold, but it is a widely used structure in Phuket and appropriate for buyers whose primary motivation is income rather than capital value preservation.

For foreign buyers purchasing freehold, funds must arrive in Thailand in foreign currency via international wire transfer and be exchanged at a Thai bank. The bank will issue a Foreign Exchange Transaction form, which is the documentation required to register freehold title. Without a valid FET form, a foreign national cannot be registered as a freehold owner regardless of payment status. The FET requirement is the single most common administrative gap that delays or complicates transfers for first-time foreign buyers in Thailand.

Q2 2027 as the completion date gives buyers entering in mid-2026 approximately 12 months to organise FET documentation. This is adequate time for most buyers, but only if the process is started early rather than deferred until a few weeks before transfer.

The freehold versus leasehold guide for Thailand covers both structures in detail, including the practical differences in title security, resale, inheritance, and mortgage access.

What Should You Know About Buyer Scenarios?

Buyer Scenarios on The Element Condo means foreign buyers should verify quota, payment milestones, and net rental assumptions in writing before deposit. MORE Group kamala reservation files require documented checks on every off-plan purchase, with 49% foreign quota confirmed per unit, not per project marketing alone.

Factor	MORE Group benchmark
Net yield	5 to 7% after 20 to 25% operator fees
Peak occupancy	75 to 85% on comparable managed units

The yield investor targeting 7 to 9 percent net. This buyer is allocating capital to Phuket real estate for income. The entry price at 4,248,640 THB is low enough that the yield percentages are meaningful in absolute terms even if the gross income does not make headlines. The investor in this category is typically comparing multiple projects across different Phuket sub-markets and evaluating The Element Condo against alternatives in Kata, Patong, or Bang Tao at similar price points. The Kamala advantage is that the price is still below where Bang Tao or Surin has moved, but rental quality is rising, particularly for the long-stay segment. The risk is that Kamala has not yet proven the kind of yield track record that Bang Tao managed-rental programs have accumulated over a decade.

The digital nomad lifestyle buyer. This buyer wants a base in Phuket that functions both as a personal residence and as a rental asset when not in personal use. The coworking facility is a direct amenity match. The location in a quiet, walkable beach neighbourhood with practical infrastructure is the lifestyle match. The 4.25M THB entry point makes personal-use ownership accessible without requiring a substantial renovation or upgrade budget on arrival. This buyer typically models 60 to 90 days of personal use per year and expects rental income during the remaining period to cover carrying costs and contribute to yield.

The portfolio diversifier adding Kamala to existing Bang Tao holdings. This buyer already owns property in Bang Tao or Laguna and is adding a lower-price-point Phuket asset in a different location to spread both capital risk and geographic rental risk. If Bang Tao faces a difficult season, Kamala may not follow the same curve. The entry price difference between the two sub-markets is the practical enabler: the capital required for a Kamala 1-bedroom would not secure anything meaningful in central Bang Tao, making it a genuinely additive allocation rather than a trade-off between comparable options.

For buyers still deciding which part of Phuket suits their goals, the complete buying property in Phuket guide covers the full purchase process, ownership structures, transfer costs, and market context across all major sub-markets.

What Risks and Due Diligence Should Foreign Buyers Track?

Risks and Due Diligence for foreign buyers on The Element Condo means confirming 49% quota in writing, SPA milestones tied to construction, and net yield after 20 to 25% operator fees before any reservation fee. MORE Group kamala files stress-test at 70 to 80% peak occupancy using 2024 to 2025 sister-unit data, not brochure ADR alone.

A lawyer review of the sale and purchase agreement is standard practice for off-plan purchases in Thailand. The SPA should specify construction milestone payment triggers, defect liability periods, completion timelines with penalty provisions, and the mechanism for registering ownership at transfer. The due diligence step-by-step guide sets out the document checklist, the title search process, and the lawyer review requirements that should accompany any off-plan purchase in Thailand.

The 40% completion payment deserves additional emphasis in the risk register. Many buyers who found the 35% down payment manageable discover that the final instalment at transfer represents a cash demand they had not adequately planned for, particularly if rental income was expected to be running by that point and it is not yet. Treat the 40% payment as a guaranteed cash outflow, plan the liquidity twelve months in advance, and do not depend on proceeds from another asset sale arriving at the same time unless those proceeds are already contracted.

Frequently Asked Questions

What is the starting price at The Element Condo? +

One-bedroom apartments at The Element Condo by Anocha start at 4,248,640 THB for a 30 sqm unit. Two-bedroom units start at approximately 4,880,000 THB. Prices at the top of the range reach 31,867,290 THB for large two-bedroom units of up to 169 sqm. The entry-level 1-bedroom is a compact unit suited to a single occupant, couple, or rental investor seeking the lowest capital entry point in the project.

When is The Element Condo expected to complete? +

The developer has scheduled completion for Q2 2027. Buyers should confirm this timeline in writing in the sale and purchase agreement, along with any penalty provisions for delays. As of mid-2026, construction is underway and the timeline represents approximately 12 to 14 months from contract signing to transfer.

Can foreigners buy freehold at The Element Condo? +

Yes, foreign nationals can purchase units in freehold title subject to the 49 percent of total floor area foreign quota limit per building. The project has four buildings, so quota is assessed building by building rather than across the whole development. Buyers must confirm that freehold quota remains available for their specific unit before reserving. Funds must arrive in Thailand as a foreign currency international wire transfer to obtain the FET certificate required for freehold registration.

What rental yield can I expect from a 1-bedroom unit in Kamala? +

Based on current Kamala market rates for comparable units, a 1-bedroom apartment at this location and price point can broadly expect net yields in the range of 7 to 9 percent after management fees, common area charges, and typical platform costs. The coworking facility supports the long-stay digital nomad segment, which tends to generate lower management costs and more stable year-round occupancy than short-stay tourist programs. All yield figures should be stress-tested against actual operator occupancy data before purchase.

What is the payment plan for The Element Condo? +

The payment schedule is structured as 35 percent on reservation and contract signing, 15 percent at a construction milestone, 10 percent at a further construction milestone, and 40 percent at completion and transfer. The final 40 percent is the largest single instalment and should be planned for in advance. Foreign freehold buyers in particular need to arrange international wire transfers and FET documentation well before the transfer date, a process that requires several weeks of lead time.