Pirak Condominium Cherngtalay
Entry-Level Island Living with Immediate Occupancy
Key Facts
| Type | Condominium |
| Completion | Ready to Move In — 2025-12-31 |
| Total Units | 168 |
| Available Units | 168 |
| Area | 44 – 143 m² |
| Price Range | $73,876 – $646,265 |
| Price per m² | $1,671/m² |
Description
Pirak Condominium Cherngtalay marks the debut project from Pirak Property, a developer focused on accessible island living in Phuket's expanding Cherngtalay district. Completed in December 2025 and ready for immediate occupancy, this 168-unit development targets investors seeking entry-level pricing in one of Thailand's most dynamic resort markets-just minutes from Bang Tao Beach and the international lifestyle hub of Boat Avenue.
The project's investment credentials are straightforward: anticipated rental yields of 6.2% annually, with projected 8.5% total ROI driven by Phuket's rebounding tourism sector and infrastructure expansion linking Cherngtalay to the airport. With one-bedroom units starting at THB 2.62 million (€66,000), this represents one of the lowest per-square-meter rates for completed inventory in the Bang Tao catchment area-a rare opportunity for European investors exploring diversification into Southeast Asian holiday rental markets without seven-figure commitments.
Layout options span compact 44sqm one-bedroom units ideal for Airbnb optimization, through to 143sqm three-bedroom penthouses suited for family rentals or personal vacation use. All residences include fully fitted kitchens, air conditioning, and access to shared facilities: swimming pool, children's paddling area, jacuzzi zone, landscaped gardens, and a modest gym. The development's modest scale-168 units rather than mega-project sprawl-ensures lower service charges and more personalized community management, factors often overlooked by first-time overseas buyers.
Cherngtalay's appeal lies in its positioning between established luxury (Laguna Phuket resorts) and emerging value districts. Varsovia Estate's team inspected the site in November 2024 and noted robust construction quality, though interiors lean functional rather than luxury-grade finishes. For investors prioritizing cash flow over capital appreciation, Pirak Condominium delivers: immediate tenancy availability, established rental management networks nearby, and pricing that allows comfortable financing terms for European nationals. As Pirak Property's flagship, it sets the tone for their pipeline-practical, no-frills island real estate at prices that still exist in 2025.
Available Units
Investment Analysis
$1,611
$19,328
33.9%
26.2%
$113,667
185%
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 Layan / Cherng Talay, Phuket market averages for 2024-2025. All calculations are estimates. Actual returns may vary. This is not financial advice.
Amenities
Location
Similar Properties
Price Range
from $73,876(฿2,622,600)
$1,671/m²
Type
Condominium
Area
44–143 m²
Completion
2025-12-31
Available Units
168/168