2 Bedroom Apartment for sale at The Residence Kalim Bay complex · Patong · Sea View

The Residence operates under hotel management—the critical differentiator in Phuket's regulatory environment. Hotel-managed buildings with guest-facing operations are licensed under Thailand's Hotel Act B.E. 2547, legitimising sub-30-day lettings. Shared amenities include a communal pool, jacuzzi, gym, bar, clubhouse, kids' zone, 24/7 security, CCTV, parking, and garden areas. Juristic-person governance ensures building-wide STR alignment; house-rule bans (common in Thai-quota condos) are absent here.

This asset suits yield-focused investors with 2–5 year hold horizons. Patong's year-round tourist footfall (35–50 minutes from Phuket International Airport) sustains 70–80% occupancy across licensed buildings. Net yields after OTA fees, CAM, management, housekeeping, and realistic vacancy assumptions remain within industry-standard bands for hotel-managed Patong stock. Kalim's northern position offers a reprieve from Patong's central saturation—717+ listings compete in the main beach zone—while hotel management shields against the juristic-person STR-ban risk affecting non-licensed buildings under recent provincial enforcement.

Ownership structure is listed as company (likely Thai-quota); confirm foreign-freehold eligibility with the agent. Completed construction and full furnishing eliminate contingency risk. CAM and management fees are typical for Patong's hotel-managed class; obtain the juristic-person fee schedule before commit.