PHUKET, THAILAND – A new luxury condominium project in Cherngtalay is offering significant discounts and incentives for early investors.
Up to 1,000,000 Baht in discounts is available, along with a immediately rentable luxury condo at the new Canvaz Palette Cherngtalay project. The pre-sale window is open only until June 30th. Purchasers will not only secure entry pricing in Phuket’s premium corridor but also a complimentary Thailand Long Stay Visa for their entire family with their purchase.
Cherngtalay Holds 54 Percent of Condo Offerings
Phuket’s northwestern coastline has significantly outpaced the rest of the island. As of the first quarter of 2025, Cherngtalay accounts for a substantial 54 percent of all active condominium listings on the island. One-bedroom units here can reach up to 19.4 million Baht, with an average price per square meter of 144,000 Baht, placing it at the very top of Phuket’s price scale.
The demand is primarily driven by buyers from Russia, Europe, the Middle East, and India. This area is becoming a significant hub for real estate investment.
Phase 1 Already Delivers Hard Rental Figures
Sansiri’s first project, Canvas Cherngtalay, located on Pasak-Koktanod Road, was completed in December 2025, achieving a 70 percent sales rate before its handover. This 1.8-billion-Baht project has been occupied since Q1 2026. The rental income from Phase 1 units is not just projected but confirmed by actual performance data.
Two-bedroom apartments generated monthly rentals of 80,000 to 110,000 Baht in their first year of operation. This provides concrete evidence for potential buyers of the new phase regarding investment returns.
295 Units Across Seven Rai – Fully Furnished on Handover
Canvaz Palette Cherngtalay is set to continue this success. The project comprises three five-story buildings with a total of 295 units, slated for completion in Q1 2028. Initial prices start around 160,000 Baht per square meter before promotional discounts are applied. One-bedroom units will begin at 49.68 square meters for 6.56 million Baht, while two-bedroom units will start at 62 square meters for 8.46 million Baht.
Penthouses, measuring 80.64 square meters, will be priced from 15.8 million Baht. Every unit will be fully furnished and ready for immediate rental upon handover, streamlining the investment process for owners.
Pool, Onsen, Co-Working, and LIV24 Surveillance
Residents will have access to a range of amenities including a swimming pool, jacuzzi, outdoor Onsen, sauna, fitness center, yoga area, and a dedicated co-working space. There is also a pet-friendly zone and EV charging stations for electric vehicle owners. Security is maintained around the clock with LIV24 surveillance.
The developer has designed the project for ease of ownership, particularly for investors. All interior finishing is handled by the developer, allowing owners to simply receive the keys, list their property, and begin renting it out.
10.3 Percent Net Yield on Short-Term Rentals
The projected return on investment is a key selling point for Canvaz Palette. With an estimated 61 to 63 percent occupancy rate through platforms like Airbnb and a 30 percent operational cost allowance, one and two-bedroom units are projected to achieve a net ROI of 10.0 to 10.3 percent.
For those opting for longer-term annual leases, the net return after commissions and management fees is expected to be between 6.3 to 6.5 percent. The developer estimates that the overall return, depending on the chosen management strategy, can range from 8 to 12 percent.
International School Opens in the Same Quarter
The North London Collegiate School Phuket is scheduled to open in the third quarter of 2028, coinciding precisely with the handover of Canvaz Palette. This strategic timing is expected to create a ready-made tenant pool comprising international families and professionals seeking proximity to the school.
This demographic is anticipated to support the long-term rental scenario, making the annual net yield of over six percent a stable alternative to the potentially more volatile short-term rental market. The presence of a top-tier international school enhances the desirability of the location for expatriate families.
Thailand Long Stay Visa Free with Purchase
As a significant incentive, Sansiri is including a Thailand Long Stay Visa package for buyers and their immediate families with their property purchase. The costs associated with obtaining this visa will be entirely waived for eligible buyers.
For foreign nationals looking to formalize their stay in Thailand in conjunction with a real estate acquisition, this offer removes one of the most substantial practical hurdles. It simplifies the process of establishing a long-term residence.
Payment Plan: 70 Percent Interest-Free Over Construction
The payment structure is designed to spread the financial commitment over approximately 18 months. A reservation fee of 100,000 Baht is required, followed by 30 percent upon contract signing. A further 20 percent is due as the first installment, with the remaining 50 percent payable upon handover in Q1 2028. Crucially, the 70 percent balance after the initial payment is interest-free throughout the construction period.
This financing arrangement offers a significant capital cost advantage for international buyers, a benefit not commonly found in comparable property markets. It makes investing in Phuket more financially accessible.