The Proud Residence

The Proud Residence is a completed premium apartment complex in Karon, Phuket, purpose-designed as a high-quality coastal residence and an investment product. The project comprises 191 units across two 7-storey buildings, with a selection of 1-bedroom apartments of 35 sqm (example price 7,382,410 THB or about 210,926 THB/sqm) and 2-bedroom units of 61 sqm (example price 18,048,996 THB or about 298,331 THB/sqm). Interiors follow a contemporary tropical concept with bright spaces, natural tones, minimal clutter, and generous glazing that connects living areas with private balconies, making the apartments comfortable for both permanent residence and short- or long-term rentals.

The on-site infrastructure is designed to deliver a resort-style lifestyle. Residents have access to a communal swimming pool, fitness centre, sauna, rooftop garden and restaurant, kids’ club, relaxation areas, reception lobby, parking, and 24/7 security with CCTV, as well as an on-site shop for daily essentials. These facilities, combined with the project’s FINISHED status, EIA approval, and owned land, give buyers a secure, ready-to-enjoy asset with minimal setup or furnishing concerns.

From an investment standpoint, The Proud Residence is positioned as a strong, well-balanced opportunity in Phuket’s Karon market. With a first-year cap rate of 4.7%, projected ROI of 7.6% and IRR of 9.7%, along with an overall ROI summary of 107%, the project is clearly tailored for investors seeking solid yields and capital appreciation. High scores for Location Rating (8.5), Comfort of Life (9), and Investment Potential (7.3) reflect the project’s attractive combination of walkable beach access, lifestyle amenities, and tourism-driven rental demand. Professional management on site further supports hands-off ownership and stable income generation.

The Proud Residence enjoys a prime position in the Karon area of Phuket, one of the island’s most popular and established beach destinations on the west coast. Karon Beach is reachable in just about 11 minutes on foot or approximately 3 minutes by car, giving residents quick and convenient access to a long sandy shoreline, beachfront restaurants, and a wide choice of water activities. Everyday convenience is excellent, with a shopping mall located roughly 6 minutes away on foot or just 1 minute by car, and numerous local shops, cafés, bars, and restaurants scattered throughout the immediate neighbourhood.

The project’s location combines resort-style living with practical connectivity. Phuket International Airport can be reached in about 70 minutes by car, offering straightforward access for international and domestic travel. Families will appreciate proximity to educational options, with the International School of Phuket (ISP) around 10 km away. The broader Phuket Town and other popular tourist hubs, beach clubs, and entertainment hotspots are within comfortable driving distance, making The Proud Residence a convenient base for exploring the island. This blend of walkable seaside lifestyle, nearby retail and dining, and easy regional access underpins the project’s strong Location Rating and enhances both quality of life and rental appeal.