Above element

Above Element is a new condominium project by the reliable developer Art House Group, located in one of Phuket’s most prestigious areas — Bangtao, close to Laguna.
The project features 263 stylish apartments, well-developed on-site facilities, and a prime location surrounded by luxury villas, five-star resorts, and some of the island’s best beaches. The condominium is suitable for permanent living, holiday use, and investment, benefiting from the ongoing growth of the area.

‍

Architecture and Layouts
The project showcases contemporary architecture in light tones, with an emphasis on vertical lines and large windows.

• 1-, 2-, and 3-bedroom apartments ranging from 38 to 138 sqm
• Thoughtfully designed layouts with en-suite bathrooms
• Fully equipped kitchens and installed air conditioning
• Optional furniture packages for a turnkey solution

‍

Location

• Bangtao — one of Phuket’s most prestigious residential areas
• 5 minutes to Villa Market and Boat Avenue
• 5 minutes to Porto de Phuket
• 30 minutes to Phuket International Airport

The area offers convenient access to beaches, restaurants, luxury hotels, international schools, sports, and leisure facilities.

‍

Facilities and Amenities

• Professional Dynamic sports complex
• Second branch of the well-known Mirage Restaurant
• Children’s club
• Multifunctional library with creative studios, cinema zone, and coworking space
• Swimming pool and relaxation areas
• Rooftop garden with photo zones and cocktail bar
• Lobby and reception
• Underground parking
• 24/7 security and CCTV
• Daily shuttle service to the supermarket, water park, and beach

‍

Investment and Returns
The project is offered at the pre-sale stage. As construction progresses, prices may increase by 20–30% by completion, subject to unit availability.

Available options:

• 3% annual cashback until completion with 100% payment
• 5% discount for 50% payment within one month from reservation
• 15% discount when opting out of the 3-year guaranteed rental program after completion
• Guaranteed rental return of 5% per annum for 3 years (rental pool 60/40), subject to developer’s terms

‍

Payment Schedule

• Reservation deposit — 150,000 THB
• Contract signing within 30 days — 35%
• Land preparation and construction start — 10%
• Foundation completion — 15%
• Main structure completion — 15%
• Window installation — 15%
• Completion and handover — 5%
• Ownership transfer and documentation — 5%

‍

Additional Fees

• Transfer tax (leasehold) — 1%
• Transfer tax (freehold) — 2%
• Sinking fund — 800 THB/sqm (one-time payment)
• Common area maintenance (CAM) — 80 THB/sqm per month (paid annually in advance)

‍

Ownership Options and Freehold Surcharges

• Leasehold — long-term lease up to 90 years (3×30)
• Freehold — full ownership available for an additional fee:
  • 1 bedroom — 290,000 THB
  • 2 bedrooms — 350,000 THB
  • 3 bedrooms — 700,000 THB

‍

Frequently Asked Questions

What ownership options are available for foreigners?
— Both leasehold and freehold are available. Freehold is subject to an additional fee depending on unit type.

Can the apartments be rented out?
— Yes. The project is designed for resort rentals and offers both a guaranteed return program and a rental pool (60/40).

What is included in the apartment price?
— Finished interior, fully equipped kitchen, bathrooms, and installed air conditioning. Furniture is available as an optional package.

What are the ongoing fees?
— Common area maintenance (CAM) of approximately 80 THB/sqm per month, plus a one-time sinking fund contribution of 800 THB/sqm at purchase.

When is the project completion expected?
— Approximately end of 2024 (subject to confirmation at the time of enquiry).

‍

Key Advantages

• New project by the established developer Art House Group
• Prestigious Bangtao location near Laguna and major infrastructure
• Extensive on-site facilities: sports complex, restaurant, clubs, coworking
• Flexible layouts from 1 to 3 bedrooms and structured payment plans
• Guaranteed rental return options and payment-based discounts
• Strong capital appreciation potential and high rental demand in the area

‍