Rental yields at The Title: rents by project and net income

Yields by project

The strongest long-term rental results today come from Legendary Bang Tao (≈9.2%) and Halo 1 Nai Yang (≈9.1%). Gross yield here is annual rent per sqm divided by sale price per sqm, using median October 2026 asking prices, before costs and vacancy.

• The Title Legendary Bang Tao — ≈9.2%. Rents ฿25,000–130,000 a month, median about ฿60,000. Nightly ฿2,180–6,336, the highest in the line-up.
• The Title Halo 1 Nai Yang — ≈9.1%. Rents ฿30,000–80,000, median about ฿40,000. Nightly ฿1,800–2,850.
• The Title Residencies Nai Yang — ≈8.8%. Rents ฿20,000–50,000, median about ฿27,500. Nightly ฿1,500–3,000. The lowest entry point, from ฿2.5–3.5 million.
• The Title Rawai Phase 1–2 — ≈8.3%. Rents ฿22,000–65,000, median about ฿32,000. Nightly ฿1,200–2,930. More than 50 long-term rental listings — the most liquid market.
• The Title Rawai Phase 3 — ≈7.9%. Rents ฿30,000–55,000 a month.

Why the numbers differ

Legendary and Halo 1 are new buildings with full facilities: pools, gyms, clubhouse areas. Tenants pay for that, and in Bang Tao there is added demand from families and people working around Laguna. Residencies Nai Yang is cheaper to buy, so a modest rent still gives a high percentage. Rawai relies on year-round residents: rents are lower, but units stand empty less.

Projects under construction have no rental history yet, but early signals are there. Serenity Nai Yang is already being let ahead of full completion: ฿1,620–3,125 a night, or ฿35,000–45,000 a month long-term. Cielo Rawai has a long-term listing at around ฿75,000 a month.

What reduces income: from gross to net

Net yield is usually 2–4 percentage points below gross. The main items:

• common area fee — ฿75–85 per sqm a month, about 0.6–0.8% of the price a year
• vacancy between tenants — one empty month costs about 8% of annual rent
• agent's fee for finding a tenant — typically one month's rent on a 12-month lease
• management for nightly letting — usually 20–30% of revenue, plus cleaning and linen
• replacing furniture and appliances, minor repairs
• Thai tax on rental income

Worked example

An illustration using Halo 1 Nai Yang medians: gross yield ≈9.1%. Less the common fee — about 0.7–0.8%, one vacant month a year — about 0.75%, the agent's fee — another 0.75% or so, and a furniture and repair reserve — about 0.5%. That leaves roughly 6.4% before tax. For a unit bought on resale from ฿3.8–4.0 million, that is steady baht income while the asset holds its value.

Nightly rentals and licensing

Under Thai law, letting a condo by the night requires a hotel licence. Renting a unit privately by the day or week without one is not allowed and can lead to fines, and building rules often prohibit short stays outright.

Owners therefore take one of two routes. The first is long-term letting of one month or more under a lease: simpler, lower costs, and in areas with year-round residents such as Rawai and Bang Tao, vacancies are short. The second is handing the unit to a licensed operator who lets it nightly under a hotel licence and takes a share of revenue. Rawai Phase 1–2, for example, runs a short- and long-term rental programme managed by the building's juristic person.

Management: three options

As an owner, you decide how much time to give the unit and what share of income to leave with a manager.

If you spend part of the year in Phuket, letting long-term for the remaining months is a good compromise: the unit is not empty, and you still come home to your own place. Leases of 3–6 months over the high season, when rents peak, suit this well.

• Self-managed. You find a tenant through an agency, sign a 12-month lease and receive rent into your account. Maximum income, minimal involvement once the tenant moves in.
• Management company. Handles tenant search, rent collection, minor repairs and liaison with the building's juristic person for a share of rent — typically 10–15% on long-term lets.
• Licensed operator. Lets the unit nightly under a hotel licence and runs bookings, cleaning and guests. Revenue is higher, but so is the operator's share — 20–30%.

Choosing a unit for rental

For long-term letting, look at one-bedroom units of 34–45 sqm: that is where demand is deepest and they let fastest. For nightly letting, the view, distance to the beach and the building's rating on booking platforms matter most. A completed building earns from day one; a new build offers a lower entry price and value growth during construction. An assignment in a building under construction combines both: you buy below list and get a brand-new unit at completion.

The Title projects come without a guaranteed return — so you are not paying for one in the price per square metre. Income depends on the market rent and how well the unit is managed.

Yields are calculated from asking prices and are not a promise of income.