The Nice Condotel

The condotel branding does, however, have a real history. The same property and address have appeared for years on hotel-booking platforms as well as condominium sales portals. That explains why descriptions of The Nice move between residential and hospitality language. It does not prove that every privately owned unit can legally be operated as short-stay accommodation. A booking-platform presence shows that accommodation has been marketed at the property; the rights attached to a particular apartment depend on the condominium rules, any relevant hotel or accommodation permissions, and the operator actually handling the stays. A buyer whose numbers rely on nightly rentals should verify that operating structure before purchase rather than assuming it from the name.

The shared facilities are straightforward rather than resort-scale. Multiple project sources consistently list a swimming pool, fitness room, CCTV, 24-hour security and key-card access, with reception also appearing in the fuller project descriptions. In an established building, the current condition of those facilities matters more than the original list. A resale buyer is buying into existing common property, so the inspection should cover the pool, common corridors, lifts, parking, visible building fabric and day-to-day management. Public project pages do not provide a reliable current common-area fee, sinking-fund position, arrears picture or capital-maintenance programme. Those are transaction documents to obtain from the condominium juristic person or seller, not gaps that should be filled with assumptions.

The building statistics require care because the sources do not line up cleanly. A Phuket Gazette advertisement from March 2013 marketed Phase 1 as seven storeys with 77 units. Modern DDProperty and FazWaz project profiles describe 81 units across six floors and completion in January 2014. A Thai condominium database, by contrast, lists seven floors, 81 units and 2013 completion, and it carries a resale unit explicitly located on the seventh floor. For this dossier we use seven floors because both the original marketing and a real seventh-floor unit support the physical existence of that level, while 81 is the most consistently reported final unit count. The discrepancy remains material and should ultimately be resolved against the registered condominium documents and floor plans.

The original unit mix appears to have centred on studios and one-bedroom apartments. One Thai project database gives 32 sq m for a studio and 48 sq m for a one-bedroom, while FazWaz states an overall usable-area range of 30.5–65 sq m. The secondary market is messier: current and recent listings include roughly 30–31 sq m homes marketed as one-bedrooms and units around 62–63 sq m that may be described as larger one- or two-bedroom layouts. That is not a reason to force all listings into one template. In a mature building, units may have been reconfigured, combined or simply labelled differently by agents. The defensible comparison is the actual floor plan and title area of the apartment being purchased.

Resale pricing is unit-specific rather than governed by a project price list. On 5 September 2026, an active 30 sq m apartment was offered at THB 1.79 million, while another 30.5 sq m unit in the same current inventory was listed at THB 2.05 million. Larger apartments around 62 sq m were marketed substantially higher. Area alone cannot explain that spread: floor position, renovation, furniture, outlook, title status and an individual seller's motivation all matter. The starting figure in this dossier is therefore an entry point into current asking stock, not a promise that any apartment in the building can be bought at that level. Comparing two resales means normalising the legal position, condition and mandatory ownership costs before focusing on the headline price difference.

Ownership is clearer than the project history. DDProperty identifies the tenure as freehold, and individual resale advertisements also show freehold units. For a foreign buyer, however, a freehold label on the project does not mean every available apartment can be registered in foreign name. Thai condominium rules cap foreign ownership at 49% of the aggregate unit area in the building, so quota availability must be confirmed for the selected apartment before transfer. The public project pages do not provide a live foreign-quota schedule. The buyer therefore needs unit-specific confirmation from the condominium juristic person rather than relying on the status shown for another listing.

The main unresolved issue is the developer. Current project databases leave the developer blank or mark it as not specified, and the historic project domain visible in 2013 advertising does not by itself identify a legal developer entity. We did not find a reliable source tying the completed building to a named development company, and it would be misleading to substitute a similarly named Thai company. Because the property is completed, that gap does not prevent a resale transaction from being assessed: title, seller authority, condominium registration, juristic-person records and the financial health of the common property now carry more weight. It is nevertheless a genuine limitation for buyers who regard a verifiable developer track record as a prerequisite.