Plus Condo 2

Plus Condo 2 is a completed residential development located in Kathu, one of Phuket's central tourist zones positioned between the island's major beach destinations and commercial hubs. Delivered in 2012 by Serene Property and Development, the project comprises 273 units across eight floors, establishing itself as a mid-rise residential asset in an area characterized by steady domestic demand and proximity to both leisure and business infrastructure. The property operates under a hotel-managed model, which distinguishes its operational framework within the broader Kathu residential market.

The unit mix at Plus Condo 2 remains geared toward furnished short-term rental operators and resident investors seeking exposure to seasonal tourism flows. Current listings within the catalog indicate asking prices ranging from 3.8 million to 7 million baht, positioning the project in the moderate-to-mid-range segment of Kathu's condo market. Amenities include a communal pool, Jacuzzi, fitness facility, restaurant, parking, reception area, and round-the-clock security—standard infrastructure supporting both transient and longer-term occupancy models. The on-site restaurant and hotel management function signal operational readiness for daily tourism transactions, a relevant factor for investors evaluating revenue potential.

Kathu's position as an intermediary zone carries distinct investment implications. Unlike beachfront areas, Kathu experiences less pronounced seasonal volatility while maintaining consistent business-district activity, foot traffic, and tour operator connectivity. The zone attracts a mixed demographic: tourism-dependent short-term renters, long-term expat residents, and domestic tenants seeking proximity to commercial zones without premium beachfront pricing. For investors, Plus Condo 2's established operational framework and mature tenure (13 years post-completion as of 2025) offer transparency regarding tenant composition, turnover patterns, and management consistency. The hotel-managed structure provides institutional oversight but typically involves revenue-sharing arrangements that warrant individual unit agreement review. Kathu developments generally offer a practical alternative to the premium acquisition costs associated with beachfront precincts, making such properties suitable for conservative buyers prioritizing a steady, rental-focused holding.