Capstone Asset Unveils Peylaa Phuket Bang Tao

Capstone Asset unveils ‘Peylaa Phuket Bang Tao,’ luxury condominium valued at THB 3.4 billion,
setting new standards for low-density living in Phuket’s iconic Bang Tao

Capstone Asset Co., Ltd. is proud to unveil the Peylaa Phuket Bang Tao project, a THB 3.4 billion luxury condominium development located in the iconic Bang Tao area. This prominent neighborhood is renowned for its world-class attractions and vibrant lifestyle offerings. Conveniently situated near Boat Avenue—a popular shopping and dining destination—it is just a stone’s throw away from various golf courses, international schools, cafes, restaurants, shopping malls and other points of interest.

The name ‘Peylaa’ is a transliteration of the ancient Thai word for time, while also being reminiscent of the word ‘pearl’ in several languages—a tribute to Phuket’s celebrated status as the ‘Pearl of the Andaman.’ This concept expresses our ethos of ‘Living the Moment,’ in which time transcends the ordinary, allowing life’s most memorable moments to unfold at their own pace, all within a development set against Phuket’s natural beauty.

Spanning a generous 10-3-09 rai (17,236 sq. m.) of site area, Peylaa Phuket Bang Tao features 408 units across three elegant seven-story buildings. Notably, the buildings are thoughtfully arranged around a vast internal courtyard that occupies approximately 40% of the total site area, providing residents with tranquillity in a low-density community set amidst lush greenery.

Featuring a modern tropical exterior complemented by coastal-chic interiors, the development offers a variety of unit types, including one-bedroom layouts starting at 45 square meters, two-bedroom options of 82 and 90 square meters and a special selection of combined three-bedroom units at 127 square meters. Each unit is sold fully furnished, ensuring a worry-free move-in experience.

The project boasts an extensive selection of amenities covering more than 3,000 square meters, which foster both productivity and wellbeing while meeting the diverse needs of residents of all ages and lifestyles. These include a welcome lounge, three 25-meter swimming pools, a kids' pool, a fully equipped gym with a boxing ring, private Pilates and yoga studios, an ice bath, a tennis court, dedicated barbecue areas with outdoor seating, a co-working space, a library, a playground and a multifunctional pavilion for private events. Additionally, the development offers a shuttle service to nearby locations and ample parking facilities, including 204 car parking spaces (both indoor and outdoor)—representing a 50% parking ratio—as well as designated spaces for 55 motorcycles. Together, these amenities provide convenience and practicality for everyday living in the Bang Tao area.

Flexibility in the property ownership experience is set to stand out as a key highlight, with plans to introduce professional property management services and establish an on-site rental management counter staffed by experienced leasing professionals. This aims to facilitate seamless transitions between owner-occupation and rental use, optimizing both residents' quality of life and the income-earning potential of their properties.

A branded upscale hotel and curated commercial spaces are planned to enhance the broader mixed-use development, occupying approximately two rai (3,200 sq. m.) of land adjacent to the site. These additions are expected to reinforce the development’s premium positioning and elevate the living experience for its residents upon completion.

Presales are set to commence on December 9, 2024, with the official sales gallery opening in Q2 2025.

Mr. Titiwat Kuvijitsuwan, Managing Partner at Capstone Asset Co., Ltd., commented, “Peylaa Phuket Bang Tao is envisioned as a luxury residential community that encourages residents to pause and live in the moment. With an exquisite design that epitomizes the Andaman coastal lifestyle, it targets both local and international buyers seeking sophistication and harmony with nature. Phuket, known for its natural beauty, rich cultural heritage and modern conveniences, continues to bolster its reputation as one of the world’s top leisure destinations. The island’s appeal will continue to grow with infrastructure enhancements, including the Phase 2 expansion of Phuket International Airport and the Kathu-Patong Expressway, which will significantly increase accessibility. Confident in the island's future, we are committing substantial resources to the development of the buildings’ architectural features, the use of high-quality materials and the creation of functional spaces that will set a new benchmark for low-density luxury living.

With the design and planning phase now complete, Capstone Asset is excited to announce our partnership with CBRE as our sole  agent  . Their expertise, experience and network in Thailand will be invaluable in driving our success. Together, we also welcome leading sales agents to support our global sales and marketing efforts.”

Ms. Artitaya Kasemlawan, Head of Residential Sales Project at CBRE (Thailand) Co., Ltd., added, “Strong buyer confidence in Phuket’s residential market is predominantly driven by its reputation as a premier vacation destination and its sound fundamentals. Phuket’s tourism sector is thriving, with a 42% year-on-year increase in international tourist arrivals by the end of Q3 2024 and hotel occupancy rates reaching 71.5% in the first half of 2024—the highest level in five years. Consequently, the vacation home market has seen tremendous growth, with total annual sales in 2023 rising by150% compared to 2022, setting a record for the highest annual sales in the island’s history. This momentum has continued into H1 2024, with sales on track to break records once again, driven by a remarkable 142% half-on-half increase. This exceptional performance, underpinned by historically robust rental yields, healthy occupancy rates, and steady capital appreciation, has further widened Phuket’s appeal as a wealth storage destination.

CBRE is confident that Peylaa Phuket Bang Tao, with its prime location, innovative design, and low-density concept, is perfectly tailored to meet the needs of discerning buyers, whether for personal living or investment. With attractive launch pricing in a buoyant market, we expect to generate strong demand from our clients. We are thrilled to partner with Capstone Asset, whose vision and track record in the luxury segment will be instrumental in delivering a truly outstanding development.”

For more information on Peylaa Phuket Bang Tao please contact CBRE at [email protected] or call 065 945 2499.