Capstone Asset Co., Ltd. is pleased to announce the launch of the "PEYLAA Phuket Bangtao" project, a luxury condominium project valued at 3.4 billion baht, located in the renowned Bangtao Beach area. This prime location is famous as a global tourist destination and a vibrant lifestyle hub, situated close to Boat Avenue shopping and dining center, as well as being near golf courses, international schools, cafes, restaurants, shopping centers, and other significant landmarks.

The name "PEYLAA" is inspired by the Thai word "เพ-ลา" which means time, and it also conveys the meaning of "Pearl" in various languages, paying homage to Phuket's reputation as the "Pearl of the Andaman." The concept reflects the philosophy of "living life to the fullest at every moment" by transforming ordinary times into special ones, allowing valuable moments in life to unfold at their own pace amidst the natural beauty of Phuket.

The PEYLAA Phuket Bangtao project spans a vast area of 10 rai, 3 ngan, and 9 square wah (17,236 sq.m.), featuring three elegantly designed 7-story residential buildings comprising a total of 408 units. The design ensures that the three buildings surround a large courtyard that covers approximately 40% of the entire project area, creating a tranquil and relaxing environment for residents within the lush greenery of the project.

This project is designed in a "Modern Tropical" style, combined with "Coastal Chic" interior decor, offering various types of accommodations including 1-bedroom units starting at 45 sq.m., larger 2-bedroom units of 82 sq.m. and 90 sq.m., and special combined 3-bedroom units of 127 sq.m. All units come fully furnished and ready for immediate occupancy.

The project features a wide range of amenities spread over more than 3,000 sq.m., designed to promote both efficient living and well-being, catering to residents of all ages and lifestyles. Amenities include a welcoming lounge, three 25-meter swimming pools, a children's pool, a fully equipped gym, a boxing ring, yoga and pilates studio, ice bath, tennis court, outdoor barbecue area with seating, co-working space, library, playground, and a multi-purpose sala for private events. Additionally, the project offers shuttle services to nearby locations and provides both indoor and outdoor parking for up to 204 cars, which is 50% of the total number of units, along with 55 motorcycle parking spaces. These facilities are designed to enhance convenience and meet the daily living needs of residents in the Bangtao area.

Another key highlight of the project is the seamless experience of property ownership. The project plans to bring in professional property management services to assist with operations, along with establishing a service counter managed by experts to facilitate rental processes within the project, ensuring a smooth experience for owners whether they reside in the property or rent it out. This will enhance the quality of life for residents and increase the income potential for property owners.

Furthermore, the project plans to develop a high-end hotel brand and specially selected commercial spaces as part of a mixed-use development plan, located on approximately 2 rai (3,200 sq.m.) adjacent to the main project. The addition of these elements will enhance the premium market positioning of the project and elevate the living experience for residents once the entire project is completed.

The project is set to commence pre-sales on December 9, 2024, with the official sales office opening in the second quarter of 2025.

Mr. Thitiwat Kuvisitsuwan, CEO of Capstone Asset Co., Ltd., stated: "The PEYLAA Phuket Bangtao project is designed under the concept of creating a luxury residential community, focusing on encouraging residents to pause and fully live in every moment. With beautiful designs reflecting the coastal lifestyle of the Andaman, this project is suitable for both Thai and foreign buyers seeking elegance and a lifestyle in harmony with nature. Phuket, known for its natural beauty, valuable cultural heritage, and modern amenities, remains one of the world's leading vacation destinations. The island's appeal will further increase with future infrastructure developments, including the expansion of Phuket International Airport Phase 2 and the Kathu-Patong expressway project, significantly enhancing travel convenience. With confidence in Phuket's potential, we are committed to dedicating resources to develop architectural standards, select high-quality materials, and create functional spaces to set a new standard for luxury low-density living."

Currently, the design and planning of the project have been completed, and Capstone Asset is pleased to announce a partnership with CBRE as our main sales representative. CBRE's expertise, experience, and network in Thailand will play a crucial role in driving the project's success. We also welcome other leading sales agents to support our international sales and marketing efforts.

Ms. Atithya Kasemlawan, Head of Residential Project Sales at CBRE (Thailand) Co., Ltd., added: "The strong buyer confidence in Phuket's residential market is a result of the island's reputation as a world-class vacation destination and other solid fundamentals. Phuket's tourism sector continues to grow, with a reported increase of over 42% in international tourist arrivals by the end of Q3 2023 compared to the same period last year. The hotel occupancy rate in the first half of 2023 was 71.5%, the highest in five years. Consequently, the vacation home market has seen significant growth, with sales for the entire year of 2023 increasing by over 150% compared to 2022, marking the highest sales record in Phuket's history. Furthermore, comparing the first half of 2023 sales with the same period last year, we see record-breaking sales up by over 142%. This outstanding performance, driven by strong rental yields, high hotel occupancy rates, and continuously rising property values, has established Phuket as a destination for wealth investment.

With its excellent location, cutting-edge design, and low-density living concept, CBRE is confident that the PEYLAA Phuket Bangtao project will fully meet the needs of buyers, whether for personal residence or investment. With an attractive launch price in a continuously growing market, we expect this project to receive a positive response from our clients. We are very pleased to collaborate with Capstone Asset, which has a vision and outstanding experience in the luxury market, as a key to developing and delivering an exceptional project."