NovARNA Development
ARNA Development has a traceable Phuket footprint beyond a single scheme: the company is consistently linked to Space Cherngtalay condominium and SERRANA Lakefront Pool Villas. Property databases attribute 190 units across those two projects, while SERRANA's official website names ARNA Development Co., Ltd. as the project company. Several industry profiles state that ARNA was established in 2018, but the source set reviewed here did not include a Thai registry extract confirming that date, so it should be treated as published company history rather than registry-verified fact.
A company name is not a recommendation. Check the project company, contract and selected unit before reservation.
Overview
ARNA Development has a traceable Phuket footprint beyond a single scheme: the company is consistently linked to Space Cherngtalay condominium and SERRANA Lakefront Pool Villas. Property databases attribute 190 units across those two projects, while SERRANA's official website names ARNA Development Co., Ltd. as the project company. Several industry profiles state that ARNA was established in 2018, but the source set reviewed here did not include a Thai registry extract confirming that date, so it should be treated as published company history rather than registry-verified fact.
Track record
Space Cherngtalay provides the clearest completed reference: several current databases list 170 units across eight floors and completion in July 2025. Knight Frank Thailand had also announced a property-management agreement for the condominium and said that approximately THB 550 million of sales were secured within two days; that figure is Knight Frank's own published statement rather than independently audited sales data. Sources agree that SERRANA comprises 20 villas, but they do not label its status consistently: some show December 2025 completion while others still classify it as under construction.
Segments and prices
The two traceable projects sit in very different price brackets. Current portal listings show Space Cherngtalay from roughly THB 3.15 million, while SERRANA asking prices are around THB 48.5–60 million for three- and four-bedroom villas of about 426–515 sq m. These are August 2026 asking-price references, not guaranteed transaction prices and not evidence that every ARNA project belongs to the same market segment.
Geography
ARNA's verifiable residential activity is concentrated in Phuket's Thalang district: Space Cherngtalay is in Choeng Thale, while SERRANA is in Si Sunthon. That provides a locally concentrated track record in north-central Phuket, but the reviewed sources do not establish a comparable residential development footprint in other Thai cities.
Reliability and public record
Two useful indicators of genuine development activity are publicly verifiable: the completed Space Cherngtalay condominium and the current SERRANA villa project, whose official website identifies ARNA Development Co., Ltd. Public corporate transparency is more limited in the reviewed source set: it does not contain a Thai registry extract, audited financial statements or an official complete list of delivered developments. A buyer can therefore use the visible track record as one part of due diligence, but not as a substitute for checking the seller entity, land rights, approvals and the actual completion status of the specific property.
What to verify
For SERRANA, start with the contract structure: identify the exact legal entity acting as seller and developer, confirm whether it is ARNA Development Co., Ltd., and verify the payment account. For a villa purchase, review the land title, the foreign buyer's legal basis for owning the building and using the land, construction approvals, the actual completion stage of the selected villa, handover mechanics and defect warranties. At Space Cherngtalay, a foreign buyer should also confirm foreign-quota availability for the specific condominium unit and whether the seller is disposing of remaining developer stock or a resale unit. If the transaction is marketed with a protected account, bank guarantee or other payment safeguard, verify the document and its conditions rather than relying on the sales description.
Projects in the NovAsia catalogue
This list is assembled from the project registry by the developer identifier; it is not a claim of a complete corporate portfolio.
ThailandSERRANA Lakefront Pool Villas Phuket
Frequently asked questions
Does ARNA Development have a completed project?
Yes. Several current property databases list Space Cherngtalay as completed in July 2025, with 170 units in an eight-storey building. That gives buyers a real delivered reference where build quality, handover experience and post-completion management can be checked separately.
Is SERRANA completed or still under construction?
Public sources still label the project differently as of August 2026. PHUKET.PRO shows completion in December 2025, while FazWaz continues to classify SERRANA as under construction. For a transaction, the status of the specific villa, handover documentation and physical condition matter more than the generic label on a portal.
Can a foreign buyer purchase a SERRANA villa on the same basis as a condominium?
No. The ownership analysis is different from a standard condominium purchase. A villa buyer needs to separate ownership of the building from the legal basis for owning or using the underlying land, because Thai rules for land and condominium units are not the same. The structure should be confirmed from the title documents and the contract for the specific villa.
Sources
Sources are named for independent checking. NovAsia does not publish outbound links.
- SERRANA / ARNA Development Co., Ltd. · Official SERRANA website — identifies ARNA Development Co., Ltd. and shows the three villa types · 26.08.2026
- FazWaz · ARNA Development profile — two projects, 190 units and July 2025 completion for Space Cherngtalay · 26.08.2026
- KaiBaanThai · Space Cherngtalay — 170 units, eight floors, July 2025 completion and ARNA Development as developer · 26.08.2026
- Knight Frank Thailand · Space Cherngtalay announcement — property-management agreement and reported sales result · 26.08.2026
- PHUKET.PRO · SERRANA Lakefront Pool Villas — 20 villas, current asking prices and stated December 2025 completion · 26.08.2026
- FazWaz · SERRANA Lakefront Pool Villas — 20 villas and current classification as under construction · 26.08.2026