Laguna Phuket is the most useful starting point for understanding this developer. Banyan Group is the consumer-facing corporate umbrella of Banyan Tree Holdings Limited, while Laguna Phuket is operated through the group's Thai subsidiary Laguna Resorts & Hotels Public Company Limited. The corporate timeline traces the Laguna site back to a 1984 land acquisition at Bang Tao Bay and the Banyan Tree brand to 1994. For a buyer, the practical distinction is that the brand, resort operator, landholding or development company, and SPA seller may not be the same legal entity.
Phuket · 22 linked projects
☷ Sections 6
A company name is not a recommendation. Check the project company, contract and selected unit before reservation.
Track record
The operating history in Phuket is unusually long for a residential developer profile: Laguna Phuket opened in 1987 after rehabilitation of the former tin-mining site, Banyan Tree Phuket followed in 1994, and Banyan Tree Holdings Limited debuted on the Singapore Stock Exchange on 14 June 2006. In 2025, the Residences segment reported S$197.6 million of revenue and S$239.6 million of presales across 223 units. Laguna Beach Residences Bayside was the largest single sales contributor at S$93.0 million, while the annual report also records revenue recognition and handovers across projects including Angsana Oceanview Residences, Laguna Beach Residences Reef and Skypark Celeste Laguna Phuket. Residences sales then rose 38% year on year to S$172.6 million in 1H26. That provides evidence of an active delivery and sales platform, but it should not be treated as a substitute for checking the timetable and obligations of the specific phase being purchased.
Segments and prices
The Phuket residential range spans condominiums and apartments, penthouses, townhomes, pool villas and standalone villas; the group's own reporting describes the portfolio as extending from compact through ultra-luxury residences. Public pricing is selective and time-sensitive. Laguna Golf Residences Hibiscus, for example, launched in July 2025 from THB 12.9 million, but that is a dated launch reference rather than a verified August 2026 asking price. Branded beachfront residences and large villas occupy materially higher price bands, yet there is no single public live price list covering the whole portfolio. Buyers should compare dated unit-level quotations that show the payment schedule, furniture or fit-out package, taxes, common-area charges and any compulsory extras.
Geography
The group's Phuket development concentration is on the central-west coast around Bang Tao and Cherng Talay, within Laguna Phuket and the adjacent Laguna Lakelands expansion. Official material describes Laguna Phuket as covering more than 1,000 acres with roughly three kilometres of beachfront, hotels, golf and managed estate infrastructure. The Laguna name alone does not make two units geographically equivalent: direct beachfront, golf-front, lakeside and Lakelands locations differ in beach access, views, internal transport and likely rental audience. A buyer should therefore assess the exact building position and planned surrounding phases rather than treating the entire destination as one micro-location.
Reliability and public record
There is more public evidence to assess here than with a small private developer: the parent, Banyan Tree Holdings Limited, is Singapore-listed and publishes annual and interim results with project-level residential sales and handover disclosures. One corporate issue deserves explicit attention, however. As of 24 August 2026, shares of the Thai subsidiary Laguna Resorts & Hotels Public Company Limited carry SP and NC flags on the Stock Exchange of Thailand and remain suspended from trading. SET links the issue to failure to meet free-float requirements and has warned of possible delisting if the deficiency is not remedied. This is a securities-market compliance matter, not evidence by itself that construction has stopped or buyer contracts are in default, but purchasers should still verify the exact seller, landowner and any parent-company support attached to their own transaction.
What to verify
Start with the reservation form and SPA: identify the full legal names of the seller, landowner and developer, then document how those entities relate to Banyan Tree Holdings Limited and Laguna Resorts & Hotels Public Company Limited. A group brand on marketing material does not automatically create a parent guarantee. For a condominium, a foreign buyer should confirm that foreign freehold quota remains available at transfer; the Thai government states that foreign ownership may not exceed 49% of the building's total condominium space. For villas or townhomes, analyse land rights and building ownership separately and do not read a generic 'freehold' label as foreign freehold ownership of Thai land. For off-plan units, review title, encumbrances, approvals, construction milestones, delay remedies, defect obligations, common fees and sinking-fund terms. If Banyan Living rental management, owner privileges or deferred payment is offered, check whether participation is optional, the fees and personal-use restrictions, which benefits are contractual, and whether they transfer on resale. Ask specifically whether LRH's current SP/NC status has any effect on the project seller, financing arrangements, guarantees or eventual title transfer.
Projects in the NovAsia catalogue
These are the projects currently shown in the NovAsia catalogue; the list is not a complete corporate portfolio.
Thailand
Condominium
Allamanda Laguna
Phuket
Laguna Property
Based on developer materialCompleted
Resort condominium and serviced-apartment complex · 3 floors · 115 units
From 12,250,000 THBAvailability and price confirmed personallyFrom THB 12.25M based on a live FazWaz resale listing checked on 6 September 2026. This is a lower secondary-market anchor rather than a project price list; the specific unit, condition, tenure, availability and final terms need to be confirmed separately.
Branded resort condominium with serviced-apartment operations
From 5,000,000 THBAvailability and price confirmed personallyFrom THB 5.0M in an active DDproperty resale listing reposted on 1 September 2026 for a 42 sqm one-bedroom unit. This is a lower resale-market anchor rather than a fixed project price; availability, condition, tenure and transaction terms need to be checked for the specific unit.
From 10,500,000 THBAvailability and price confirmed personallyFrom THB 10.5M in current listings checked on 8 September 2026. This is a lower market anchor for an individual unit; furniture, tenure, availability and final deal terms need to be confirmed for the specific residence.
Low-rise golf-course condominium · 7 floors · 416 units
From 4,300,000 THBAvailability and price confirmed personallyFrom THB 4.3M in an active FazWaz resale listing checked on 9 September 2026. This is the asking price for a specific 31 sqm leasehold unit, not a project-wide price; availability, title form and terms need to be confirmed for the selected apartment.
From 21,052,632 THBAvailability and price confirmed personallyFrom THB 21.05M based on an active FazWaz resale listing checked on 13 Sep 2026. This is a lower market anchor for one specific house, not a developer price list; availability, condition, title structure and final terms need to be confirmed for the selected property.
Four-storey branded beachside townhome with private rooftop pool · 4 floors
From 114,900,000 THBAvailability and price confirmed personallyFrom THB 114.9M in the current FazWaz inventory, checked 22 September 2026. This is a lower market anchor; the exact home, availability, ownership structure and transaction terms need separate confirmation.
Branded golf-front condominium and penthouse residences · 7 floors · 106 units
From 22,780,000 THBAvailability and price confirmed personallyFrom THB 22.78M in a Lazudi listing updated on 29 May 2026 and checked on 16 August 2026. This is a lower public market anchor for current stock; the selected residence, availability, tenure and final terms need to be confirmed separately.
From 15,150,000 THBAvailability and price confirmed personallyFrom THB 15.15M in current FazWaz inventory as of 17 Aug 2026. This is a lower market anchor from a listing platform rather than a fixed developer price; the exact unit, ownership form, availability and final terms need separate confirmation.
Private-pool condominium within a branded resort setting · 33 units
From 40,220,000 THBAvailability and price confirmed personallyFrom THB 40.22M in the FazWaz inventory checked on 18 Aug 2026 for a 173 sqm two-bedroom unit offered on leasehold terms. This is a lower anchor from the live resale market rather than a project-wide price list; availability, condition, furniture, title structure and final commercial terms need to be confirmed for the specific residence.
Beachside low-rise condominium · 5 floors · 120 units
From 10,000,000 THBAvailability and price confirmed personallyFrom THB 10.0M in the open resale market on 18 Aug 2026. The lowest listing found is a 60 sqm one-bedroom offered on a leasehold basis; availability, legal tenure and the terms of the selected unit need to be checked separately.
Golf-front low-rise luxury condominium · 100 units
From 11,800,000 THBAvailability and price confirmed personallyFrom THB 11.8M at the lowest open asking level checked on 18 August 2026. This is a market anchor rather than a fixed developer price; the exact residence, availability, furniture package, tenure and payment terms need to be confirmed separately.
Branded absolute-beachfront low-rise condominium · 4 floors · 16 units
From 160,000,000 THBAvailability and price confirmed personallyFrom THB 160M on the Banyan Group Residences project page, checked on 25 August 2026. This is a published lower price anchor; the exact residence, availability, tenure and transaction terms need to be confirmed individually.
Four-level beachfront branded residence · 4 floors · 8 units
From 129,900,000 THBAvailability and price confirmed personallyFrom THB 129.9M in available listings as of 25 August 2026. This is a lower market anchor; the exact home, availability, specification and transaction terms need separate confirmation.
Low-rise resort condominium · 5 floors · 237 units
From 19,280,000 THBAvailability and price confirmed personallyFrom THB 19.28M in a public market listing refreshed on 23 August 2026. This is a lower open-market reference point; the selected unit, availability, tenure and commercial terms need to be confirmed separately with a specialist.
Lakeside low-rise condominium · 7 floors · 180 units
From 10,500,000 THBAvailability and price confirmed personallyFrom THB 10.5M on the current FazWaz project inventory as of 25 Aug 2026. This is a lower market anchor from available project listings; the exact residence, tenure, stock and final terms need to be confirmed separately with a specialist.
Single-storey waterfront pool villa community · 1 floors · 14 units
From 72,100,000 THBAvailability and price confirmed personallyFrom THB 72.1M on the current Home In Phuket inventory as of 25 Aug 2026, with the same lower anchor shown by other current market pages. This is a market reference: the selected villa, availability and terms need separate confirmation with a specialist.
From 15,440,000 THBAvailability and price confirmed personallyFrom THB 15.44M in the current FazWaz inventory checked on 25 Aug 2026. This is a lower market anchor for a one-bedroom residence; the exact unit, availability, tenure and payment terms need to be confirmed separately.
Low-rise lagoon-view condominium · 7 floors · 220 units
From 8,290,000 THBAvailability and price confirmed personallyFrom THB 8.29M on FazWaz as of 25 Aug 2026. This is the lower end of currently published asking prices; the selected unit, stock and tenure need to be checked separately.
From 96,800,000 THBAvailability and price confirmed personallyFrom THB 96.8M on FazWaz as checked on 25 August 2026. This is a low-end market anchor from current listings; the specific villa, plot, availability, tenure and final terms need separate confirmation with a specialist.
Lakeview low-rise condominium · 7 floors · 306 units
From 8,000,000 THBAvailability and price confirmed personallyFrom THB 8.0M on the current Home In Phuket project page, checked on 27 Aug 2026. DDproperty's active August 2026 listings started at about THB 11.44M, so THB 8M should be treated as a lower market anchor rather than guaranteed live stock. The selected unit, tenure, availability and final price need to be confirmed separately.
From 6,600,000 THBAvailability and price confirmed personallyFrom THB 6.6M on an active FazWaz resale listing checked on 23 Aug 2026. This is a lower market anchor from one listing, not a developer price; availability, tenure and final terms for the chosen unit need separate confirmation.
Low-rise resort condominium · 7 floors · 384 units
From 5,000,000 THBAvailability and price confirmed personallyFrom THB 5.0M on the current FazWaz project page as of 27 Aug 2026. This is a lower anchor from active resale and remaining stock rather than a fixed project price; the specific unit, availability, ownership form, fit-out and final terms need to be confirmed separately.
Are Banyan Group and Laguna Property the same developer?
NovAsia groups them under one developer profile because Laguna Property and the Laguna Phuket residential business sit within the Banyan Group ecosystem. Legally, however, they are not a single company name: Banyan Tree Holdings Limited is the parent, while Laguna Phuket operates through Laguna Resorts & Hotels Public Company Limited and related project entities. The contracting entity named in the SPA is what ultimately matters.
Is the developer publicly listed?
The parent, Banyan Tree Holdings Limited, has been listed in Singapore since 14 June 2006 under ticker B58. The Thai operating subsidiary Laguna Resorts & Hotels Public Company Limited is also a public company, but its SET shares are currently suspended and carry SP and NC flags because of a free-float compliance issue.
Can a foreign buyer own a condominium freehold?
Yes, if the property is a registered condominium and foreign quota remains available in that building. Thai government guidance states that foreign ownership is capped at 49% of the condominium building's total space. That rule does not automatically extend to land under a villa, so the ownership structure must be checked separately for each property type.
Does the group offer rental management?
Banyan Group markets Banyan Living as a rental-management platform for selected residences, while some developments may use specific to the project arrangements. Terms vary, so buyers should obtain the actual management agreement showing fees, owner-use rules, expense deductions and the payment formula. Marketing references to rental returns should not be treated as guaranteed income unless a binding contract says so.
What does the LRH trading suspension mean for a property buyer?
SET attributes the suspension to LRH's failure to meet free-float requirements and has also warned of possible delisting. That is not the same as developer insolvency and does not by itself establish a problem with a particular construction project. It should nevertheless be included in corporate due diligence, especially where LRH or an LRH-linked company is the seller, landowner or guarantor.
Can buyers rely on published prices and payment plans?
Only as dated references. A 2025 golf-residence launch started from THB 12.9 million, while a June 2026 developer guide described a 50% during-construction and 50% on-completion structure plus selected post-completion payment options over one, three or five years. The developer itself says availability and terms vary by project and unit, so buyers should obtain a fresh unit-specific quotation before reserving.
Sources
Sources are named for independent checking. NovAsia does not publish outbound links.
Banyan Group · Corporate Information and Group Milestones · 24.08.2026
Banyan Group Residences · About Us — Banyan Group Residences · 24.08.2026
Banyan Tree Holdings Limited · Banyan Group Annual Report 2025 · 24.08.2026
Banyan Group Newsroom · Banyan Group 1H26 Results · 24.08.2026
Banyan Group Residences · Banyan Group Residences — Phuket Portfolio · 24.08.2026
The Stock Exchange of Thailand · LRH Market Status · 24.08.2026
The Stock Exchange of Thailand · SET Notice on LRH Free-Float Qualification · 24.08.2026
Thailand.go.th / Government Public Relations Department · Foreign Condominium Ownership in Thailand · 24.08.2026
One Start One Stop Investment Center, Thailand Board of Investment · Other Legal Issues — Land and Condominium Ownership · 24.08.2026
Banyan Group Residences · Living in Laguna Phuket: The 2026 Resident Guide · 24.08.2026
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