NovCRAFTWORK
CRAFTWORK is better assessed as a young private East Pattaya developer than as a large diversified Thai property group. CRAFTWORK CO., LTD., registration number 0105565007215, was incorporated on 13 January 2022; registry-data services drawing on Thailand's Department of Business Development show the company as active with registered capital of THB 96 million. Its own website gives a Nong Prue, Bang Lamung office, and the residential portfolio that can be verified as of 24 August 2026 consists of two low-rise housing developments in the Pattaya–Motorway corridor: REKHA and PYCHE.
A company name is not a recommendation. Check the project company, contract and selected unit before reservation.
Overview
CRAFTWORK is better assessed as a young private East Pattaya developer than as a large diversified Thai property group. CRAFTWORK CO., LTD., registration number 0105565007215, was incorporated on 13 January 2022; registry-data services drawing on Thailand's Department of Business Development show the company as active with registered capital of THB 96 million. Its own website gives a Nong Prue, Bang Lamung office, and the residential portfolio that can be verified as of 24 August 2026 consists of two low-rise housing developments in the Pattaya–Motorway corridor: REKHA and PYCHE.
Track record
CRAFTWORK's public track record is still short and is largely an active-development story. REKHA Pattaya – Motorway was publicly launched in May 2026 as a 40-home development with a stated project value of about THB 800 million; the official site shows three house types with 292, 325 and 387 sq m of usable area. PYCHE Pattaya – Motorway is also limited to 40 homes, but at a smaller scale, with official layouts of 202, 230 and 283 sq m, all configured with four bedrooms. The sources reviewed did not identify an earlier residential development already completed and handed over under CRAFTWORK CO., LTD., and public references for REKHA currently differ between 2026 and 2027 completion. Buyers should therefore treat the developer's record as two concurrent projects in progress rather than a long series of delivered estates.
Segments and prices
The two projects occupy different price tiers within the same detached-home market. PYCHE was launched in June 2026 with a publicised range of roughly THB 9–15 million, while major portals on 24 August 2026 show asking prices of about THB 10.29–15.04 million. REKHA sits above it: launch coverage cited THB 16–30 million, with current listings roughly THB 17.76–31.95 million. These figures are dated market references rather than a single guaranteed developer price list; a transaction should be based on a unit-specific quotation separating land, house, upgrades and any compulsory estate charges.
Geography
CRAFTWORK is not yet geographically diversified: both verified developments are in East Pattaya, around the Pattaya–Motorway corridor near Chaiyaphon Withi 25 in Bang Lamung. This is primarily a car-oriented residential location rather than a walk-to-the-beach proposition. The official project pages emphasise access to international schools, parks and major road links. Buyers should test actual driving times at peak periods and inspect road noise, site levels, drainage and wet-season access rather than relying only on advertised distance figures.
Reliability and public record
The company has an active registered entity, its own corporate website and two project sites with detailed layouts and active sales. CRAFTWORK is nevertheless privately held, so buyers do not have the same consolidated visibility into debt, cash flow and group-wide commitments that a listed developer would provide through exchange filings. The main limitation as of August 2026 is the absence of a long, publicly verifiable handover history: both NovAsia-listed projects remain part of the current sales and construction cycle. Registered capital of THB 96 million confirms the legal company's stated capital base, but it does not by itself guarantee project funding or on-time delivery.
What to verify
Due diligence should start with the land and the unit-level contract rather than the CRAFTWORK brand. Obtain a current company affidavit, title documents for the project land and selected plot, details of mortgages or other encumbrances, building permits and any subdivision or land-allotment approvals required for the structure being sold. Because REKHA and PYCHE remain in the current development cycle, the SPA should state the handover date, payment milestones, permitted delay, compensation, material specification, defect warranty and the point at which common infrastructure is transferred or managed; this is particularly important for REKHA because public completion references currently differ between 2026 and 2027. A foreign buyer should not assume that buying a house automatically conveys Thai land ownership: Thailand's government portal describes foreign land ownership as available only in limited statutory circumstances, including a THB 40 million investment route requiring Interior Ministry permission. The land and building rights therefore need to be analysed separately, without nominee arrangements, and any lease, superficies or other registered right should be reviewed independently.
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.
ThailandPYCHE Pattaya – Motorway
ThailandREKHA Pattaya – Motorway
Frequently asked questions
How long has CRAFTWORK been operating?
CRAFTWORK CO., LTD. was incorporated on 13 January 2022 and registry-data services show it as active as of 24 August 2026. That is a relatively short corporate history, which puts more weight on project documents and actual construction progress.
Which CRAFTWORK projects are verified in Pattaya?
The current NovAsia master and public sources verify two developments: REKHA Pattaya – Motorway and PYCHE Pattaya – Motorway. Each is limited to 40 houses, for 80 homes across the two East Pattaya estates.
Does CRAFTWORK already have completed projects?
The reviewed sources did not identify an earlier residential project that can be confidently verified as fully completed and handed over by CRAFTWORK CO., LTD. REKHA and PYCHE belong to the current construction and sales cycle, so delivery evidence needs to be checked at project and house level.
How do REKHA and PYCHE differ on budget?
PYCHE is the lower-priced of the two ranges: launch material cited roughly THB 9–15 million and current listings begin at about THB 10.29 million. REKHA launched around THB 16–30 million, with current listings starting at roughly THB 17.76 million. Unit-specific prices should be refreshed before reservation.
Can a foreign buyer own a CRAFTWORK house together with the land?
Direct Thai land ownership is unavailable to most foreign buyers. Limited statutory exceptions exist, and the Thai government specifically describes a route involving at least THB 40 million of qualifying investment plus Interior Ministry permission. A house being marketed for sale therefore does not establish that a foreign purchaser can own the underlying land; land and building rights must be checked separately against the title and contract.
Sources
Sources are named for independent checking. NovAsia does not publish outbound links.
- CRAFTWORK CO., LTD. · CRAFTWORK Corporate Website and Company Contact Details · 24.08.2026
- CRAFTWORK CO., LTD. · REKHA Pattaya – Motorway Official Project Page · 24.08.2026
- CRAFTWORK CO., LTD. · PYCHE Pattaya – Motorway Official Project Page · 24.08.2026
- ConnectBizs, data referenced from Thailand Department of Business Development · CRAFTWORK CO., LTD. Corporate Registration Record · 24.08.2026
- DataForThai · Secondary Check of CRAFTWORK CO., LTD. Status and Registered Capital · 24.08.2026
- The People · REKHA Pattaya – Motorway Launch in May 2026 · 24.08.2026
- BrandCase · PYCHE Pattaya – Motorway Launch in June 2026 · 24.08.2026
- DDproperty · Current PYCHE Data: 40 Homes, Asking Prices and Completion Reference · 24.08.2026
- Cornerstone Real Estate · Current REKHA Listings and House-Type Data · 24.08.2026
- Thailand.go.th — Government Public Relations Department · Land Ownership by Foreigners in Thailand · 24.08.2026
- Thailand.go.th — Government Public Relations Department · Foreign Property Ownership and Land Restrictions in Thailand · 24.08.2026