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Grand Star

Grand Star is best understood as a project-focused joint venture rather than a broad consumer developer brand. It was established on 22 May 2017 by Sumitomo Forestry, Grande Asset Hotels & Property and Property Perfect; Grande Asset's latest annual filing states that Grand Star has THB 1.2 billion of fully paid registered capital. Buyers can take the three shareholders' experience into account, but their wider portfolios should not be treated as projects delivered by Grand Star itself.

Bangkok

A company name is not a recommendation. Check the project company, contract and selected unit before reservation.

Overview

Grand Star is best understood as a project-focused joint venture rather than a broad consumer developer brand. It was established on 22 May 2017 by Sumitomo Forestry, Grande Asset Hotels & Property and Property Perfect; Grande Asset's latest annual filing states that Grand Star has THB 1.2 billion of fully paid registered capital. Buyers can take the three shareholders' experience into account, but their wider portfolios should not be treated as projects delivered by Grand Star itself.

Track record

The clearest standalone track record is HYDE Heritage Thonglor on Sukhumvit Road. The 311-unit tower was completed, with handovers beginning in July 2022 according to Sumitomo Forestry. We did not find a broader publicly documented portfolio delivered under the Grand Star entity itself, so the completed Thonglor project is the most relevant evidence when assessing execution.

Segments and prices

Grand Star's verified product sits at the upper end of Bangkok's condominium market. HYDE Heritage Thonglor is positioned by its partners as a luxury high-rise, with residences ranging from roughly 40 sq.m. to 357 sq.m. Launch-era pricing is no longer a reliable guide to today's remaining stock, so current asking price, incentives and fit-out should be checked unit by unit and against the actual seller.

Geography

Grand Star's verified development footprint is in Bangkok. HYDE Heritage Thonglor stands at 1199 Sukhumvit Road in Khlong Tan Nuea, Watthana, with Sumitomo Forestry describing the Thong Lor station as about a five-minute walk away. We found no strong public basis for presenting Grand Star itself as a multi-city developer.

Reliability and public record

The strongest evidence is tangible: the joint venture has delivered HYDE Heritage Thonglor, and Grand Star continues to appear in recent shareholder filings as an active joint venture. That is more informative than marketing claims alone. Still, Grand Star has a relatively narrow standalone public record, so due diligence should focus on the contracting entity, the specific unit and the project's current legal and financial documents rather than relying only on the reputation of its shareholders.

What to verify

For a completed unit at HYDE Heritage Thonglor, first establish whether the seller is Grand Star's remaining inventory or a private owner, because the contract and evidence set will differ. Check the exact seller and payment account, title to the unit, foreign-quota availability for that unit, any outstanding encumbrances or common-area charges, sinking-fund status, and who remains responsible for defects or warranty work. The shareholder brands are useful context, but the obligations in the signed contract should be traced to the entity actually selling the property.

Frequently asked questions

Is Grand Star the same company as Grande Asset or Property Perfect?

No. Grand Star is a separate joint-venture company involving Sumitomo Forestry, Grande Asset Hotels & Property and Property Perfect. Projects developed elsewhere by those groups are not automatically part of Grand Star's own delivery record.

Has Grand Star completed a project?

Yes. HYDE Heritage Thonglor was completed and handovers started in July 2022. It is the main publicly verified development for assessing Grand Star's own execution record.

What matters most when buying a unit now?

Identify the actual seller first and build the document check around that transaction. For a completed condominium, unit title, foreign-quota availability, encumbrances, common-area accounts and any remaining warranty obligations are more relevant than the original launch presentation.

Sources

Sources are named for independent checking. NovAsia does not publish outbound links.

  1. Grand Star Company Limited / HYDE Heritage Thonglor · HYDE Heritage Thonglor official website — developer, project specifications and location · 26.08.2026
  2. Sumitomo Forestry Co., Ltd. · Sumitomo Forestry — HYDE Heritage Thonglor completion and handover start · 26.08.2026
  3. Grande Asset Hotels and Property Public Company Limited · Grande Asset 2025 One Report — Grand Star joint-venture status, capital and ownership interest · 26.08.2026
  4. Property Perfect Public Company Limited · Property Perfect — formation history of the Grand Star joint venture · 26.08.2026
  5. Sumitomo Forestry Co., Ltd. · Sumitomo Forestry — project launch and Grand Star ownership structure · 26.08.2026