NovITL Property
ITL Property is a relatively young Thai company whose publicly visible development activity is currently centred on Phuket villas. ITL PROPERTY Company Limited was incorporated on 18 July 2022 and is shown as active in Thai government-derived company data, with registered capital of THB 5 million. That provides a verifiable corporate identity, but it should not be treated as a substitute for project-level due diligence.
A company name is not a recommendation. Check the project company, contract and selected unit before reservation.
Overview
ITL Property is a relatively young Thai company whose publicly visible development activity is currently centred on Phuket villas. ITL PROPERTY Company Limited was incorporated on 18 July 2022 and is shown as active in Thai government-derived company data, with registered capital of THB 5 million. That provides a verifiable corporate identity, but it should not be treated as a substitute for project-level due diligence.
Track record
The public track record is still limited. DDproperty describes The Menara Hill as ITL Property's first project after incorporation. Newer marketing and portal records use The Menara Hill and The Menara Luxury names for the same broader development line, but they disagree materially on scale and completion timing, with figures ranging from roughly 6 to 23–24 villas and completion references spanning 2025 to 2027. Buyers should therefore distinguish completed homes, active phases and future construction from one another rather than treating the whole scheme as a single completed track record.
Segments and prices
The current official The Menara Luxury website displays four large villas of roughly 502 to 1,171 sq m, priced from THB 35.9 million to THB 89 million. This places the visible inventory firmly in Phuket's high-ticket private-pool-villa segment, although these are unit-specific asking prices rather than a fixed project-wide price list. A buyer should confirm the exact plot, land area, fit-out specification and inclusions for the selected villa before relying on the headline price.
Geography
The development activity we could verify is concentrated in Si Sunthon, Thalang, Phuket. The official The Menara Luxury site places the project within driving distance of Bang Tao, Laguna Phuket, Boat Avenue and other west-coast amenities rather than on the beachfront itself. In practical terms, the location is better understood as a private residential setting with road access to the resort corridor than as a walk-to-the-beach proposition.
Reliability and public record
A positive starting point is that the developer can be tied to an active Thai legal entity, registration number 0115565019256, with a clear incorporation date. The limitation is a short corporate history and significant inconsistencies in public descriptions of its main development. Registered capital and a live project website do not by themselves establish funding strength or delivery performance, so confidence should come from land rights, permits, construction evidence, contractual obligations and verifiable completed handovers.
What to verify
Before signing, confirm that the seller and developer named in the contract are actually ITL PROPERTY Company Limited, or obtain documentary evidence explaining any separate project company. For The Menara Hill / The Menara Luxury, pin down the exact phase and plot, the number of homes in that phase, current construction status, contractual handover date and milestone payment schedule. Foreign villa buyers should also verify the land title and lawful ownership or lease structure, building permits, defect-remedy obligations, common-area arrangements and any escrow or bank-backed payment protection only if those protections are expressly offered in the contract.
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.
ThailandThe Menara Hill
Frequently asked questions
Does ITL Property have a long delivery track record?
Not on the public evidence we found. The company was incorporated in 2022, and DDproperty identifies The Menara Hill as its first project. We did not find a well-documented portfolio of earlier completed developments, so the more relevant evidence is actual handovers and documentation for the specific phase being purchased.
Why do sources give different unit counts and completion dates for The Menara Hill?
Public portals appear to mix different phases or versions of the development: some show 6 villas, others 23–24, while completion references range from 2025 to 2027. Rather than forcing one number to be correct, a buyer should verify the phase, plot and handover date attached to the specific villa in the contractual documents.
Sources
Sources are named for independent checking. NovAsia does not publish outbound links.
- DataForThai / Government Open Data · ITL PROPERTY Company Limited — registration, status and capital · 26.08.2026
- The Menara Luxury / ITL Property Co., Ltd. · The Menara Luxury — official project website and current inventory · 26.08.2026
- DDproperty · The Menara Hill — project profile and developer information · 26.08.2026
- FazWaz · The Menara Hills — current project listing, 6 villas and March 2027 completion · 26.08.2026