NovAsia

Narai Property

Narai Property has a longer operating story than the incorporation date of its current legal entity. The developer's own history starts in 1984, while registry-derived records date NARAI PROPERTY COMPANY LIMITED to 20 October 1988. It remains a private developer with products ranging from condominiums to detached homes, townhouses and semi-detached housing. One practical feature matters more than the age of the brand: Narai's own website terms state that projects may belong to the company, subsidiaries, joint ventures or partners, so buyers need to identify the actual seller behind each development.

Bangkok · 2 linked projects

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

Overview

Narai Property has a longer operating story than the incorporation date of its current legal entity. The developer's own history starts in 1984, while registry-derived records date NARAI PROPERTY COMPANY LIMITED to 20 October 1988. It remains a private developer with products ranging from condominiums to detached homes, townhouses and semi-detached housing. One practical feature matters more than the age of the brand: Narai's own website terms state that projects may belong to the company, subsidiaries, joint ventures or partners, so buyers need to identify the actual seller behind each development.

Track record

Narai's corporate timeline spans several property cycles and product types rather than one recent condominium series. It records Thepanives in 1984–1987, Riverine Place Condominium from 1994, Amanta Lumpini in 2007–2009, The Parkland Charan-Pinklao in 2017–2019 and VEVAPRIVA in 2019–2022. The current website also shows an active mix of completed and under-construction stock: The Parkland Phetkasem 56 is marketed as completed and ready to move into, while several low-rise schemes in Nonthaburi and Chon Buri are still being built. That history is useful evidence of operating continuity, but it does not remove the need to verify the project company on a current purchase.

Segments and prices

Narai operates across more than one price band. As of 24 August 2026, its official website advertises The Parkland Phetkasem 56 from THB1.97 million, Nara Town Laem Chabang from THB2 million, Nara Town Rattanathibet Westgate from THB2.49 million, Flora Ratchaphruek-Suanphak from roughly THB4 million and Nara Home Rattanathibet Bangbuathong from THB6.99 million. These are current developer asking prices, not verified transaction prices. A meaningful comparison should therefore include usable area, land component for low-rise housing, specification, parking, recurring fees and transfer costs rather than headline price alone.

Geography

Narai's strongest geographic concentration is Bangkok and the wider metropolitan area, particularly Nonthaburi, but its history is not limited to those markets. The corporate timeline includes developments around Srinakarin, Sukhumvit, Ratchada, Phetkasem and Rayong, while the current sales site lists active inventory in Bangkok, Nonthaburi and the Laem Chabang area of Chon Buri. Buyers therefore see a developer with experience in both urban high-rise housing and suburban low-rise communities, although local approvals, contractors and infrastructure remain specific to the project.

Reliability and public record

Narai Property is privately held, so buyers do not receive the same recurring public-market disclosures available from SET-listed developers. Registry-derived DataForThai records NARAI PROPERTY COMPANY LIMITED as active with THB1.2 billion of registered capital, consistent with Narai's own statement that its capital was increased to THB1.2 billion in July 2000. A long operating timeline and completed developments provide more verifiable history than a newly formed developer with no delivery record, but registered capital is not the same as available cash and should not be treated as a performance guarantee. Project structure remains crucial: Narai's official page for The Parkland Phetkasem 56 names Nayara Phetkasem Co., Ltd. as project owner and Narai Property as the managing company.

What to verify

The first practical check with a Narai purchase is the identity of the seller and project owner. The Parkland Phetkasem 56 illustrates why: its official page names Nayara Phetkasem Co., Ltd. as project owner and Narai Property as manager, while Narai's website terms expressly cover projects of subsidiaries, joint ventures and partners. Before paying, reconcile the sale agreement, registered landowner, payment recipient and documentary link to the Narai group. For a completed condominium, confirm remaining foreign quota, outstanding common-charge status, current juristic-person fees and sinking-fund position; The Parkland Phetkasem 56 currently states THB45 per sq m per month in common fees and a THB450 per sq m sinking fund, but those figures are specific to that project. An under-construction low-rise purchase calls for a different review focused on plot title, permits, phasing of roads and shared facilities, contractual handover and transfer-cost allocation.

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.

Flora Ratchaphruek–SuanphakThailand
Type to confirm

Flora Ratchaphruek–Suanphak

Bangkok
Narai Property
Based on developer materialUnder construction
3-storey townhome community · 3 floors · 154 units
From 4,290,000 THBAvailability and price confirmed personallyFrom THB 4.29M in Think of Living’s 15 June 2026 market update. This is a dated lower market anchor: Narai does not publish a live list of remaining homes and prices, so the selected home, seller, availability and terms need separate confirmation.
AskOpen
The Parkland Phetkasem 56Thailand
Condominium

The Parkland Phetkasem 56

Bangkok
Narai Property
Based on developer materialCompleted
Three-tower high-rise residential condominium · 2049 units
From 1,970,000 THBAvailability and price confirmed personallyFrom THB 1.97M in Narai Property's catalog checked on 22 Aug 2026. This is a published lower anchor, not proof that a particular unit is still available; the selected unit, seller, price, ownership form and payment terms need a separate check.
AskOpen

Frequently asked questions

When was Narai Property established?

Narai's own corporate history begins in 1984, while DataForThai records the present NARAI PROPERTY COMPANY LIMITED as incorporated on 20 October 1988. The two dates describe different things: the operating history of the business and the legal age of the current company.

Is Narai Property publicly listed?

No SET listing for Narai Property was found in the sources reviewed. It is a private developer, so buyers do not have access to the same recurring consolidated investor disclosures provided by listed property companies.

What does THB1.2 billion of registered capital mean?

DataForThai records THB1.2 billion of registered capital for NARAI PROPERTY COMPANY LIMITED, and Narai's own history says capital was increased to that level in July 2000. Registered capital is useful corporate information, but it does not disclose cash available to a project or guarantee completion.

Does Narai develop only condominiums?

No. Narai's current website lists condominiums, detached houses, townhouses and semi-detached homes, while its historical timeline also includes apartments and serviced-residence products.

Why might the sale contract name a company other than Narai Property?

Because the group can develop through different legal structures. Narai's website terms expressly refer to subsidiaries, joint ventures and partners, and The Parkland Phetkasem 56 officially names Nayara Phetkasem Co., Ltd. as project owner. Buyers should document the relationship between the consumer brand, landowner and contractual seller.

Does Narai have completed properties that buyers can inspect?

Yes. Narai's current website marks both The Parkland Phetkasem 56 and Riverine Place Condominium as ready to move into. Completed stock gives buyers a practical way to assess building condition, common-area management and actual post-handover costs rather than relying only on a new-project sales presentation.

Sources

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

  1. Narai Property Co., Ltd. · About Narai Property: corporate history, development milestones and capital increase · 24.08.2026
  2. DataForThai · NARAI PROPERTY COMPANY LIMITED: incorporation, active status and registered capital · 24.08.2026
  3. Narai Property Co., Ltd. · Current Narai Property developments: construction status, locations and asking prices · 24.08.2026
  4. Narai Property Co., Ltd. · The Parkland Phetkasem 56: project owner, managing company, specifications and common charges · 24.08.2026
  5. Narai Property Co., Ltd. · Narai Property website terms: projects of the company, subsidiaries, joint ventures and partners · 24.08.2026
  6. Securities and Exchange Commission, Thailand / AP (Thailand) PCL. · AP transaction involving Nayara Sukhumvit: share transfer from Narai Property in December 2024 · 24.08.2026
  7. Narai Property Co., Ltd. · Riverine Place Condominium: official status and completed-project specifications · 24.08.2026