NovRise Development
Rise Development is entering the Phuket market with one publicly verifiable scheme, Rise Villas in Si Sunthon near Bang Tao. The current legal entity, Rise Development Co., Ltd., registration number 0835568016901, was incorporated in Phuket on 4 August 2025, and the project website identifies it as the developer. Registry-derived records, however, classify its principal activity as real-estate agency and brokerage, so a buyer should confirm the company's precise legal role in the sale agreement and project approvals rather than relying on the marketing label alone.
A company name is not a recommendation. Check the project company, contract and selected unit before reservation.
Overview
Rise Development is entering the Phuket market with one publicly verifiable scheme, Rise Villas in Si Sunthon near Bang Tao. The current legal entity, Rise Development Co., Ltd., registration number 0835568016901, was incorporated in Phuket on 4 August 2025, and the project website identifies it as the developer. Registry-derived records, however, classify its principal activity as real-estate agency and brokerage, so a buyer should confirm the company's precise legal role in the sale agreement and project approvals rather than relying on the marketing label alone.
Track record
No completed development portfolio for Rise Development itself could be verified publicly. Rise Villas is the first project consistently attributed to the company by property portals: an 18-home pool-villa and townhouse scheme with handover targeted for Q4 2027. The project website also highlights previous work by DCS Associates and SAI Architects, but those examples belong to the construction-management and design partners and should not be counted as Rise Development's own completed track record.
Segments and prices
Rise Villas sits in the compact private pool-villa and townhouse segment, positioned for both personal use and rental. As of 26 August 2026, the official site advertises prices from US$310,000, while Lazudi shows current inventory at roughly THB 10 million to THB 14 million. These are live sales-stage indications rather than fixed portfolio pricing; the contract price varies by home type, size, specification and reservation date.
Geography
The company's verifiable development activity is currently Phuket-only. Rise Villas is in Si Sunthon, Thalang, on the Bang Tao side of the island, while Rise Development's registered office is in Ko Kaeo, Mueang Phuket. We found no independently verifiable completed projects or development footprint in other Thai cities for the current legal entity.
Reliability and public record
There is a verifiable corporate base: the company is active, its registered capital was increased from THB 4 million to THB 22 million on 31 January 2026, and the registered office matches the address shown on the official project site. The limitations are equally clear: the entity is young, Rise Villas has not yet been completed, and there is no established delivery record for the company itself. The difference between its developer positioning and its registered agency/brokerage business classification is not automatically a defect, but it makes the identity of the landowner, payment recipient and party legally responsible for construction and handover especially important.
What to verify
For Rise Villas, start with documents that connect the project to Rise Development Co., Ltd.: identify the seller and developer named in the contract, the registered landowner, the entity holding the construction permits and the bank account receiving buyer funds. Because the scheme is being sold before completion, match the payment schedule to observable construction milestones and the contractual remedies for delay; the website advertises a portion of the price payable after handover, but only the signed agreement determines the buyer's legal position. A foreign buyer should also have the house-and-land ownership structure, internal-road rights, common-area arrangements and future management obligations reviewed. The advertised 8–11.4% return and IBG Rentals operating statistics are projections and manager-supplied data, not guaranteed investment results unless a separate enforceable guarantee exists.
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.
ThailandRise Villas
Frequently asked questions
Does Rise Development have completed projects in Phuket?
We did not find a publicly verified completed project delivered by the current Rise Development entity. Rise Villas is the first scheme independently attributed to the company, with handover targeted for Q4 2027. Projects shown as examples for DCS Associates and SAI Architects demonstrate partner experience, not Rise Development's own delivery record.
Is the advertised 8–11.4% return at Rise Villas guaranteed?
No. The official site presents 8–11.4% as a projected return linked to the proposed rental operation through IBG Rentals. Actual performance will depend on occupancy, nightly rates, operating costs, management terms and market conditions; it should only be treated as guaranteed if a separate enforceable contractual obligation says so.
What is known about the Rise Development legal entity?
Rise Development Co., Ltd. was incorporated in Phuket on 4 August 2025 under registration number 0835568016901 and is shown as active in registry-derived data. As of 26 August 2026, registered capital is listed at THB 22 million. Its registered business category concerns real-estate agency and brokerage, which is why the company's legal developer role in a specific project should be confirmed from transaction and project documents.
Sources
Sources are named for independent checking. NovAsia does not publish outbound links.
- Rise Development · Rise Villas — official project and developer information · 26.08.2026
- DataForThai / Government Open Data · Rise Development Co., Ltd. — registration, status, capital and business activity · 26.08.2026
- LivePhuket · Rise Villas — independent project record, 18 homes and handover schedule · 26.08.2026
- Lazudi · Rise Development — current Rise Villas listings · 26.08.2026