CG Capital Launches USD 90 Million PURITA Phuket Bangtao Residential Projec

CG Capital Advisory Co., Ltd. has launched PURITA Phuket Bangtao, a USD 90 million residential development in the Bang Tao-Cherng Talay area of Phuket, Thailand. The project marks the company's entry into the premium residential market under its first proprietary residential brand.

Part of Central Group, CG Capital is developing the project on a landholding of more than 16,000 square metres, equivalent to 10 rai. The development will comprise four six-storey residential buildings and one villa, offering a total of 258 units. Prices start at USD 218,000.

A low-density residential development

Designed around the concept of 'Modernity Refined by Nature', PURITA Phuket Bangtao combines contemporary architecture with elements inspired by its natural surroundings. The development will feature more than three rai of landscaped communal gardens, a 50-metre Olympic-size swimming pool and a fully equipped fitness centre.

Each residence will have a three-metre ceiling height and full-height glazing. All units will also be delivered fully furnished.

CG Capital Managing Partner and Co-Founder Phoom Chirathivat said the project forms part of the company's broader development activity in Phuket. The group has more than 140 projects on the island, including Central Phuket, Porto de Phuket and POP Phuket.

The company's nearly 64,000-square-metre landholding in Bang Tao-Cherng Talay has been developed in phases. Previous developments include The Standard Residences, Phuket Bang Tao, followed by two international-standard hotels with a combined capacity of more than 550 rooms.

Rental market and investment potential

The development is positioned towards middle- and upper-income buyers, including people seeking permanent residences, second homes and investment properties.

Somsakul Limsuttaphan, Deputy Managing Director for Business Development and Asset Management – Southern Region at Plus Property Co., Ltd., said rental yields in Phuket can reach 8–12% annually, based on the company's residential property management experience. Typical lease periods range from six months to one year.

Plus Property also cited rental rates of approximately USD 30–40 per square metre per month in Bang Tao, describing them as among the highest in Phuket.

PURITA Phuket Bangtao will hold its VIP sales event on 29 November at The Apartment, Park Hyatt Bangkok. Selected units will be offered with exclusive privileges, with starting prices of USD 218,000.