PEYLAA Phuket / FAQ
PEYLAA Phuket: Questions & Answers
Prices and buying
How much does a residence cost?
1 Bedroom 45.57 m² — from ฿7,900,000 to ฿9,114,000 (≈ $219,000–253,000). 2 Bedrooms 83.5–86.5 m² — from ฿14,325,000 to ฿16,938,000 (≈ $398,000–470,000). 3 Bedrooms 129 m² are formed by combining adjacent residences and priced on request. 147 of 263 released residences are available — see the price table.
What is the first payment?
A reservation deposit of ฿100,000 for a 1BR (฿200,000 for a 2BR, ฿300,000 for a 3BR) takes the unit off the market. The contract follows within 30 days with 25% of the price for a 1BR (30% for 2–3BR); the deposit is credited towards it.
What is the payment plan?
Interest-free and tied to construction: 25% at contract, then 10% at piling, 10% at structure and 10% at walls and floors, with the remaining 45% at ownership transfer (40% for 2–3BR). Detailed schedule — in the payment plan section.
Is there a mortgage for foreign buyers?
Yes, and it is rare in Thailand: up to 50% of the value, a term of up to 15 years, around 9% p.a., through Capital Link Credit Foncier, supervised by the Bank of Thailand, with no origination fee. On a one-bedroom the payment starts around ฿36,100 per month. Terms are set by the lender and approved individually — the calculator is at peylaaphuketresidences.com/mortgage.html — on a ฿7,900,000 one-bedroom at 45% LTV over 15 years the payment is about ฿36,100 per month.
Are prices negotiable?
The price list is set by the developer and rises as construction progresses. Current terms are confirmed before booking.
Ownership and legal
Can a foreigner register full ownership?
Yes. Under Thailand's Condominium Act, foreigners can own freehold within 49% of a building's saleable area. Registration is at the Land Department with a chanote title deed. Once the quota fills — 30-year renewable leasehold.
Freehold or leasehold — which to choose?
Freehold is outright ownership: easier to resell and inherit. Leasehold is a long lease with renewal rights, usually cheaper with a lower registration tax. If quota is available, freehold is the rational choice for most buyers.
What is the relationship with Marriott?
PEYLAA Phuket, Autograph Collection Residences is not owned, developed, promoted or sold by Global Hospitality Licensing S.à R.L. or its affiliates (“Marriott”). The developer, Capstone Asset Phuket Cherngtalay Co., Ltd., uses the Autograph Collection trademarks and trade names under a license from Marriott; the building is operated to that brand's standard.
How does a remote purchase work?
Reservation and contract are signed remotely, payment goes by international transfer, and Land Department registration is handled by power of attorney. A personal visit is not required.
Which documents should be checked before buying?
The EIA (obtained), the construction permit, the land chanote (title deeds no. 78165 and 78166), the developer's company registration (no. 0105566213897) and the contract — with a lawyer. We provide the project document pack and recommend independent legal review.
Costs and taxes
What costs come on top of the price?
A one-off sinking fund of ฿700/m², CAM of ฿120/m²/month in year one (฿135 in year two, ฿148 from year three, paid a year in advance) and a 2% transfer fee split equally with the developer, plus utility connections. A full worked example — in the payment section.
Is there an annual property tax?
For owner-occupied residential property the tax is minimal or zero under the exemption threshold. Rental income must be declared; rates depend on residency — we can refer you to a tax adviser.
What does a 45.57 m² residence cost to run per year?
CAM ≈ ฿65,600 in year one + metered utilities (electricity ~฿4–5/kWh, water) + internet ~฿600/month. Roughly ฿80–95k a year excluding rental management. Furniture is already included in the purchase price.
Rental and returns
What can rental earn?
Estimate for Bang Tao: short-term — 6–9% net at 65–75% occupancy; long-term — a steady 4–6%. Calculation with comparable rates — on the rental yield page. Projections are not a guarantee of income.
Who manages the rental if I live abroad?
The residences are operated to the Autograph Collection standard, with a managed rental programme run by the operator; independent management companies are also an option. Fees typically run 20–35% of rental income depending on the package.
Is short-term rental legal?
Daily rentals in Thailand are regulated by the Hotel Act: stays from 30 days are straightforward in condominiums; shorter stays run through licensed management schemes. Being part of a hotel-branded scheme is exactly what makes this workable here.
What do owners get from the Marriott programme?
Eligible owners receive Marriott Bonvoy Gold Elite status and access to ONVIA, Marriott International's owner recognition platform. Exact conditions are set by the programme operator and confirmed in the documents.
Project and timeline
When is handover, and can it slip?
Construction started in Q2 2026; target completion is Q4 2027 with ownership transfer in Q1 2028. Delays do happen on Phuket; your protection is construction-linked payments.
Who is the developer?
Capstone Asset Phuket Cherngtalay Co., Ltd. (registration no. 0105566213897), head office at 546 Canvas Ploenchit Building, Ploenchit Road, Bangkok. Project director — Mr. Titiwat Kuvijitsuwan. Details — on the developer page.
What exactly is being built?
Three 7-storey residential buildings (A, B and C) with 408 residences in total on a plot of about 10-1-94.4 rai, registered as a condominium under the Condominium Act. Buildings A and B are released for sale; C follows. The masterplan also includes retail and a separate Autograph Collection hotel.
Can I view the project without flying in?
Yes: an online video viewing from the location — beach, Boat Avenue, the construction site — plus the full document pack. Book here.