At a glance
The developer is Andaman Asset Solution Co., Ltd., a privately held company based in Phuket, Thailand. The name "Andaman Asset via Plus Property" appears to describe a sales arrangement where Plus Property, a major Thai real estate agency, markets projects for the developer, rather than indicating a formal joint venture or a distinct corporate entity. Andaman Asset Solution specialises in the development of luxury pool villa communities and mixed-use residential projects, primarily in the Thalang district of Phuket. The company's business model also includes real estate consulting services covering property acquisition, construction, design, and management. It is not listed on any stock exchange.
Heritage and ownership
Andaman Asset Solution was established around 2009, according to its corporate website. The company also claims over 18 years of experience in the sector, which likely reflects the prior experience of its founders rather than the operational history of the incorporated entity. The firm is positioned as a stand-alone, privately held Thai limited company ("Co., Ltd."). There is no evidence to suggest it is part of a larger Thai-listed conglomerate or a foreign property group. The relationship with Plus Property, the agency arm of Sansiri PCL, is a standard sales and marketing partnership, not an ownership link.
The company's corporate materials describe a vision driven by its owners but do not publicly name the key executives, such as the CEO, managing director, or board members. This information is also absent from profiles on major real estate brokerage websites. Andaman Asset Solution has stated a corporate goal of launching an Initial Public Offering (IPO) by 2028, but it currently remains a private entity with no stock ticker.
Phuket portfolio
Andaman Asset Solution's development activity is concentrated in the Thalang area of northern Phuket. The company focuses on gated communities of modern pool villas. While financial details and total portfolio size are not public, several specific projects have been identified through property portals and agency listings. Verifiable residential projects developed by Andaman Asset Solution include:
- The Victory (or The Victory Villas): A project of 40–45 pool villas located in Thep Krasattri, Thalang. It is marketed as a new development, though specific launch and completion dates are not consistently provided across sources.
- The Residence Prime: A luxury villa community in the Thalang district. The project was marketed with a completion date around 2025.
- The Trinity Village: Another pool villa project located in Thalang, also marketed with an expected completion date of 2025.
- The Trinity: A pool villa development in Thalang that was reportedly sold out as of 2024.
What buyers should know
Based on a review of publicly available, English-language sources, there are no documented controversies, regulatory enforcement actions, or significant clusters of customer complaints specifically tied to Andaman Asset Solution Co., Ltd. The company is not named in mainstream news reports concerning real estate fraud or regulatory crackdowns in the Phuket market.
Plus Property, which acts as a sales agent for the developer, is a well-established subsidiary of the publicly listed company Sansiri PCL and is not associated with any notable controversies in relation to its work in Phuket in the reviewed sources.
It is important to note that this assessment is based on information available in the public domain and in English. A more comprehensive due diligence process would involve searches of local Thai-language media, official court records, and direct inquiries with provincial land offices or industry bodies like the Phuket Real Estate Association (P-REA).
Source notes: see citations below.