At a glance
- Developer type: Privately held limited company
- Primary location: Phuket, Thailand
- Stock listing: Not publicly listed
- Core focus: Development of a multi-phase eco-condominium and aparthotel complex in the Layan/Bang Tao area of Phuket.
Heritage and ownership
Layan Green Park Co., Ltd. is a small, privately held real estate developer active in Phuket. The company's precise founding year cannot be verified from publicly available sources, although its partners have experience in the Phuket market dating back over a decade. Its functional headquarters and sales office are located in the Cherngtalay sub-district of Thalang, Phuket, with no evidence of a separate head office elsewhere.
The company is registered as a private limited company under Thai law. While a news release has referred to a "Layan Green Park group of companies," suggesting related entities, details about a parent holding company or the ultimate beneficial owners are not publicly disclosed. The company is not listed on the Stock Exchange of Thailand (SET) or any other public exchange and therefore has no stock ticker. Key leadership figures, such as directors or the CEO, are not identified on the company's official website, and this information is not readily available from open-source corporate registries.
Phuket portfolio
The developer's activities appear focused on a single, large-scale project developed in two phases on a contiguous site in the Layan/Bang Tao beach area. No other residential projects in Phuket can be confidently attributed to the company based on available public information.
- Layan Green Park (Phase 1): This is a low-rise condominium and aparthotel complex consisting of four 7-storey buildings. Sources report between 350 and 403 total units, a discrepancy possibly related to different counting methods for saleable condos versus total hotel keys. Construction was completed in the 2022-2023 period, and the developer states that owners have taken possession of their units.
- Layan Green Park Phase 2: An extension of the same complex, this phase is currently under construction with a targeted completion date of 2026. It is marketed as a premium eco-aparthotel with upgraded specifications, larger units, and expanded facilities. It is reportedly the first project of its type in Phuket to seek EDGE Advanced certification for green building standards.
What buyers should know
Publicly reported information indicates that the Layan Green Park project was the subject of a significant dispute between its founding partners, which included Kazakh investors and a Ukrainian developer. Media reports detailed serious allegations made by the investors, including claims of financial mismanagement, violations of investment agreements, and other corporate governance issues. These claims were presented to Thai authorities and legal proceedings were initiated.
Subsequent reports indicate that the dispute was ultimately resolved through mediation and a court-supervised settlement in 2024. As part of the resolution, the parties waived mutual claims, criminal proceedings were dropped, and one partner bought out the other's stake, with the project's operational management remaining with the existing team. While the allegations were serious, they were not confirmed as final findings of fraud by a Thai court, and the matter between the principal partners is now considered closed.
Separately, Thai authorities in Phuket have increased enforcement of the Foreign Business Act, targeting businesses, including in the real estate sector, that use nominee shareholding structures to circumvent foreign ownership restrictions. There is no public information directly linking Layan Green Park Co., Ltd. to these specific enforcement actions.
Source notes: see citations below.