At a glance
- Parent Group: Ploenpat Asset Co., Ltd.
- Founded: 2018 (Parent Group)
- Headquarters: Bangkok, Thailand
- Stock Listing: Not publicly listed on the Stock Exchange of Thailand (SET).
- Portfolio Focus: Low-rise residential properties, including townhouses and luxury pool villas.
Heritage and ownership
Maison Development is the operational brand and subsidiary of its parent holding company, Ploenpat Asset Co., Ltd. Ploenpat Asset was established in 2018 with a registered capital of 5 million baht to develop horizontal, low-rise residential projects.
The ownership structure is led by the Sawatyanon family, with Mr. Pongsak Sawatyanon holding a 51% majority stake in Ploenpat Asset. The remaining 49% is held by a consortium of two to three unnamed partner groups. The group's strategy involves establishing a separate subsidiary company for each new project, all operating under the unified Maison Development brand.
While the legal entity "MAISON DEVELOPMENT COMPANY LIMITED" is registered for real estate business in Bangkok, its specific incorporation date could not be independently verified from the public-facing databases referenced in initial research. The developer's headquarters is located in the Yan Nawa district of Bangkok.
Phuket portfolio
Maison Development's primary verified project on the island is Maison Sky Villas Phuket. This is a low-density, luxury development consisting of eight detached pool villas.
Located in Sa Khu, Thalang district, the project is situated in the island's northwestern corridor, near Phuket International Airport and Nai Yang Beach. The development features three-to-four-storey pool villas and was slated for completion around 2024. The project was valued at approximately 180 million baht and was part of the company's 2024-2025 project pipeline.
Company statements indicate a strategic focus on expanding into tourism-centric cities, with Phuket being a key market. The developer reportedly holds an additional land bank in the Naithon Beach area for future luxury projects, though no specific details or launch timelines for these subsequent developments have been publicly announced.
What buyers should know
Maison Development is a privately held company and is not listed on the Stock Exchange of Thailand. As a result, it is not subject to the same level of public disclosure and reporting requirements as listed developers.
Due diligence checks of Thai-language public records, including court databases, regulatory announcements, and mainstream press coverage, did not find any documented legal disputes, formal enforcement actions, or significant clusters of consumer complaints specifically linked to Maison Development or its known projects.
While Thai authorities have increased scrutiny of corporate structures used for foreign property ownership, research found no reports, filings, or official statements connecting Maison Development to any investigations related to nominee shareholding or compulsory divestment actions.
Source notes: see citations below.