At a glance
- Developer Name: Capstone Asset Co., Ltd. (บริษัท แค๊ปสโตน แอสเสท จำกัด)
- Founded: 27 March 2019
- Headquarters: Bangkok, Thailand
- Status: Private limited company, not listed on the Stock Exchange of Thailand (SET).
- Leadership: Thitiwat Koovijitsuwat (ฐิติวัฒน์ คูวิจิตรสุวรรณ) is publicly identified as the Chief Executive Officer.
- Business Focus: Development and investment in residential, commercial, and hospitality real estate, with a stated focus on lifestyle-led projects and branded residences in major Thai cities.
Heritage and ownership
Capstone Asset Co., Ltd. was incorporated in Bangkok on 27 March 2019. It operates as a privately held limited company and is not listed on the Stock Exchange of Thailand or any other major public exchange. Public records do not indicate that it is a subsidiary of a larger parent group or conglomerate.
The company's registered office is located at the Canvas Ploenchit Building in central Bangkok. While its official business registration is for management consultancy, its stated corporate objective and public activities are centered on real-estate development and investment. The firm describes its strategy as focusing on ground-up development and select value-add opportunities in gateway cities across Thailand.
According to corporate data, Capstone Asset has a registered capital of 2,000,000 THB and is classified as a small business. These statutory figures do not reflect the gross development value of its projects. The company's management has self-reported a portfolio of pending and completed projects with a total value exceeding USD 400 million. Media interviews with its leadership have cited annual revenue figures of 1.2 billion THB for the most recent year, with projections to reach 2.2 billion THB in the near future, driven by new hotel and residential developments.
The key public figure for the company is CEO Thitiwat Koovijitsuwat, who frequently represents Capstone Asset in project announcements and media interviews. While the corporate website mentions other senior roles, specific names for these positions are not publicly listed.
Phuket portfolio
Capstone Asset's flagship project in Phuket is PEYLAA Phuket, Autograph Collection Residences. This is a large-scale branded residence development located near Bang Tao Beach in the Cherngtalay area.
Announced in 2025, the project is being developed in partnership with Marriott International. It is part of a mixed-use masterplan that will also include a 126-key Autograph Collection hotel. The residential component consists of 408 fully furnished condominium units spread across three seven-storey buildings. The total project value is cited in various reports as being between 3.4 billion and 4.0 billion THB.
The development is scheduled to be completed in two phases. Phase one, comprising 263 units, is targeted for completion by the end of 2027, with the second phase of 145 units scheduled for the end of 2028. The associated hotel is expected to open around 2030. Research did not identify any other completed or under-development residential projects by Capstone Asset in Phuket.
What buyers should know
A review of publicly available information from mainstream business and property media, both Thai and English, did not find any evidence of significant legal or regulatory issues concerning Capstone Asset Co., Ltd. or its Phuket developments. The search found no documented reports of major legal disputes, court cases, or regulatory enforcement actions against the company.
Furthermore, there were no public records of widespread customer complaints related to project delays, construction quality, or contractual problems. The media coverage surrounding the PEYLAA Phuket project focuses primarily on its launch, design, partnership with Marriott International, and the company's strategic outlook, with no mention of public controversies, environmental issues, or licensing problems.
As a privately held company, Capstone Asset is not subject to the same continuous disclosure requirements as a publicly listed entity on the Stock Exchange of Thailand. Therefore, information regarding minor disputes, internal financing, or specific regulatory inspections may not be available in the public domain. The assessment is based on accessible desk research and may not capture issues that have not been reported by the media or indexed in public databases.
Source notes: see citations below.