Banyan Group Residences Phuket: Developer Review 2026
Full Banyan Group Residences developer review 2026: all brands, Phuket projects, prices from $160K to $6.5M, yields and buyer profiles.
Banyan Group Residences Phuket: Developer Review 2026
Banyan Group is one of Asia’s most recognised international hotel and development groups, with brands spanning ultra-luxury to lifestyle wellness. In Phuket, all Banyan Group Residences projects are concentrated in the Bang Tao and Laguna Phuket area, with prices ranging from THB 5.75M (~$160K) for a secondary-market Cassia unit to $6.5M for a beachfront Banyan Tree Oceanus residence. The group operates 5 distinct residential brands under the Banyan Group umbrella.
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Who Is Banyan Group?
Banyan Group (formerly Banyan Tree Holdings) is a Singapore-headquartered international hospitality and property group founded in 1994 by Ho Kwon Ping. Originally known for its ultra-luxury Banyan Tree resorts, the group has expanded into a multi-brand hospitality and residential platform with operations across Asia, the Middle East, the Americas, and Europe.
The group’s residential arm — Banyan Group Residences — develops branded properties ranging from ultra-premium beachfront estates to wellness condominiums and lifestyle apartments. All Phuket residential projects are located within or adjacent to the Laguna Phuket estate in the Bang Tao / Cherng Talay area of northwest Phuket.
Key group facts:
- Founded: 1994 in Singapore
- Brands: Banyan Tree, Angsana, Garrya, Cassia, Bellaguna, Homm, Folio, Dhawa
- Markets: 24+ countries, 50+ properties under management
- Phuket: flagship Asia-Pacific development hub
- Development partner: Laguna Resorts and Hotels PLC (SET-listed)
Banyan Group Residential Brands Explained
Banyan Group operates multiple residential tiers. Understanding which brand fits which buyer profile is essential before committing to a purchase.
| Brand | Tier | Price Range (Phuket) | Target Buyer |
|---|---|---|---|
| Banyan Tree | Ultra-premium | $4.7M–$6.5M | HNW / UHNW |
| Angsana | Luxury | From $1.2M | Affluent lifestyle buyer |
| Garrya | Wellness luxury | $430K–$1.9M | Wellness-focused investor |
| Cassia | Lifestyle affordable | $160K–$375K | Entry-level investor |
| Bellaguna | Premium condo | TBA (Lakelands) | Mid-HNW investor |
Banyan Tree Brand
The flagship brand. Banyan Tree properties are synonymous with privacy, exclusivity, and ultra-luxury experiences. Residential products under this brand command the highest price-per-sqm in the Laguna Phuket estate. The Banyan Tree Beach Residences series — Oceanus and Varuna — represents the pinnacle of branded real estate on Phuket’s Bang Tao Beach.
Angsana Brand
Angsana targets affluent travellers seeking a more accessible luxury experience than Banyan Tree while still offering premium amenities and Banyan Group service standards. In Phuket, the Angsana Oceanview Residences (completed 2021) are available on the secondary market from approximately $1.2M.
Garrya Brand
Garrya is Banyan Group’s wellness-focused brand, built around preventive health, mindfulness, and spa-integrated living. The Residences at Garrya Phuket — currently under construction and due Q2 2027 — is Banyan Group’s most compelling mid-market product in Phuket, priced from $430K with a location 200m from Bang Tao Beach.
Cassia Brand
Cassia is the most affordable entry point into the Banyan Group / Laguna Phuket ecosystem. Cassia Phuket (completed 2019) offers studio to two-bedroom units from THB 5.75M (~$160K) on the secondary market. Units participate in a managed rental pool, making Cassia the most yield-accessible Banyan Group product for smaller investors.
Bellaguna Brand
Bellaguna is the newest Banyan Group residential brand, positioned as a premium lakeside lifestyle product within the $2 billion Laguna Lakelands masterplan announced in February 2024. Specific project details are in early stages; expect launches within the 2025–2028 development window.
All Active Banyan Group Phuket Projects
| Project | Units | Status | Price Range | Delivery |
|---|---|---|---|---|
| Banyan Tree Beach Residences Oceanus | 16 | Off-plan | $4.7M–$6.5M | Dec 2028 |
| Banyan Tree Beach Residences Varuna | 10 | Off-plan | On request | 2028 |
| Banyan Tree Grand Residences Sirena | 40 | Off-plan | Premium (TBA) | 2026 |
| Residences at Garrya Phuket | 38 | Under construction | $430K–$1.9M | Q2 2027 |
| Skypark Elara Lakelands | 220 | Under construction | $265K–$1.52M | Oct 2026 |
| Angsana Oceanview Residences | 149 | Ready | From $1.2M | 2021 (ready) |
| Cassia Phuket | 104 | Ready | $160K–$375K | 2019 (ready) |
Laguna Phuket: Why Every Banyan Group Residence Is Here
The decision to concentrate all Banyan Group Phuket residential development within Laguna Phuket is deliberate. Laguna Phuket is a 1,000-acre integrated resort estate on Bang Tao Beach in northwest Phuket — the largest and most established resort development zone in Thailand.
Within Laguna Phuket residents benefit from:
- Bang Tao Beach — 8km of white sand, consistently rated one of Phuket’s best
- Laguna Golf Phuket — an 18-hole championship course surrounded by lakes
- Banyan Tree Spa — flagship spa accessible to all Laguna residents
- Boat Avenue and Porto de Phuket — Phuket’s best lifestyle retail and dining destinations
- BISP (British International School Phuket) — 5 minutes away
- Bangkok Hospital Phuket — 20 minutes
The Laguna “gate” provides a tangible quality premium. Properties inside Laguna Phuket consistently command 20–40% higher prices than comparable units just outside the estate.
Banyan Group vs Independent Phuket Developers
What justifies paying Banyan Group brand premium?
Brand-driven rental premium: A Banyan Tree or Garrya-branded unit commands materially higher average daily rates than a non-branded condo in the same location. Guests pay for the brand association, service standards, and amenities.
Managed rental programmes: Banyan Group projects typically offer hotel-managed rental pools, removing the operational burden from owners while maximising occupancy through international reservation systems.
Resale liquidity: Branded residences in established luxury ecosystems — particularly in Laguna — have historically sold faster and at higher prices per sqm than non-branded alternatives. The brand functions as a quality guarantee that reduces buyer due diligence friction.
Developer track record: Banyan Group’s long operational history in Phuket (Banyan Tree Phuket opened in 1994) provides reassurance that the development entity has skin in the game — their resort operations are directly affected by construction quality.
Price Per Sqm Analysis
| Project | Price/sqm (THB) | Price/sqm (USD) | Notes |
|---|---|---|---|
| Banyan Tree Oceanus | ~550,000+ | ~$15,000+ | Ultra-luxury beachfront |
| Residences at Garrya | ~297,000 | ~$8,300 | Wellness beachfront |
| Skypark Elara | ~218,000 | ~$6,100 | Lakelands, lake view |
| Cassia Phuket | ~120,000–180,000 | ~$3,300–$5,000 | Secondary market |
| Angsana Oceanview | TBC | ~$6,000–$9,000 | Secondary market estimate |
Garrya at $8,300/sqm is meaningfully above the Phuket luxury condo average of approximately $4,000–$5,000/sqm but still well below Banyan Tree beachfront pricing. The wellness brand premium of 60–70% versus Skypark Elara reflects the beachfront proximity and Garrya brand differentiator.
Investment Returns: What Banyan Group Projects Deliver
Forecast Gross Rental Yields
| Project | Forecast Gross Yield | Basis |
|---|---|---|
| Banyan Tree Oceanus | ~5% | Developer forecast, luxury rates |
| Residences at Garrya | 6–8% | Wellness premium ADR estimate |
| Skypark Elara | 5.5–7% | Lake view, managed programme |
| Cassia Phuket | 6–8% | Hotel licence, managed pool |
| Angsana Oceanview | 5–7% | Secondary market estimate |
Net yields after management fees (typically 30–40% of gross) and tax typically land 30–40% below gross figures. For Cassia, net yield of approximately 4–5% at $160K entry is achievable. For Garrya at $430K, net yield of 4.5–5.5% is plausible.
Capital Appreciation
Laguna Phuket has historically delivered 5–6% per year price appreciation. Off-plan projects within Laguna have recorded 35–50% capital appreciation from reservation to completion. Banyan Tree Oceanus at $4.7M–$6.5M targets capital preservation plus yield for HNW buyers rather than speculative appreciation.
Pros and Cons of Investing with Banyan Group
What works well:
- International brand equity commands rental and resale premiums
- All projects inside or adjacent to Laguna Phuket — the most established resort estate in Thailand
- Managed rental programmes remove owner operational burden
- Wide price range: $160K (Cassia secondary) to $6.5M (Oceanus)
- Developer track record since 1994 in Phuket
- Payment plans available (interest-free at Garrya and Skypark Elara)
What to consider:
- Banyan Group brand premium means higher entry prices vs non-branded alternatives
- Management fees reduce net yield materially (typically 30–40% of gross revenue)
- Off-plan units (Garrya, Oceanus) require 2–3 years before income generation
- Garrya at $8,300/sqm is expensive relative to broader Phuket luxury market
- Ultra-premium units (Oceanus $4.7M+) have a narrow resale market
Frequently Asked Questions
Frequently Asked Questions
Banyan Group Residences is the residential development arm of Banyan Group (formerly Banyan Tree Holdings), a Singapore-based international hospitality group founded in 1994. Their Phuket projects span brands including Banyan Tree, Angsana, Garrya, and Cassia, all located within Laguna Phuket.
Cassia Phuket is the most affordable entry point, with secondary-market units available from approximately THB 5.75M (~$160K). Cassia offers a managed rental programme and is fully completed since 2019.
Foreign buyers in Thailand can hold condominiums via freehold title (Chanote) under the Thai Condominium Act, provided the foreign quota (49% of total units) is available. Laguna Phuket projects including Cassia, Garrya, and Skypark Elara offer freehold condominium title to foreign buyers. Always verify current quota availability with the developer or your legal adviser.
Gross rental yields across Banyan Group Phuket projects range from approximately 5% (Banyan Tree Oceanus forecast) to 6–8% (Cassia managed pool, Garrya wellness premium estimate). Net yields after management fees of 30–40% typically land at 3.5–5.5%. Actual returns depend on occupancy, rental rates, and programme terms.
Banyan Group has operated in Phuket since 1994 and its development partner Laguna Resorts and Hotels PLC has been listed on the Stock Exchange of Thailand (SET) since 1993. This institutional track record significantly reduces developer default risk compared to smaller independent developers. However, off-plan investment always carries construction timeline and market risk.
Read Also
- Buying Property in Phuket
- Phuket Rental Yield Guide
- Best Areas to Buy in Phuket
- Bang Tao Property Guide
- Freehold vs Leasehold Thailand
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