Laguna Lakelands Phuket: The $2 Billion Masterplan Explained

Announced in February 2024, Laguna Lakelands is Laguna Property’s $2 billion masterplan for a new integrated eco-lifestyle community adjacent to the existing Laguna Phuket estate. Covering 1 million sqm with up to 5,000 residential units planned over 5–10 years, it represents the single largest planned property development in Phuket’s history. This guide explains what Lakelands actually is, which projects are live, what the investment thesis is for early buyers, and what the long-term implications are for property values in the area.

The Laguna Lakelands Vision

Laguna Lakelands is positioned as an evolution of the Laguna Phuket estate concept — but with a specifically modern, eco-conscious, lifestyle community identity rather than a pure resort focus.

The core Lakelands concept:

• Eco-friendly community: Energy-efficient buildings, green corridors, lake-centred landscape design
• International lifestyle: Designed for international residents, families, remote workers — not just tourists
• Mixed use: Residential, retail, dining, wellness, and lifestyle amenity all integrated
• Connectivity: Walking and cycling connectivity within the development and to existing Laguna Phuket infrastructure
• Lakes as centrepiece: Natural lake features form the design anchor — hence “Lakelands”

This is meaningfully different from typical Phuket condo developments, which are essentially isolated tower projects. Lakelands is a town-planning exercise — a new neighbourhood being built from scratch with holistic lifestyle infrastructure.

Masterplan By the Numbers

Metric	Detail
Total investment	$2 billion (THB 72+ billion)
Land area	1 million sqm (100 hectares)
Planned residential units	Up to 5,000
Development timeline	5–10 years (from 2024)
Developer	Laguna Property (Laguna Resorts and Hotels PLC, SET-listed)
Partners	Banyan Group (multiple branded project co-developments)
Announced	February 2024
First delivery	October 2026 (Skypark Elara Lakelands)

Active Lakelands Projects in 2026

Skypark Elara Lakelands (First Phase)

• Units: 220 (3 buildings, 7 floors each)
• Price range: THB 8.29M–47.45M (~$265K–$1.52M)
• Price/sqm: THB 218,000 ($6,100)
• Delivery: October 2026
• Types: 1BR (57 sqm), 2BR (85 sqm), 3BR (141 sqm), up to 186 sqm
• Payment: 0% interest, 20% across 5 stages
• Views: Lake views, Laguna Golf proximity

Skypark Elara is the first Lakelands project to deliver. Buyers entering Elara are the earliest investors in the Lakelands masterplan and will benefit from the full infrastructure buildout over the coming decade.

Laguna Lake Residences Aster (Second Phase)

• Units: 180 (3 buildings, 7 floors)
• Price range: From $338K (1BR) to $1.11M (3BR)
• Price/sqm: ~$6,200/sqm
• Delivery: December 31, 2027
• Types: 1BR (55–57 sqm), 2BR (83–85 sqm), 3BR (112–113 sqm)
• Construction: January 2026 – December 2027
• Features: 60m infinity rooftop pool, fully furnished, Banyan Tree Spa access, Laguna Golf proximity
• Views: Lake views, garden views

Laguna Aster represents the second Lakelands residential phase, with more premium amenities (60m rooftop pool) versus Skypark Elara and slightly higher pricing.

Upcoming Lakelands Phases

• Bellaguna (Banyan Group Bellaguna brand): Pricing and timeline TBA — expected 2026–2027 launch
• Additional Lakelands phases: Multiple further residential phases planned across the 5–10 year masterplan window

The Investment Thesis: Why Buy Early in a Masterplan

The masterplan investment thesis is well-established in global real estate markets — from Dubai’s Palm Jumeirah to Singapore’s Marina Bay Sands precinct. The principle:

Early buyers purchase before the full infrastructure exists, at lower prices. As each infrastructure phase completes — better landscaping, more retail, improved roads, new amenities — property values rise. Later buyers pay progressively higher prices as the area matures.

In Laguna Lakelands specifically:

Phase	Infrastructure Status	Implication for Value
2024–2026 (Early Elara buyers)	Lakes and basic infrastructure only	Lowest prices, highest appreciation potential
2026–2028 (Aster + Bellaguna)	Elara completed, more amenities live	Moderate prices, strong appreciation
2028–2030 (Later phases)	Multiple phases complete, retail live	Higher prices, moderate further appreciation
2030+ (Mature Lakelands)	Full masterplan delivered	Premium pricing, stable appreciation

Skypark Elara buyers in 2024–2026 are in the earliest phase — maximum appreciation potential, but also the longest period before full Lakelands infrastructure is in place.

Lakelands vs the Existing Laguna Phuket Estate

A common question: how does buying in Lakelands compare to buying in the existing Laguna Phuket estate?

Factor	Laguna Lakelands (New)	Laguna Phuket (Existing)
Infrastructure	Being built 2024–2030+	Established 30+ years
Prices	Lower (pre-infrastructure)	Higher (established premium)
Appreciation potential	High (masterplan development curve)	Moderate (already appreciated)
Beach proximity	Less direct (shuttle/walk)	More direct for established projects
Newness	Brand new buildings	Mix of older and newer
Lifestyle completeness	Growing towards maturity	Mature — full amenity set now

The key trade-off: existing Laguna estate offers mature infrastructure and immediate lifestyle completeness but at higher prices and less appreciation runway. Lakelands offers lower entry prices, higher appreciation potential as infrastructure matures, but a less-complete lifestyle experience in the early phases (2024–2028).

Lakelands and Its Impact on Area Property Values

The $2 billion investment in Lakelands infrastructure has immediate and long-term value implications for the entire Bang Tao / Cherng Talay area:

Infrastructure spillover: New roads, landscaping, retail, and utilities serving Lakelands benefit adjacent properties in the broader area.

Supply management: Despite adding up to 5,000 units, Laguna Property’s careful phasing and price management historically prevents supply gluts. The 5–10 year timeline means additions are absorbed gradually.

Demand multiplier: A $2 billion international lifestyle community attracts new demographic groups — international families, remote working professionals, wellness-focused retirees — who weren’t previously Phuket real estate buyers. This new demand broadens the buyer and tenant pool for the entire area.

Brand elevation: The Laguna Lakelands brand, once built out, will further elevate Bang Tao / Cherng Talay’s positioning in the international luxury real estate market, supporting price appreciation area-wide.

Connectivity to Existing Laguna Infrastructure

Lakelands is designed to be connected — not isolated — from the existing Laguna Phuket estate:

Amenity	Connection
Laguna Golf Phuket	Walking distance / short drive
Banyan Tree Spa	Short drive (Aster specifically has direct access)
Boat Avenue	Short drive
Bang Tao Beach	Laguna shuttle or short drive (~1.5km)
BISP British International School	5 min drive
Porto de Phuket	5 min drive
Phuket International Airport	20 min drive

The beach is the key question: Lakelands is approximately 1.5km from Bang Tao Beach, not beachside. For buyers who specifically want beachfront or beachside (under 200m), Garrya or Laguna Seaside are better options. For buyers who value lake lifestyle, golf access, and eco-community living over direct beach proximity: Lakelands is compelling.

Eco-Community Concept: What Does “Eco-Friendly” Mean Here?

Laguna Lakelands’ eco-friendly concept encompasses several elements:

Lake ecology: The lake systems at the heart of Lakelands serve ecological functions — stormwater management, habitat, irrigation — beyond aesthetic value.

Green architecture: Buildings in Lakelands phases are designed to meet modern energy efficiency and environmental standards — significantly higher than older Laguna estate stock.

Cycling and walking: Lakelands is designed for pedestrian and cycling connectivity — reducing car dependency within the development.

Green corridors: Landscaped green buffers and corridors integrated throughout the masterplan.

This eco-positioning appeals to the growing segment of international buyers and tenants who specifically seek environmentally responsible property — an ADR premium driver in the rental market.

Pros and Cons

What works well:

• Earliest-phase buyers capture most of the masterplan appreciation curve
• $2 billion developer commitment provides infrastructure investment certainty
• Laguna Property (SET-listed, 30+ year track record) — safest developer in Phuket
• Eco-community concept appeals to growing international lifestyle buyer segment
• Multiple branded products (Banyan Group collaboration) within the masterplan
• Interest-free payment plans on Skypark Elara and Laguna Aster

What to consider:

• Up to 5,000 units over 10 years is significant supply — late-phase buyers face more competition
• Beach is 1.5km away — this is a lakeside lifestyle community, not a beachside one
• Early-phase buyers (2024–2026) experience less-complete infrastructure for several years
• Long masterplan timeline (5–10 years) means full vision takes time to materialise
• Lake-view premium is less established than sea-view or beachfront premium in Phuket

Frequently Asked Questions

Frequently Asked Questions

What is included in the Laguna Lakelands $2 billion masterplan? +

The Laguna Lakelands masterplan covers 1 million sqm in the Cherng Talay area adjacent to Laguna Phuket. The $2 billion investment over 5–10 years includes up to 5,000 residential units across multiple projects (Skypark Elara, Laguna Lake Residences Aster, Bellaguna, and additional phases), as well as lake infrastructure, green corridors, retail, dining, wellness facilities, and connectivity to the existing Laguna Phuket estate. The first delivery is Skypark Elara in October 2026.

Is buying Skypark Elara a good investment given the masterplan? +

Skypark Elara buyers (delivering October 2026) are the earliest-phase Lakelands investors. As the masterplan's subsequent phases deliver through 2027–2030 — more amenities, better landscaping, increased retail, improved estate connectivity — the value of existing Lakelands units, including Elara, should appreciate. This is the classic masterplan investment thesis: buy early before infrastructure is in place, benefit as the area matures.

How far is Laguna Lakelands from Bang Tao Beach? +

Laguna Lakelands is approximately 1.5km from Bang Tao Beach — a 10–15 minute walk or a short drive. It is not beachside in the way Laguna Seaside (approximately 100m from beach) or Garrya (200m from beach) are. Lakelands is a lake-centred lifestyle community; residents wanting beachside should look at Garrya, Laguna Seaside, or Laguna Beachside instead.

When will the full Laguna Lakelands masterplan be complete? +

Laguna Property announced the masterplan in February 2024 with a 5–10 year development timeline. Based on the announced projects, the 2026–2028 period will see first deliveries (Elara Oct 2026, Aster Dec 2027, Bellaguna TBA). Full masterplan completion with all 5,000 units and complete lifestyle infrastructure is expected by approximately 2030–2034, depending on market demand and development pace.

Will 5,000 new Lakelands units suppress property values in Phuket? +

Not likely — for three reasons. First, the 5–10 year timeline phases supply additions gradually, preventing acute supply gluts. Second, Laguna Property's proven price management and prestige positioning historically prevents destabilising market oversupply. Third, the $2 billion investment attracts new buyer and tenant demographics (international families, remote workers, wellness buyers) who expand the demand base alongside supply growth. The risk is more localised to lower-quality non-Laguna Phuket condos that may lose relative competitiveness.

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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