Laguna Lakelands Phuket: March 2026 Development and Sales Update
Laguna Lakelands masterplan update March 2026. Phase 2 announced, +8% price growth in Laguna zone, construction progress on Elements and Aster. What buyers need to know now.
Laguna Lakelands Phuket: March 2026 Development and Sales Update
Laguna Lakelands — Phuket’s largest integrated masterplan covering 2,300 acres in the Bang Tao / Cherng Talay corridor — entered Q2 2026 with Phase 2 planning formally announced, strong Phase 1 sales across Elements and Aster residences, and a confirmed 8% property price increase year-on-year across the Laguna zone. Buyers who reserved in early 2025 are already sitting on 12–18% paper gains based on current resale price differentials. Here is the full picture as of March 2026.
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Phase 1 Construction Progress
Phase 1 of Laguna Lakelands encompasses 558 residential units across three anchor projects: Laguna Park 2, Elements, and Aster (Laguna Lake Residences Aster). Construction status as of March 2026:
| Project | Units | Price From | Status | Expected Handover |
|---|---|---|---|---|
| Skypark Elara Lakelands | 220 | $265,000 (1BR) | Final fitout underway | October 2026 |
| Laguna Lake Residences Aster | 180 | $338,000 (1BR) | Construction started Jan 2026 | December 2027 |
| Residences at Garrya Phuket | 38 | $430,000 (1BR) | Active construction | Q2 2027 |
| Laguna Seaside Residences | 50 | $250,000 | Delivered — handovers complete | Q1 2026 |
| Botanica Hythe | 276 | $302,000 (1BR) | Phased delivery | Q4 2025–Q4 2026 |
Source: MORE Group project tracking, March 2026. USD prices indicative at approximately 35 THB/USD.
Skypark Elara is the most time-sensitive project in the portfolio. With final fitout underway, October 2026 delivery is confirmed. Buyers entering now face a 6-month construction tail, not a multi-year wait — making this effectively a near-ready purchase rather than a traditional off-plan bet. Foreign quota availability should be verified directly; the project has been selling since 2024.
Laguna Lake Residences Aster broke ground in January 2026 and represents the clearest buy-early opportunity in the masterplan. With 21 months of construction ahead, buyers reserving in March 2026 are entering at the bottom of the appreciation curve for this project. The 60-metre rooftop infinity pool, full Banyan Group furniture package, and direct access to Banyan Tree Spa and Laguna Golf Course position Aster above Skypark Elara on lifestyle credentials — at a higher price point.
Garrya Phuket Residences at 38 units is the most exclusive project in Phase 1, priced at approximately $8,300/sqm average. The Banyan Group wellness brand, 200-metre proximity to Bang Tao Beach, and extreme unit scarcity make this a fundamentally different investment proposition from the condo projects.
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Phase 2: What’s Coming and When
Laguna Lakelands Phase 2 was formally announced in Q1 2026, covering the western and southern portions of the 2,300-acre masterplan. Key confirmed elements:
- Scale: Phase 2 is projected to add an additional 400–600 residential units across 3–4 new projects within the Lakelands zone
- Infrastructure: New internal road network connecting the masterplan to the Cherng Talay / Boat Avenue retail corridor; expansion of the Laguna Golf Course to international tournament standard; additional hotel additions within the resort
- Timeline: Pre-launch consultation for Phase 2 projects expected Q3–Q4 2026, with formal launches likely in 2027
- Pricing: Phase 2 projects are expected to launch above Phase 1 pricing, reflecting the infrastructure investment and the track record established by Phase 1 delivery
The Phase 2 announcement is relevant to Phase 1 buyers for one specific reason: infrastructure completion across a masterplan raises values across the entire area, not just at the new project. Buyers in Skypark Elara or Aster benefit from Phase 2 road and amenity investment without any additional cost.
One structural detail worth noting: Banyan Group’s parent company, Laguna Resorts & Hotels PLC, is listed on the Stock Exchange of Thailand (SET). This provides public financial reporting and accountability — a meaningful due diligence signal in a market where developer credibility varies widely.
Investment Case: Should You Buy Into Laguna Lakelands Now?
The investment case for Laguna Lakelands is fundamentally a masterplan bet. You are not just buying a condo — you are buying into a 10-year commitment of capital and infrastructure from Banyan Group that has already delivered and is continuing to deliver. This is a different risk profile from a standalone developer launching their first or second project.
The case for buying now:
The Laguna zone posted 8% YoY price growth in Q1 2026 — the strongest of any zone on the island. Phase 1 resale pricing is already running 15–20% above early reservation prices. Phase 2 will add additional infrastructure value. Rental yields in the Laguna zone for managed units are tracking 5.5–8.5% gross, with strong occupancy driven by the Banyan Tree resort ecosystem.
Honest risks to factor in:
Premium pricing — at $5,200–$8,300/sqm depending on project — means lower yield-to-entry ratios than Rawai or Nai Yang alternatives. THB/USD exchange rate movement compresses USD-denominated returns when the baht strengthens. And execution over a 10-year masterplan carries inherent timeline risk — Phase 2 delivery could slip.
Who this is right for:
Laguna Lakelands suits buyers with a minimum 3–5 year hold horizon, budgets starting at $265,000 for Skypark Elara or $338,000 for Aster, and a preference for brand-credibility-backed rental management over the highest possible gross yield. For buyers targeting maximum yield on minimum capital, Rawai and Nai Yang remain more appropriate.
The Laguna Lakelands window for Phase 1 entry closes with Skypark Elara handover in October 2026. After that, Phase 1 becomes a resale market. The next below-resale entry point will be Phase 2 — likely not available until 2027.
Frequently Asked Questions
October 2026. Final fitout is underway as of March 2026. Buyers reserving now face approximately a 6-month wait to keys — making this closer to a ready-to-move purchase than a typical off-plan investment.
Phase 1 ranges from $265,000 for a 1-bedroom in Skypark Elara to over $1.5M for larger units in Garrya Phuket Residences. Laguna Lake Residences Aster starts at $338,000 for a 1-bedroom. All prices are for freehold-eligible foreign quota units.
Phase 2 was announced in Q1 2026 and will cover the western and southern portions of the 2,300-acre masterplan with 400–600 additional units. Pre-launch consultation is expected Q3–Q4 2026, with formal project launches likely in 2027 at prices above Phase 1.
Gross yields in the Laguna zone average 5.5–8.5% for professionally managed units, with net yields (after management fees of 15–20%) typically at 4.5–6%. The Banyan Group managed rental pool benefits from the Laguna Resort's established international guest network, supporting stronger occupancy than standalone condo projects.
Yes. Skypark Elara, Laguna Lake Residences Aster, and Garrya Phuket Residences are all registered as condominiums under the Thai Condominium Act, with 49% foreign freehold quota. Verify remaining foreign quota before reserving — popular unit sizes in Skypark Elara may be limited as the project approaches handover.
Read Also
- Laguna Lakelands Masterplan: Full Guide
- Laguna Phuket Off-Plan Investment 2026
- Laguna Phuket Rental Yield Analysis
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