The first residential phase of the Laguna Lakelands mega-project: 220 units across three low-rise buildings with a rooftop infinity pool
Skypark Elara Lakelands — condo project, Bang Tao · Laguna: entry from ~$273,200, from $4,459 per sqm. Beach: Bang Tao / Layan, ~5–7 km (no direct beach access). Both freehold and leasehold available. A managed rental program runs here — the yield is calculated per unit. Completion: Q4 2026 for the first buildings (developer announcement, 2024).
Skypark Elara Lakelands is the first residential phase of Laguna Lakelands, Banyan Group’s new mega-project on the hills above Bang Tao: more than a million square metres of gardens, lakes and residential quarters next to their own Laguna Phuket resort. Skypark Elara itself is three low-rise, seven-storey buildings with 220 units of 1 to 3 bedrooms, 54–183 sqm, sharing a rooftop across all three: an infinity pool, a barbecue terrace, a running track and lounging areas overlooking the quarter’s future lakes.
An important location caveat: Skypark Elara sits deep inside the inland part of Lakelands, not on the beachfront. Bang Tao Beach is about 6.1 km away, roughly 10 minutes by the developer’s shuttle or by car, and HKT Airport is 20–30 minutes out. The surrounding infrastructure is currently a construction site: the quarter itself, with its seven lakes, Town Center and the remaining Lakelands phases, is being built in parallel, and early buyers are effectively financing the emergence of an area that will keep gaining infrastructure for years. On the plus side, the neighboring Laguna Phuket resort’s infrastructure is already available — a golf course, a canal network and restaurants that sit closer to Skypark Elara than to many other projects in the island’s north.
The economics here are an entry into a brand, not into a finished picture. Banyan Group has been building Laguna since the 1980s and remains one of the island’s most stable developers — from Banyan Tree and Angsana to Cassia. Skypark Elara is the most affordable condominium format inside Lakelands, far cheaper than the villas next door. At the 2024 launch the entry price was ~$253,000 for a one-bedroom unit; today, per the current listing, it starts from ~$273,200, with penthouses up to $816,000. A roughly 8% rise in under two years is a typical pattern for early entry into a large off-plan project — and also a sign that the cheapest stage has already passed. Among disclosed running costs is the CAM fee — about 46 THB/sqm per month ($1.39), competitive for projects in the Laguna corridor.
Completion dates diverge across sources: the developer cited Q4 2026 for the first three buildings at launch, while the current villacarte listing shows a more cautious horizon of end-2028. For a project of this scale, such spread is normal — but verifying the specific schedule for your building before reserving is essential. The rental model is the developer’s own management programme, targeting roughly 6% per year. That is a projection, not a guarantee: actual yield will depend on occupancy after handover, on competition inside Lakelands itself — where several more phases are being sold in parallel — and on who ends up managing the unit.
Who it fits: an investor with a multi-year horizon betting on the brand and on Laguna’s growth as a location, not on immediately finished infrastructure. Anyone who wants a beach “at the doorstep” right now is better off looking at completed projects in the same area — Angsana, Cassia, Twinpalms — or waiting for Skypark Elara’s actual handover and the first years of its rental programme.
Our role as an agency is to compare the specific unit and building at Skypark Elara against alternatives in the same budget across all of Laguna, including the resale market for completed condos, to review the contract and the developer’s current payment schedule, and to support the transaction from reservation to title transfer. The developer pays the commission — the price for the buyer does not change.
Prices and availability change; data is accurate as of the page update date. Request a fresh price list — we send it the same day. Updated: July 2026.
Our catalog currently tracks 132 projects in Bang Tao · Laguna; new-build entry level here: from ~$87,852. Skypark Elara Lakelands’s entry price is about 60% below the district median — one of the most affordable starts in the area.
The median is calculated from the “from” prices of all catalog projects in the district and refreshes with every update.
Neighbours are picked by the same property type and the closest entry price in the same area — the projects our buyers actually shortlist against each other. Figures recalculate with every catalogue update.
| Skypark Elara LakelandsThis project | Hennessy Residence | The Aqua | |
|---|---|---|---|
| Price from | from ~$273,200 | from ~$278,484 | from ~$262,219 |
| $/sqm | $4,459 | $6,054 | — |
| Beach | Bang Tao / Layan, ~5–7 km (no direct beach access) | Karon, ~500 m | Bang Tao, ~2 km |
| Completion | Under constructionQ4 2026 for the first buildings (developer announcement, 2024) | Under constructionQ1 2027 | phase 1 delivered, move-in ready since December 2025 |
| Ownership | freehold / leasehold | freehold (49% quota) / leasehold | freehold (49% quota) / leasehold |
| Rental program | yes | yes | yes |
The developer information in this listing states: freehold / leasehold. This is the project-level starting point, not a legal opinion on a particular unit. The contract, title, foreign quota and seller authority must be verified before reservation.
A foreign-quota condominium is registered in the buyer’s name. Purchase funds must enter Thailand with the correct purpose so the receiving bank can issue the foreign-exchange evidence used at the Land Office.
Leasehold is registered as a long-term lease. The review covers the term, renewals, assignment, inheritance, early termination and the landowner’s obligation to register the transaction.
Verify the receiving legal entity, construction milestone, payment trigger, delay remedies and the documents the seller must deliver for registration.
This is general information. Structure and taxes depend on the unit, seller and contract; an independent Thai lawyer should complete the final review.
Indicative estimate: yield and the rental model depend on the project, unit and management program. Request an exact projection for a specific unit.
Investment complex near Bang Tao beach with a guaranteed 6% annual yield for 3 years
A 186-unit eco condo between Surin and Bang Tao with guaranteed 5% income — from ~$115,858
A completed 148-unit resort-style condo near Bang Tao’s Laguna with spa and coworking
The “12 developer checks in Phuket” checklist plus a personal yield projection for your budget — sent via Telegram or e-mail.
Availability changes weekly and isn’t published here. We’ll send the list of free units, an honest read on the negotiating room, and a net-yield calculation for your unit with every cost included.
From ~$273,200 for a one-bedroom unit, penthouses up to ~$816,000. Price per sqm runs roughly $4,300–4,900. We confirm the current price for a specific unit separately.
Banyan Group — a company with a track record since the 1980s, the developer of all of Laguna Phuket and the brands Banyan Tree, Angsana, Cassia. Skypark Elara Lakelands is the first residential phase of their new Laguna Lakelands mega-project.
At the 2024 launch the developer cited Q4 2026 for the first three buildings; the current villacarte listing shows a more conservative timeline — end of 2028. Such spread is common for large phases — we verify before you reserve.
Both structures are available — the specifics depend on the unit and the foreign-ownership quota at the time of purchase.
The developer cites a target of ~6% per year through its own management programme. That is a projection, not a guarantee — actual yield depends on occupancy after handover and on who ends up managing the unit.
Skypark Elara is the most affordable, condominium part of the mega-project. Waterfront villas and lakeside villa collections within the same Lakelands cost noticeably more — we compare options against your budget.
Funds arrive from abroad in foreign currency and the Thai bank issues an FET form. Without it the Land Department will not register freehold to a foreigner, so we agree the amount and payment reference in advance.
Take the PDF: developer prices, one-off fees, owner costs and net yield — on the current price list. Or message us on WhatsApp, we reply within 15 minutes.