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 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 123 projects in Bang Tao · Laguna; new-build entry level here: from ~$93,683. Skypark Elara Lakelands’s entry price is about 61% 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.
Indicative estimate: yield and the rental model depend on the project, unit and management program. Request an exact projection for a specific unit.
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
A completed diamond-shaped condo 10 minutes on foot from Bang Tao beach
The “12 developer checks in Phuket” checklist plus a personal yield projection for your budget — sent via Telegram or e-mail.
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.
