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Ananda DevelopmentBangplee, Thailand · founded 29 July 1999 · 1 active markets
PUBLIC LISTED

Ananda Development builds condominiums near Bangkok’s BTS and MRT mass-transit stations, plus houses and townhouses in Bangkok and its vicinity. It serves urban residents and customer segments ranging from affordable housing buyers to luxury residential customers, while developing serviced apartments.

Years in business
27
founded 29 July 1999
LinkedIn headcount
344
employees, as shown on LinkedIn · size band 1,001–5,000
Portfolio value
THB 43 BILLION
31 December 2024
Projects last researched October 12, 2026
Every figure on this card was read out of a document.

Overview

Investor tear sheet

a summary of the tabs that follow · no rating of our own

Company dossier

Legal name
Ananda Development Public Company Limited1
Headquarters
No. 99/1 Moo 14 Soi Windmill Village, Bangna-Trad Road (K.M.10.5)1, Bangplee1, Thailand
Founded
29 July 19991
Entity type
PUBLIC LISTED1
Business model
other1
Markets
1 market listed
What they build
Residential, for sale (7 of 9) · Hotel (2 of 9) · Hotel residences (1 of 9)
Full dossier in About →

Delivery record

8 date-assessed of 9 projects
Unverified by developer

AI-researched delivery record, not yet confirmed by the developer. Dates may be approximate; original sources are linked.

Completed projects from 2016-10-15 through 2026-10-15, with sufficient delivery-date evidence. Date assessment and developer profile verification do not mean an independent audit of every source. Original source links and available snippets are provided. May not represent the developer’s full portfolio. 1 undated and 0 boundary-uncertain completions are excluded. Delivery exceptions are listed separately under Projects.
Completed projects assessed
9
within the rolling ten-year window
Median delay
0.0 mo
the middle of 8 scored projects
Average delay
−0.3 mo
the same projects, pulled by the worst
Average time to deliver
3.8 yrs
start to completion, over 4 delivered projects
Worst slip
+3.0 mo
COCO Parc
8
early or less than 6 months late
6 to 12 months late
0
yellow rows below
Over 12 months late
0
red rows below

Against other developers

8 date-assessed here · 9 developers, 34 date-assessed projects in Thailand
Median delay
Ananda Development·9 developers in Thailand
0.0 mo vs 0.0 mo
this developer is level
The typical project on each side.
Average delay
Ananda Development·9 developers in Thailand
−0.3 mo vs +4.6 mo
this developer 4.9 mo better
Both pulled by their worst few.
On time
Ananda Development·9 developers in Thailand
100% vs 82%
this developer 18 pts better
Share of date-assessed projects delivered early or less than 6 months after the original target. Exactly 6 months late is excluded.
Average time to deliver
Ananda Development·9 developers in Thailand
3.8 yrs vs 2.6 yrs
this developer 1.2 yrs slower
Start to completion, over 4 delivered here and 23 in the market.
Projects and timelines in Track Record →

Resident experience

9 of 9 buildings rated · scale 1–10

AI research over published reviews and resident comments. Scores are a model’s reading of opinion, not figures stated on a page, and nothing here feeds any number above it. The links under each block are the pages that research says it used. Based on available resident reviews of covered buildings. These are reported experiences, not independent building inspections, and may not represent all residents or properties.

Overall verdict
8.4/ 10
Weighted judgment across build and operations · from 9 of 9 rated buildings
Structure & systems
6.7/ 10
Fabric, services, waterproofing, envelope · from 4 of 9 rated buildings
Management & living
7.5/ 10
Upkeep, response times, amenities, community · from 9 of 9 rated buildings

Against other developers

9 rated here · 9 developers, 51 rated buildings in Thailand
Overall rating
Ananda Development · 9 other developers in Thailand
8.4 vs 8.0
this developer 0.4 better
The weighted verdict on each side. From 9 of 9 rated buildings here and 51 in the market.
Structure & systems
Ananda Development · 9 other developers in Thailand
6.7 vs —
Too few buildings with this score in Thailand to compare (9)
Fabric and engineering only — fixed at handover. From 4 of 9 rated buildings here and 9 in the market.
Management & living
Ananda Development · 9 other developers in Thailand
7.5 vs 7.8
this developer 0.3 worse
Upkeep and response — belongs to whoever runs the building now. From 9 of 9 rated buildings here and 49 in the market.
The market here is Thailand: every other developer whose head office is in the same country, because the review platforms residents use, and the service norms they judge against, move together within one. It is not a city, a sector or a price band. Read structure and living together. A developer above the market on structure and below it on living builds well and runs buildings badly, which is a fixable problem and a different one from building badly. Higher ratings are better; differences use the displayed scores rounded to one decimal. Rated buildings only, on both sides, and a structure or living score with no stated basis — no review count and no notes or links — is left out of both.
Ratings by building →

Awards & recognition

All awards →

Risks & source coverage

  • REGULATORY 27 July 2023 judgment; status reported 13 August 2026 The Supreme Administrative Court judgment of 27 July 2023 revoked, with retroactive effect, the construction and modification permit for the Ashton Asoke condominium; as of Ananda’s 13 August 2026 disclosure, the project owner was still working with government agencies on a legally compliant solution and the financial impact remained undetermined. This is a project-subsidiary matter, not a finding that Ananda’s parent itself had a revoked licence.
  • LEGAL Judgment 28 March 2024; reported 5 April 2024 A Bangkok South Civil Court judgment reported on 5 April 2024 ordered Ananda MF Asia Asoke, the Ashton Asoke project owner, to return a combined 78 million baht to seven condominium buyers; Ananda said it respected the first-instance judgment but appealed, so the matter was not final at the report date.
  • PROJECT CANCELLED Reported 3 August 2023; underlying permit ruling 27 July 2023 Following the Ashton Asoke permit ruling, Ananda reported that 244 of 766 buyers had cancelled their purchase contracts and received refunds, while four chose relocation; the project itself was not reported as abandoned, and Ananda was pursuing alternative permitting and access solutions.
  • 3 more in Risk & Sources
Record status
active
Company sources
120 source entries across 102 fields
Projects tracked
10 · 9 completed in assessment
All flags and sources →

Track Record

Delivery record

8 date-assessed of 9 projects
Unverified by developer

AI-researched delivery record, not yet confirmed by the developer. Dates may be approximate; original sources are linked.

Completed projects from 2016-10-15 through 2026-10-15, with sufficient delivery-date evidence. Date assessment and developer profile verification do not mean an independent audit of every source. Original source links and available snippets are provided. May not represent the developer’s full portfolio. 1 undated and 0 boundary-uncertain completions are excluded. Delivery exceptions are listed separately under Projects.
Completed projects assessed
9
within the rolling ten-year window
Median delay
0.0 mo
the middle of 8 scored projects
Average delay
−0.3 mo
the same projects, pulled by the worst
Average time to deliver
3.8 yrs
start to completion, over 4 delivered projects
Worst slip
+3.0 mo
COCO Parc
8
early or less than 6 months late
6 to 12 months late
0
yellow rows below
Over 12 months late
0
red rows below

Against other developers

8 date-assessed here · 9 developers, 34 date-assessed projects in Thailand
Median delay
Ananda Development·9 developers in Thailand
0.0 mo vs 0.0 mo
this developer is level
The typical project on each side.
Average delay
Ananda Development·9 developers in Thailand
−0.3 mo vs +4.6 mo
this developer 4.9 mo better
Both pulled by their worst few.
On time
Ananda Development·9 developers in Thailand
100% vs 82%
this developer 18 pts better
Share of date-assessed projects delivered early or less than 6 months after the original target. Exactly 6 months late is excluded.
Average time to deliver
Ananda Development·9 developers in Thailand
3.8 yrs vs 2.6 yrs
this developer 1.2 yrs slower
Start to completion, over 4 delivered here and 23 in the market.
The market here is Thailand: every other developer whose head office is in the same country, because planning regimes and reporting norms move together within one. It is not a city, a sector or a size band. Read the two delay figures together. A median close to the market with a much better average means no single disaster; the reverse means one project is carrying the record. Time to deliver runs from the earliest start we hold to the completion itself — a construction start where a source gave one, otherwise a sales launch, otherwise the launch year read as its January. A handover the sources place only inside a year is read as that December, so a duration is the widest the record allows rather than the flattering end of it. Only delivered projects dated at both ends count, so it is taken over fewer projects than the delay figures, and a long build is not a fault: a tower is not a villa run. Sourced figures only, both sides, and values taken from documents held on file are excluded here — a developer who shares their records should not score better than one who does not.

Construction start to handover

9 of 9 projects dated · 3 places
Based on covered projects with documented construction or launch dates and available handover dates. Timelines vary by project and may not represent the developer’s full portfolio.
Construction start, or the launchTarget completion (window)Completion or handover, as reportedCurrently statedLaunch year only, no date publishedEarly or ≤6 mo lateOver 6–12 mo lateOver 12 mo lateStalled
Mueang Pathum Thani, Thailand
Bangkok, Thailand
Pattaya, Thailand
2018201920202021202220232024202520262027todayMUEANG PATHUM THANI, THAILANDcompleted, no target publishedBANGKOK, THAILANDon timeverified−1.5 moverified−2 moverified−3 moverified+3 moverifiedon timeverified+1.5 moverifiedPATTAYA, THAILANDon timeverified
Click a row in the chart to open a project, or a table row below to see its sources. The chart runs wider than the page where the record spans many years — scroll it sideways to follow a project to its handover. Every date we have is drawn. A hollow marker is only a launch year, not a date anyone published. No dates published means we looked and found none; dates not yet checked means we have not looked yet. Handing over is not finished — rows say which. A delay is shown when one source gives the promised date and another gives the real one, however rough: "2019" still counts, and the row shows how wide that is. Projects missing one of the two dates, or with sources that disagree, are left out of the figures. 5 dated statements are held back: a broker listing with no date on it, or a page with no year, cannot fix a date. 3 turned out to be about something else — a phase, a neighbour, the wider masterplan — and are marked off-subject.

Building & Livability Ratings

Resident experience

9 of 9 buildings rated · scale 1–10

AI research over published reviews and resident comments. Scores are a model’s reading of opinion, not figures stated on a page, and nothing here feeds any number above it. The links under each block are the pages that research says it used. Based on available resident reviews of covered buildings. These are reported experiences, not independent building inspections, and may not represent all residents or properties.

Overall verdict
8.4/ 10
Weighted judgment across build and operations · from 9 of 9 rated buildings
Structure & systems
6.7/ 10
Fabric, services, waterproofing, envelope · from 4 of 9 rated buildings
Management & living
7.5/ 10
Upkeep, response times, amenities, community · from 9 of 9 rated buildings

Against other developers

9 rated here · 9 developers, 51 rated buildings in Thailand
Overall rating
Ananda Development · 9 other developers in Thailand
8.4 vs 8.0
this developer 0.4 better
The weighted verdict on each side. From 9 of 9 rated buildings here and 51 in the market.
Structure & systems
Ananda Development · 9 other developers in Thailand
6.7 vs —
Too few buildings with this score in Thailand to compare (9)
Fabric and engineering only — fixed at handover. From 4 of 9 rated buildings here and 9 in the market.
Management & living
Ananda Development · 9 other developers in Thailand
7.5 vs 7.8
this developer 0.3 worse
Upkeep and response — belongs to whoever runs the building now. From 9 of 9 rated buildings here and 49 in the market.
The market here is Thailand: every other developer whose head office is in the same country, because the review platforms residents use, and the service norms they judge against, move together within one. It is not a city, a sector or a price band. Read structure and living together. A developer above the market on structure and below it on living builds well and runs buildings badly, which is a fixable problem and a different one from building badly. Higher ratings are better; differences use the displayed scores rounded to one decimal. Rated buildings only, on both sides, and a structure or living score with no stated basis — no review count and no notes or links — is left out of both.

By building

9 rated · 0 not rated · scale 1–10
ProjectOverallStructure & systemsManagement & living
COCO ParcKhlong Toei, Bangkok444 units
10.0/ 10
—/ 10
6.4/ 10
Nestopa 4/5, 4/5 · 1 review · nestopa.com
Nestopa 4/5 · 1 review · nestopa.com
Nestopa 3/5 · 1 review · nestopa.com
Combined from 4 published figures on 1 platform, weighted by review count, adjusted for where resident ratings usually fall and weighted toward the 6.5 midpoint where reviews are few: 6.4.

The 4.9/5 building rating from 26 reviews sets the level and converts to 9.7/10 under the requested curve. Repeated praise of management, maintenance, staff and location adds about 0.3 points, producing 10.0/10; no structural score is assigned because the published material did not provide resident evidence about building fabric or systems.

+ Well-maintained amenities+ Exceptional management+ Friendly staff+ Clean common areas+ Direct MRT access
− Air pollution− Limited community facilities

no notes returned

no links returned

The strongest resident feedback describes a hotel-like daily experience: “the amenities are well-maintained,” management is “exceptional,” and the common areas are “always clean and have a pleasant scent.” A separate review praises “zero metre to MRT Klongtoei,” while the Nestopa reviewer says pollution can be overwhelming and misses structured community space.

ANDA Ratchaphruek-ChaengwatthanaMueang Pathum Thani, Mueang Pathum Thani290 units
9.0/ 10
—/ 10
9.0/ 10

Google Reviews/Maps provides the only qualifying building-specific aggregate, 4.6/5 from 18 reviews, converting to 8.8/10 under the stated curve. Repeated praise for access, facilities and atmosphere supports a modest upward adjustment, while the entrance bottleneck and one layout criticism were not recurring qualifying complaints.

− Entrance gate bottleneck− Layout concerns reported in one review
+ Main-road access+ Pleasant atmosphere+ Complete common facilities+ Swimming pool and playground+ Perceived safety
− Narrow entrance gate− Turning bottleneck at entrance

No published engineering, systems or recurring physical-condition review evidence was found. One 3/5 review said the townhouse layout was “ยังไม่ลงตัว” (not fully well resolved) and that the advertising render was better than the real thing; this is a single design/fit-out observation, not evidence of a structural or systems failure.

Daily-life feedback is strongly positive: one resident wrote that they had lived there for more than two years and could use the swimming pool and playground every day, while another said the project was “ปลอดภัย” (safe) and on a main road. The principal operational criticism was that the entrance gate is small and creates a bottleneck, making turns difficult when entering or leaving the main road.

Ascott Embassy Sathorn BangkokSathorn, Bangkok393 units
8.9/ 10
8.0/ 10
8.1/ 10
Booking.com 9.4/10, 9.1/10, 9.5/10, 9.5/10, 8.8/10, 8.7/10, 8.9/10 · 3,376 reviews · booking.com
Trip.com 9/10, 9.1/10, 9.2/10, 9.3/10 · 1,733 reviews · trip.com
Combined from 11 published figures on 2 platforms, weighted by review count, adjusted for where resident ratings usually fall and weighted toward the 6.5 midpoint where reviews are few: 8.1.

Booking.com has the largest published review base and sets the starting level: 8.9/10 converts to 7.8 under the requested guest-rating curve. Tripadvisor and Trip.com are materially more positive, so the score moves upward, while the recurring minor practical complaints keep it below the strongest published guest results. Structure is scored cautiously from favorable room-condition comments plus one isolated odour/ventilation report; no building-wide structural defect was published.

+ Clean modern rooms+ Comfortable beds+ Good soundproofing+ Good water pressure
− One reported unpleasant room smell
+ Friendly helpful staff+ Cleanliness+ Spacious apartments+ Pool and city views+ Convenient shuttle
− Walk to BTS/MRT− Mixed breakfast feedback− Pool may be cool or shaded− Busy road access

Published guest feedback is generally favorable about the physical accommodation: reviewers called rooms “very clean and modern,” “spacious,” and “well sound proofed,” and one specifically praised the water pressure. A separate Trip.com review reported that “the air conditioning or ventilation system has a moldy smell”; this is a single report, not evidence of a confirmed building-wide systems defect.

Daily-life feedback is strongly positive: guests described staff as “really friendly and trying to help,” praised “spacious, clean” accommodation, and highlighted the pool, views and amenities. The recurring trade-offs are practical rather than severe—breakfast opinions are mixed, the pool may be cool or shaded, and the rail stations require a walk, partly offset by the complimentary shuttle.

Ideo Chula-SamyanBang Rak, Bangkok774 units
8.9/ 10
—/ 10
8.6/ 10

The 4.5/5 building rating based on 114 reviews sets the level and converts to 8.5/10 under the specified curve. The written feedback is strongly positive about location and amenities, with only one minor operational complaint, so the final overall and living scores are 8.6; no structural score is assigned because the published material reviewed did not provide resident evidence on physical systems.

+ Convenient MRT access+ 24-hour common areas+ Co-working space and gym+ Rooftop swimming pool+ Nearby shops and services
− Promised MRT shuttle/taxi not provided

no notes returned

no links returned

Reviews repeatedly praise the building’s location and facilities: one describes “24 hrs ccv, fitness, salt swimming pool,” while another highlights 24-hour co-working space, gym, game room and rooftop pool. The principal operational criticism found was that a promised free MRT shuttle/taxi had not appeared “almost 2 years” later; this was a single report and is not evidence of a recurring failure.

Somerset PattayaPattaya324 units
8.8/ 10
—/ 10
7.8/ 10
Booking.com 9.2/10, 9.4/10, 9.5/10, 9.1/10, 8.5/10, 9.5/10 · 78 reviews · booking.com
Combined from 6 published figures on 1 platform, weighted by review count, adjusted for where resident ratings usually fall and weighted toward the 6.5 midpoint where reviews are few: 7.8.

Google’s building-level 4.5/5 from 801 reviews is the largest review base and converts to 8.5/10 under the requested curve. The large Expedia and smaller Booking.com aggregates are directionally consistent, while the written feedback adds repeated praise but no qualifying recurring severe or moderate failure; structure remains unscored because the sources provide no building-engineering rating.

+ Spacious rooms+ Modern rooms+ In-room washing machine and kitchen facilities
− Intermittent hot-water pressure− Cold rooftop pool− One report of blocked toilet and shower drainage− Warm, unairconditioned elevator
+ Friendly staff+ Helpful service+ Central location+ Clean rooms+ Rooftop pool and children’s water park
− Breakfast variety concerns− Occasional exterior smoking− Noise/traffic exposure around the central location− Price concerns

Published guest feedback is mostly positive about the rooms, but it is not an engineering assessment. Specific infrastructure complaints include “hot water shower was not continuous working after 10 mins,” a blocked toilet and shower-side drain, and an elevator that was “a bit” hot because it had no air-conditioning; these are isolated reports rather than recurring structural failures.

The daily experience described by guests is strongly positive: staff were “very friendly,” the property was “spacious, modern, and clean,” and the location opposite Central Pattaya was repeatedly praised. The main operational grumbles were that breakfast was “underwhelming” or had limited variety, while isolated reviews mentioned smoking outside and a security concern at the entrance.

Ideo Sukhumvit-Rama 4Phra Khanong, Bangkok642 units
8.2/ 10
6.7/ 10
Daryl Lum property review 4/5 · no review count · daryllum.com
Daryl Lum property review publishes 4/5 with no review count. Adjusted for where resident ratings usually fall, and weighted toward the 6.5 midpoint (more strongly the fewer the reviews), that gives 6.7.
7.5/ 10

FazWaz’s building-level aggregate of 5/5 from 2 reviews is the largest published review base found, so it is the anchor; its raw curve conversion is 10, but the fewer-than-10-review rule keeps the result within one point of 6.5. The two reviews are uniformly positive, while independent editorial material adds no repeated building-specific failure evidence, so the result is 7.5 overall with structure held at the separately published 4/5 quality assessment.

+ Well-maintained interiors and common areas+ Clean common areas+ Modern design+ Modern, comfortable units
+ Complete facilities+ Tidy and stylish common areas+ Quiet units+ Convenient BTS access+ Peaceful urban setting
− Peak-hour traffic congestion− Potential road noise− Small studio units may feel cramped

The resident-facing review material is positive on physical upkeep: one reviewer wrote that the condo was “very well maintained” and that its “common areas are tidy and stylish.” A separate property review gave the building’s “Quality” 4/5, but no published resident evidence located here reported leaks, plumbing, HVAC, electrical, lift, or other serious systems failures.

The two published resident reviews describe a calm, amenity-rich daily experience: the project was praised as a “quieter part of the city,” with “gym and pool to co-working spaces,” and one reviewer called the facilities complete. A separate 2024/2025-style project review flags the trade-offs as peak-hour traffic, possible noise from the busy road, and smaller studios that may feel cramped; these are editorial observations rather than repeated resident complaints.

Culture ThonglorWatthana, Bangkok493 units
7.5/ 10
—/ 10
7.5/ 10

Nestopa is the only located aggregate review rating for the project page, published as 4.5/5 from 1 review, which converts to 8.5 before the low-review-base constraint. Because the anchor has fewer than 10 reviews, the result is kept within one point of 6.5; the one written review is positive overall but includes noise, dining-choice and air-quality reservations, without a recurring complaint pattern.

+ convenient public transport+ safe-feeling streets at night+ nearby parks and restaurants+ vibrant lifestyle
− occasional nighttime noise− limited dining variety− periodic air pollution

no notes returned

no links returned

The single owner review describes living as convenient and vibrant, saying residents are close to public transport, parks and restaurants and that it feels safe walking at night. It also reports “occasional noise after dark,” sometimes limited food choices and “big city haze”; these are one-review observations, not recurring building-level complaints.

Ideo Rama 9-AsokeHuai Khwang, Bangkok1,222 units
7.2/ 10
5.5/ 10
6.0/ 10

Google’s building-level 4.3/5 from 207 reviews is the anchor and converts to 7.0 under the requested curve. The score is reduced because multiple late-2025 reviews report earthquake-related damage or safety concerns and delayed claim/repair communication, partly offset by repeated praise for the location, common areas, pool, gym and views. The earthquake evidence is reviewer testimony rather than an independent engineering assessment, so the current physical condition remains uncertain.

+ Modern high-rise building+ Large rooftop/common facilities+ 30-metre lap pool+ High-rise city views
− Reported earthquake-related damage− Reported cracks/misalignment near lift area− Delayed earthquake repair/insurance process− Poor window sound insulation− Ongoing renovation noise
+ MRT-accessible location+ Convenient access to Central Rama 9 and Jodd Fairs+ Well-regarded common areas+ Large pool and gym+ City views
− Delayed claim communication− Unprofessional agent/support complaints− Elevator-access safety complaint− Construction noise− Deposit disputes reported by reviewers

Several late-2025 reviews describe serious post-March-2025 earthquake concerns: one resident said the building was “no longer a safe place to live,” another reported “large cracks” and visible misalignment near the lift area, and another cited prolonged insurance-claim delays. A separate review says the windows are poor and highway noise is constant; these are resident reports, not an independent engineering finding, and the current physical status cannot be confirmed from the material read.

Positive reviews emphasize convenience—“Super close to Central Rama9 mall, MRT Rama9 station” and “the common area is WOW WOW WOW”—as well as the pool, gym and views. Negative reviews report unclear or delayed earthquake-claim communication, poor agent support and an elevator-access complaint framed as a fire-safety concern; some deposit disputes are explicitly described as landlord or agent issues rather than building-management findings.

Culture ChulaBang Rak, Bangkok612 units
7.0/ 10
6.7/ 10
Daryl Lum review 4/5 · no review count · daryllum.com
Daryl Lum review publishes 4/5 with no review count. Adjusted for where resident ratings usually fall, and weighted toward the 6.5 midpoint (more strongly the fewer the reviews), that gives 6.7.
6.9/ 10
Daryl Lum review 4.5/5, 4/5 · no review count · daryllum.com
Combined from 2 published figures on 1 platform, weighted by review count, adjusted for where resident ratings usually fall and weighted toward the 6.5 midpoint where reviews are few: 6.9.

The available published review evidence consists of one detailed editorial review with 4/5 quality, 4.5/5 location and 4/5 pricing ratings; no platform aggregate of ten or more reviews was found. Using the largest available rating base and the 4/5 anchor converts to 7/10, which remains within one point of the required 6.5 low-evidence centre; no recurring complaint or praise adjustment is applied because the themes were not raised by multiple separate reviewers.

+ Decent-quality fittings+ No renovation needed+ Generally high-quality development
− Colour scheme disliked by reviewer
+ Highly convenient central location+ Close to MRT and BTS+ Walkable to Lumpini Park and Samyan Mitrtown+ Decent facilities+ Convenient urban access
− Traffic congestion around the district− Located at edge rather than heart of Sathorn financial district

The only detailed building-quality review read rated quality 4/5 and said, “Ananda rarely disappoints,” adding that buyers receive “decent quality fittings” and need no renovation. It did not report leaks, flooding, lift failures, plumbing problems, HVAC failures, electrical failures or other serious physical defects; the only physical-design criticism was that the reviewer did not like the colour scheme.

The review describes the location as a “clear winner,” approximately 350 metres from MRT Samyan and within walking distance of Lumpini Park and Samyan Mitrtown. It rated location 4.5/5 and pricing 4/5, but cautioned that the project is at the edge of the Sathorn financial district and may not capture tenants working at its far end; no resident-management or staff complaints were found in the material read.

Only buildings that have reached handover are rated. 0 of 9 projects carry no rating: a building still under construction is never asked about, one that has just been handed over may not have been reached yet, and the rest were asked about and no published resident commentary was found. Structure is fixed at handover and stays the developer's; management and living belongs to whoever runs the building now. The overall verdict weights both rather than averaging them. None of this is checked: a rating is what people published about a building, aggregated — it is not evidence, it cannot move a delay figure, and it is not part of the delivery record above.

About

Company dossier

Legal name
Ananda Development Public Company Limited
Headquarters
No. 99/1 Moo 14 Soi Windmill Village, Bangna-Trad Road (K.M.10.5), Bangplee, Thailand
Bangplee District · 10540
Founded
29 July 1999
TH
Entity type
PUBLIC LISTED
Revenue
THB 6554837177 THOUSAND BAHT
2025
Business model
other

Offices

head office and 1 other
Bangkok

Sources: office cities

COMPANYdate not shown in source

General Information | Ananda Development (Anan)

Ananda Development
Branch Office No. 2525 FYI Center Building, 11th Floor, Rama IV Road, Klongtoei, Klongtoei District, Bangkok 10110
value seen: Bangkok
https://investor.ananda.co.th/en/anan-info/about-anan/general-information

Partners

7 partners
Mitsui Fudosan Co., Ltd.
joint venture

Ananda has operated with Mitsui Fudosan as a major business partner since 2013, including apartment projects.

The Ascott Limited
operator

Ascott is the global partner for apartment projects in prime locations and provides serviced-apartment operations.

Pramerica Financial
joint venture

Ananda Development One and Ananda Development Two were joint ventures with Pramerica Financial for landed housing and condominiums.

Dusit Thani
operator

Dusit Thani collaborated with Ananda on the Coco Parc branded residence, providing five-star full-service hospitality.

Team Construction Management Company Limited
contractor

Team Construction Management was identified as the construction consultant for Ideo Mobi Rangnam.

Westcon Company Limited
contractor

Westcon was identified as the construction contractor for Ideo Mobi Rangnam.

Knightbridge
partner

Ananda appointed Knightbridge as the primary sales agent for Culture Chula.

Sources: partners

COMPANYdate not shown in source

Nature of Business | Ananda Development (Anan)

Ananda Development
major business partner, Mitsui Fudosan Co., Ltd.
value seen: Mitsui Fudosan Co., Ltd.
value paraphrased from this source
https://investor.ananda.co.th/en/anan-info/about-anan/nature-of-business

Sources: partners

COMPANYdate not shown in source

Nature of Business | Ananda Development (Anan)

Ananda Development
apartment projects in collaboration with its strategic partner, Mitsui Fudosan, and a leading global partner, The Ascott Limited
value seen: The Ascott Limited
value paraphrased from this source
https://investor.ananda.co.th/en/anan-info/about-anan/nature-of-business

Sources: partners

FILINGdate not shown in source

Q4/2025

Ananda Development · carried by anan.listedcompany.com
Started Ananda Development One, a joint venture company with Pramerica Financial
value seen: Pramerica Financial
value paraphrased from this source
https://anan.listedcompany.com/misc/one-report/anan-or2025-en.pdf

Sources: partners

COMPANYdate not shown in source

Ananda carries out a construction quality inspection for Ideo Mobi Rangnam

Ananda Development
Ananda Partners with Dusit Thani for the GRAND OPENING of COCO PARC BRANDED RESIDENCE
value seen: Dusit Thani
value paraphrased from this source
https://www.ananda.co.th/en/news/ananda-carries-out-a-construction-quality-inspection-for-ideo-mobi-rangnam

Sources: partners

COMPANYdate not shown in source

Ananda carries out a construction quality inspection for Ideo Mobi Rangnam

Ananda Development
Team Construction Management Company Limited (construction consultant)
value seen: Team Construction Management Company Limited
value paraphrased from this source
https://www.ananda.co.th/en/news/ananda-carries-out-a-construction-quality-inspection-for-ideo-mobi-rangnam

Sources: partners

COMPANYdate not shown in source

Ananda carries out a construction quality inspection for Ideo Mobi Rangnam

Ananda Development
Westcon Company Limited (construction contractor)
value seen: Westcon Company Limited
value paraphrased from this source
https://www.ananda.co.th/en/news/ananda-carries-out-a-construction-quality-inspection-for-ideo-mobi-rangnam

Sources: partners

COMPANYdate not shown in source

Ananda carries out a construction quality inspection for Ideo Mobi Rangnam

Ananda Development
appointed Knightbridge as the primary sales agent for the Culture Chula project
value seen: Knightbridge
value paraphrased from this source
https://www.ananda.co.th/en/news/ananda-carries-out-a-construction-quality-inspection-for-ideo-mobi-rangnam

Registrations & licences

COMPANY NUMBER0107554000119
Securities and Exchange Commission, Thailand · TH · active
Jurisdiction-agnostic: a DLD number, a Companies House number and a state RERA registration all land in the same table.

Contact

Markets

1 countries
Thailandactive 9 projects tracked

What they build

3 types
Residential, for sale7 of 9
Hotel2 of 9
Hotel residences1 of 9
A project counts once under each type it carries, so the shares add to more than the project count.

Management

Principals & executives

6 names found
DN
Dr. Narongchai Akrasanee
Dr. Akrasanee chairs Ananda’s board and its nomination/remuneration and governance committees. He is an economist with senior Thai public-policy and corporate-governance experience, including ministerial and listed-company board roles.
Current title
Independent Director / Chairman of the Board of Directors; Chairman of the Good Corporate Governance and Sustainable Development Committee; Chairman of the Nomination and Remuneration Committee
since 1 September 2015
Experience
no career length stated
Companies before
none sourced
Education
Johns Hopkins University, U.S.A.Doctor of Economics; Master of Economics
University of Western Australia, AustraliaBachelor of Economics
Other boards
MFC Asset Management Public Company Limited — Chairman of the Board and Independent DirectorThai-German Product Public Company Limited — Chairman of the BoardBrooker Group Public Company Limited — Chairman of the Board and Independent Director
Known for
ChairmanEconomistJohns Hopkins PhDListed-company boards

Sources: education

COMPANYdate not shown in source

Board of Directors

Ananda Development
Bachelor of Economics, University of Western Australia, Australia
value seen: Bachelor of Economics, University of Western Australia, Australia
https://investor.ananda.co.th/zh/management/board-of-directors/100/dr-narongchai-akrasanee
COMPANYdate not shown in source

Board of Directors

Ananda Development
Doctor of Economics, Johns Hopkins University, U.S.A. - Master of Economics, Johns Hopkins University, U.S.A.
value seen: Doctor of Economics; Master of Economics, Johns Hopkins University, U.S.A.
held out of the figures · the quote does not carry this value
https://investor.ananda.co.th/zh/management/board-of-directors/100/dr-narongchai-akrasanee

Sources: full name

COMPANYdate not shown in source

Board of Directors

Ananda Development
Dr. Narongchai Akrasanee Independent Director / Chairman of the Board of Directors
value seen: Dr. Narongchai Akrasanee
https://investor.ananda.co.th/en/management/board-of-directors

Sources: other boards

FILINGdate not shown in source

Biographical data of nominated directors

MFC Asset Management · carried by did-admin.mfcfund.com
Oct 2015 – Present Chairman of the Board of Directors and Independent Director, Brooker Group PLC.
value seen: Brooker Group Public Company Limited — Chairman of the Board and Independent Director
held out of the figures · the quote does not carry this value
https://did-admin.mfcfund.com/Uploads/Website/Legal/IR/InvitationLetter/214c6c3a54e8.pdf
FILINGdate not shown in source

Biographical data of nominated directors

MFC Asset Management · carried by did-admin.mfcfund.com
9 Mar 2016 – Present Chairman of the Board of Directors, Thai-German Product PLC.
value seen: Thai-German Product Public Company Limited — Chairman of the Board
held out of the figures · the quote does not carry this value
https://did-admin.mfcfund.com/Uploads/Website/Legal/IR/InvitationLetter/214c6c3a54e8.pdf
FILINGdate not shown in source

Biographical data of nominated directors

MFC Asset Management · carried by did-admin.mfcfund.com
Oct 2015 – Present Chairman of the Board of Directors and Independent Director, MFC Asset Management PLC.
value seen: MFC Asset Management Public Company Limited — Chairman of the Board and Independent Director
held out of the figures · the quote does not carry this value
https://did-admin.mfcfund.com/Uploads/Website/Legal/IR/InvitationLetter/214c6c3a54e8.pdf

Sources: role type

COMPANYdate not shown in source

Board of Directors

Ananda Development
Dr. Narongchai Akrasanee - Independent Director / Chairman of the Board of Directors
value seen: Chairman of the Board of Directors
no listed category matches this wording, so it is shown as the source wrote it
held out of the figures · no listed category matches this wording
value paraphrased from this source
https://investor.ananda.co.th/en/management/board-of-directors/100/dr-narongchai-akrasanee

Sources: since

COMPANYdate not shown in source

Board of Directors

Ananda Development
Appointment Date - 1 September 2015
value seen: 1 September 2015
https://investor.ananda.co.th/en/management/board-of-directors/100/dr-narongchai-akrasanee

Sources: summary

FILINGdate not shown in source

Biographical data of nominated directors

MFC Asset Management · carried by did-admin.mfcfund.com
1996 - 2000 Senator, the Senate of Thailand; 1996 - 1997 Minister of Commerce; 1992 - 1996 Member of the Securities and Exchange Commission
value seen: economist with senior Thai public-policy and corporate-governance experience
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://did-admin.mfcfund.com/Uploads/Website/Legal/IR/InvitationLetter/214c6c3a54e8.pdf

Sources: title

COMPANYdate not shown in source

Board of Directors

Ananda Development
Dr. Narongchai Akrasanee - Independent Director / Chairman of the Board of Directors - Chairman of the Good Corporate Governance and Sustainable Development Committee - Chairman of the Nomination and Remuneration Committee
value seen: Independent Director / Chairman of the Board of Directors; Chairman of the Good Corporate Governance and Sustainable Development Committee; Chairman of the Nomination and Remuneration Committee
https://investor.ananda.co.th/en/management/board-of-directors/100/dr-narongchai-akrasanee
MC
Mr. Chanond Ruangkritya
Mr. Ruangkritya is Ananda’s CEO and executive-chair of its executive committee, with responsibility for the group’s overall direction. He founded Ananda Development in 1999 after returning to Thailand to help his family’s real-estate business through the Asian financial crisis, and has pursued transit-oriented and ultra-luxury development strategies.
Current title
Director; Member of the Nomination and Remuneration Committee; Chairman of the Executive Committee; Chief Executive Officer; Member of the Good Corporate Governance and Sustainable Development Committee
since 12 May 2011
Experience
no career length stated
Companies before
none sourced
Education
London School of Economics, U.K.Master of International Accounting and Finance
University of California at Berkeley, U.S.A.Bachelor of Economics
Other boards
PDTB Director Co., Ltd. — DirectorAnvinest Development Partners Co., Ltd. — DirectorXLab Digital Co., Ltd. — DirectorUrbantech Ventures Co., Ltd. — Director
Known for
FounderCEOTransit-oriented housingLondon School of EconomicsUC Berkeley
https://linkedin.com/in/chanond-ruangkritya-1a2665124
We are proud to bring this vision to life in Bangkok. Together, we are setting a new standard for luxury living in Asia. Porsche Lifestyle Pressroom 15 August 2025https://press.porsche-design.com/en/asias-first-architectural-icon-of-precision-design-and-exclusive-passion-spaces
We think this is the right time to introduce a product like Mira Valley, as investment demand for second homes in Phuket significantly picks up. Singapore Property News 17 April 2025https://www.edgeprop.sg/property-news/thai-developer-ananda-development-launches-its-maiden-master-plan-project-phuket

Sources: education

COMPANYdate not shown in source

Executives

Ananda Development
Bachelor Degree of Economics from University of California at Berkeley, U.S.A.
value seen: Bachelor of Economics, University of California at Berkeley, U.S.A.
held out of the figures · the quote does not carry this value
https://investor.ananda.co.th/en/management/executives/105/mr-chanond-ruangkritya
COMPANYdate not shown in source

Executives

Ananda Development
Master Degree of International Accounting and Finance from London School of Economics, U.K.
value seen: Master of International Accounting and Finance, London School of Economics, U.K.
held out of the figures · the quote does not carry this value
https://investor.ananda.co.th/en/management/executives/105/mr-chanond-ruangkritya

Sources: full name

COMPANYdate not shown in source

Executives

Ananda Development
Mr. Chanond Ruangkritya Chief Executive Officer
value seen: Mr. Chanond Ruangkritya
https://investor.ananda.co.th/en/management/executives

Sources: linkedin page

SOCIAL2026-09-25

Chanond Ruangkritya

LinkedIn
President and CEO at Ananda Development Public Company Limited.
value seen: https://linkedin.com/in/chanond-ruangkritya-1a2665124
https://linkedin.com/in/chanond-ruangkritya-1a2665124

Sources: other boards

COMPANYdate not shown in source

Executives

Ananda Development
2021 - Present Director Urbantech Ventures Co., Ltd. Other Investment Business
value seen: Urbantech Ventures Co., Ltd. — Director
held out of the figures · the quote does not carry this value
https://investor.ananda.co.th/en/management/executives/105/mr-chanond-ruangkritya
COMPANYdate not shown in source

Executives

Ananda Development
2022 - Present Director XLab Digital Co., Ltd. Information Technology Business
value seen: XLab Digital Co., Ltd. — Director
held out of the figures · the quote does not carry this value
https://investor.ananda.co.th/en/management/executives/105/mr-chanond-ruangkritya
COMPANYdate not shown in source

Executives

Ananda Development
2023 - Present Director Anvinest Development Partners Co., Ltd. ANVC Co., Ltd.
value seen: Anvinest Development Partners Co., Ltd. — Director
held out of the figures · the quote does not carry this value
https://investor.ananda.co.th/en/management/executives/105/mr-chanond-ruangkritya
COMPANYdate not shown in source

Executives

Ananda Development
2024 - Present Director PDTB Director Co., Ltd. Property Business
value seen: PDTB Director Co., Ltd. — Director
held out of the figures · the quote does not carry this value
https://investor.ananda.co.th/en/management/executives/105/mr-chanond-ruangkritya

Sources: quote

PRESS2025-09-25

Asia’s First Architectural Icon of Precision Design and Exclusive Passion Spaces

Porsche Lifestyle Pressroom
We are proud to bring this vision to life in Bangkok. Together, we are setting a new standard for luxury living in Asia, reinforcing Bangkok’s position as a leading destination for global luxury real estate investment and creating a sophisticated living experience that celebrates the passions of our future residents.
value seen: We are proud to bring this vision to life in Bangkok. Together, we are setting a new standard for luxury living in Asia.
https://press.porsche-design.com/en/asias-first-architectural-icon-of-precision-design-and-exclusive-passion-spaces

Sources: quote

PRESS2025-04-17

Thai developer Ananda Development launches its maiden master plan project in Phuket

Singapore Property News · carried by edgeprop.sg
“We think this is the right time to introduce a product like Mira Valley, as investment demand for second homes in Phuket significantly picks up,” says Chanond.
value seen: We think this is the right time to introduce a product like Mira Valley, as investment demand for second homes in Phuket significantly picks up.
https://www.edgeprop.sg/property-news/thai-developer-ananda-development-launches-its-maiden-master-plan-project-phuket

Sources: role type

COMPANYdate not shown in source

Executives

Ananda Development
Mr. Chanond Ruangkritya Chief Executive Officer
value seen: Chief Executive Officer
no listed category matches this wording, so it is shown as the source wrote it
held out of the figures · no listed category matches this wording
value paraphrased from this source
https://investor.ananda.co.th/en/management/executives

Sources: since

COMPANYdate not shown in source

Executives

Ananda Development
2011 - Present Chairman of the Executive Committee / Member of the Nomination and Remuneration Committee / Member of the Good Corporate Governance Committee / Sustainable Development Committee / Chief Executive Officer Ananda Development PCL.
value seen: 12 May 2011
held out of the figures · the quote does not carry this value
https://investor.ananda.co.th/en/management/executives/105/mr-chanond-ruangkritya

Sources: summary

PRESSdate not shown in source

Bangkok's multi-millionaire under 40

BBC
Educated in the United States and London, Mr Chanond returned to Bangkok in 1998. He helped his family's property business recover from the Asian financial crisis before branching out on his own.
value seen: founded Ananda Development in 1999 after returning to Thailand to help his family’s real-estate business through the Asian financial crisis
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.bbc.co.uk/news/av/world-radio-and-tv-18704673

Sources: title

COMPANYdate not shown in source

Executives

Ananda Development
Mr. Chanond Ruangkritya - Director - Member of the Nomination and Remuneration Committee - Chairman of the Executive Committee - Chief Executive Officer - Member of the Good Corporate Governance and Sustainable Development Committee
value seen: Director; Member of the Nomination and Remuneration Committee; Chairman of the Executive Committee; Chief Executive Officer; Member of the Good Corporate Governance and Sustainable Development Committee
https://investor.ananda.co.th/en/management/executives/105/mr-chanond-ruangkritya
MT
Mr. Tanyalak Nunthanavorasiri
Mr. Nunthanavorasiri is an executive director responsible for integrated operational excellence and participates in Ananda’s executive and risk-management committees. His disclosed background includes finance and management education and earlier project/construction and cost-control work at Lumpini Development.
Current title
Director; Member of the Executive Committee; Executive Director—Integrated Operation Excellence; Member of the Risk Management Committee
since 12 May 2011
Experience
no career length stated
Companies before
Lumpini Development Public Company Limited
Education
Bangkok UniversityBachelor of Finance
Ramkhamhaeng UniversityMaster of Business Administration in Management
Other boards
UrbanTech Ventures Co., Ltd. — DirectorHelix Co., Ltd. — DirectorBaan Niravana Co., Ltd. — DirectorThe Work Community Management Co., Ltd. — Director
Known for
Executive directorOperationsRisk managementLumpini Development alumnusMBA

Sources: education

COMPANYdate not shown in source

Executives

Ananda Development
Bachelor of Finance Bangkok University
value seen: Bachelor of Finance, Bangkok University
https://investor.ananda.co.th/en/management/executives/106/mr-tanyalak-nunthanavorasiri
COMPANYdate not shown in source

Executives

Ananda Development
Master of Business Administration in Management Ramkamheang University
value seen: Master of Business Administration in Management, Ramkhamhaeng University
held out of the figures · the quote does not carry this value
https://investor.ananda.co.th/en/management/executives/106/mr-tanyalak-nunthanavorasiri

Sources: full name

COMPANYdate not shown in source

Executives

Ananda Development
Mr. Tanyalak Nunthanavorasiri Executive Committee Executive Director-Integrated Operation Excellence
value seen: Mr. Tanyalak Nunthanavorasiri
https://investor.ananda.co.th/en/management/executives

Sources: other boards

COMPANYdate not shown in source

Executives

Ananda Development
2023 - Present Director: UrbanTech Ventures Co., Ltd.
value seen: UrbanTech Ventures Co., Ltd. — Director
held out of the figures · the quote does not carry this value
https://investor.ananda.co.th/en/management/executives/106/mr-tanyalak-nunthanavorasiri
COMPANYdate not shown in source

Executives

Ananda Development
2001 - Present Director: The Work Community Management Co., Ltd. / Provide management service for condominiums and landed housings
value seen: The Work Community Management Co., Ltd. — Director
held out of the figures · the quote does not carry this value
https://investor.ananda.co.th/en/management/executives/106/mr-tanyalak-nunthanavorasiri
COMPANYdate not shown in source

Executives

Ananda Development
2010 - Present Director: Baan Niravana Co., Ltd. / real estate development: landed housing
value seen: Baan Niravana Co., Ltd. — Director
held out of the figures · the quote does not carry this value
https://investor.ananda.co.th/en/management/executives/106/mr-tanyalak-nunthanavorasiri
COMPANYdate not shown in source

Executives

Ananda Development
2018 - Present Director: Helix Co., Ltd. / Construction and Property Development
value seen: Helix Co., Ltd. — Director
held out of the figures · the quote does not carry this value
https://investor.ananda.co.th/en/management/executives/106/mr-tanyalak-nunthanavorasiri

Sources: previous companies

COMPANY2013-10-01

2013 Ananda company presentation

Ananda Development · carried by anan.listedcompany.com
Previously, Project Director and Construction and Cost Control Department Manager at Lumpini Development PCL
value seen: Lumpini Development PCL
https://anan.listedcompany.com/misc/presentation/20131001-anan-company-presentation-2q2013.pdf

Sources: role type

COMPANYdate not shown in source

Executives

Ananda Development
Member of Executive Committee Executive Director-Integrated Operation Excellence
value seen: Executive Director-Integrated Operation Excellence
no listed category matches this wording, so it is shown as the source wrote it
held out of the figures · no listed category matches this wording
value paraphrased from this source
https://investor.ananda.co.th/en/management/executives/106/mr-tanyalak-nunthanavorasiri

Sources: since

COMPANYdate not shown in source

Executives

Ananda Development
Appointment Date - 12 May 2011
value seen: 12 May 2011
https://investor.ananda.co.th/en/management/executives/106/mr-tanyalak-nunthanavorasiri

Sources: title

COMPANYdate not shown in source

Executives

Ananda Development
Member of the Executive Committee; Member of Executive Committee Executive Director-Integrated Operation Excellence; Member of the Risk Management Committee; Director
value seen: Director; Member of the Executive Committee; Executive Director—Integrated Operation Excellence; Member of the Risk Management Committee
held out of the figures · the quote does not carry this value
https://investor.ananda.co.th/en/management/executives/106/mr-tanyalak-nunthanavorasiri
MP
Mr. Prasert Taedullayasatit
Mr. Taedullayasatit leads Ananda’s property business and sits on its board and executive committee. He brings an accounting and finance/marketing education and a long real-estate operating record, with current directorships across Ananda-related development ventures.
Current title
Director; Member of the Executive Committee; Chief Executive Officer of Property Business
since 3 August 2020
Experience
no career length stated
Companies before
none sourced
Education
Thammasat UniversityBachelor Degree (Accountancy: 2nd Class Honor)
Chulalongkorn UniversityMaster Degree of Business Administration (Marketing & Finance)
Other boards
Thippirom Property Co., Ltd. — DirectorAnvinest Development Partners Co., Ltd. — DirectorBaan Niravana Co., Ltd. — DirectorDevika Hill Co., Ltd. — Director
Known for
CEO—Property BusinessReal-estate executiveThammasat UniversityChulalongkorn MBA

Sources: education

COMPANYdate not shown in source

Board of Directors

Ananda Development
Bachelor Degree (Accountancy: 2nd Class Honor) Thammasat University
value seen: Bachelor Degree (Accountancy: 2nd Class Honor), Thammasat University
https://investor.ananda.co.th/en/management/board-of-directors/108/mr-prasert-taedullayasatit
COMPANYdate not shown in source

Board of Directors

Ananda Development
Master Degree of Business Administration (Marketing & Finance) Chulalongkorn University
value seen: Master Degree of Business Administration (Marketing & Finance), Chulalongkorn University
https://investor.ananda.co.th/en/management/board-of-directors/108/mr-prasert-taedullayasatit

Sources: full name

COMPANYdate not shown in source

Board of Directors

Ananda Development
Mr. Prasert Taedullayasatit - Member of the Executive Director - Chief Executive Officer Property - Director
value seen: Mr. Prasert Taedullayasatit
https://investor.ananda.co.th/en/management/board-of-directors/108/mr-prasert-taedullayasatit

Sources: other boards

COMPANYdate not shown in source

Board of Directors

Ananda Development
2020 - Present Director : Baan Niravana Co., Ltd. / real estate development: Landed housing
value seen: Baan Niravana Co., Ltd. — Director
held out of the figures · the quote does not carry this value
https://investor.ananda.co.th/en/management/board-of-directors/108/mr-prasert-taedullayasatit
COMPANYdate not shown in source

Board of Directors

Ananda Development
2022 - Present Director : Anvinest Development Partners Co., Ltd / Agent for trading and lease condominium
value seen: Anvinest Development Partners Co., Ltd. — Director
held out of the figures · the quote does not carry this value
https://investor.ananda.co.th/en/management/board-of-directors/108/mr-prasert-taedullayasatit
COMPANYdate not shown in source

Board of Directors

Ananda Development
2006 - Present Director : Thippirom Property Co., Ltd. / Property Development
value seen: Thippirom Property Co., Ltd. — Director
held out of the figures · the quote does not carry this value
https://investor.ananda.co.th/en/management/board-of-directors/108/mr-prasert-taedullayasatit

Sources: role type

COMPANYdate not shown in source

Board of Directors

Ananda Development
Chief Executive Officer Property
value seen: Chief Executive Officer of Property Business
no listed category matches this wording, so it is shown as the source wrote it
held out of the figures · no listed category matches this wording
value paraphrased from this source
https://investor.ananda.co.th/en/management/board-of-directors/108/mr-prasert-taedullayasatit

Sources: since

COMPANYdate not shown in source

Board of Directors

Ananda Development
Appointment Date - 3 August 2020
value seen: 3 August 2020
https://investor.ananda.co.th/en/management/board-of-directors/108/mr-prasert-taedullayasatit

Sources: summary

COMPANYdate not shown in source

Board of Directors

Ananda Development
Director / Member of the Executive Committee / Chief Executive Officer of Property Business : Ananda Development PCL.
value seen: leads Ananda’s property business
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://investor.ananda.co.th/en/management/board-of-directors/108/mr-prasert-taedullayasatit

Sources: title

COMPANYdate not shown in source

Board of Directors

Ananda Development
Director / Member of the Executive Committee / Chief Executive Officer of Property Business : Ananda Development PCL.
value seen: Director; Member of the Executive Committee; Chief Executive Officer of Property Business
https://investor.ananda.co.th/en/management/board-of-directors/108/mr-prasert-taedullayasatit
MS
Mr. Sermsak Khwanpuang
Mr. Khwanpuang is Ananda’s CFO and corporate secretary and also serves on the board and executive committee. He has more than three decades of finance experience, including CFO roles at Major Cineplex, EGV Entertainment, Surapon Foods and Supalai, plus an investment role at Ananda.
Current title
Director; Member of the Executive Committee; Corporate Secretary; Chief Financial Officer
since 1 October 2025
Experience
31+ years ’ experience
Companies before
Major Cineplex Public Company LimitedEGV Entertainment Public Company LimitedSurapon Foods Public Company LimitedSupalai Public Company Limited
Education
Chiang Mai UniversityBachelor of Arts in Economics
National Institute of Development Administration (NIDA), ThailandMaster of Science in Development Economics
Other boards
none sourced
Known for
CFOFinance and accountingNIDA MScSupalai alumnus
https://linkedin.com/in/sermsak-khwanpuang-5b061097

Sources: education

SOCIAL2026-09-07

Sermsak Khwanpuang

LinkedIn
Bachelor of Arts (B.A.), Economics at Chiang Mai University
value seen: Bachelor of Arts in Economics, Chiang Mai University
held out of the figures · the quote does not carry this value
https://linkedin.com/in/sermsak-khwanpuang-5b061097
SOCIAL2026-09-07

Sermsak Khwanpuang

LinkedIn
Master of Science (MSc), Development Economics at NIDA Thailand
value seen: Master of Science in Development Economics, National Institute of Development Administration (NIDA), Thailand
held out of the figures · the quote does not carry this value
https://linkedin.com/in/sermsak-khwanpuang-5b061097

Sources: full name

COMPANYdate not shown in source

Executives

Ananda Development
Mr. Sermsak Khwanpuang Chief Financial Officer
value seen: Mr. Sermsak Khwanpuang
https://investor.ananda.co.th/en/management/executives

Sources: linkedin page

SOCIAL2026-09-07

Sermsak Khwanpuang

LinkedIn
Chief Investment Officer - Ananda Development Public Company Limited. (Current)
value seen: https://linkedin.com/in/sermsak-khwanpuang-5b061097
https://linkedin.com/in/sermsak-khwanpuang-5b061097

Sources: previous companies

SOCIAL2026-09-07

Sermsak Khwanpuang

LinkedIn
CFO Chief Portfolio Managament - Major Cineplex Plc Jan 2004 - Jan 2007
value seen: Major Cineplex Public Company Limited
held out of the figures · the quote does not carry this value
https://linkedin.com/in/sermsak-khwanpuang-5b061097
SOCIAL2026-09-07

Sermsak Khwanpuang

LinkedIn
CFO - EGV Entertainment Plc Jan 2002 - Jan 2004
value seen: EGV Entertainment Public Company Limited
held out of the figures · the quote does not carry this value
https://linkedin.com/in/sermsak-khwanpuang-5b061097
SOCIAL2026-09-07

Sermsak Khwanpuang

LinkedIn
Director and General Manager CFO - Surapon Foods PCL Jan 1997 - Jan 2002
value seen: Surapon Foods Public Company Limited
held out of the figures · the quote does not carry this value
https://linkedin.com/in/sermsak-khwanpuang-5b061097
SOCIAL2026-09-07

Sermsak Khwanpuang

LinkedIn
Assistant Managing Director CFO - Supalai Plc
value seen: Supalai Public Company Limited
held out of the figures · the quote does not carry this value
https://linkedin.com/in/sermsak-khwanpuang-5b061097

Sources: role type

COMPANYdate not shown in source

Executives

Ananda Development
Mr. Sermsak Khwanpuang Chief Financial Officer
value seen: Chief Financial Officer
no listed category matches this wording, so it is shown as the source wrote it
held out of the figures · no listed category matches this wording
value paraphrased from this source
https://investor.ananda.co.th/en/management/executives

Sources: since

PRESS2025-09-30

Ananda Development Public Company Limited Announces Chief Financial Officer Changes

MarketScreener
The Company has appointed Mr. Sermsak Khwanpuang as Chief Financial Officer (CFO), effective from 1 October 2025 onwards.
value seen: 1 October 2025
https://www.marketscreener.com/news/ananda-development-public-company-limited-announces-chief-financial-officer-changes-ce7d5bdddb8af324

Sources: title

FILING2026-05-06

Annual General Meeting minutes

Ananda Development
Mr. Sermsak Khwanpuang Director, Member of the Executive Committee, Corporate Secretary, and Chief Financial Officer
value seen: Director; Member of the Executive Committee; Corporate Secretary; Chief Financial Officer
held out of the figures · the quote does not carry this value
https://investor.ananda.co.th/storage/downloads/shareholder-meeting/agm2026/20260506-anan-agm2026-minutes-en.pdf
MP
Miss Patcharavalai Ruangkritya
Ms. Ruangkritya is an executive director and CEO of Mira Valley Phuket, Ananda’s Phuket subsidiary, and oversees the master-planned Mira Valley development. She has been involved in Ananda’s business-development and land-sourcing work and relocated to Phuket to study buyer needs before the project’s launch.
Current title
Director; Member of the Executive Committee; Chief Executive Officer of Mira Valley Phuket
since October 2024
Experience
no career length stated
Companies before
none sourced
Education
Boston University, U.S.A.Hospitality Administration/Management
Other boards
none sourced
Known for
CEO—Mira Valley PhuketExecutive directorBusiness developmentLand sourcingBoston University
https://linkedin.com/in/patcharavalai-ruangkritya-900131121
This helped us conceptualise how the facilities and amenities at Mira Valley could meet a gap in the residential market here. Singapore Property News 17 April 2025https://www.edgeprop.sg/property-news/thai-developer-ananda-development-launches-its-maiden-master-plan-project-phuket

Sources: education

SOCIAL2026-09-08

Patcharavalai Ruangkritya

LinkedIn
Hospitality Administration/Management at Boston University
value seen: Hospitality Administration/Management, Boston University
held out of the figures · the quote does not carry this value
https://linkedin.com/in/patcharavalai-ruangkritya-900131121

Sources: full name

COMPANYdate not shown in source

Board of Directors

Ananda Development
Miss Patcharavalai Ruangkritya Director
value seen: Miss Patcharavalai Ruangkritya
https://investor.ananda.co.th/en/management/board-of-directors

Sources: linkedin page

SOCIAL2026-09-08

Patcharavalai Ruangkritya

LinkedIn
Executive Director & Chief Executive Officer of Mira Valley Phuket (Current)
value seen: https://linkedin.com/in/patcharavalai-ruangkritya-900131121
https://linkedin.com/in/patcharavalai-ruangkritya-900131121

Sources: quote

PRESS2025-04-17

Thai developer Ananda Development launches its maiden master plan project in Phuket

Singapore Property News · carried by edgeprop.sg
“This helped us conceptualise how the facilities and amenities at Mira Valley could meet a gap in the residential market here,” says Patcharavalai.
value seen: This helped us conceptualise how the facilities and amenities at Mira Valley could meet a gap in the residential market here.
https://www.edgeprop.sg/property-news/thai-developer-ananda-development-launches-its-maiden-master-plan-project-phuket

Sources: role type

FILING2026-05-06

Annual General Meeting minutes

Ananda Development
Chief Executive Officer – Mira Valley Project – Phuket
value seen: Chief Executive Officer of Mira Valley Phuket
no listed category matches this wording, so it is shown as the source wrote it
held out of the figures · no listed category matches this wording
value paraphrased from this source
https://investor.ananda.co.th/storage/downloads/shareholder-meeting/agm2026/20260506-anan-agm2026-minutes-en.pdf

Sources: since

SOCIAL2026-09-08

Patcharavalai Ruangkritya

LinkedIn
Executive Director & Chief Executive Officer of Mira Valley Phuket (Current) Oct 2024 - Present
value seen: October 2024
https://linkedin.com/in/patcharavalai-ruangkritya-900131121

Sources: summary

PRESS2025-04-17

Thai developer Ananda Development launches its maiden master plan project in Phuket

Singapore Property News · carried by edgeprop.sg
Patcharavalai Ruangkritya, CEO of Mira Valley Phuket, a subsidiary of Ananda Development, is overseeing the project.
value seen: oversees the master-planned Mira Valley development
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.edgeprop.sg/property-news/thai-developer-ananda-development-launches-its-maiden-master-plan-project-phuket

Sources: title

FILING2026-05-06

Annual General Meeting minutes

Ananda Development
Ms. Patcharavalai Ruangkritya Director, Member of the Executive Committee, Chief Executive Officer – Mira Valley Project – Phuket
value seen: Director; Member of the Executive Committee; Chief Executive Officer of Mira Valley Phuket
held out of the figures · the quote does not carry this value
https://investor.ananda.co.th/storage/downloads/shareholder-meeting/agm2026/20260506-anan-agm2026-minutes-en.pdf

Projects

Assessment coverage

Completed projects: 2016-10-15 through 2026-10-15. Initial research is capped at 10 completed projects and a separate delivery-risk search capped at 7 findings. Risk findings are not project assessment counts. Absence is not proof of a complete portfolio or no failures. Month-level dates overlapping a boundary are excluded from figures.

1 undated completions and 0 boundary-uncertain completions are retained but excluded from figures.

Stalled, cancelled & overdue projects

0 evidenced cases
The capped delivery-risk search ran; no project-level exception cases are recorded here. Risk findings are listed under Risks and are separate from assessed projects. This does not establish that the developer has no delivery failures.

Completed projects

9 projects
ProjectLocationTypeUnitsFloorsAreaCostPayment planLaunchedConstruction startOriginal targetHandoverDelayConfidenceStatus
ANDA Ratchaphruek-ChaengwatthanaMueang Pathum Thani, Thailand
Mueang Pathum Thani
residential for sale29012——————Feb 2026—not scorablecompleted
Culture ChulaBangkok, Thailand
Bang Rak
residential for sale612132——10% / 90%1——Nov 2025Nov 20250.0 mo
(0.0 to 0.0)
sourcedcompleted
Culture ThonglorBangkok, Thailand
Watthana
residential for sale493136——20/801——Jul 2025 – Sep 2025Jan 2025 – Dec 2025−1.5 mo
(−8.0 to +5.0)
sourcedcompleted
Ideo Sukhumvit-Rama 4Bangkok, Thailand
Phra Khanong
residential for sale642132——10% / 90% (1BR); 20% / 80% (2BR and 2BR&3BR)12019Nov 2019Aug 2024Jun 2024−2.0 mo
(−2.0 to −2.0)
sourcedcompleted
Ideo Chula-SamyanBangkok, Thailand
Bang Rak
residential for sale774134——Reservation Deposit Immediately ฿100,000; 3rd Installment On handover 100%12019Nov 2019Apr 2023Jan 2023−3.0 mo
(−3.0 to −3.0)
sourcedcompleted
COCO ParcBangkok, Thailand
Khlong Toei
residential for sale, hotel residences444137——10/901——Sep 2022Dec 2022+3.0 mo
(+3.0 to +3.0)
sourcedcompleted
Somerset PattayaPattaya, Thailand
hotel32412424,580 m²——2019ช่วงครึ่งปีหลังของปี 2562Oct 2022Oct 20220.0 mo
(0.0 to 0.0)
sourcedcompleted
Ascott Embassy Sathorn BangkokBangkok, Thailand
Sathorn
hotel39313740,060 m²————Aug 2022Aug 20220.0 mo
(0.0 to 0.0)
sourcedcompleted
Ideo Rama 9-AsokeBangkok, Thailand
Huai Khwang
residential for sale1,222135——100% on handover12018June 2018Jan 2022 – Dec 2022Aug 2022+1.5 mo
(−4.0 to +7.0)
sourcedcompleted
Click any row for the sources behind it. Cost basis matters: an estimated cost, a construction loan and a sale price are different numbers. Each row states which one it is, so they are never averaged together.

Awards

Awards & recognition

6 found
COMPANY AWARD Winner 2025
THAILAND BEST HIGH-VALUE INVESTMENT & COMMERCIAL DEVELOPER
The developer reports receiving the THAILAND BEST HIGH-VALUE INVESTMENT & COMMERCIAL DEVELOPER award at the LivingInsider Thailand Developer Awards 2025.
PROJECT AWARD Winner 2025
Best Investment Awards - Condo (High Rise) · Culture Thonglor
The developer reports that Culture Thonglor received the Best Investment Awards - Condo (High Rise).
PROJECT AWARD Winner 2025
Best Location Awards - Condo · Culture Chula
The developer reports that Culture Chula received the Best Location Awards - Condo.
GOVERNMENT RECOGNITION Winner 14 August 2024
Outstanding Establishment Award under the Low Emission Zone (LEZ) Phase 2 initiative · Culture Chula
The developer reports that Culture Chula received the Outstanding Establishment Award under Bangkok’s Low Emission Zone Phase 2 initiative, presented by Bangkok Governor Chadchart Sittipunt.
COMPANY AWARD Winner 15 September 2017
Best Developer
An independent account of the 2017 Thailand Property Awards states that Ananda Development won Best Developer, its first win in that competition’s national top category.
PROJECT AWARD Winner 2017
Best Luxury Condo Development · Ashton Residence 41
Ananda Development’s Ashton Residence 41 was recognised as Best Luxury Condo Development (Bangkok).
PropertyGuru Thailand Property Awards · https://investor.ananda.co.th/en/anan-info/awards

Risks

Auditor & credit ratings

1 agency
AuditorEY OFFICE LIMITED
TRIS Rating Company LimitedBB+ negative outlook · 2 April 2025

Risk flags

6 found
REGULATORY 27 July 2023 judgment; status reported 13 August 2026
The Supreme Administrative Court judgment of 27 July 2023 revoked, with retroactive effect, the construction and modification permit for the Ashton Asoke condominium; as of Ananda’s 13 August 2026 disclosure, the project owner was still working with government agencies on a legally compliant solution and the financial impact remained undetermined. This is a project-subsidiary matter, not a finding that Ananda’s parent itself had a revoked licence.
LEGAL Judgment 28 March 2024; reported 5 April 2024
A Bangkok South Civil Court judgment reported on 5 April 2024 ordered Ananda MF Asia Asoke, the Ashton Asoke project owner, to return a combined 78 million baht to seven condominium buyers; Ananda said it respected the first-instance judgment but appealed, so the matter was not final at the report date.
PROJECT CANCELLED Reported 3 August 2023; underlying permit ruling 27 July 2023
Following the Ashton Asoke permit ruling, Ananda reported that 244 of 766 buyers had cancelled their purchase contracts and received refunds, while four chose relocation; the project itself was not reported as abandoned, and Ananda was pursuing alternative permitting and access solutions.
ALLEGATION Reported 13 August 2026; alleged conduct date not stated
Ananda’s 13 August 2026 securities disclosure said Thailand’s Department of Special Investigation was pursuing legal action against former Helix Co., Ltd. executives, a subsidiary of Ananda Development, for alleged violations of the Securities and Exchange Act; the matter was awaiting guidance from relevant authorities, and the allegation was against former subsidiary executives rather than established misconduct by Ananda’s parent.
FINANCIAL DISTRESS 2 April 2025
TRIS Rating’s 2 April 2025 assessment kept Ananda’s company and senior unsecured-debt ratings at BB+ with a negative outlook, citing high financial leverage, tight liquidity, heightened refinancing pressure and 9.5 billion baht of debt maturities over the following 12 months; this was a credit-risk assessment and not a reported default.
DELIVERY DELAY 27 July 2023; status disclosed 13 August 2026
Ashton Asoke—developed by Ananda MF Asia Asoke Co., a joint venture involving Ananda Development—remained in an unresolved permit-remediation process as of 13 August 2026 after the Supreme Administrative Court revoked the construction/modification permit on 27 July 2023; Ananda’s 2026 disclosure says the matter was still being resolved with government agencies and that the company could not yet determine the financial impact, while noting management’s expectation of a lawful solution rather than reporting demolition or project abandonment.

Record status

active
Coverageactive
Tracked sinceOctober 11, 2026
Last checkedOctober 12, 2026 this month
Profile last researchedOctober 12, 2026
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For informational purposes only. This information is not investment, financial or credit advice and should not be relied on for investment, lending or credit decisions. Records may be incomplete or outdated. Verify information independently and seek qualified advice before making a decision.