Building Long-Term Value Through Thoughtful Investment and Development
Capstone Asset is an investment and development company focused on creating sustainable growth and high-quality real estate projects in Thailand.

Our Company
Capstone Asset is a developer and investor dedicated to enriching communities
Capstone Asset is a Bangkok-based investment management and real estate development company. We identify opportunities, invest with discipline, and develop projects that create long-term value for our investors, partners, and communities.
Our expertise covers the entire project lifecycle—from opportunity sourcing and financial evaluation to development management and asset operations.
We specialize in real estate investment, development management, and asset optimization. By combining industry expertise with strategic insight, we deliver projects that are financially sound, thoughtfully designed, and built for lasting impact.

Our Philosophy
We believe that value is created not only through strong financial returns but through responsible development and long-term thinking.
Opportunistic Pillar Superior Returns
We seek undervalued land or leases — including off-market, sub-division or assembly opportunities — and are equipped to handle complex capital-stack structures and distressed situations for high-return potential.
Core-Plus / Value-Add Pillar Recurring Income
We acquire underperforming or dated hospitality, retail or commercial assets and apply targeted refurbishment and asset management strategies to transform them into stable, income-generating investments.
Advisory Pillar Service Stream
We offer full-spectrum real estate advisory services — including capital raising, due diligence, deal structuring, product development, asset management, and sales & marketing — tailored for institutional investors and family offices.
How we Invest
Our investment approach is rooted in rigorous analysis, disciplined strategy, and responsible management.

Opportunity Sourcing
We actively explore markets to identify potential development or investment opportunities.

Research & Due Diligence
Every project undergoes thorough feasibility studies, financial modeling, and market analysis.

Financial Evaluation
We assess risks, project returns, and capital structure to determine investment viability.

Development & Execution
Once approved, our team manages design, planning, construction, and coordination with partners.

Asset Management
We monitor asset performance, optimize operations, and ensure long-term stability.
Message from CEO
Board of Director

Wanniwat Kitireanglarp
Partner - Investment & Asset Management
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Nuengnuch Kuvijitsuwan
Partner - Investment & Asset Management
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Daniel Yu
Partner - Investment & Asset Management
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Our Team

Pakin Techavisesa
Partner - Investment & Asset Management
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Pallapat Koonlaboon
Partner - Investment & Asset Management
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Saravuth Champanand
Partner - Investment & Asset Management
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Surapong Klinmak
Partner - Investment & Asset Management
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Pajaree Simapatanapong
Partner - Investment & Asset Management
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Patsaranan Lertvutthichawakorn
Partner - Investment & Asset Management
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Monthima Sudjaidee
Partner - Investment & Asset Management
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Khanachai Kittisorayut
Partner - Investment & Asset Management
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How we Invest
A curated selection of our developments and investments that reflect our standards in quality, design, and execution.
2027
PEYLAA Phuket, Autograph Collection Residences
We actively explore markets to identify potential development or investment opportunities.
2023
Tonson One Residence
A freehold super-luxury condominium in the prime area of Ploenchit–Tonson with 80% sold in the first month of launch
2024
Canvas Ploenchit
A six-storey nixed-use complex on Ploenchit Road, is located across Central Embassy and within 300 meters of both BTS Ploenchit and BTS Chit Lom
2022
Kimpton Hotels & Restaurants
A luxury boutique hotel situated on iconic Choengmon beach with an assortment of spacious suites and beach pool villas, innovative bars and restaurants, and family-friendly facilites
2021
Cooper Siam
An upscale high-rise condominium in Bangkok near BTS National Stadium with 100% sold in the first day of launch
Total Project Value – THB 1.6 billion (C. USD 51 million)
2020
Vana Residence
A luxury urban home concept located in Rama 9 - Srinakarin Total Project Value - THB 1.8 billion (C. USD 60 million)
2017
Quarter Thonglor, Quarter
31 and Quarter 39 Three clusters of completed luxury houses and villas in Bangkok, located in Thonglor and mid-Sukhumvit, with prices ranging from THB 38-120 million Total Project Value - THB 2.1 billion (C. USD 68 million)
Building value through quality and strategy.
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