In 2016, Yongyutt Chaipromprasith founded Bangkok Sky Estate with his partner, Capt. Puttipong Prasarttong-Osoth. With both founders’ aspiring ambition, Bangkok Sky is an integrated real estate firm. Not only does the company manage Prasarttong-Osoth family’s assets, but Bangkok Sky will also develop some of Thailand’s finest buildings, both residences and hotels.
Bangkok Sky’s first development will be launched in 2017. Situated on Ploenchit Road, this ultimate-luxury residence features state-of- the-art materials and cutting-edge features. With the project value of 9 billion Baht (USD 250 million), this building is set to become not only one of the best residential buildings in Bangkok, but also at the international stage.
With over two decades of experience, Yongyutt firmly believes that real estate represents more than just a place to live. It is also an opportunity for investment. Therefore, he puts all his efforts to develop and direct every property to reach his ultimate vision – ‘Life Harmonised Prosperously’.
His innovative approach has continuously transformed the real estate industry over the last two decades. Along with a dedicated team, his accomplishments can be seen in all types of developments, ranging from single houses, townhouses, condominiums to hotels. He has also successfully operated hotels and resorts. Up until today, Yongyutt has developed over 90 projects with a total value of over 70 billion Baht (USD 2 billion).
After progressing his career to become the CEO at Plus Property (subsidiary of Sansiri PCL) and a board member at Sansiri PCL, Yongyutt started his own venture in 2005, Aquarius Estate. The company had a dual focus: developing its own projects and also providing consultancy and integrated project management services. The company’s clients include the elite of Thai real estate such as Sansiri, Pruksa, Ananda, SC Asset, and Magnolia. In 2007, Yongyutt was contracted by Ananda Development to launch its first condominium brand, IdEO. He orchestrated the IdEO development strategy, starting from land acquisition, feasibility study, product development, to branding and sales management. As a result, IdEO rapidly became one of the most well-known brands in Thailand, transforming people’s perception towards Ananda as a developer. Today, Ananda is one of the top five developers in Thailand.
Later in 2013, Yongyutt was appointed to revive the embattled developer KMC. Leveraging the equity of Aquarius, the company worked with a leading English brand agency, Idea is Everything, and was rebranded AQ Estate. Within only 12 months, Yongyutt turned the company around and generated 378 % profit growth. In addition to reactivating the company by launching eight projects during his second year in office, he also brought AQ Estate back into the limelight with AQ Aria Asoke, which was sold out within 3 weeks.
2006 — Introduced Thailand’s first 35 sq.m. one bedroom at The Clover Thonglor. Using innovative space planning, he set the new industry standard by replacing the conventional 50 sq.m. with the 35 sq.m. for one-bedroom type.
2007 — Created an innovative ‘Semi-Outdoor Space’ layout for IdEO, which still remains a core concept for all IdEO product series.
2009 — Launched Aequa Residence Sukhumvit 49 It is the first development to boast Japanese Onsen in Thailand. Aequa Residence is not only the most sought after residence, but it also holds the highest rental price per sq.m. on Sukhumvit road and experiences a two-fold increase for resale from its original price.
2015 — Launched AQ ARIA the first condominium to feature 3.6 clear ceiling height in Bangkok. Because of its uniqueness, the units at AQ ARIA were swiftly sold out (volume 2.5 Billion Baht) during its pre-sale event.
*Yongyutt left AQ Estate in 2015 and has sold his interests in AQ Estate. He is no longer affiliated with the company.
Bangkok Sky Estate Company Limited is a real estate development company that offers differentiated and unconventional projects of the finest quality to the property market. Currently, Bangkok Sky manages two subsidiaries:
1. Adler Co., Ltd. offering sales and marketing management, including brokerage services, to other developers.
2. Sky Resorts Co., Ltd. offering hospitality management and sales and marketing management for hotels and resorts.
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