Capstone Asset is a developer and investor dedicated to enriching communities through lifestyle-led investments in residential, commercial, and hospitality real estate. We focus primarily on ground-up development and selectively on value-add strategies in gateway cities across Thailand.
Founded by seasoned real estate professionals, our company mission is to build innovative developments that resonate with the modern consumer and cater to their ever-evolving lifestyles.
As a team, we take pride in our integrity, entrepreneurial spirit, and strong partnerships, and in our ability to deliver the highest standards in quality, functionality, and aesthetics in our work, leaving no stone unturned along the way.
Managing Partner
Managing Partner
Titiwat brings broad-based financial and global real estate knowledge as well as hands-on investment execution expertise to clients and investment partners. From his decade of real estate experience with Lehman Brothers and Minor International PCL as Group Director of Acquisitions and Partnership, Titiwat originated and executed over USD 1.8 billion in deals across a comprehensive range of real estate asset classes, of which over USD 1.0 billion are hospitality investments in Thailand (Phuket, Samui and Bangkok), Cambodia, Vietnam, Malaysia, Australia, New Zealand, Maldives, Dubai, Mozambique and South Africa. He is also a co-founding partner and director of Koon Estate, developers behind Kimpton Kitalay Samui, Quarter Collection and Cooper Siam, and Thanatawee Asset Management Company, a licensed AMC specializing in investment in secured commercial loans from financial institutions. Titiwat graduated from Stanford University with an M.S. in Management Science and Engineering. He is a Chartered Financial Analyst (CFA).
Partner - Investment & Asset Management
Partner - Investment & Asset Management
Daniel brings financial experience from his real estate private equity and corporate M&A background across a broad spectrum of real estate asset classes, specializing in hotels, branded residences, and serviced apartments. His previous roles at private equity firms LimeTree Capital Partners and ARCH Capital Management focused on deal origination, execution, and asset management of opportunistic and value-add investments in Southeast Asia and Japan. Prior, Daniel also worked at Minor International PCL in Bangkok covering global M&A and greenfield development opportunities, and at Li & Fung Group in Shanghai and Hong Kong. He is also a Director of Italade Technology Holdings, a joint venture partner in Mektec Manufacturing Corporation Thailand, a leader in the production of flexible printed circuit boards and assemblies for hard disks, automotive, and consumer electronics applications. Daniel graduated from Bentley University with a B.S. in Economics-Finance.
Partner - Sales & Marketing
Partner - Sales & Marketing
Nuengnuch brings sales and marketing, retail operations, and account management experience in real estate and consumer brands. Most recently, she was an account manager at Optimist, a leading brand communication agency with a track record of creating high performing real estate and consumer brands. Earlier in her career, she was a buyer of an international fashion street brand at Central Marketing Group, and also managed retail products for King Power Corporation and sales and marketing for its subsidiary Leicester Football Club. She currently also holds the position as Deputy Managing Director at The Tree Avenue Community Mall. Nuengnuch graduated from Chulalongkorn University with a B.A. in Communication Management of Communication Arts, and from Imperial College Business School with an M.Sc. in Management
Partner - Project Management
Partner - Project Management
Wanniwat brings real estate investment, project development, and construction management expertise as Managing Director and Shareholder of Ponglarp Group – a family-owned Thai conglomerate with over USD 230 million in annual revenue. Under Wanniwat’s leadership, Ponglarp Group had successfully grown to become a top 5 rice exporter in Thailand, and had built a diversified portfolio of businesses that comprises logistics, warehousing, hotels, apartments and retail malls. He also holds the position of Executive Director for the Thai Rice Exporter Association and is responsible for managing public relations on behalf of member companies. Wanniwat graduated from Sirindhorn International Institute of Technology, Thammasat University with a B.Eng. In Industrial Engineering.
Partner - Business Development
Partner - Business Development
Pakin brings experience in both asset management and direct investments in real estate and equity markets. During his business development role at Boutique Corporation, he managed over USD 130 million of investments across various real estate investment classes, and originated and executed the firm's M&A opportunities. He was previously responsible for identifying and appraising investment opportunities, and co-developing investment strategies in Asian equity markets as an Analyst at Greyhound Capital. Having high interests in IT, he is also a co-founding partner at Singapore-based media technology startup Look 2 Pte Ltd. Pakin graduated from Sirindhorn International Institute of Technology, Thammasat University with a B.Eng. in Civil Engineering.
Director - Project Management
Director - Project Management
Pallapat brings experience from his architectural background and his roles in construction management. As Project Manager, Pallapat is responsible for the overall coordination of design development and budgeting for projects at Capstone Asset. His previous role at Major Development primarily covered product development for luxury high-rise condominium projects. Pallapat has also worked in Construction Management at Minerva Management and Nara Consult, where he worked on both high-rise and low-rise residential developments in Bangkok and Pattaya. Pallapat earned his B.Arch.
from Thammasat University
Manager - Project Management
Manager - Project Management
Saravuth brings an extensive expertise from his architectural background and multiple roles in construction management to our team. Prior to joining Capstone Asset, Saravuth served as a Project Director at PLUS Professional, where he oversaw on-site construction activities and ensured seamless operations. Before this role, Saravuth held several positions in construction and engineering at Emc Public, Amornpimol, Professional Engineering Management, AAE & Integrate, From The Edge Limited, Ten Plus Expertise, Temco Tech, and Italthai Engineering. Some of his notable projects are BITEC Exhibition Hall, Italthai Tower, Renaissance Koh Samui Resort & Spa, and IDEO Phaholyothin. Saravuth specializes in Mechanical, Electrical, and Plumbing (MEP) systems. Saravuth holds a B.A. from Sripatum University, majoring in Construction Management and Industrial Management.
Manager - Project Management
Manager - Project Management
Surapong brings professional expertise in construction to our team, drawing from his hands-on experience in construction management. Previously, Surapong served as a Project Manager at P Engineering and Consultant, where he was in charge of the development of private residences and condominium. Prior to that, Surapong held positions at Sansiri and PLUS Professional, where he managed seven completed residential and office projects, collectively valued at over THB 4 billion. Surapong holds a B.A. in Industrial Technology, majoring in Construction Technology, from Rajabhat University Phranakhon.
Officer - Sales & Marketing
Officer - Sales & Marketing
Monthima brings a range of experience in the areas of marketing, public relations, and corporate social responsibility. At Capstone Asset, she is involved in the execution of marketing strategies and coordination of administrative duties. In her previous role at U City PCL, the property development arm of BTS Group, Monthima was engaged in PR and branding campaigns for various high-profile real estate projects within Thailand, including the conversion of a riverside historical landmark into a luxury hotel, a large mixed-use residential and commercial project, and an international school. She is also well-versed in the areas of corporate communications and CSR. Monthima earned her B.A. in Community Development from Burapha University.
Senior Associate - Investment & Asset Management
Senior Associate - Investment & Asset Management
Khanachai brings diverse experience in real estate research, development, and investment, leveraging his unique background in consulting, architecture, and capital markets. Most recently, he contributed his expertise at CBRE Thailand, where he served in various capacities across core departments, including Research and Consulting, Workplace Strategy, and Design Development teams. During his tenure, Khanachai conducted and managed over 30 real estate advisory projects, covering multiple asset classes. These projects ranged from branded residences in resort destinations to large-scale mixed-use developments in Central Bangkok. Prior to joining CBRE, Khanachai was an architect at Animali Domestici Studio, where he was responsible for architectural design, space planning, and project management. Khanachai holds a B.S. in Architecture from Chulalongkorn University and an M.S. in Real Estate Development from the Massachusetts Institute of Technology (MIT).
Managing Partner
Managing Partner
Titiwat brings broad-based financial and global real estate knowledge as well as hands-on investment execution expertise to clients and investment partners. From his decade of real estate experience with Lehman Brothers and Minor International PCL as Group Director of Acquisitions and Partnership, Titiwat originated and executed over USD 1.8 billion in deals across a comprehensive range of real estate asset classes, of which over USD 1.0 billion are hospitality investments in Thailand (Phuket, Samui and Bangkok), Cambodia, Vietnam, Malaysia, Australia, New Zealand, Maldives, Dubai, Mozambique and South Africa. He is also a co-founding partner and director of Koon Estate, developers behind Kimpton Kitalay Samui, Quarter Collection and Cooper Siam, and Thanatawee Asset Management Company, a licensed AMC specializing in investment in secured commercial loans from financial institutions. Titiwat graduated from Stanford University with an M.S. in Management Science and Engineering. He is a Chartered Financial Analyst (CFA).
Partner - Investment & Asset Management
Partner - Investment & Asset Management
Daniel brings financial experience from his real estate private equity and corporate M&A background across a broad spectrum of real estate asset classes, specializing in hotels, branded residences, and serviced apartments. His previous roles at private equity firms LimeTree Capital Partners and ARCH Capital Management focused on deal origination, execution, and asset management of opportunistic and value-add investments in Southeast Asia and Japan. Prior, Daniel also worked at Minor International PCL in Bangkok covering global M&A and greenfield development opportunities, and at Li & Fung Group in Shanghai and Hong Kong. He is also a Director of Italade Technology Holdings, a joint venture partner in Mektec Manufacturing Corporation Thailand, a leader in the production of flexible printed circuit boards and assemblies for hard disks, automotive, and consumer electronics applications. Daniel graduated from Bentley University with a B.S. in Economics-Finance.
Partner - Sales & Marketing
Partner - Sales & Marketing
Nuengnuch brings sales and marketing, retail operations, and account management experience in real estate and consumer brands. Most recently, she was an account manager at Optimist, a leading brand communication agency with a track record of creating high performing real estate and consumer brands. Earlier in her career, she was a buyer of an international fashion street brand at Central Marketing Group, and also managed retail products for King Power Corporation and sales and marketing for its subsidiary Leicester Football Club. She currently also holds the position as Deputy Managing Director at The Tree Avenue Community Mall. Nuengnuch graduated from Chulalongkorn University with a B.A. in Communication Management of Communication Arts, and from Imperial College Business School with an M.Sc. in Management
Partner - Project Management
Partner - Project Management
Wanniwat brings real estate investment, project development, and construction management expertise as Managing Director and Shareholder of Ponglarp Group – a family-owned Thai conglomerate with over USD 230 million in annual revenue. Under Wanniwat’s leadership, Ponglarp Group had successfully grown to become a top 5 rice exporter in Thailand, and had built a diversified portfolio of businesses that comprises logistics, warehousing, hotels, apartments and retail malls. He also holds the position of Executive Director for the Thai Rice Exporter Association and is responsible for managing public relations on behalf of member companies. Wanniwat graduated from Sirindhorn International Institute of Technology, Thammasat University with a B.Eng. In Industrial Engineering.
Partner - Business Development
Partner - Business Development
Pakin brings experience in both asset management and direct investments in real estate and equity markets. During his business development role at Boutique Corporation, he managed over USD 130 million of investments across various real estate investment classes, and originated and executed the firm's M&A opportunities. He was previously responsible for identifying and appraising investment opportunities, and co-developing investment strategies in Asian equity markets as an Analyst at Greyhound Capital. Having high interests in IT, he is also a co-founding partner at Singapore-based media technology startup Look 2 Pte Ltd. Pakin graduated from Sirindhorn International Institute of Technology, Thammasat University with a B.Eng. in Civil Engineering.
Director - Project Management
Director - Project Management
Pallapat brings experience from his architectural background and his roles in construction management. As Project Manager, Pallapat is responsible for the overall coordination of design development and budgeting for projects at Capstone Asset. His previous role at Major Development primarily covered product development for luxury high-rise condominium projects. Pallapat has also worked in Construction Management at Minerva Management and Nara Consult, where he worked on both high-rise and low-rise residential developments in Bangkok and Pattaya. Pallapat earned his B.Arch. from Thammasat University
Manager - Project Management
Manager - Project Management
Saravuth brings an extensive expertise from his architectural background and multiple roles in construction management to our team. Prior to joining Capstone Asset, Saravuth served as a Project Director at PLUS Professional, where he oversaw on-site construction activities and ensured seamless operations. Before this role, Saravuth held several positions in construction and engineering at Emc Public, Amornpimol, Professional Engineering Management, AAE & Integrate, From The Edge Limited, Ten Plus Expertise, Temco Tech, and Italthai Engineering. Some of his notable projects are BITEC Exhibition Hall, Italthai Tower, Renaissance Koh Samui Resort & Spa, and IDEO Phaholyothin. Saravuth specializes in Mechanical, Electrical, and Plumbing (MEP) systems. Saravuth holds a B.A. from Sripatum University, majoring in Construction Management and Industrial Management.
Manager - Project Management
Manager - Project Management
Surapong brings professional expertise in construction to our team, drawing from his hands-on experience in construction management. Previously, Surapong served as a Project Manager at P Engineering and Consultant, where he was in charge of the development of private residences and condominium. Prior to that, Surapong held positions at Sansiri and PLUS Professional, where he managed seven completed residential and office projects, collectively valued at over THB 4 billion. Surapong holds a B.A. in Industrial Technology, majoring in Construction Technology, from Rajabhat University Phranakhon.
Officer - Sales & Marketing
Officer - Sales & Marketing
Monthima brings a range of experience in the areas of marketing, public relations, and corporate social responsibility. At Capstone Asset, she is involved in the execution of marketing strategies and coordination of administrative duties. In her previous role at U City PCL, the property development arm of BTS Group, Monthima was engaged in PR and branding campaigns for various high-profile real estate projects within Thailand, including the conversion of a riverside historical landmark into a luxury hotel, a large mixed-use residential and commercial project, and an international school. She is also well-versed in the areas of corporate communications and CSR. Monthima earned her B.A. in Community Development from Burapha University.
Senior Associate - Investment & Asset Management
Senior Associate - Investment & Asset Management
Khanachai brings diverse experience in real estate research, development, and investment, leveraging his unique background in consulting, architecture, and capital markets. Most recently, he contributed his expertise at CBRE Thailand, where he served in various capacities across core departments, including Research and Consulting, Workplace Strategy, and Design Development teams. During his tenure, Khanachai conducted and managed over 30 real estate advisory projects, covering multiple asset classes. These projects ranged from branded residences in resort destinations to large-scale mixed-use developments in Central Bangkok. Prior to joining CBRE, Khanachai was an architect at Animali Domestici Studio, where he was responsible for architectural design, space planning, and project management. Khanachai holds a B.S. in Architecture from Chulalongkorn University and an M.S. in Real Estate Development from the Massachusetts Institute of Technology (MIT).
Our team comprises experienced professionals from diverse backgrounds within the real estate industry - spanning real estate investment, project development, project management, asset management, and sales and marketing functions. With our current roster, we have pending and completed projects with total project value in excess of USD 400 million
across the residential and hospitality segments, including:
Tonson One Residence
A freehold super-luxury condominium in the prime area of Ploenchit–Tonson with 80% sold in the first month of launch
Total Project Value – THB 2.9 billion (C. USD 96 million)
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
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)
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)
Vana Residence
A luxury urban home concept
located in Rama 9 – Srinakarin
Total Project Value – THB 1.8 billion (C. USD 60 million)
Tonson One Residence
A freehold super-luxury condominium in the prime area of Ploenchit–Tonson with 80% sold in the first month of launch
Total Project Value – THB 2.9 billion (C. USD 96 million)
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
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)
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)
Vana Residence
A luxury urban home concept
located in Rama 9 – Srinakarin
Total Project Value – THB 1.8 billion (C. USD 60 million)
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