The Petit Tycoon - Developer Reliability and Reputation

Moderate risk signals found: delays, complaints, or disputed situations. Warrants attention during due diligence.

The Petit Tycoon is a project by developer The Chardonnay (a joint venture of Boat Pattana and Finfinite Asset) at Surin Beach, Phuket. In January 2026, a steel beam fell from a crane at the construction site and pierced a neighboring house, leading local authorities to suspend construction for 30 days. No charges have been filed against the developer; the incident relates to site safety. Otherwise the project is actively marketed, with the developer publicly reporting construction progress and claiming over 1 billion THB in sales.

• Cherng Talay condo project halted, no charges filed over steel beam incident2026-01-20The Petit Tycoon construction site was halted by authorities for 30 days after a steel beam fell from a crane and damaged a neighboring house; no charges filed yet.
• Steel rod falls into home in Phuket, making it 3 construction-related incidents in Thailand in 3 days2026-01-18Confirms the same incident of a steel rod falling from the project's construction site into a residential home.

Sources: www.thephuketnews.com, mustsharenews.com, thechardonnay.co.th, phukethotnews.net, th.linkedin.com