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<p><a href="http://www.singhaestate.co.th/index.php" target="_blank"><span style="text-decoration: underline; color: #0000ff;">Singha Estate</span></a>, a property developer under the umbrella of Singha Corporation, plans to invest over 100 billion baht ($3 billion) during 2015-2019.</p></article>

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<p><a href="http://www.singhaestate.co.th/index.php" target="_blank"><span style="text-decoration: underline; color: #0000ff;">Singha Estate</span></a>, a property developer under the umbrella of Singha Corporation, plans to invest over 100 billion baht ($3 billion) during 2015-2019.</p>
<p>The company, which is planning an aggressive expansion, is hoping to raise its revenue to 20 billion baht ($609 million) by 2019.</p>
<p>The realty firm will be investing in various types of property including condominiums, housing estates, offices, industrial estates, warehouses, hotels and shopping malls, said company’s chief executive officer (CEO) Naris Cheyklin.</p>
<p>Of this, about half of the property acquired will be sold and the other half will be for rent.</p>
<p>The realty firm, which has a strong capital base, supported by the Bhirombhakdee family will leverage the 200- people strong, Singha beer agent networks, spread nationwide. These agents, who have  land holdings at several places might want to add the value to their property by entering into a joint venture with the company.</p>
<p>Recently, the company has got loan approval from two commercial banks with a combined value of 10 billion baht for new construction projects and acquisition.</p>
<p>So far, it is negotiating two deals, which are still in the initial stages of discussion. One is to acquire a three-billion-baht hotel in the tourism city, and the other is to acquire an unlisted property development firm.</p>
<p>The company has an outlay to to invest at least four to five projects during the next year. The first project is Singha Complex, a mixed-use building, on Asok-Petchburi Road, which will requires a total investment of 10 billion baht. This building will include rental spaces for office, retail; a concert hall; and a hotel. The construction is expected to start in 2015 and complete in 2017.</p>
<p>The second project one is a three-billion-baht high-end condominium on Asok road next to Srinakharinwirot University. This 39-floor condominium will contain around 200-300 units and the price will not be less than 200,000 baht per square meter.</p>
<p>The third project is that of a a luxurious housing estate, worth around 3 billion baht, on 30 rais of land on Ekamai-Ramindra road. It will have only 20 units with a selling price of over 100 million baht, each.</p>
<p>The last two projects are to take over another housing project and a hotel which the company CEO declined to discuss in detail. “Our direction is to develop property in the mid-to-high segment; we will also focus on premium position in each segment,” he said.</p>
<p>In the long term, a part of the investment capital, will come from financial institutes. The company also plans to turn its property assets into real estate investment trusts (REIT) to mobilise funds in the future.</p>
<p>Although it booked the loss of 70 million baht for the first nine months of this year, Cheyklin believes that the realty firm will be profitable, next year.</p>
<p>It aims to gain the revenue of two billion baht in 2015 and grow more than 50% each year, in line with its targets to boost its annual revenue to 20 billion baht. The firm is aiming to account for 20% of total revenue of the Singha Corporation, in the next five years.</p>
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Thailand’s Singha Estate to invest $3b in 5 years

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Thailand’s Singha Estate to invest $3b in 5 years

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