Real Estate Management & Development

Dagang Co announced on the evening of October 9 that Beijing Xiaomi Smart Manufacturing Equity Investment Fund Partnership and Shanghai Semiconductor Materials Fund Phase II formed a consortium to acquire a 16% stake in Suzhou Keyang Semiconductor Co for 200 million yuan. The two parties each plan to contribute 100 million yuan to take an 8% stake, and the transaction still requires shareholder review and approval from state-owned assets authorities. Looking back, on July 30, 2026, Dagang Co's board approved its wholly owned subsidiary Jiangsu Keli Semiconductor Co to publicly list its 16% stake in Suzhou Keyang for transfer, with a reserve price of 200 million yuan. After the transfer, Keli Semiconductor will still hold a 12.56% stake in Suzhou Keyang. Dagang Co said that based on the transaction price, it can recover about 200 million yuan, with an estimated impact on current profit or loss of about 40 million yuan. Suzhou Keyang is not yet profitable at this stage, with a net loss of about 16 million yuan in the first half of this year. Regarding market expectations that Xiaomi is increasing its push into semiconductor packaging, a person close to Xiaomi Group told Securities Times reporters on October 10 that Xiaomi Group is only one of the investors and managers of Beijing Xiaomi Smart Manufacturing Equity Investment Fund Partnership, and this move cannot be equated with Xiaomi Group, nor does it represent a new strategic move by Xiaomi Group.

Asset World Corp Public Company Limited, or AWC, has announced a partnership with seven leading Thai financial institutions, namely Siam Commercial Bank, Kasikornbank, Bangkok Bank, Krungthai Bank, Bank of Ayudhya, and TMBThanachart Bank, as well as Bank of America Securities, to prepare for the offering of trust units of AWR – AWC Lifestyle Property Real Estate Investment Trust, or AWR REIT. The trust aims to be Thailand's largest freehold real estate investment trust, with an initial investment value of not more than 51,388 million baht, drawn from five landmark assets in Bangkok, Samui, Krabi, and Pattaya: The Empire, Banyan Tree Koh Samui Hotel, Banyan Tree Krabi, Meliá Koh Samui, and Pattaya Marriott Resort and Spa. AWR REIT also holds a Right of First Refusal, or ROFR, covering nine high-potential assets that AWC has initially selected, along with opportunities to expand investment through another 48 projects in AWC's current portfolio. On governance structure, AWR REIT will have more than 60% independent directors, jointly appointed by the trustee, and will set management fees linked to growth in distribution per unit, or DPU Growth. Asset World Corp REIT Company Limited has already filed the trust unit offering registration statement and draft prospectus, or Filing, with the Securities and Exchange Commission on September 29, 2026.

SC Asset Corporation Public Company Limited, or SC, has announced a partnership with the Tourism Authority of Thailand, or TAT, and Chao Phraya Express Boat Company Limited under the concept Bangpho – Bangkok's Creative Riverside District, aiming to elevate the Bang Pho area along the Chao Phraya River into a new Riverside Creative & Tourism Destination for Bangkok. The initiative is driven by the concepts of Design, Art, Craft, Taste & Culture, building on Bang Pho's identity in woodwork, craftsmanship, community ways of life, and cultural diversity, reinterpreted through a contemporary lens. One of the key activities is the Made in Bangpho – Design Contest under the concept From Local Craftsmanship to a New Reference in Design, open to students, undergraduates, and design enthusiasts to submit sculptures or furniture inspired by Bang Pho's craftsmanship. Selected works will be developed into actual pieces and installed within the Reference BAIE River Bangpho project, with a total prize pool of over 250,000 baht. Submissions are open until November 30, 2026, and shortlisted results will be announced on December 7, 2026. Meanwhile, the Wonder Bangpho – A Creative Journey through Craft, Taste and Culture activity invites people to experience the Bang Pho area through four dimensions: Wonder Through Craft, Wonder in Creation, Wonder of Taste, and Wonder by the River. Ms. Panthara Nakchattri, Director of the Marketing Communications Administration Group at TAT, said that Bang Pho is an area rich in stories, ways of life, community wisdom, and a bond with the Chao Phraya River, making it an opportunity to create a new form of tourism experience and long-term economic opportunities for the community. Ms. Nattapree Pichaironnarongsongkram, Executive Director of Chao Phraya Express Boat Company Limited, said that this collaboration will help increase access to the Bang Pho area and extend riverside tourism routes. Meanwhile, Ms. Kanokorn Limkamnerd, Managing Director of the High-Rise Property Development Business Group and International Customers at SC, said that this development takes the area's existing assets and builds on them to create new value for the neighborhood in the long term, with the Reference BAIE River Bangpho project developed under the concept Bangpho, Reimagined.

Asset World Corp, or AWC, has launched the AWR trust, the AWC Lifestyle Property Real Estate Investment Trust, which is the largest freehold real estate investment trust in Thailand, with an initial investment value of 51.388 billion baht. Asset World Corp REIT Co., Ltd., an AWC subsidiary, is the sponsor. AWR's initial investment portfolio comprises five landmark assets in Bangkok, Samui, Krabi and Pattaya: The Empire, Banyan Tree Koh Samui Hotel, Banyan Tree Krabi, Meliá Koh Samui and Pattaya Marriott Resort and Spa. The trust also holds a right of first refusal, or ROFR, covering nine high-potential assets that AWC has initially selected, along with opportunities from a further 48 projects in AWC's current portfolio. Its corporate governance structure has more than 60% independent directors, jointly appointed by the trustee, and its management fee structure is linked to growth in distribution per unit, or DPU Growth. AWC partnered with seven leading financial institutions for the launch of the trust, and Asset World Corp REIT Co., Ltd. filed the trust unit offering registration statement and draft prospectus with the Securities and Exchange Commission on 29 September 2026.

WHA Corporation Public Company Limited, or WHA, said the IMF-World Bank 2026 meetings are a pivotal moment for Thailand to serve as a bridge connecting investment funds from global financial markets into tangible investment in the real economy, both in Thailand and across ASEAN. Jareeporn Jarukornsakul, Chairwoman of the Executive Committee and Group Chief Executive Officer of WHA, said hosting the meetings is a golden opportunity for Thailand to showcase its readiness and potential on the world stage, especially its infrastructure ready to support the New Economy and to build on foreign direct investment, or FDI. The meetings are held under the theme Thailand's New Horizons: Empowering People, Building Resilience. WHA Group has laid the foundation for its industrial ecosystem through three pillars: coping with economic and geopolitical polarization, adapting to climate change, and the transition to digital and artificial intelligence. On the logistics side, WHA Group has more than 3.2 million square meters of service space in Thailand and Vietnam, while its industrial estate business has more than 17 smart eco-industrial estates covering over 88,900 rai in Thailand and Vietnam. In the utilities and power business, for 2026 it targets total water sales and water management in Thailand and Vietnam of 170 million cubic meters, with equity-owned power generation capacity totaling 1,124 megawatts. Its mobility business aims to expand the number of electric vehicles under management to 637 by 2026, and WHA Group is pursuing a goal of net-zero greenhouse gas emissions by 2050. Jareeporn concluded that the meetings will draw more than 15,000 participants, including senior leaders, central bank governors, IMF and World Bank executives, investors, financial institutions, the private sector, and media from around the world, reflecting confidence in Thailand and its potential to attract high-quality FDI.

Jareeporn Jarukornsakul, Chairman of the Executive Committee and Chief Executive Officer of WHA Corporation Public Company Limited, or WHA, said that Thailand's hosting of the Annual Meetings of the Boards of Governors of the World Bank Group and the International Monetary Fund in 2026, from October 12 to 18, 2026, represents a key opportunity to attract quality foreign direct investment and to connect capital from global financial markets into real investment in the industrial sector. The meetings will be held under the theme "Thailand's New Horizons: Empowering People, Building Resilience," and are expected to draw more than 15,000 senior leaders, international organization executives, investors, financial institutions, and private-sector participants from around the world. As for WHA Group's readiness, the company currently has more than 17 smart eco-industrial estates spanning over 88,900 rai in Thailand and Vietnam, along with total logistics space of more than 3.2 million square meters. In its utilities and power business, the company targets total water sales and water management in Thailand and Vietnam of 170 million cubic meters in 2026, and has total power generation capacity of 1,124 megawatts on a proportionate equity basis. Its mobility business aims to expand the number of electric vehicles under management to 637 by 2026, and the company has set a target of achieving net-zero greenhouse gas emissions by 2050.

Marcus & Millichap said Friday that its preferred partner relationship with Brown & Brown has expanded into Canada. Marcus & Millichap has operated in Canada since 2013 and has built a commercial real estate platform across major markets in the country. Under the expanded relationship, Marcus & Millichap clients and investment professionals in Canada gain streamlined access to Brown & Brown's insurance, risk and portfolio insights, including support for insurance placement, specialty risk consulting, portfolio analysis and due diligence, along with resources to help investors evaluate acquisition opportunities and operating risks. The expansion is part of Marcus & Millichap's preferred partner program, which connects clients and investment professionals with select providers offering specialized services and expertise.

WHA Corporation Public Company Limited, or WHA, says Thailand's hosting of the World Bank Group and International Monetary Fund Annual Meetings in 2026, the IMF–World Bank Group Annual Meetings, from 12 to 18 October 2026, is a golden opportunity to serve as a bridge connecting investment from global financial markets to the real economy, both in Thailand and across ASEAN. Jareeporn Jarukornsakul, Chairwoman of the Executive Committee and Group Chief Executive Officer of WHA, said the meetings will welcome more than 15,000 senior leaders, investors, financial institutions and media from around the world, reflecting Thailand's confidence and potential in attracting high-quality foreign direct investment, or FDI. The International Monetary Fund estimates that emerging market and developing economies in Asia need investment of no less than 1.1 trillion US dollars per year to mitigate and adapt to climate change, but actual investment still falls short by about 800 billion US dollars per year. WHA said it is ready to support the core concept of Thailand's New Horizons through an industrial ecosystem built on three pillars. The first is responding to economic and geopolitical polarisation, with a logistics business covering more than 3.2 million square metres in Thailand and Vietnam and more than 17 smart eco-industrial estates spanning over 88,900 rai. The second is adapting to climate change, with a target for combined water sales and water management in Thailand and Vietnam in 2026 of 170 million cubic metres, total equity power generation capacity of 1,124 megawatts, and a goal of expanding electric vehicles under its management to 637 by 2026. The third is the transition to digital and artificial intelligence through data centres and upgrading to Smart Eco-Industrial Estates, with WHA targeting net zero greenhouse gas emissions by 2050.

Jareeporn Jarukornsakul, Chairwoman of the Executive Committee and Chief Executive Officer of WHA Corporation Public Company Limited, or WHA, said that Thailand's hosting of the IMF–World Bank 2026 meetings is a golden opportunity to showcase the country's readiness and potential on the world stage and to build on foreign direct investment, or FDI, in order to attract future industries that align with changes in the global economy. The meetings will be held under the theme Thailand's New Horizons: Empowering People, Building Resilience, and are expected to draw more than 15,000 participants, including senior leaders, central bank governors, executives of the IMF and the World Bank, investors, financial institutions, the private sector, and media from around the world. WHA Group said its logistics business spans built-to-suit warehouses, general warehouses, ready-built factories, logistics parks, distribution centers, and office buildings, with more than 3.2 million square meters of space in Thailand and Vietnam. Its industrial estate business operates more than 17 smart eco-industrial estates covering over 88,900 rai in Thailand and Vietnam. The utilities and power business is targeting total water sales and water management in Thailand and Vietnam of 170 million cubic meters in 2026, and has total equity-backed power generation capacity of 1,124 megawatts, while preparing to capture opportunities from the Direct PPA mechanism and the new Power Development Plan, or PDP. The mobility business aims to expand its electric vehicle fleet under management to 637 vehicles by 2026, and the group is pursuing a net zero greenhouse gas emission target by 2050. Jareeporn concluded that WHA Group sees an opportunity to help drive the country toward becoming a regional financial hub alongside an artificial intelligence and data center hub, based on Thailand's position as a safe zone for investment that is ready to grow sustainably in every dimension.

Jareeporn Jarukornsakul, Chief Executive Officer of WHA Corporation Public Company Limited, or WHA, disclosed that operating results in the fourth quarter of 2026 will improve markedly from the third quarter of 2026 and will mark the highest growth period of the year, driven by a substantial volume of industrial estate land sales awaiting transfer and revenue recognition, together with support from asset sales into an investment trust. The company plans to sell assets into the WHA Premium Growth Real Estate and Leasehold Investment Trust, or WHART, worth more than 2.5 billion baht, with transfer and revenue recognition expected in the fourth quarter of 2026, and is in the process of filing with the Securities and Exchange Commission, or SEC, to seek approval for additional asset sales into the WHA Industrial Leasehold Real Estate Investment Trust, or WHAIR. For 2026, the company is maintaining its land sales target at approximately 2,500 rai, after selling about 504 rai in the first half of this year, not yet including a large volume of sales awaiting transfer. Meanwhile, the company must temporarily slow the intake of new customers pending clarity on government policy criteria and promotional measures for data center projects, which, if clarified, would help support the investment climate and land demand in WHA's industrial estates in the future. Its main customer base consists of global multinational technology groups with strong financial standing. Related agencies forecast that in 2026 total investment promotion applications will reach as much as 1.8 trillion baht, the highest since the BOI was established, of which 1.36 trillion baht will be foreign investment.

Dagang Shares announced on October 9 that its wholly owned subsidiary Jiangsu Keli Semiconductor Co., Ltd. plans to transfer its 16% stake in Suzhou Keyang Semiconductor Co., Ltd., an associated company, through public listing, with a reserve price of 200 million yuan. The equity transfer was acquired at the reserve price by a consortium formed by Shanghai Semiconductor Equipment and Materials Phase II Private Equity Investment Fund Partnership and Beijing Xiaomi Intelligent Manufacturing Equity Investment Fund Partnership, each taking an 8% stake in Suzhou Keyang. After the transaction, Keli Semiconductor will still hold a 12.56% stake in Suzhou Keyang. The announcement shows that the appraised value of all shareholders' equity in Suzhou Keyang is 1.241 billion yuan, an increase of 444 million yuan over the audited consolidated owners' equity attributable to the parent company, representing a premium rate of 55.71%. The transaction is expected to affect the company's current profit or loss by approximately 40 million yuan. In the first half of 2026, Dagang Shares achieved revenue of 233 million yuan and net profit attributable to the parent company of 54.54 million yuan.

Siam Asset Public Company Limited, or SA, is using the travel wave around international concerts and music festivals as a strategy to target niche customers and generate revenue for its hotel business. Most recently, Cassia Rama 9 Bangkok, one of the hotel businesses under the company's operation, has launched a special room package to welcome fans travelling to see the BTS WORLD TOUR 'ARIRANG' IN BANGKOK from 3-6 December 2026 at Rajamangala Stadium, with prices starting at 3,000++ baht per room per night, plus a free shuttle bus service between the hotel and the venue. Market data supports this approach. Airbnb disclosed on 8 June 2026 that accommodation searches in Bangkok during the BTS concert dates in December 2026 rose by nearly 590% compared with the same period the previous year, while searches for accommodation during the S2O and Siam Songkran music festivals rose by more than 40%. Meanwhile, the government is preparing to hold the Tomorrowland Thailand music festival from 11-13 December 2026 in Pattaya, which is expected to affect the overall economy by about 21.386 billion baht and is expected to create roughly 21,386 jobs in related industries. SA sees this approach as something that can be extended into a long-term marketing strategy, marketing around the event calendar of world-class artist concerts, music festivals, sporting events and trade shows in order to expand its customer base and generate revenue from rooms and supplementary services.

China Merchants Shekou announced that in September 2026, the company achieved a contracted sales area of 458,400 square meters and a contracted sales amount of 14.322 billion yuan. From January to September 2026, the company achieved a cumulative contracted sales area of 4.322 million square meters and a cumulative contracted sales amount of 140.093 billion yuan.

Ms. Jareeporn Jarukornsakul, Chief Executive Officer of WHA Corporation Public Company Limited, or WHA, disclosed that the operating performance trend for the fourth quarter of 2026 is expected to be the best quarter of the year, driven mainly by revenue recognition from land transfers, which normally cluster in the final quarter of the year. The company has an additional positive factor from the sale of assets into the WHA Premium Growth Real Estate Investment Trust and Leasehold Trust, or WHART, comprising the WGCL IDC distribution center in the strategic EEC location of Map Ta Phut district, Rayong province, with a value of more than 2.5 billion baht. The ninth capital increase unit subscription for the trust closed successfully in early October 2026, with subscriptions exceeding the number of units offered, and WHA is currently in the process of transferring the asset into the trust. Regarding the Data Center regulations that the Ministry of Interior is preparing to issue as a ministerial regulation, expected to take effect around June 2027, the company has no concerns and does not view it as an obstacle to investment decisions, but places importance on details and guidelines that must be clear. Meanwhile, the Cabinet has acknowledged the establishment of eight special economic promotion zones, which WHA views as a positive factor for the overall Thai industrial estate sector, helping to increase space to accommodate investment, stimulate demand for land, and support the inflow of FDI investment funds.

Origin Property Public Company Limited, or ORI, reported sales for the first nine months of 2026 of 15,735 million baht, split into roughly 85% from condominium projects and about 15% from housing projects, with approximately 75% coming from ready-to-move-in projects and about 25% from projects under construction. Meanwhile, sales awaiting revenue recognition, or backlog, at the end of the second quarter of 2026 stood at 33,182 million baht, which will be gradually recognized from 2026 through 2029, supporting revenue for four years. For the fourth quarter of 2026, the company has one additional newly completed condominium project beginning transfers of ownership, SO Origin Bangtao Beach, which already has condominium backlog of more than 70% of the project value. It is also preparing a major special campaign to close out the year, including project-specific campaigns and a campaign at the 50th House and Condo Expo from 29 October to 1 November 2026 at the Queen Sirikit National Convention Center, to stimulate purchasing power, sales, and revenue in line with the company's targets. ORI has structured its business as a holding company holding shares in subsidiaries and joint ventures, with five main business groups: condominiums under ORIGIN VERTICAL, housing under Britania Public Company Limited, or BRI, services under Primo Service Solution Public Company Limited, or PRI, Hospitality and Tourism & Service under ORIGIN HOTEL, and Logistics and Warehouse under ALPHA.

Mitsui Fudosan and Nomura Real Estate on the 8th showed part of the large mixed-use complex Tokyo Midtown Nihonbashi, under development in Chuo Ward, Tokyo, to reporters. It is the fourth property under the Tokyo Midtown brand developed by Mitsui Fudosan, following Roppongi, Hibiya, and Yaesu, and is scheduled to open next year. The building will be completed on September 30, and the whole complex consists of four blocks. Office floors in the roughly 284-meter-tall mixed-use Nihonbashi Nomura Mitsui Tower will be occupied in stages by tenants including the headquarters of Nomura Holdings, and it will also house a hotel operated by Hilton and a hall capable of hosting international conferences. An energy center will be established underground jointly with Tokyo Electric Power Energy Partner, allowing stable supplies of electricity and heat even during power outages. The existing commercial facility COREDO Nihonbashi, which will form part of Midtown, will close in October and reopen as a commercial area next year.

Mitsui Fudosan and Nomura Real Estate on the 8th showed part of the large mixed-use complex Tokyo Midtown Nihonbashi, under development in Tokyo's Chuo Ward, to reporters. It is the fourth property under the Tokyo Midtown brand that Mitsui Fudosan is developing, following Roppongi, Hibiya and Yaesu, and is scheduled to open next year. The building will be completed on September 30, and the whole complex consists of four blocks. Nomura Holdings' headquarters and other tenants will move in progressively to the office floors of the roughly 284-meter-tall mixed-use Nihonbashi Nomura Mitsui Tower, which will also house a hotel operated by Hilton and a hall capable of hosting international conferences. An energy center will be set up underground jointly with Tokyo Electric Power Energy Partner, allowing stable supplies of electricity and heat even during power outages. The existing commercial facility COREDO Nihonbashi, which will form part of Midtown, closed in October and will reopen next year as a newly renovated commercial area.

Noble Development Public Company Limited, or NOBLE, has launched the "A DEAL FAMILY: great deals for extraordinary people" campaign, bringing together ready-to-move-in and new condominiums across 8 locations: Thonglor, Ari, Rama IX, Don Mueang, Khukot, Chaeng Watthana, Bang Na, and Srinagarindra. Prices start at just 1.35 to 7.79 million baht, with special offers exclusive to the campaign, such as discounts of up to 3 million baht, fully furnished units, units sold with existing tenants, and many more On Top privileges. Among these 8 projects, Noble Form Thonglor starts at 7.79 million baht, down from the usual 11.2 million baht, while New Connect Condo Don Mueang is priced at a special 1.35 million baht, down from the usual 2.2 million baht. New Rain Chaeng Watthana starts at 1.89 million baht, with an On Top privilege of 50,000 baht for civil servants, and New Coast Khukot Station offers a 1 Bedroom Plus at a single price of 2.69 million baht, down from the usual 3.21 million baht. Those interested can visit the projects at any of the 8 sales offices or register through the website noblehome.com/th/adeal-family-2026

PROUD Real Estate Public Company Limited, or PROUD, has opened a special closing offer for its VI Ari project, an ultra-luxury detached home development in a private gated community of just six homes in the heart of Ari Soi 3. The final home is ready to move in, fully furnished, with 550 square meters of usable space, a private swimming pool and a private elevator, at a special price of 95 million baht, reduced from 108 million baht, along with additional closing-project deals for interested buyers. Pasu Liptapanlop, an executive director of PROUD, said that understanding residents' needs is at the heart of the project's development, from privacy and living space that supports family life to designs tailored to each owner's way of living. The project was developed together with STU/D/O Architects, P49 Deesign and TK Studio, which handled architecture, interior design and landscaping respectively, reinterpreting elements from original 1980s homes in Ari. Meanwhile, luxury housing market data from CBRE Thailand's Mid-Year Outlook dated August 3, 2026, indicates that demand in the luxury segment remains continuous, while Knight Frank Thailand sees buyers of homes priced at 50 million baht and above placing greater importance on location, privacy, travel and long-term support for family life. Those interested can schedule a project viewing at 02-035-0999.

Kamphon Suangburanakul, Chief Executive Officer of Alpha Divisions Public Company Limited, or ALPHAX, said the business outlook for the third and fourth quarters of 2026 is being supported by the energy business, as the arrival of the rainy season increases water volumes and helps boost electricity generation from hydropower plants. The company currently has two hydropower plants in Laos with a combined installed capacity of 29.51 megawatts, selling electricity to the state-run Electricite du Laos, or EDL. At the same time, ALPHAX is building the 100-megawatt Pak San solar power plant, part of its overall capacity expansion plan. It is expected to reach commercial operation, or COD, within 2026, and once the project is commercially operational, the group's total installed capacity is expected to increase by more than four times from the existing base. On the financial business side, the company is pressing ahead with expanding its loan portfolio while focusing on asset quality. It currently has a loan portfolio of more than 300 million baht and has credit lines from financial institutions to support further portfolio expansion. In the second half of 2026, lending is expected to be at a level close to that of the first half, while the company will use AI and a credit scoring system to analyze customer behavior. Kamphon said Laos's economy is trending toward greater stability, while the country has high energy potential, creating an opportunity for ALPHAX to build on its existing base, both hydropower plants and the Pak San solar project that is preparing for COD within this year. The company has more than 100 staff in Laos.

Jareeporn Jarukornsakul, Chairwoman of the Executive Committee and Group Chief Executive Officer of WHA Corporation Public Company Limited, or WHA, revealed at the THAILAND ECONOMIC OUTLOOK 2027 NEW HORIZON BEYOND THE TRAP seminar that Thailand remains a magnet for foreign investment, with investment promotion applications filed through the Board of Investment, or BOI, reaching as high as 1.8 trillion baht, of which foreign direct investment, or FDI, accounted for 1.36 trillion baht. Meanwhile, results for just the first half of 2026 showed investment application value reaching 1.4 trillion baht, with FDI worth 1.36 trillion baht, growing by 80%, and the bulk of that figure, more than 1.1 trillion baht, came from the digital industry and infrastructure groups such as data centers. Jareeporn warned that Thailand must accelerate its development of energy, water, and connectivity infrastructure. If it fails to seize this opportunity within the next two years, it could severely affect future growth prospects, because Singapore and Malaysia have now begun reopening to data center investment again under new regulations. She also proposed that the government establish Data Center Campuses alongside AI Centers, adjust investment promotion policy to target the right groups, and shift from temporary cash handouts to giving knowledge, careers, and stability to entrepreneurs instead.

Origin Property Public Company Limited, or ORI, reported sales for the first nine months of 2026 totalling 15,735 million baht for houses and condominiums, split into roughly 85% from condominium projects and about 15% from housing developments. By status, about 75% of sales came from ready-to-move-in projects and roughly 25% from projects still under construction. Backlog awaiting revenue recognition at the end of the second quarter of 2026 stood at 33,182 million baht, which will be gradually recognised from 2026 through 2029. For the fourth quarter of 2026, the company has one newly completed condominium project beginning transfers of ownership, SO Origin Bangtao Beach, which has a condominium backlog of more than 70% of the project's value. It is also preparing a major special year-end campaign, including both project-level campaigns and a campaign at the 50th House and Condo Expo, to be held from 29 October to 1 November 2026, 10:00 to 20:00, at the Queen Sirikit National Convention Center, to stimulate purchasing power, sales and revenue in line with the company's targets.

Origin Property Public Company Limited, or ORI, reported sales for the first nine months of 2026, covering houses and condominiums, totaling 15,735 million baht. Condominium projects accounted for approximately 85% of sales, while housing developments accounted for approximately 15%. By project status, ready-to-move-in projects contributed about 75% and projects under construction about 25%. Chief Executive Officer Peerapong Jaroon-ek disclosed that the backlog awaiting revenue recognition as of the end of the second quarter of 2026 stood at 33,182 million baht, which will be gradually recognized from 2026 through 2029. In the fourth quarter of 2026, the company will complete one new condominium project and begin transferring ownership units, namely SO Origin Bangtao Beach, which already has condominium backlog of more than 70% of the project value. The company is also preparing a major special year-end campaign, both project-specific campaigns and a campaign at the 50th House and Condo Expo, to be held from 29 October to 1 November 2026 at Queen Sirikit National Convention Center, to stimulate purchasing power and revenue in line with targets. ORI has structured its business as a holding company covering five main business groups: condominium real estate development for sale under ORIGIN VERTICAL, housing development for sale under BRI, the services business under PRI, the Hospitality and Tourism and Service business under ORIGIN HOTEL, and the Logistics and Warehouse business under ALPHA.

Precha Group Public Company Limited, or PRECHA, has announced an organisational transformation plan under the leadership of a new management team, appointing Mr. Rongrit Thammasit as Chief Executive Officer, or CEO, alongside a three-pillar strategy. The company targets total revenue of no less than 250 million baht in 2026 and has set a three-year roadmap to turn the business around toward a revenue goal of 1 billion baht by 2028. In the first half of 2026, the company recorded total revenue of 122.92 million baht, a rise of 720% compared with the same period a year earlier. The first strategy is to push into the low-rise housing market under the new brand PRESENSE, starting with two locations: PRESENSE Rattanathibet–Westgate in Nonthaburi, where 12 units and a clubhouse have already been developed, with completion expected in November 2026 and ownership transfers beginning in early December 2026, and PRESENSE Lat Krabang–Suwinthawong in eastern Bangkok. The second strategy is to build recurring income from the 15-storey office building Precha Complex, next to Sutthisan underground station, with a target occupancy rate of no less than 80% and expected rental cash flow of about 30 million baht per year. The third strategy is to expand the hotel business portfolio, with a management contract for The Palazzo Bangkok, a premium 230-room hotel next to Huai Khwang underground station, set to be signed, while the company is studying further hotel investments and management in central city locations.

Preecha Group Public Company Limited, or PRECHA, has announced a major corporate transformation plan under a new management team, appointing Mr. Rongrit Thammasathit as Chief Executive Officer, or CEO. He leads a management team with more than 20 years of real estate experience from Quality Houses Public Company Limited and Frasers Property Thailand Public Company Limited. In its first-half 2026 results, the company reported total revenue of 122.92 million baht, a rise of 720% compared with the same period a year earlier. The company targets total revenue of no less than 250 million baht in 2026 and has laid out a three-year road map toward a revenue target of 1 billion baht by 2028, through three main strategies. The first is the launch of a new low-rise brand, PRESENSE, with two pilot locations: Rattanathibet-Westgate in Nonthaburi Province and Lat Krabang-Suwinthawong in eastern Bangkok. The second is the renovation of the 15-storey Preecha Complex office building next to Sutthisan underground train station, targeting an occupancy rate of no less than 80% and generating rental cash flow of about 30 million baht per year. The third is expansion into the hotel business, with plans to sign a management contract for The Palazzo Bangkok, a 230-room premium hotel next to Huai Khwang underground train station, while studying further hotel investments in central city locations.

Origin Property Public Company Limited, or ORI, reported sales for the first nine months of 2026 totalling 15.735 billion baht, split into roughly 85% from condominium projects and about 15% from housing projects. Around 75% came from ready-to-move-in projects and about 25% from projects under construction. Backlog awaiting revenue recognition as of the end of the second quarter of 2026 stood at 33.182 billion baht, which will be gradually recognised from 2026 through 2029, supporting revenue for four years. For the fourth quarter of 2026, the company plans to transfer ownership of one additional newly completed condominium project, SO Origin Bangtao Beach, which already has pre-sales of more than 70% of the project value. It will also hold a major special campaign to close out the year, including project-level campaigns and a campaign at the 50th House and Condo Expo from 29 October to 1 November 2026 at the Queen Sirikit National Convention Center, to stimulate purchasing power and revenue in line with targets. ORI operates as a holding company through five main business groups: condominiums under ORIGIN VERTICAL, housing under BRI, services under PRI, Hospitality and Tourism and Service under ORIGIN HOTEL, and Logistics and Warehouse under ALPHA.

Suning Universal announced on October 8 that shareholder Suning Universal Group released the pledge on 265 million shares, accounting for 49.94% of its holdings and 8.72% of the company's total share capital. As of the disclosure date, no shares held by Suning Universal Group and its concert parties are pledged. In the first half of 2026, Suning Universal achieved revenue of 535 million yuan and net profit attributable to the parent of 30.95 million yuan.

Proud Real Estate Public Company Limited, or PROUD, has launched a special closing offer for VI Ari, an ultra-luxury detached home project on Ari Soi 3 developed as a private gated community of just six homes. The last remaining move-in-ready home is offered at a special price of 95 million baht, down from 108 million baht, along with additional project-closing incentives for interested buyers. The home has 550 square meters of usable space, a private swimming pool, a private elevator, and world-class branded furniture, and is ready for immediate occupancy. Pasu Liptapanlop, Executive Director of Proud Real Estate Public Company Limited, said VI Ari customers choose homes for long-term living, particularly those with strong ties to the Ari area, and that the project was designed in collaboration with STU/D/O Architects, P49 Deesign, and TK Studio, reinterpreting elements of traditional 1980s Ari homes. Meanwhile, luxury housing market data from the CBRE Thailand Mid-Year Outlook, published on August 3, 2026, indicates that demand in the luxury segment remains sustained, while Knight Frank Thailand sees buyers of homes priced from 50 million baht upward placing greater emphasis on location, privacy, travel convenience, and support for long-term family life.

Kamphon Suangburanakul, Chief Executive Officer of Alpha Divisions Public Company Limited, or ALPHAX, which operates renewable energy and financial businesses in Laos, said business trends in the third and fourth quarters of 2026 will be supported by the energy business entering the rainy season, which increases water volumes and power generation from hydropower plants. ALPHAX currently has two hydropower plants in Laos with a combined installed capacity of 29.51 megawatts, selling electricity to Electricite du Laos, or EDL. The company is building the 100-megawatt Pak San solar power project, which is expected to reach commercial operation, or COD, within 2026, and once commercially operational will increase the group's total installed capacity to more than four times its original base. On the financial business side, the company is pressing ahead with expanding its loan portfolio while prioritizing credit quality. It currently has a loan portfolio of more than 300 million baht and has credit lines from financial institutions to support further portfolio expansion. In the second half of the year, lending is expected to be close to the first half, and the company will use AI to help analyze customer behavior and credit scoring. Its team in Laos numbers more than 100 people.

Risesun Development announced on October 8 that some directors and senior executives increased their holdings of the company's shares by 12.81 million shares through centralized bidding between June 30, 2026 and September 30, 2026, accounting for 0.2946% of total share capital, with a total increase amount of 15.04 million yuan. In the first half of 2026, Risesun Development achieved revenue of 6.172 billion yuan and a net loss attributable to the parent company of 1.027 billion yuan.

Real Messenger Corporation said Nasdaq's staff notified it by letter dated October 6, 2026 that it complies with Listing Rule 5550(b)(1), the minimum stockholders' equity requirement of US$2.5 million. The determination followed the company's Form 6-K dated June 10, 2026 and supplemental information submitted on October 2, 2026. Real Messenger had received written notice from the staff on April 6, 2026 that it did not meet the rule. The staff also advised that if the company fails to evidence compliance upon filing its interim financial statements for the period ended September 30, 2026, it may be subject to delisting, in which case the company would have the right to appeal to a Nasdaq Hearings Panel. Real Messenger said it intends to keep monitoring its compliance with all applicable Nasdaq continued listing requirements, though it cautioned there can be no assurance it will continue to satisfy the equity requirement or any other listing standard.