Uraset Navanukroh, Deputy Chief Executive Officer for Investment at One Bangkok and Fraser Property (Thailand) Public Company Limited, or FPT, said cooperation among the government, private sector and financial institutions is a key driver of urban development, noting that every 1 baht invested in real estate circulates to create at least 3 times its value in the economy. FPT measures project success by financial returns, the local economy and the quality of life of people in the community. FPT currently has seven real estate projects in Bangkok's business and central districts: Samyan Mitrtown, Silom Edge, Park Venture, Sathorn Square, The Park, FYI Center and One Bangkok. Sittipol Kusumaranya, Deputy Director of the Bangkok Metropolitan Administration's City Planning and Development Office, said the fourth revision of the Bangkok comprehensive plan is in its 90-day public notice period, and the new draft plan is expected to take effect around mid-2027, pushing up appraised land prices, with land within 500 metres of a train station eligible for an additional 20% of building space. Dr. Mana Nimitvanich, Director of the Real Estate Information Center, said the property market in the second half of 2026 may slow from the second quarter of 2026, but the overall picture for the year is still recovering, with total ownership transfers expected to grow by about 2-3% in both units and value. The Bangkok and greater Bangkok market is driven by domestic Thai purchasing power, while Phuket and Pattaya are expanding on foreign demand. An analysis by Kasikorn Securities Public Company Limited takes a more positive view of the residential business following FPT's latest operating results. It expects the sale of 1 billion baht of industrial property to a REIT in the fourth quarter of 2026, against a full-year target of 1.5 billion baht, and expects 1.5 billion baht of such asset sales in 2027-2028. It recommends buying with a target price of 9.70 baht.
Frasers Property (Thailand) Public Company LimitedKasikorn Securities takes a more positive view of the residential business following FPT's latest operating results and expects a 1 billion baht industrial property sale to a REIT in Q4.
