Singha, Hong Kong Land ink JV

Singha, Hong Kong Land ink JV

Singha and Hong Kong Land have signed a deal to develop a luxury condominium project in Bangkok’s central business district.

Singha Estate is the property development arm of Boon Rawd Brewery which produces the iconic beer. The USD61.3 million project is the second time the companies have come together in a real estate joint venture. 

The first project, The Esse Sukhumvit 36, is a high-rise condo project worth USD199 million and was launched in November 2017. The joint venture hopes to realise USD92 million in pre-sales by the end of the year. 

Singha Estates maintains a diverse property portfolio with around 60 percent of its current revenue being generated from residential development projects, 25 percent from hotels and the remaining 15 percent from commercial properties, including office and retail space.

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