Singha Estate Plc, a property arm of Singha Group, has set an investment budget over Bt55 billion from now until 2020 to focus on sales of both residential and commercial buildings, said the company’s chief executive officer Naris Cheyklin on Monday.
Their commercial investments could include hotels, offices, industrial estates, and warehouses.
The property investments are part of a Bt100 billion plan governing the years 2015 until 2020.
“We’ve spent Bt50 billion of our investment budget from the year 2015 through to the first eight months of this year to take over hospitality businesses in the UK, investment in residential development projects in the Maldives, took over the Sun Tower office building in Bangkok, and also invested in the new residential project at Esse Sukhumvit 36,” said Naris.
“They will generate income for our business in the years 2018-2020.”