{"id":29771,"date":"2016-10-13T11:36:29","date_gmt":"2016-10-13T04:36:29","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/why-this-singapore-developer-is-investing-in-thai-industrial-property\/"},"modified":"2016-10-13T11:55:30","modified_gmt":"2016-10-13T04:55:30","slug":"why-this-singapore-developer-is-investing-in-thai-industrial-property","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/why-this-singapore-developer-is-investing-in-thai-industrial-property\/","title":{"rendered":"Why this Singapore developer is investing in Thai industrial property"},"content":{"rendered":"


\nOne of the biggest real estate deals by a Singapore developer in 2016
\nMap Ta Phut industrial estate in Rayong, Thailand. tolotola\/Shutterstock
\nOne of Singapore\u2019s top real estate companies is acquiring a 40 percent stake in one of Thailand\u2019s biggest industrial property firms.
\nFrasers Centrepoint Limited (FCL), through its Frasers Property Holdings (Thailand) subsidiary, is planning to pour THB13.23 billion (USD370 million ) in Ticon Industrial Connection Public Company for a subscription of around 735 million new shares, priced at THB18 (USD0.50) per share. This will mark the largest deal for the Singaporean developer since it acquired the Malmaison Hotel du Vin hotel chain for SGD621 million (USD448 million) last year.
\nMore: Singapore\u2019s tallest building nears completion
\nThe deal, opened via private placement, allows FCL to fan out from its huge interests in Thailand\u2019s residential and commercial sectors, made possible through its stake in Golden Land Property Development. FCL is making the purchase with expectations of long-term, stable growth in Thailand\u2019s industrial and logistics sectors, buoyed by the Thai government\u2019s plans to roll out infrastructure investment programs worth USD98 billion in the next few years, The Straits Times reported.
\nWith 18 industrial estates and 33 logistics locations, Ticon manages 2.5 million square metres of industrial space across Thailand. The company is the sponsor of three listed property funds and a listed real estate investment trust (REIT) in the country, with combined assets under management of approximately THB32.4 billion (USD907 million).
\nRead next: Singapore home market unaffected by Indonesian tax amnesty
\n
\nSource : property-report.com
\nRead more…Why this Singapore developer is investing in Thai industrial property<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

One of the biggest real estate deals by a Singapore developer in 2016 Map Ta...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-29771","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-7Kb","jetpack-related-posts":[{"id":115634,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-investment-sales-to-grow-5-per-annum-in-2019-2024\/","url_meta":{"origin":29771,"position":0},"title":"Singapore investment sales to grow 5% per annum in 2019-2024","date":"April 15, 2020","format":false,"excerpt":"\r Property investment sales in Singapore is projected to grow 5% per year in the longer term over 2019 to 2024 even as this year\u2019s sales is expected to drop 24% year-on-year, revealed a Colliers International report. The Ministry of Trade and Industry\u2019s (MTI) advance estimates showed that the city-state\u2019s\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":93767,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/frasers-property-buys-75-stake-in-vietnamese-developer-for-s47-33m\/","url_meta":{"origin":29771,"position":1},"title":"Frasers Property buys 75% stake in Vietnamese developer for S$47.33m","date":"July 13, 2018","format":false,"excerpt":"\r Singapore\u2019s Frasers Property, formerly known as Frasers Centrepoint, has agreed to conditionally acquire a 75 percent stake in a Vietnamese developer for VND799 billion (approx. S$47.33 million) in cash, revealed an SGX filing on Thursday (12 July). The acquisition will be undertaken by its indirect wholly-owned unit Frasers Property\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":112472,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/frasers-property-cautiously-optimistic-of-singapores-residential-market\/","url_meta":{"origin":29771,"position":2},"title":"Frasers Property cautiously optimistic of Singapore\u2019s residential market","date":"November 19, 2019","format":false,"excerpt":"\r The group has been cautious in acquiring residential sites given that land prices remain high while the take-up rate has been slow. High land price and low take-up rate of properties in Singapore have prompt Frasers Property Limited to take a more careful approach in the Singapore residential market\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":129136,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sky-edenbedok-launch-the-new-sky-in-eastern-singapore\/","url_meta":{"origin":29771,"position":3},"title":"Sky Eden@Bedok Launch: The New Sky in Eastern Singapore","date":"August 26, 2022","format":false,"excerpt":"\r Sky Eden@Bedok Launch: The New Sky in Eastern SingaporeA new dawn at Bedok The planned transition of Bedok Point mall to a residential development with commercial units on the ground floor was first announced in July 2021. It was then recently unveiled that the highly anticipated project will house\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2022\/08\/Sky-Eden@Bedok-1.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":35158,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/countdown-to-south-east-asia-property-awards-2016-grand-finals-begins\/","url_meta":{"origin":29771,"position":4},"title":"Countdown to South East Asia Property Awards 2016 grand finals begins","date":"November 21, 2016","format":false,"excerpt":"\r What you need to know about the must-attend event of the year for Southeast Asia real estate Developers from eight countries in ASEAN are getting ready for the year\u2019s biggest event for real estate as the South East Asia Property Awards 2016 grand finale approaches. In a few days,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/img.youtube.com\/vi\/xzaDh87nwU4\/0.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":116996,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/frasers-property-secures-350mil-green-loan-for-its-executive-condo-project\/","url_meta":{"origin":29771,"position":5},"title":"Frasers Property secures $350mil green loan for its executive condo project","date":"June 9, 2020","format":false,"excerpt":"\r Obtained via its subsidiary, Fernvale Lane, the loan marked the group\u2019s tenth green financing initiative and the first green loan for an EC development in Singapore. Photo: Mr Loo Choo Leong, CFO of Frasers Property. Credit: Frasers Property Limited. Frasers Property on Tuesday (9 June) announced that it has\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/29771"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=29771"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/29771\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=29771"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=29771"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=29771"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}