Frasers Property (Thailand) Public Company Limited (“FPT”), Thailand’s leading integrated real estate platform, reported a robust performance for 3QFY2023 (April – June 2023) with total revenue of THB 4,468 million and a net profit of THB 396 million.

เกริก บุณยโยธิน 04 August, 2023 at 11.22 am


Frasers Property (Thailand) Public Company Limited (“FPT”), Thailand’s leading integrated real estate platform, reported a robust performance for 3QFY2023 (April – June 2023) with total revenue of THB 4,468 million and a net profit of THB 396 million. The achievement was primarily attributed to the strong market demand on the residential business, particularly from the upper-luxury segment. The influx of tourists and increased investment relocation to Thailand has also driven growth in the industrial and commercial businesses, resulting in higher rental and service revenues. Over the 9-month (October 2022 to June 2023), FPT reported a revenue of THB 11,598 million and a net profit of THB 1,031 million.

Mr. Thanapol Sirithanachai, Country CEO of Frasers Property (Thailand) Public Company Limited, said: “For 3QFY2023, FPT delivered strong revenue at THB 4,468 million, a 30% increase from THB 3,424 million in the previous quarter, with a net profit of THB 396 million, a  25% increase from THB 318 million in 2QFY2023. Pursuing FPT’s business plan, we have continued our focus on capital management to maintain financial stability and liquidity for business opportunities, while enhancing our readiness for future investments in value-added businesses propelling FPT to grow sustainably.”

During the last nine months (October 2022 – June 2023), FPT achieved a total revenue of THB 11,598 million. Out of this, THB 7,691 million was generated from real estate selling, THB 2,061 million from rental and services, and THB 1,846 million from other revenue streams with a net profit of THB 1,031 million.

In the third quarter, the residential business has generated a revenue of THB 2,708 million. This was attributed to consistent marketing campaigns and effective communication strategies that successfully reach the target audience, resulting in THB 6,134 million worth of sales. The luxury segment, particularly the THB 10 million and above single detached homes, received an overwhelming response from the market. In 3QFY2023, FPT launched Alphena Rama II, a luxury single detached home project valued at THB 2,200 million, further solidifying its position in the luxury housing market. At the end of this quarter, the company had a total of 78 active residential projects with a total project value of over THB 108,700 million. Looking ahead, in 4QFY2023 (July – September 2023), FPT plans to launch a single detached home project and a townhome project with a combined value of THB 2,830 million. The company has a backlog of over THB 1,000 million, which is anticipated to continue driving performance.

The industrial business and commercial business achieved continuous growth with a revenue of THB 710 million, primarily driven by the geopolitical shift and the China Plus One strategy. Thailand’s strategic location as a suitable manufacturing base has attracted foreign investors and tenants to the country. Recently, FPIT successfully handed over a 20,000 square-meter warehouse to a leading logistics operator in the Asia Pacific region at the Frasers Property Logistics Centre (Bangplee 7) phase 2 in Samut Prakan province. The industrial business has maintained an average occupancy rate of 86%.

With regards to the commercial business, the prime-grade office buildings and mixed-use portfolio has maintained an average occupancy rate of 93%. Notably, Samyan Mitrtown and Silom Edge, the mixed-use projects located in Bangkok’s CBD, have experienced consistent growth in foot traffic for both retail and the hotel segment. This positive trend can be attributed to the ongoing economic recovery and the increased number of tourists visiting Thailand. In addition, three out of its five prime grade office buildings under FPT’s management namely, Park Ventures Ecoplex, FYI Center, and Samyan Mitrtown was awarded with WiredScore certification for the future-proof technology infrastructure and best-in-class digital connectivity.


In 3QFY2023, THB 1,050 million in other income was generated, primarily driven by the increasing revenue from the hotel business, income from selling plots of land. This includes income from the sale of its data center business to Frasers Property Holdings (Thailand), which is in line with the company’s strategy focusing on its core businesses.

In addition, FPT has set its plan to re-develop the Mayfair Marriott Executive Apartments project into a super luxury condominium, in line with the company’s strategy to meet the increasing demand for luxury housing as well creating value and maximizing return to the company.

Financial breakdown for the third financial quarter (April – Jun 2023)

Comparison of financial results for a 9-month period (October 2022 – June 2023)

เกริก บุณยโยธิน

เกริก บุณยโยธิน

ผู้ก่อตั้งเวปไซต์แบ่งปันความรู้ด้านการตลาด และการสร้างแบรนด์ในวงการอสังหาฯ พร็อพฮอลิค ดอทคอม..หลังจากที่ใช้เวลามากกว่า 10 ปี ในการวนเวียน เข้าๆออกๆ ในสายงานด้านการตลาด และวางแผนกลยุทธ์การสร้างแบรนด์ ของบริษัทอสังหาฯ และเอเยนซีโฆษณาชั้นนำหลายแห่ง (โดยที่ไม่รู้ว่าทำไมต้องจับสลากเจอลูกค้าสายอสังหาฯทุกที)...จนถูกครอบงำโดยจิตใต้สำนึก ให้ถีบตัวเองออกจากกรอบการทำงานแบบเดิมๆ เพื่อออกมาจุดประกายความคิดที่ถูกต้อง และนำเสนอมุมมองใหม่ๆ ให้กับกลุ่มคนที่สนใจในธุรกิจอสังหาฯ


The Estelle Phrom Phong

The Residences at Mandarin Orien...

KRAAM SUKHUMVIT 26 [Actual Unit]

“KRAAM” in Thai language means “Home”, and to meet t...

21 August, 2019

SCOPE Langsuan

As we all know, the index that measure the value of ...

22 July, 2019


Telling that this is one of the most interesting con...

3 February, 2018

Rhythm Rangnam

The grand opening day of the Rhythm Rangnam, a lot o...

18 November, 2017