Property development
Eastern Star Real Estate develops and sells homes, townhouses, and condominium units under its projects in Thailand.
Customers and revenue model
E
Eastern Star Real Estate PCL
SET:ESTAR
Eastern Star Real Estate PCL
SET:ESTAR
Price:
0.24
THB
Market Closed
Market Cap:
฿1.2B
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Company Overview
Business Description
- Sector
- Real Estate
- Headquarters
- Thailand TH
- Employees
- 140
- IPO date
- Feb 15, 1994
Eastern Star Real Estate is a Thai property developer that builds and sells residential projects, mainly houses, townhomes, and condominiums in Bangkok and nearby provinces. It earns money by acquiring land, developing projects, and then selling completed units to homebuyers and investors. In some cases, it also sells undeveloped or partially developed land tied to its project portfolio.
Its main customers are people looking for a place to live, usually first-time buyers, families, and middle-income households, along with some buyers who want property for investment or resale. The company makes most of its revenue when it transfers finished homes or condo units to customers, so its business depends on turning land into sellable housing products.
What makes the business model different is that it is a local land-and-home developer rather than a broad construction contractor or a landlord collecting rent. Its value comes from choosing locations, securing land, designing projects that fit local demand, and managing the long process from land purchase to unit handover. That puts Eastern Star in the middle of the housing supply chain: it turns raw land into finished homes that end users can buy.