Frasers Property (Thailand) PCL

SET:FPT

Business Description

Sector

Real Estate

Industry

Real Estate

Headquarters

Thailand TH

Employees

1 349

IPO date

Jun 13, 2002

Frasers Property (Thailand) PCL is a Thai property company that builds, owns, and manages real estate for both sale and long-term rental. It develops housing projects, office buildings, industrial estates, warehouses, and mixed-use properties, so its business spans homes, workspaces, and land for factories and logistics users. The company earns money in two main ways: by selling completed properties and by collecting recurring rent and service income from properties it keeps on its balance sheet.

Its main customers are homebuyers, companies looking for offices or retail space, and manufacturers, logistics firms, and e-commerce operators that need industrial land, factories, or warehouses. On the residential side, it sells condos and houses to individual buyers. On the commercial and industrial side, it leases space and services to tenants who want ready-made property in good locations rather than building everything themselves.

What makes the business model different is that it sits at several points in the property value chain. It is not just a home builder; it is also a landlord and industrial property owner. That mix gives it both one-time sales income from development projects and more steady rental income from assets it keeps and manages.