Dr. Prasart Tangmattatham, Advisor of Supalai Public Company Limited, who oversees foreign investment projects, revealed that Supalai Public Company Limited is continuously seeking new investment opportunities. Recently, it announced an expansion of its investments in Australia through Supalai Australia Holdings Pty Ltd, a joint venture between the Supalai group and Mirvac, a leading real estate development company and one of the top three in Australia. This joint investment will be in the Smiths Lane project located in Clyde North, east of Melbourne, Victoria. The investment will be a 50% shareholding between Supalai and Mirvac, with Supalai investing AUD 154 million, approximately THB 3.82 billion. This announcement marks the first collaboration with Mirvac since Supalai began investing in Australia and is the 12th project in the country. This investment is considered the largest ever made by the company, and it is expected that revenue from Australia will account for about 25% of Supalai's total income.


Dr. Prasart Tangmattatham, Advisor of Supalai Public Company Limited

The Smiths Lane project is located east of Melbourne in Victoria and is a popular area for residential development. The Clyde North area is considered a highly sought-after residential location in Melbourne. The project involves the subdivision of land into over 2,170 plots of various sizes, featuring a prime location and convenient transportation access, making it easy to reach surrounding amenities. Additionally, the project includes natural recreational areas and sports facilities for residents, as well as schools in the vicinity.

As the demand for land sizes in the market decreases from over 400 square meters to around 350 square meters due to rising land prices, the Smiths Lane project aims to market both larger and smaller plots to cater to both customer segments while maintaining a luxurious project style with full amenities.

For the Smiths Lane project, the company signed the joint venture agreement and made the investment payment at the end of June and commenced immediately in July 2022. It is expected to be completed by June 2029.

Supalai Public Company Limited expects to receive positive feedback from customers seeking housing that is appropriately sized and priced. Moreover, partnering with Mirvac, a market leader in the Australian real estate sector with a 50-year history, gives the company confidence in achieving the expected returns. This collaboration marks an important step in expanding investment capabilities abroad, particularly in the Australian market, where Supalai has experience and expertise gained from continuous market learning through 11 previous projects, which have received positive responses from residential developers in Australia. This will be a key strategy to strengthen the company's position in the Australian market in the future.