Ms. Narathnaree Rattapat, Managing Director of the Asset Management Company (SAM), met with Dr. Theerawat Thanyalakphak, Chief Executive Officer, and Asst. Prof. Dr. Kessara Thanyalakphak, Managing Director of Sena Development Public Company Limited, after the sale and transfer of over 374 rai of land. This meeting took place at the Thanyalakphak Building to prepare for the development of the vacant land into a leading real estate project that will support the expansion of the Eastern Economic Corridor (EEC). They are confident that this development will enhance business growth and accommodate future residential and commercial projects.

Ms. Narathnaree revealed that SAM is a major source of non-performing assets (NPA) in the country, presenting a golden opportunity for investors or real estate developers to create added value. Recently, SAM sold a beautiful plot of land, over 374 rai, in the Pattaya Country Club and Resort project located on Chachoengsao-Sattahip Road, Banglamung District, Chonburi Province, to Eastern Sena Development Co., Ltd., a subsidiary of Sena Development Public Company Limited, a major real estate developer. This property is considered one of SAM's standout assets due to its location in the EEC development zone, near Amata City Industrial Estate, Siam Country Club Pattaya Old Course, and Laem Chabang Golf Course, supported by extensive infrastructure and complete public utilities, including a high-speed rail project connecting three airports, the development of U-Tapao Airport, and the Map Ta Phut and Laem Chabang industrial ports.

“This collaboration with SENA is a continuation of business opportunities under the Memorandum of Understanding (MOU), marking a significant value addition that will lead to future real estate development. It aligns with SAM's mission to create opportunities for project development to meet future market demands, while also developing these assets to create added value and contribute back to the country's economy for sustainable growth,” she stated.

Additionally, SAM offers a variety of second-hand properties or NPAs, including residential and investment properties such as single houses, duplexes, townhouses, condominiums, commercial buildings, vacant land, hotels/resorts, factories/warehouses, etc., in high-potential locations across Thailand to meet the needs of the public and interested investors. Auctions are held every month with the latest promotions, including “SAM Second-Hand Properties Must Share,” where referrals can earn up to 3 million baht for each property. Registration is open from now until December 30, 2024. More details can be found on the website at www.sam.or.th or by adding Line ID @Samline. For further inquiries, please contact the Call Center at 02-686-1888.

Asst. Prof. Dr. Kessara Thanyalakphak, Managing Director of Sena Development Public Company Limited, stated, “The purchase of over 374 rai of land is part of our long-term business expansion plan, focusing on developing quality housing to meet the increasing consumer demand driven by the growth of the EEC area, both in residential and commercial investment. Sena sees opportunities and potential, and this land will play a crucial role in supporting Sena's growth strategy in developing new projects to generate returns and confidence in business operations while driving the real estate market in the area to grow and create jobs and income for the community.”

This investment reflects Sena's strong financial foundation and commitment to being a leader in quality real estate development, reinforcing partner confidence in long-term investment and credibility in business governance, making Sena well-regarded among customers, investors, and business partners.