Major Development Public Company Limited, a leader in luxury real estate development and pet-friendly condominiums, is advancing its sustainable growth strategy by enhancing its real estate investment portfolio (Recurring Income: RI) that can generate stable long-term income. Recently, the company announced the success of three commercial projects: Major Tower Thonglor, Major Tower Rama 9 – Ramkhamhaeng, and Marche Ram 53, all of which have achieved a full rental occupancy of 100%, reflecting the asset's potential and the confidence of business tenants in the Major brand.

Recurring Income: Growing Income on High-Potential Locations

  • Major Tower Thonglor is located in the heart of Thonglor, an area with the highest potential for business, lifestyle, and expatriate communities. The building is designed to Grade A office standards, catering to premium tenants seeking a central location with complete amenities, conveniently close to Thonglor BTS station.
  • Major Tower Rama 9 – Ramkhamhaeng is a recently launched office project that has quickly achieved full occupancy, thanks to its connectivity between Bangkok's new CBD and surrounding communities via Ratchadapisek Road, Phetchaburi, Rama 9 – Din Daeng expressway, and various BTS lines, surrounded by leading mixed-use projects.
  • Marche Ram 53 is a community mall on Ramkhamhaeng Road that gathers restaurants, cafes, and various services in one location, catering to families, students, and working individuals in the area, generating continuous traffic throughout the week.

All three Major projects have achieved a full rental occupancy of 100%, which not only reflects the quality of the properties and their locations but also serves as proof of the real estate development strategy that looks ahead for the future, creating sustainable recurring income streams, which is a key factor for investor confidence.

“Stable Income – Strong Portfolio” as a Pillar for Long-Term Growth

Amid the volatility of the real estate market in recent years, having a portfolio of Recurring Income assets that is flexible and can generate continuous income has become one of the essential elements of risk management and a new milestone that corporate real estate developers prioritize. Major Development recognizes this trend and has continuously invested in high-potential commercial properties, not only focusing on short-term rental returns but also implementing long-term strategies to strengthen the brand, aiming to balance income from sales (Residential for Sale) and income from holding investment assets (Recurring Income) to enhance long-term financial stability while continuously building a Recurring Income portfolio in high-potential locations.

The success in achieving 100% rental occupancy for Major Tower Thonglor, Major Tower Rama 9 – Ramkhamhaeng, and Marche Ram 53 is not just a reflection of project quality but a clear signal of the “right direction” for Major in creating a valuable real estate portfolio that deeply meets the needs of modern urban dwellers.

Currently, Major Development Public Company Limited is offering a new bond series 3/2568 as a non-subordinated bond, which allows the issuer to redeem the bond before the maturity date, with interest paid every 3 months, available for institutional investors and/or large investors, with both secured and unsecured options to suit every investor's lifestyle.

Set 1: Unsecured bond with a term of 1 year, maturing in 2026, with an interest rate of 7.30% per annum.

Set 2: Secured bond with a term of 1 year and 6 months, maturing in 2027, with an interest rate of 7.10% per annum.

The collateral includes the Major Tower Rama 9 – Ramkhamhaeng office building along with land and associated parts, with an appraised value of 1,552 million baht.

Subscription period for the bonds is from July 29 to 31, 2025.

If investors are interested, they can contact their financial advisors or the IR department of Major Development Public Company Limited.

As for the company's performance, it has 12 ongoing projects valued at 31,022 million baht and 2 future projects valued at 3,510 million baht, set to launch for sale at the end of 2025. Additionally, there are plans to recognize continuous income from the transfer of ownership of the Metris District Ladprao condominium project in the third quarter of 2025.