Dr. Prasart Tangmattatham, Director of Supalai Public Company Limited stated that before investing in the Philippines, Supalai Public Company Limited conducted a thorough analysis of the return on investment for real estate worldwide. The Philippines is considered one of the highest-ranking countries globally in this regard. The housing market in 2013 was booming, comparable to Thailand, and this trend has continued to the present. Although there has been some slowdown, demand and supply remain strong.

         The property invested in the Philippines in 2013 is an office building with approximately 40% of the building's area owned by foreigners, which is the maximum allowed. The building, completed in 1999, was designed by the American architectural firm SOM (Skidmore, Owings & Merrill LLP), and its design quality meets all American standards, classifying it as a Grade A building. The building was purchased for 1.167 billion pesos, with additional fees and VAT bringing the total investment to 1.34 billion pesos. In the first year, rental income was 85 million pesos, which has steadily increased, reaching 110 million pesos in the most recent year.

         Finding buyers for high-value real estate investments is not easy. Supalai has been seeking buyers since late 2016, signing a purchase agreement on March 14, 2017, and transferring ownership on September 7, 2017. The selling price was 1.62 billion pesos, with the buyer responsible for VAT of 194.4 million pesos and transfer fees of 9.7 million pesos. The total holding period for this property was 4 years and 2 months, yielding an effective internal rate of return (EIRR) of 19.7%.

         Before securing a buyer, Supalai has continuously sought new investment opportunities and anticipates upcoming projects in the form of office buildings and residential developments, including low-rise housing or condominiums.

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