Supalai Announces New Joint Venture with Major Partner 'Stockland'

Moving Forward with Investment in Katalia, Its 11th Project in Australia

Supalai Public Company Limited has announced its international investment collaboration to expand business opportunities, particularly in Australia, where the company has expertise and a successful track record in continuous investments. The company is moving forward with the development of its 11th project in Melbourne, Victoria, Australia.

Dr. Prasart Tangmattatham, Advisory Board Member of Supalai Public Company Limited and Overseer of International Investment Projects revealed that Supalai Public Company Limited is not standing still and continues to seek new investment opportunities. Recently, the company announced an expansion of its investment in Australia through Supalai Australia Holdings Pty Ltd, a joint venture between the Supalai group and Stockland, a leading property development company listed on the Australian Securities Exchange (ASX). The investment will be in the Katalia project located at 975 Donnybrook Road, Melbourne, Victoria, with an investment value of over AUD 52.5 million or THB 1,184 million. This announcement marks the first collaboration with Stockland since Supalai began investing in Australia and is the 11th project in the country.

The Katalia Project is located in the northern part of Melbourne in Victoria, a popular area for residential development today. The project consists of over 1,500 land parcels for sale, featuring a prime location and convenient transportation, allowing easy access to surrounding amenities. Additionally, the project includes ample recreational and exercise areas for residents, with plans for future school development. Importantly, the Katalia project is situated on Donnybrook Road, making it one of the newest projects closest to Hume Highway, a rare location today, and this road is a major highway running directly from downtown Melbourne.

Moreover, the project features land parcels that are, on average, smaller than those in nearby developments at reasonable prices, catering to the needs of modern families looking for their first home.

For the Katalia project, the company expects to begin construction in August, with the first phase set to transfer in July 2021.

Supalai Public Company Limited anticipates a positive response from customers seeking affordable housing options. The partnership with Stockland, a market leader in the Australian real estate sector, gives the company confidence in achieving the expected returns. This collaboration is a significant step in expanding the company's investment capabilities abroad, particularly in the Australian market, where Supalai has experience and expertise gained from continuous market learning through its previous 10 projects, which have received positive feedback from Australian residential developers. This strategy will further strengthen the company's position in the Australian market in the future.

Mr. Andrew Whitson, CEO of Communities at Stockland Corporation Ltd added, "We see a continuous demand from consumers with the potential to purchase housing, both from first-time homebuyers and new families. With a focus on affordable housing, the Katalia project will significantly increase opportunities for people to enter the real estate market as soon as we launch the project.

Furthermore, partnering with a reputable company like Supalai demonstrates the strength of our brand, enhances awareness of our capabilities and performance, and contributes to our market share while delivering quality master-planned communities nationwide," Mr. Andrew Whitson emphasized regarding this strong collaboration.