Frasers Property Thailand has announced its performance for the first quarter of fiscal year 2025 (October - December 2023), generating revenue of 3.268 billion baht and a net profit of 329 million baht. The residential sector benefited from the marketing campaign "Frasers Home, Complete Thinking," boosting transfer rates. The rental market for factories and warehouses continues to boom, achieving a rental rate of 89%, while office and retail spaces maintain a high occupancy rate of 92%.

Mr. Thanapol Sirithanachai, Country Chief Executive Officer of Frasers Property (Thailand) Public Company Limited (FPT), stated that in the first quarter of fiscal year 2025 (October - December 2023), the company operated with caution, monitoring the impact of highly volatile negative factors both domestically and internationally. The operational plans were adjusted according to the strategy "Embrace - Secure Core, Embrace Future" to retain existing customers and expand into new customer segments by driving in three dimensions: Flexible to adapt to market demand, Feeling to create superior experiences, and Focus on developing specialized products and services, which the company believes will lead to stable business growth.

In the first quarter of fiscal year 2025 (October - December 2023), Frasers Property Thailand achieved total revenue of 3.268 billion baht, comprising 2.003 billion baht from property sales, 796 million baht from rental and services, and 469 million baht from other income, with a net profit of 329 million baht.

The residential property sector succeeded with the marketing campaign "Frasers Home, Complete Thinking," which created brand awareness and stimulated consumer purchasing decisions, along with stock clearance in some projects. At the same time, the company is actively targeting foreign customers by organizing roadshows in China, focusing on customers interested in condominium projects. This year, the company plans to launch new projects including single houses, twin houses, townhomes, and condominiums in Bangkok, Nakhon Ratchasima, and Khon Kaen, totaling six projects valued at over 9.8 billion baht, introducing two new brands: Gramour and Goldina, featuring modern styles targeting the younger generation.

The industrial property sector has an average rental rate both domestically and internationally of 89%, the highest ever recorded. This is supported by the ongoing impact of the China Plus One strategy and the boost from U.S. trade policies, leading to a shift of production bases from China to Southeast Asia, positively affecting the company's businesses in Thailand, Indonesia, and Vietnam due to increased demand for factory and warehouse spaces. The company has launched two new projects: Frasers Property Last Mile Hub in the Pu Chao industrial zone.



Located in Samut Prakan's Phra Pradaeng district, and a Free Zone Warehouse in the Bangna 2 Logistics Park project.

The commercial property sector has seen increased revenue from Grade A office buildings and retail spaces due to higher rental rates from new lease agreements, maintaining an occupancy rate of 92%. However, the hotel business experienced a decline in revenue due to the closure of the Mayfair Marriott Executive Apartments, which is being developed into a high-rise super-luxury condominium project. Without this impact, hotel revenues would have improved by approximately 17.7% due to growth in occupancy rates and average room rates, supported by a continuous increase in foreign tourist arrivals in Thailand.

Financial Performance for Q1 (October – December 2023)