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Singha Estate Public Company Limited is committed to becoming an “Entrusted and Value Enricher” in the property development sector. We aimed to expand our business and investment via land purchases in high-potential locations and quality project development under the “Best in Class” concept in tandem with investment, or joint investment in businesses or assets with high growth potential. The Company’s goal is to be the top property developer dedicated to creating quality projects and new lifestyles for people to live, play, work, and shop, together with nurturing growth and delivery of sustainable value to all stakeholders, and that fulfill the needs of living, leisure, working and shopping, and delivers the sustainable growth to all stakeholders.
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Singha Estate currently operates in a diversified real estate and related businesses, including Residential, Commercial, Hospitality, and Industrial Estate and Infrastructure business. The company aspires to become a leading integrated real estate developer with a global presence, focusing on business diversification under the concept of SUSTAINABLE DIVERSITY.
Singha Estate was founded on 14 August 1995, under the former name of “Panichpoom Pattana Company Limited”. The main objective was to engage in property development for housing estates and condominiums. The Company later underwent a name change to Rasa Property Development Public Company Limited (“Rasa”), with listing on the Stock Exchange of Thailand (SET) since 12 April 2007, under the “RASA” ticker symbol.
Then on 12 September 2014, the Company completed its business integration, by way of entire business transfer, with group of companies under the Singha Property Management Company Limited, and Mr. Santi Bhirombhakdi. The shareholding structure also underwent change: Singha Property Management (in which Boon Rawd Brewery Company Limited holds 99.99% shares) and Mr. Santi Bhirombhakdi became the major shareholders. On the same day, the Company underwent a name change to Singha Estate Public Company Limited, which changed its ticker symbol on The Stock Exchange of Thailand from “RASA” to “S”.
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The Company’s policy for development of residential business, both high rise and low rise projects in diverse type, namely single detached houses, cluster home, home offices, and condominiums, to satisfy the needs of upper-tier customers under diverse brands, encompassing various segments within the luxury market.
Commercial Properties, which include shopping centers and office buildings, hold high growth potential and high returns on investment. Core revenue from this business includes space rents, service charge for utility, security systems, and other service fees.
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The Company’s hospitality business is operated by S Hotels & Resorts (SHR), the Company’s subsidiary which is listed company on the SET in November 2019.
SHR is a fast-growing holding company that engages in the management of hotels and resorts and investments in international locations. We have a unique portfolio of properties in desirable global tourism destinations.
In June 2024, S Hotels & Resorts owns a total of 37 hotels with a total of 4,393 keys in top tourist destination variedly in 3 regions, 5 countries such as The Republic of Maldives, The Republic of Fiji, The Republic of Mauritius, The United Kingdom, and Thailand, all of which are attracting diverse numbers of tourists worldwide.
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The Company’s visions and goals are to be the leading real estate developer and intend to expand its real estate business to industrial estate and infrastructure business under the management of S.IF.
This strategic expansion aims to diversify our business portfolio, enhance recurring revenue streams, and achieve a balanced revenue mix between corporate and end-user customers. This will strengthen our position as an integrated leader in real estate development.
S.IF. is the operator of industrial estate and infrastructures and one of Singha Estate’s major businesses. We operate various business operations ranging from electricity generation, related power, engineering solution, to other innovation services. These operations aim to eventually drive business not only to serve basic infrastructure needs in the industrial sector and society but also build investment opportunities, capability, and competitiveness for our customers. With modern technologies and innovations for the development of project, they come together with environmentally friendly operation and growth that will grow along with the society constantly and sustainably in accordance with Singha Estate’s sustainable development policy.
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Singha Estate's policy is to pay dividends at no less than 40% of the net profits after deducting juristic person income tax, legal reserves, and other provisions. Dividends are subject to change with performance outcomes, business expansion plans, liquidity, necessity, and other suitable future factors. The Board is authorized to decide on this matter in the best interests of the shareholders.
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Typically, the Company's annual meeting is held in April. The invitation to each shareholders' meeting is posted in the Investor Relations section.
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Quarterly financial results are typically released within 45 days following the close of the fiscal quarter and about 60 days following the close of the fiscal year. For specific quarters, the financial calendar is posted on the NEWS & EVENTS of the Investor Relations section. Press releases on earnings announcements and quarterly Management Discussion and Analysis are also posted on the Investor Relations section of the website.
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Singha Estate is ranked a 5-star rating or ‘Excellent’ score on the Corporate Governance Report (CGR) by the Thai Institute of Directors (IOD) in collaboration with the Stock Exchange of Thailand (SET). This reflects upon its business operations which is responsible, transparent, and places great importance on all stakeholders as stated in its philosophy to strike a balance between business excellence and community and environmental sustainability.
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The Company is moving forward by building a strong and sustainable profit foundation through quality- driven operations across four core business segments:
- Residential
- Hospitality
- Commercial
- Industrial Estate and Infrastructure
This is achieved through three key strategies:
- Strengthen the profit engine
- Scaling through partnerships
- Strong funding capability
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Singha Estate is proactively driving sustainability efforts under the ethos of its "Go Beyond Dreams" vision, guided by the strategic approach of "Go Exceed, Go Exist", which encompasses three main pillars.
Climate Resilience: Setting targets for greenhouse gas emissions in alignment with Thailand's Nationally Determined Contribution (NDC), aiming for a 40% reduction to achieve carbon neutrality.
Nature-Based Solutions: Focusing on biodiversity conservation, encompassing both terrestrial and marine ecosystems, and adhering to IUCN Green List Standards. These solutions aim to prevent, mitigate, restore, and compensate for environmental impacts on biodiversity.
Enriching Society: Serving as a central hub for cultivating quality communities through more than 30 projects, impacting over 100,000 individuals across operations in 5 countries and diverse business sectors.