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Real Estate

Eastern Seaboard Residential Joint Venture

A low-rise residential development on Thailand's Eastern Seaboard, developed with a Bangkok partner serving the industrial corridor's professional workforce.

312
Residential units
92%
Phase one sold
2027
Phase two completion

Overview

The joint venture was formed in 2022 with a Bangkok developer our partner has known for over a decade. The site sits within the Eastern Economic Corridor, an hour from the deep-sea port at Laem Chabang and within commuting distance of the automotive and electronics plants that anchor the region's employment.

The scheme is deliberately unglamorous: 312 units across eight low-rise blocks, priced for local professional buyers rather than foreign speculators, with a clubhouse, pool and managed estate services. Phase one of 148 units completed in 2025 and is 92% sold; phase two is under construction with completion scheduled for 2027.

We provide capital and governance; our partner provides land, permits and construction management. Pricing, budget and handover decisions require both parties' approval.

Highlights

  • 312 units across two phases within the Eastern Economic Corridor
  • Phase one completed 2025, 92% sold
  • Priced for local end-users, not offshore speculation
  • Joint approval rights over budget, pricing and handover

Investment facts

Sector
Real Estate
Position
Joint venture
Holding
45%
Invested since
2022
Geography
Chonburi, Thailand
Our role
Capital partner; joint approval over budget, pricing and handover

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Eastern Seaboard Residential Joint Venture