SCB extends $537.6m credit for SC Asset’s 17 premium housing projects

The bank sees opportunities in high-potential segments in the housing market.

Siam Commercial Bank (SCB) is providing over $537.62m (THB17.6b) in credit to SC Asset group’s plan to build 17 premium residential developments.

The funds will be used in 8 ongoing projects that are currently available for sale and transfer; 3 new projects launching in 2025; and 5 future developments for 2026 onwards, according to a statement posted on the website of Thailand’s oldest bank.

SCB CEO Kris Chantanotoke said that the bank sees opportunities in high-potential segments in the housing market.

Chantanotoke highlighted affluent customers who he said, “continue to seek quality assets for both living and investment.”

“This support reaffirms our longstanding partnership with SC Asset and our shared commitment to fostering sustainable growth in the residential real estate sector,” Chantanotoke said.

The three new housing projects launching in 2025 are Grand Bangkok Boulevard Suksawat-Rama 3, Bangkok Boulevard Boromratchachonnani Sai 4, and SONLE RESIDENCES.

(US$1 = THB 32.74; as of 24 June 2025, Google, from Morningstar)