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Thai property developer Habitat plans to mobilise funds via IPO in 2019

Habitat Group, a Thai developer of premium property, plans to raise up to 1.5 billion baht ($46 million) in its initial public offering (IPO) scheduled for the second half of 2019.

The company will use most of the IPO proceeds to acquire more lands for new developments and nearly 20-30 per cent as working capital, Chanin Vanijwongse, CEO of Habitat Group, told DEALSTREETASIA.

Habitat Group has a registered capital of 181 million baht currently, which would be enhanced before the company looks to see nearly 20 to 25 per cent in the upcoming IPO, he added.

Vanijwongse stepped into real estate in 2004 as a personal investor before turning into a property developer by establishing Habitat Group in 2012.

Currently, Habitat has six ready-to-move and ongoing projects in Pattaya, which are designed for investments and managed for rental by professional hotel chains including X2 and Best Western.

“I chose to start developing the projects in Pattaya…

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Thai listed property developer Sansiri invests $80m in six global startups

Thai listed property developer Sansiri Pcl announced an investment of $80 million across six global technology and lifestyle companies as part of a bid to expand beyond real estate development and into the global market.

Of this, Sansiri will invest about $58 million in US-based boutique hotel chain Standard International and its mobile booking application, One Night. The Thai firm will hold a 35 per cent stake in the hospitality firm.  

The remaining include a $3.1-million stake in Tyler Brûlé’s lifestyle magazine Monocle; $6.6 million in London’s Airbnb management firm Hostmaker; $12 million in Southeast Asia’s co-working space JustCo; and $300,000 in a smart indoor farm technology firm Farmshelf, according to a Financial Times report.

Srettha Thavisin, president of Sansiri Pcl, said that the company’s investments will fo…

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Foreign investment hotspots in Asia Pacific

Cross-border real estate investment in the Asia Pacific region could achieve a record high this year as foreign investors shore up interest and seek assets in greener pastures beyond borders.

As it stands, year-to-date intra-regional cross-border transaction volumes have already exceeded the previous 10-year record high in 2015 (1Q15-3Q15) by 30 per cent, and is currently a 21.8 per cent step up from its 10-year average (2007-2016).

Singapore the main source of intra-regional capital

Chinese would be the largest group of foreign investors if inter-regional flows were part of the picture. But in the context of intra-regional capital flows (which only considers deployment within Asia Pacific), Singapore continues to dominate with year-to-date foreign investments currently standing at US$5.6 billion.

China (US$2.1 billion) and Hong Kong (US$2.9 billion) were ranked second and third respectively given a significant portion of capital are recycled between th…

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