Ustanu Mahagitsiri, the heiress of the Mahagitsiri Orphanage, the 11th richest person in Thailand with a fortune of $2,300 billion, is active in the real estate market.
In June 2022, Thoresen Thai Agencies or TTA was listed on the Thai Stock Exchange as a subsidiary. There is an obligation to invest together with a partner from Japan, Kanden Realty and Development (KRD), to create a joint venture in which TTA owns 60% of the shares and KRD 40%.
The company focuses on the construction of luxury condominiums in the best locations. The project is called 125 Sathorn, the project cost is 8 billion baht.
More exciting stories are happening under the real estate brand The Best Property.7 projects with a total cost of 12.3 billion baht:
- The Nest Sukhumvit 22 condominium, project cost 1.26 billion baht
- The Best Sukhumvit 64 worth 1.24 billion baht
- The Best Sukhumvit 71 worth 1.8 billion baht
- The Nest Chula Samyang 1.5 billion baht
Along with 3 low-rise housing projects, namely:
- Airy Srinakarin - Krungthep Kreetha, the project cost is 2.5 billion baht, delivery of the project on February 8, 2023
- Airy Srinakarin - Suan Luang worth 1.2 billion baht
- Avian Srinakarin - Krungthep Kreetha worth 2.7 billion baht