MUANG THAI REAL ESTATE PUBLIC COMPANY LIMITED. was established in 1998 with a registered capital of Baht 1 million. At that time, the principle business purpose of MUANG THAI REAL ESTATE was to develop office buildings, residential condominium, and serviced apartments, as well as to offer properties management services.

In 2004, MUANG THAI REAL ESTATE now with a registered capital of Baht 4.830 billion and with Kasikorn Bank as a major shareholder, mainly focusses in the property management of office buildings, residential condominiums and serviced apartments in Bangkok, and in the development of high standard hotels and housing projects in Chiang Mai and Mae Hong Son, both in northern Thailand.

Development Chronology

1988 MUANG THAI REAL ESTATE was established with registered capital of Baht 1 million.
1989MUANG THAI REAL ESTATE launches its first serviced apartment project on Ploenchit Road in Bangkok, "LANG SUAN BALCONY" with an investment of Baht 80 million.

MUANG THAI REAL ESTATE established wholly owned subsidiary, Phatra Complex Co., Ltd. with its business purpose of providing services for Building Management.
1990MUANG THAI REAL ESTATE launches "MUANG THAI PHATRA COMPLEX" , twin 35-story office buildings, on Ratchadapisek Road, Bangkok, with an investment of Baht 4 billion. The in additional to commercial office space, the complex includes a shopping plaza, fitness centre, and one residential condominium.
1990  MUANG THAI REAL ESTATE became a professional real estate consultant in high rise residential condominium with the "BAAN HAAD U-THONG" project in HUA HIN.
1992MUANG THAI REAL ESTATE increases its registered capital to Baht 125 million with the Lamam family as a major shareholder.
1993  MUANG THAI REAL ESTATE joins other partners to develop a high rise residential condominium on Ratchadamri Road, Bangkok, "BAAN SOMTAVIL", with an investment of Baht 600 million.
1994 MUANG THAI REAL ESTATE increases its registered capital to Baht 800 million (Baht 640 million in paid-up capital) and registers as a limited public company.
1994   MUANG THAI REAL ESTATE invests in "NEW HOUSE SERVICED APARTMENTS" on Ploenchit Road, Bangkok, for long term rental revenue.
1996 

MUANG THAI REAL ESTATE acts a professional consultant to "BAAN YUPPAYONG" residential condominium project on Ramkamhaeng Road, Bangkok.

In the same year MUANG THAI REAL ESTATE invested in high rise residential project in Pattaya called Baan Haad U-Thong condominium.

1996  MUANG THAI REAL ESTATE increases its registered capital to Baht 960 million.
1997-2001MUANG THAI REAL ESTATE launches a well known hotel, "BELLE VILLA RESORT & BAAN MON MUAN JAI 1", in Chiangmai, northern Thailand.
1997-2001MUANG THAI REAL ESTATE launches the "BAAN RUANG KHAO" residential condominium project on Rajburana Road, Bangkok.
1997-2001As Thailand faces its financial and currency crisis, Phatra is one of the few real estate companies having completed its debt restructuring process, with its new registered capital increased to Baht 4.830 billion and Kasikorn Bank becoming a major shareholder.
2002-2003  MUANG THAI REAL ESTATE launches its second luxury resort "BELLE VILLA PAI" in Mae Hong Son, northern Thailand.
2003 A new housing project, "BAAN MON MUAN JAI 2", is being launched in late 2003. Using the concept "your home in the valley", the project is being developed in Chiangmai, northern Thailand.

   

  

   

 

   

 

  

 

  

 

 

 

  

   

 

 

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MUANG THAI REAL ESTATE PUBLIC COMPANY LIMITED.
252/6 Muangthai-Phatra Condominium, 7/F
Rachadaphisek Road, Huaykwang, Bangkok 10310
Tel: 0-2693-3990-9, Fax: 0-2693-3950