ASW achieved sales of 15,287 million baht in the first 9 months of 2026, representing 83% of its full-year target, noting continued demand for campus condos and condos along electric rail lines. It expects the final stretch of the real estate market to still see positive signals from the tourism high season, and is preparing to launch a new Leisure Residences project, “The Fizz Kata”, near Kata Beach, while expanding into a new location at Karon Beach with “The Kuartz Karon” to capture demand for second homes. Confident that its Phuket portfolio and inventory management will help drive sales to the 18,500 million baht target
Mr. Kormed Viphunphong, Chief Executive Officer of Assetwise Public Company Limited (ASW), stated that amid economic challenges, ASW has maintained its strength, recording cumulative sales from housing and condominium projects in the first 9 months (Jan–Sep) of 2026 totaling more than 15,287 million baht, or 83% of its 18,500 million baht sales target
Highlights of Q3 sales partly came from newly launched projects such as WYNN Bangmod – Prachauthit, with a total value of 500 million baht, which achieved bookings of over 50% since its initial launch, as well as the Rangsit Campus Condo grand giveaway campaign—ready to move in—which received an excellent response from students, parents, investors, and first jobbers in the Rangsit area, reflecting strong demand in locations near educational institutions
“Over the past 9 months, ASW has been able to move the business forward largely according to plan, both in launching new projects and transferring ownership of completed projects. Despite the economic slowdown, there remains support from government measures and policy interest rate cuts that help reduce consumers’ installment burden. Projects that continue to receive a good response are the campus condo segment
and ASW’s condominiums along electric rail lines, which continue to firmly win the hearts of real demand buyers and investors, with strengths in common areas and functions that meet their needs, locations that appeal to the new generation at accessible prices, as well as customer trust in terms of project quality, on-time delivery, and accessible resident care and after-sales service,” said Mr. Kormed
Mr. Kormed added that for the final stretch of 2026, the flood situation is expected to potentially affect confidence in residential locations in the short term. ASW continues to monitor the situation closely and is fully deploying measures to assist and support residents as well as surrounding communities so that everyone can get through the situation together safely. Meanwhile, despite pressure from economic factors and consumer purchasing power, the real estate market still has key support from the tourism sector, which is the country’s main engine
In particular, Phuket province, a World Destination, during this year's High Season, has benefited from the launch of 4 new direct flight routes from Europe, the Middle East, and Eastern Europe starting from October onwards. However, data from the Tourism Authority of Thailand, Phuket Office, indicates that in the first 8 months, the groups of foreign travelers entering Phuket the most are still led by Russia, China, India, and Europe, which are high-potential purchasing power groups with demand for second homes and long-stay residences, which will benefit the Leisure Residences market
Meanwhile, ASW continues to launch new projects in 2026 according to the announced plan, but will consider adjusting the launch plans appropriately to the situation—stay tuned. In the near future, it is preparing to launch 3 new projects: “KAVE Bloom Kaset”, a condo campus near Kasetsart University with a total value of 1,500 million baht, in parallel with focusing on launching Leisure Residence projects in Phuket, developed by Rop Pho Property Public Company Limited (TITLE), a subsidiary company
Led by the highlight project “The Fizz Kata”, the second condominium project on Kata Beach location with a total value of 1,500 million baht—1,100 million baht, which is an extension of the success of THE KATABELLO project, along with expanding to Karon Beach for the first time with the luxury condominium project “The Kuartz Karon” with a total value of 1,400 million baht, which is expected to help drive sales toward the end of this year
“The final quarter is considered an important final stretch for the real estate market, especially in tourist cities like Phuket. ASW is therefore preparing both ready-to-move-in projects and new project launches to accommodate the demand of Thai and foreign customers who will flow in toward the end of the year, combined with the excellent response to the Leisure Residence projects earlier this year
such as the Biancana Surin project. The company may therefore consider expanding investment in launching additional new projects in Phuket, for which we have highlight projects ready to launch this High Season. We are confident that with the potential of the Phuket market, coupled with efficient Inventory management, it will be a key driving force helping ASW achieve its sales target of 18,500 million baht,” said Mr. Kormchet
