SC Asset Secures 4.65B Baht Loan for Chao Phraya Condo Project
SC Asset has secured a 4.65 billion baht loan from Bangkok Bank to develop its first Chao Phraya riverside condominium, the 11-billion-baht Reference BAIE River Bangpho project. The 13-rai development near Bang Pho MRT station will feature three towers with 1,742 units and extensive wellness facilities. Construction is set to begin in early 2027, with completion targeted for late 2029.
SC Asset Corporation (SC) is moving forward with an 11-billion-baht mega-project backed by a 4.65-billion-baht loan from Bangkok Bank (BBL), reinforcing the potential of its condominium business. "Reference BAIE River Bangpho," SC's first Chao Phraya riverside condominium project, is being developed on approximately 13 rai of land just 450 metres from the Bang Pho MRT station. Built under the "Cruise Collection: The Art of Vacation" concept, the project consists of three residential towers totalling 1,742 units with prices starting at 2.89 million baht. These include the 53-storey Riviera, the 52-storey The Horizon, and the 10-storey Panorama — all pet-friendly — alongside more than 12,800 square metres of common areas designed under the "Designed for Everyday Wellness" concept covering both physical and mental well-being.
Kanokorn Limkamnerd, Managing Director of the High-Rise Property Development and Foreign Customer Business Group at SC, said the loan facility from Bangkok Bank signals strong confidence in SC's organizational strength, management capability, and readiness to develop large-scale projects. She expressed certainty that the Chao Phraya riverside location and Bang Pho's growth prospects will drive success. To date, cumulative sales have surpassed 3 billion baht. Construction is scheduled to commence in the first quarter of 2027, with completion expected in the fourth quarter of 2029.
