Frasers expands its regional presence

Frasers Property, the Singapore-based property developer and management company of the Sirivadhanabhakdi family, is deepening its presence in Thailand, Vietnam and Singapore to build a resilient portfolio amid an increasingly uncertain global environment.

- NAREERAT WIRIYAPONG

Panote Sirivadhanabhakdi, group chief executive, said the trade environment is increasingly uncertain and conditional, prioritising domestic value creation and compliance with stricter origin rules.

Thailand, Southeast Asia and Asia more broadly stand to benefit selectively from this transformation, he said.

"In the longer term, we are optimistic about the growth drivers, including strong demographics, urbanisation and a rising middle class, all of which support long-term consumer demand and urban development, even as near-term uncertainties in the trade and geopolitical landscape introduce new layers of complexity and cost," said Mr Panote.

But to realise this potential, stronger local ecosystems and integrated logistics will be needed, he said at a regional conference co-hosted by United Overseas Bank (UOB).

"Our strategy is built on addressing long-term fundamentals, and we are deepening our presence in our key markets such as Thailand, Vietnam and Singapore to unlock more opportunities," said Mr Panote.