Politics
SC Asset Reports Strong Performance for COBE Ratchada-Rama 9
SC Asset announces 90% sales at its COBE Ratchada-Rama 9 project, driven by government transfer fee incentives and foreign demand.
According to a report by Prachachat Business, property developer SC Asset has announced significant progress for its 'COBE Ratchada-Rama 9' condominium project. As of August 2026, the company reports that 90% of the units have been sold. The project began the transfer process in May, with over half of the units already transferred to owners.
SC Asset noted that the project achieved a gross profit margin of 38%. The company attributes this strong performance to two primary factors: the government's decision to extend property transfer fee reductions and a consistent demand from foreign buyers. To further enhance the living experience, the developer has introduced a new 'COBE Community' feature, aiming to position the condominium as a multifunctional space rather than just a residential unit.
For residents and potential investors, this data highlights the continued resilience of the Bangkok real estate market in key transit-oriented areas like Ratchada-Rama 9. The success of this project suggests that government incentives remain a critical driver for property transactions in the current economic climate. While the developer has provided these performance figures, observers may look for further updates on how the 'COBE Community' feature impacts long-term resident satisfaction and property value retention in the area.