SC Asset Secures 4.65 Billion Baht Loan for New Riverside Condo Project

SC Asset Corporation (SC) has announced that it secured a 4.65 billion baht loan from Bangkok Bank (BBL) to support the development of its latest mega-project, 'Reference BAIE River Bangpho'. This condominium complex, valued at 11 billion baht, marks the company's first residential development situated along the Chao Phraya River. Kanokorn Limkamnerd, Managing Director of SC’s High-Rise Property Development and International Customer Group, stated that the financial backing from Bangkok Bank reflects confidence in the company’s organizational strength and its capacity to manage large-scale projects. For residents and potential investors, this development highlights the ongoing urban expansion in the Bangpho area, which is increasingly being positioned as a prime location for luxury riverside living. The project aims to leverage the unique appeal of the Chao Phraya waterfront to attract both domestic and international interest. While the financing is confirmed, further details regarding the project's construction timeline and specific completion dates remain to be announced by the developer. This investment underscores the continued growth of the high-end real estate sector in Bangkok, signaling significant development activity in the riverside districts.