NovAssetWise
AssetWise gives buyers a level of corporate visibility that is not available with many smaller private developers: its financial statements, exchange filings and corporate history can be checked independently of project marketing. AssetWise Public Company Limited is a holding company whose subsidiaries and joint ventures develop condominiums as well as houses, townhomes and home offices, and its shares have traded on the Stock Exchange of Thailand under the ASW ticker since 28 April 2021. The business dates back to 2005 and was converted into a public limited company in 2020. That disclosure framework is useful due-diligence material, but it does not replace checking the specific legal entity named in a project's sale contract.
A company name is not a recommendation. Check the project company, contract and selected unit before reservation.
Overview
AssetWise gives buyers a level of corporate visibility that is not available with many smaller private developers: its financial statements, exchange filings and corporate history can be checked independently of project marketing. AssetWise Public Company Limited is a holding company whose subsidiaries and joint ventures develop condominiums as well as houses, townhomes and home offices, and its shares have traded on the Stock Exchange of Thailand under the ASW ticker since 28 April 2021. The business dates back to 2005 and was converted into a public limited company in 2020. That disclosure framework is useful due-diligence material, but it does not replace checking the specific legal entity named in a project's sale contract.
Track record
AssetWise has a track record that can be reconstructed through dated corporate disclosures rather than only through its current sales catalogue. Its official history records, among other milestones, the 2020 launches of Modiz Rhyme Ramkhamhaeng and Modiz Launch, while the company's current website states that the group has created more than 80 residential projects over 21 years; the latter is a company-reported portfolio figure rather than an independent count. The scale is also visible in reported financials: consolidated 2025 revenue was THB 9,465.86 million and profit attributable to owners of the parent was THB 1,077.66 million. Reviewed results for the first six months of 2026 reported attributable profit of THB 792.47 million.
Segments and prices
AssetWise is best known for a multi-brand condominium business rather than a single product tier. TRIS Rating has described the company as strengthening its position in the middle- to lower-priced condominium segments and specifically noted the KAVE, ATMOZ and MODIZ brands among products gaining traction with university students and young professionals. There is nevertheless no meaningful group-wide price band: current marketing spans campus-oriented units advertised from THB 1.39 million through to Aquarous Jomtien Pattaya, shown on AssetWise's website from THB 4.21 million on 24 August 2026, with larger and more specialised units priced materially higher. A quoted starting price should therefore be treated as a snapshot of current inventory and promotions, not as a stable benchmark for the brand.
Geography
Bangkok and its metropolitan area remain the historical core of AssetWise, with projects built around university districts, transit corridors and established residential locations. The group has also expanded into Thailand's Eastern Economic Corridor and Pattaya: Aquarous Jomtien Pattaya in Chonburi is an AssetWise development comprising two high-rise buildings and 606 residential units. At group level the footprint extends further through Rhom Bho Property Public Company Limited, the subsidiary behind the TITLE business in Phuket. Buyers should keep the distinction between group geography and project-level contracting entities in mind, because the consumer-facing brand, project company and entity receiving purchase funds are not necessarily the same.
Reliability and public record
AssetWise offers several independently checkable indicators of corporate transparency: the ASW listing on the Stock Exchange of Thailand, recurring financial disclosures and audited annual accounts. Its 2025 financial statements carried an unqualified audit opinion, while Q2 and H1 2026 figures were released as reviewed interim results. On 13 July 2026, TRIS Rating upgraded AssetWise's corporate credit rating from BBB- to BBB and moved the outlook from Positive to Stable, an action also recorded by the Thai Bond Market Association. These are useful signals when assessing the group, but neither a stock-exchange listing nor a credit rating guarantees completion timing, construction quality, rental performance or the buyer's contractual remedies on an individual project.
What to verify
For an AssetWise purchase, the first specific to the project question is which legal entity actually develops the property and signs the sale agreement. The group operates through numerous subsidiaries, joint ventures and project companies, so the AssetWise name used in marketing may not be the contractual counterparty. On an off-plan purchase, compare the contractual handover date with the project's permits, environmental approval where applicable and published construction progress. A foreign buyer should also confirm that the selected condominium unit is available within the foreign ownership quota and obtain clear instructions for the remittance evidence required at transfer. Before paying a reservation, check what the quoted price includes, common-area and sinking-fund charges, cancellation terms, delay remedies, specification of the delivered unit and the contractual basis of any rental or management promise.
Projects in the NovAsia catalogue
This list is assembled from the project registry by the developer identifier; it is not a claim of a complete corporate portfolio.
Thailand · renderDeveloper materialsAquarous Jomtien Pattaya
Frequently asked questions
Is AssetWise a publicly listed developer?
Yes. AssetWise Public Company Limited has been listed on the Stock Exchange of Thailand since 28 April 2021 under ticker ASW. The listing provides access to exchange filings and financial statements, but buyers still need to review the individual project's contract and developer entity.
Are AssetWise and TITLE the same developer?
Not exactly. Rhom Bho Property Public Company Limited, associated with the TITLE developments in Phuket, is identified in current AssetWise disclosures as a subsidiary of the group. For a purchase, the specific project company and contractual counterparty matter more than group branding alone.
Does AssetWise develop only in Bangkok?
No. Bangkok and the metropolitan area remain central to the business, but AssetWise has also expanded into the Eastern Economic Corridor and Pattaya. The wider group additionally has a substantial Phuket presence through TITLE.
What price segment does AssetWise target?
There is no single price tier across the group. A substantial part of AssetWise's condominium business has historically competed in affordable and mid-market segments, while the company also develops higher-ticket products such as Aquarous Jomtien Pattaya. Buyers will get a more useful comparison from the specific project, unit size and current inventory than from the group name alone.
Does the SET listing make an AssetWise purchase automatically safe?
No. The SET listing makes the group's finances and material corporate events more transparent, but a buyer's rights still depend on the sale agreement, project company and property documentation. Those items require separate project-level due diligence.
Sources
Sources are named for independent checking. NovAsia does not publish outbound links.
- The Stock Exchange of Thailand · ASW Factsheet: business type, establishment and listing dates, financial-reporting status · 24.08.2026
- AssetWise Public Company Limited · AssetWise corporate history: establishment, public-company conversion and development milestones · 24.08.2026
- AssetWise Public Company Limited · AssetWise group structure and business activities · 24.08.2026
- The Stock Exchange of Thailand · 2025 results: revenue, profit and audited financial reporting · 24.08.2026
- The Stock Exchange of Thailand / AssetWise Public Company Limited · Q2 and H1 2026 operating results · 24.08.2026
- AssetWise Public Company Limited / Thai Bond Market Association · AssetWise corporate credit rating upgraded to BBB with Stable outlook, 13 July 2026 · 24.08.2026
- AssetWise Public Company Limited · Aquarous Jomtien Pattaya: project specifications, location and construction progress · 24.08.2026
- AssetWise Public Company Limited · Current AssetWise project catalogue and advertised starting prices · 24.08.2026