NovAsia

Mida Group / Mida Assets

Real estate is only one part of Mida Assets Public Company Limited. The group began in 1991 as an electrical-appliance business and later expanded into hire purchase, finance, hotels, golf and other activities. Its shares have traded on the Stock Exchange of Thailand since 17 July 2003 under ticker MIDA. Mida dates its property-development business to 2009, with Mida Property Co., Ltd. among the group's development vehicles. For a buyer, listed-company status provides a useful public trail of financial statements and material disclosures, but Pattaya transactions still require project-level legal checking: the two Panora developments do not use exactly the same project-owner structure.

Pattaya · 2 linked projects

A company name is not a recommendation. Check the project company, contract and selected unit before reservation.

Overview

Real estate is only one part of Mida Assets Public Company Limited. The group began in 1991 as an electrical-appliance business and later expanded into hire purchase, finance, hotels, golf and other activities. Its shares have traded on the Stock Exchange of Thailand since 17 July 2003 under ticker MIDA. Mida dates its property-development business to 2009, with Mida Property Co., Ltd. among the group's development vehicles. For a buyer, listed-company status provides a useful public trail of financial statements and material disclosures, but Pattaya transactions still require project-level legal checking: the two Panora developments do not use exactly the same project-owner structure.

Track record

Mida's property record predates its Pattaya projects. The group says its development business has operated since 2009, with projects in Bangkok, Nakhon Pathom, Ratchaburi and Kanchanaburi. Its first major Pattaya condominium was The Panora Pattaya on Pratumnak. Thailand's Smart EIA Plus database names Mida Property Co., Ltd. as project owner and records environmental approval dated 4 June 2019; independent project databases place completion in 2022. The second Pattaya scheme, The Panora Estuaria in Na Jomtien, is held directly by Mida Assets Public Company Limited. Its government record shows original EIA approval dated 2 June 2021 and an approved project amendment dated 25 December 2025; on the access date the registry still described the project as construction-permitted and under construction. The official Estuaria site states 264 residential units across four low-rise buildings.

Segments and prices

Both Panora projects sit in Pattaya's upper coastal segment, but they use different formats. The Panora Pattaya is a high-rise Pratumnak condominium with studios, one-bedroom and two-bedroom units, while The Panora Estuaria is a low-rise beachfront scheme in Na Jomtien ranging from roughly 32 sq.m. apartments to a 282.58 sq.m. duplex penthouse. No single current developer price list was found on Mida's official public pages. Independent August 2026 listings showed Estuaria entry points around THB 4.0–5.0 million and completed Panora Pattaya units from roughly THB 4.5–5.5 million, but those listings can mix developer stock with resale inventory. A portal's lowest price should therefore not be treated as the transaction price for a chosen unit; request a fresh availability sheet stating quota, area, floor, furniture, payment schedule and all compulsory charges.

Geography

Within the current NovAsia catalogue, Mida has two developments in the wider Pattaya market, but they occupy different Chonburi submarkets. The Panora Pattaya is on Pratumnak in Nong Prue, Bang Lamung; the government environmental record specifies Pratumnak Soi 5. The Panora Estuaria lies farther south at Na Jomtien Soi 22 in the Baan Amphur area of Sattahip, directly on the coast. These are not simply two versions of the same location: Pratumnak is closer to Pattaya's urban core, while Baan Amphur and Na Jomtien have a more resort-oriented, less central setting. The wider group has property activity in other Thai provinces, but these two schemes form its verified Pattaya footprint in this profile.

Reliability and public record

Mida offers a meaningful due-diligence advantage: it is a listed company with recurring disclosure through the Stock Exchange of Thailand and the Thai SEC. The numbers also show why a listing should not be turned into a simple 'reliable' label. Mida Assets reported a 2025 net loss attributable to owners of the parent of THB 422.274 million. For the first six months of 2026, the result improved to net profit of THB 68.804 million, including THB 80.058 million in the second quarter. That is a clear improvement from the loss recorded in the first half of 2025, but a buyer making a large off-plan commitment should still review the latest balance sheet, cash flow and liabilities alongside the project's own status. Both Panora schemes also have a traceable record in Thailand's environmental-approval system, although the legal project owner differs: Mida Property Co., Ltd. for the first Panora and Mida Assets Public Company Limited for Estuaria.

What to verify

With Mida, due diligence should begin by separating the group, the marketing brand and the legal project owner. For The Panora Pattaya, Smart EIA Plus names Mida Property Co., Ltd., registration number 0105544042887, as project owner, while the current Panora marketing page identifies Mida Assets Public Company Limited as developer; the sale contract should make clear which entity is actually selling the unit and on what legal basis. For The Panora Estuaria, the government record names Mida Assets itself as owner, so the contract, land documents and receiving bank account should either align with that structure or have a documented explanation. Estuaria also requires an approval-version check: the original EIA was approved in 2021 and a project amendment was approved in December 2025. Because the government registry still described construction as ongoing on the access date, any advertised 2026 handover should be confirmed against current physical progress, completion permits and condominium registration. Foreign buyers should obtain written confirmation that the exact unit is available within the foreign freehold quota and verify the remittance route needed for registration. At completed Panora Pattaya, the focus shifts partly from developer documents to the condominium juristic person's finances, common-property condition, sinking fund, recurring fees and operating history since completion in 2022.

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.

The Panora EstuariaThailand
Condominium

The Panora Estuaria

Pattaya
Mida Assets
Based on developer materialCompleted
Beachfront low-rise residential condominium · 8 floors · 264 units
From 3,990,000 THBAvailability and price confirmed personallyFrom THB 3.99M in an active PropertyHub listing on 17 August 2026. This is a lower market anchor; ownership quota, actual availability, unit condition and transaction terms need separate confirmation with a specialist.
AskOpen
The Panora PattayaThailand
Condominium

The Panora Pattaya

Pattaya
Mida Property Co., Ltd.
Based on developer materialCompleted
Residential high-rise · 38 floors · 342 units
From 4,500,000 THBAvailability and price confirmed personallyFrom THB 4.5M in an active PropertyHub listing updated on 22 August 2026. This is a lower resale-market anchor, not a fixed project price; availability, unit condition, ownership form and final deal terms need to be confirmed separately.
AskOpen

Frequently asked questions

Is Mida Assets a listed company?

Yes. Mida Assets Public Company Limited was established on 12 September 1991 and has traded on the Stock Exchange of Thailand since 17 July 2003 under ticker MIDA. That gives buyers access to recurring financial disclosures, but it does not replace project- and contract-level due diligence.

Are Mida Assets and Mida Property the same legal entity?

No. Mida Assets Public Company Limited is the listed group company, while Mida Property Co., Ltd. is a separate legal entity. Smart EIA Plus names Mida Property as owner of The Panora Pattaya and Mida Assets as owner of The Panora Estuaria.

When did Mida enter property development?

Mida's official website dates the start of its property-development business to 2009. The Mida Property Co., Ltd. legal entity itself was incorporated earlier, on 9 May 2001. Incorporation date and the stated start of development operations are different facts.

Is The Panora Pattaya completed?

Yes. Current independent project databases identify the building as completed in 2022 and ready for occupancy. The government environmental registry records project approval in 2019. For a completed-unit purchase, due diligence should now focus less on construction timing and more on the unit title and the condominium's operating condition.

What is the current status of The Panora Estuaria?

The official project site states 264 residences across four buildings in Na Jomtien. Smart EIA Plus shows original environmental approval dated 2 June 2021 and an approved amendment dated 25 December 2025; on the access date the government record still described construction as ongoing. Several current market sources cite Q4 2026 handover, so that timing should be confirmed directly against project documents before a substantial payment is made.

What do Mida's latest financial results show?

After a net loss of THB 422.274 million for 2025, the group reported net profit of THB 68.804 million for the first six months of 2026. Second-quarter 2026 profit was THB 80.058 million. This is an improvement, but an off-plan buyer should review the full current financial picture and liabilities rather than a single quarter in isolation.

Sources

Sources are named for independent checking. NovAsia does not publish outbound links.

  1. Stock Exchange of Thailand · MIDA Factsheet — Stock Exchange of Thailand · 24.08.2026
  2. Securities and Exchange Commission, Thailand · Mida Assets Public Company Limited — Company Profile · 24.08.2026
  3. Mida Assets Public Company Limited · Mida Assets — Corporate History · 24.08.2026
  4. Mida Assets Public Company Limited · Mida Property — Real Estate Development Portfolio · 24.08.2026
  5. Stock Exchange of Thailand · MIDA Financial Performance 2025 · 24.08.2026
  6. Stock Exchange of Thailand · MIDA Q2 and 6M 2026 Financial Performance · 24.08.2026
  7. The Panora / Mida Assets · The Panora Pattaya — Official Project Information · 24.08.2026
  8. Smart EIA Plus, Office of Natural Resources and Environmental Policy and Planning · The Panora Pattaya — Project Owner and EIA Approval · 24.08.2026
  9. Smart EIA Plus, Office of Natural Resources and Environmental Policy and Planning · Mida Property Co., Ltd. — Government Project-Owner Record · 24.08.2026
  10. Mida Assets Public Company Limited · The Panora Estuaria — Official Project Information · 24.08.2026
  11. Smart EIA Plus, Office of Natural Resources and Environmental Policy and Planning · The Panora Baan-Amphur — EIA Approval and Project Amendment · 24.08.2026
  12. PropertyHub · The Panora Pattaya — Current Market Listings · 24.08.2026
  13. PropertyHub · The Panora Estuaria — Current Market Listings · 24.08.2026