NovAsia

SC Asset

SC Asset gives buyers a public disclosure trail beyond individual project marketing: the company is listed on the Stock Exchange of Thailand under ticker SC. It was established on 8 August 1989 and listed on 13 November 2003. Residential development remains the core business, while the wider group is also building recurring-income property and newer service businesses. That does not remove project-level risk, but it gives a buyer more corporate information to review than is available with many private developers.

Bangkok · 1 linked project

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

Overview

SC Asset gives buyers a public disclosure trail beyond individual project marketing: the company is listed on the Stock Exchange of Thailand under ticker SC. It was established on 8 August 1989 and listed on 13 November 2003. Residential development remains the core business, while the wider group is also building recurring-income property and newer service businesses. That does not remove project-level risk, but it gives a buyer more corporate information to review than is available with many private developers.

Track record

For 2025, SC Asset reported THB20.348 billion of presales and THB20.233 billion of operating revenue. It launched 15 projects with a combined stated value of THB28.1 billion and ended the year with 92 active projects worth THB73.5 billion. Landed housing represented 85% of that active portfolio and condominiums 15%, with more than 70% of the landed segment consisting of homes priced above THB10 million. The figures point to a large operating platform with a pronounced bias toward family-oriented and higher-priced landed housing.

Segments and prices

SC Asset covers a broad price range, but its centre of gravity is the mid- to upper-income market. TRIS Rating described detached-house pricing at roughly THB4 million to THB400 million per unit, townhouses at THB2-12 million and home offices at THB8-50 million. Condominium positioning ranged from around THB100,000-130,000 per sq.m. in more accessible brands to THB200,000-250,000 per sq.m. and above in higher-end schemes. These are segment benchmarks rather than a live price list, so a buyer should verify the current unit-specific offer.

Geography

SC Asset's residential focus is Bangkok and the wider Bangkok Metropolitan Area. Independent rating material describes that as the company's core market, while current SC Asset pages show landed developments extending into Rangsit and Pathum Thani and luxury housing around Krung Thep Kritha. The practical point for a buyer is that the same developer operates across very different location types, from urban condominium markets to suburban family housing, so transport, future infrastructure and everyday accessibility need to be judged project by project.

Reliability and public record

Two features make SC Asset easier to diligence at corporate level: listed-company disclosure and external credit analysis. On 10 June 2026, ThaiBMA carried a TRIS Rating notice assigning BBB+ to a proposed senior unsecured SC debt issue; earlier TRIS and company disclosures carried a Stable outlook. SC also reported an interest-bearing debt-to-equity ratio of 1.29x at the end of 2025. These indicators are useful for assessing the company, but a credit rating is not a guarantee of construction quality, completion timing or performance under a particular sale contract.

What to verify

With a large listed developer, due diligence should move from the group level down to the exact project entity. Match the seller named in the contract to SC Asset or the relevant project company, and confirm who owns the land and carries the contractual obligations. For a condominium, check construction and approval status, handover terms, the exact unit specification, transfer costs and foreign-quota availability at the time of purchase. For landed housing, a foreign buyer should separately confirm the legally available ownership structure rather than assuming terms marketed to Thai buyers apply unchanged. If the development is a joint venture, identify which entity is responsible for the contract, payment flow and after-sales obligations. Before making a large payment, review the latest exchange disclosures and financial statements rather than relying on brand recognition alone.

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.

COBE Ladprao–SutthisanThailand
Condominium

COBE Ladprao–Sutthisan

Bangkok
SC Asset
Based on developer materialUnder construction
Low-rise residential condominium with separate retail building · 8 floors · 684 units
From 1,990,000 THBAvailability and price confirmed personallyFrom THB 1.99M in DDProperty’s current project listing range on 20 Aug 2026. This is a lower market anchor rather than a guaranteed price for a specific home: SC Asset’s Thai project page showed a THB 2.09M starting point on the same date, so the chosen unit, availability, tenure and final commercial terms need a separate check.
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Frequently asked questions

Is SC Asset a listed company?

Yes. SC Asset Corporation Public Company Limited is listed on the Stock Exchange of Thailand under ticker SC, with a listing date of 13 November 2003.

Which housing segment does SC Asset focus on?

The main emphasis is the mid- to upper-income market, particularly landed housing. In SC Asset's 2025 disclosure, landed projects accounted for 85% of the active portfolio, and more than 70% of that segment consisted of homes priced above THB10 million.

Does SC Asset develop condominiums or mainly houses?

It develops both, but the mix is clearly weighted toward landed housing. At the end of 2025, SC Asset reported an active portfolio split of 85% landed projects and 15% condominiums.

Does a BBB+ rating mean buying from SC Asset is safe?

No. The rating addresses the credit risk of the company or its debt instruments and is useful as one financial indicator. It does not replace checks on the sale contract, project entity, approvals, handover schedule or the specific property.

Where is SC Asset mainly active?

Its core residential market is Bangkok and the wider metropolitan area. Within that market, the company operates across both urban condominium locations and suburban landed housing, so location quality should be assessed at the address level rather than inferred from the developer brand.

What should I verify before reserving an SC Asset property?

Check the selling entity, land and project rights, approvals and construction status, the specification of the selected property, payment and handover schedule, transfer costs and refund terms. A foreign buyer should also verify the legally available ownership route and, for a condominium, foreign-quota availability at the time of purchase.

Sources

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

  1. The Stock Exchange of Thailand · Stock Exchange of Thailand — SC factsheet · 24.08.2026
  2. SETLink / SC Asset Corporation Public Company Limited · SC Asset — 2025 listed-company snapshot on SETLink · 24.08.2026
  3. SC Asset Corporation Public Company Limited · SC Asset — business structure · 24.08.2026
  4. TRIS Rating · TRIS Rating — SC Asset review dated 31 October 2025, including market positioning and price ranges · 24.08.2026
  5. Thai Bond Market Association · ThaiBMA — SC Asset bond-rating notice dated 10 June 2026 · 24.08.2026
  6. SC Asset Corporation Public Company Limited · SC Asset — residential projects in Rangsit and Pathum Thani · 24.08.2026
  7. SC Asset Corporation Public Company Limited · SC Asset — housing in Krung Thep Kritha · 24.08.2026