Eastern Star Real Estate Public Company Limited (ESTAR) expects its performance in the fourth quarter of 2026 to continue improving, supported by a backlog of approximately 300 million baht and a stock of ready-to-transfer projects worth around 3 billion baht, which will help boost additional sales. The company plans to launch two new projects with a total value of about 3 billion baht, comprising one low-rise project and one condominium project, located in Bangkok and Nonthaburi, with launches expected within the fourth quarter of 2026. Meanwhile, the company has adjusted its strategy to use dynamic pricing and online marketing through Facebook and TikTok to stimulate sales. It also noted that the extension of the transfer and mortgage fee reduction to 0.01% until June 30, 2027, will help stimulate demand, especially for condominiums, where ESTAR has ready-to-transfer stock worth around 2 billion baht.
Eastern Star Real Estate Public Company LimitedESTAR expects Q4 improvement on ~300M baht backlog and ~3B baht ready-to-transfer stock, plus two new project launches worth ~3B baht.
