The stock prices of major construction companies have shown an upward trend, led by Sino-Thai Engineering and Construction Public Company Limited (SET: STECON), in response to the “Homes for Thais” project.
The share price of STECON hit THB 7.00 per share, an increase of 0.80 baht or 12.90%, while CH. Karnchang Public Company Limited (SET: CK) saw its stock price rise to THB 14.40 per share, up by 0.40 baht or 2.86%.
According to a research note from Krungsri Securities, the Ministry of Transport has proposed utilizing Thai Railway (SRT) land for four projects under the “Homes for Thais” initiative. These projects include areas around the Kilometer 11 project in Bangkok, around Thonburi (Siriraj) Station in Bangkok, Chiang Mai Station, and Chiang Rak Station in Pathum Thani. Positive sentiment is expected to benefit construction companies such as STECON, CK, and Pylon Public Company Limited (SET: PYLON).
The “Homes for Thais” project aims to provide high-quality housing in prime locations, conveniently situated near public transportation such as the BTS (Bangkok Mass Transit System). Designed as a first-home initiative, the project offers an affordable payment plan, allowing residents to pay approximately 4,000 baht per month over a 30-year period. Additionally, participants are granted a 99-year leasehold, ensuring long-term residency and stability.
