Swire Properties announced that it has acquired a 40% interest in a site located on Wireless Road in Bangkok, one of the city's most prestigious addresses, for residential development. The interest was purchased from HKR International Limited for a consideration of THB 2.4 billion (around HKD 570 million). This acquisition marks Swire Properties' first investment in the Bangkok property market.

The Company plans to develop the site, located in the prime Lumphini sub-district in Pathum Wan District, into a luxury condominium project, in partnership with renowned local developer City Realty Co. Ltd. With a site area of 12,666 sqm (approximately 3,166 square wah), the site enjoys an unrivalled location in the core CBD area of Bangkok and the project will have open views of both Lumphini and Benjakitti parks. Situated adjacent to Lumphini park, the site is conveniently located close to upscale shopping malls, international schools, five-star hotels and embassies.

In 2022, Swire Properties announced plans to invest a total of HKD 100 billion in its core markets, including South East Asia, Hong Kong and the Chinese Mainland, to drive the Company's future growth over the next 10 years. Around 20% of the funds will be allocated to residential trading opportunities in these markets. In addition to Bangkok, Swire Properties also has several residential projects currently under development in key cities in South East Asia, including Ho Chi Minh City in Vietnam and Jakarta in Indonesia.

In Singapore, the Company has completed the development of EDEN, an ultra-luxury residential project designed by Thomas Heatherwick from Heatherwick Studio. All 20 apartments in the project were sold for an aggregate of SGD 293 million in March 2021.