Name

MK Real Estate Development

Legal name

M.K. Real Estate Development Plc. (บริษัท มั่นคงเคหะการ จำกัด (มหาชน))

Website

https://mk.co.th

Company type

Public

Founded year

1960

Operating status

Operating

Headcount range

101–250 employees

Ownership category

akta.pro rank

Product category

Residential Real Estate Development

NAICS

New Housing For-Sale Builders (236117), Real Estate Property Managers (53131)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)

Keywords

• Residential real estate
• Property development
• Housing construction
• Condominium development
• Property management

Headquarters

HQ city

Bang Rak

HQ country

Thailand

HQ region

Asia

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. Property Development for Sale: Primary revenue stream from developing and selling residential properties including single houses, twin houses, and townhomes across Bangkok metropolitan area and suburbs. Revenue from 2015 was 3,749 million baht from development and rental services.
2. Rental and Service Income: Revenue from rental properties including Chuan Cheung Golf Club and office buildings for rent. Also includes revenue from property management services.
3. Property Management Services: Through subsidiary Yours Property Management Co., Ltd., providing property management services to both MK projects and external properties
4. Land Sales: Revenue from sale of land parcels, contributing to overall company income

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels8 records

Core offering

M.K. Real Estate Development develops and sells residential housing under the Chuan Chuen (ชวนชื่น) brand across the Bangkok metropolitan area, including single-family detached houses, semi-detached duplex houses, and townhomes at various price points. The company also develops the premium Park Court Sukhumvit 77 condominium and provides post-sale property management services through its wholly-owned subsidiary Yours Property Management Co., Ltd.

Product overview

MK Real Estate Development (มั่นคงเคหะการ) operates as a residential real estate developer offering a portfolio of housing products under the ชวนชื่น (Chuan Chuen) brand. The portfolio includes single-family detached houses, duplex/twin houses, and townhouses across the Bangkok metropolitan area, along with the premium condominium Park Court Sukhumvit 77. The company also provides property management services through its subsidiary Yours Property Management. Products range in price from approximately 2-30+ million THB, targeting various customer segments from first-time homebuyers to families seeking premium residences.

Differentiator

Problem solved

Functional benefit

Brands

• ชวนชื่น (Chuan Chuen): Primary residential housing brand offering single houses, townhouses, and duplex/semi-detached homes across Bangkok and periphery locations including Rama 5, Bang Na, Bang Yai, Rangsit, and other key areas.
• Park Court Sukhumvit 77

Products and services

• Chuan Chuen (ชวนชื่น) Single Houses Single-family detached houses under the Chuan Chuen brand available in multiple Bangkok metropolitan locations including Bang Na, Ram Intra, Pathum Thani, Charoen Nakhon, Bang Bon, and Ratchaphruek Rama 5, with modern designs, Triple Security System, AIS fibre optic internet, and smart home features. Prices range from premium tiers starting at 8.9 million THB (Chuan Cheung Grand Ratchaphruek Rama 5) to over 30 million THB for ultra-premium projects.
• Chuan Chuen (ชวนชื่น) Duplex Houses (บ้านแฝด) Semi-detached twin houses under the Chuan Chuen brand featuring 2-story duplex designs in modern style, located in Vibhavadi Rangsit, Kanchana Bang Yai, On Nuch Wong Waen, and Pin Klao Kanchana areas. Mid-range pricing between 4-7 million THB, suitable for small families seeking spacious community living.
• Chuan Chuen (ชวนชื่น) Townhouses (ทาวน์โฮม) Townhouses under the Chuan Chuen brand with 2-story modern designs, available at Kanchana Bang Yai, Ratchaphruek Bang Bua Thong, Rangsit, Chaiyaphruek Chaeng Watthana, Bang Na, and On Nuch Wong Waen. Entry-level pricing from 2-4 million THB, including Chuan Cheung Town Kanchanaburi-Bang Yai starting at 2.39-2.99 million THB, targeting first-time homebuyers and young families.
• Park Court Sukhumvit 77 (คอนโดมิเนียม) Premium condominium development on over 7 rai of land in the T77 community on Sukhumvit 77, featuring 70 exclusive fully furnished 3-bedroom units with high ceilings, balconies, natural views, swimming pool, fitness room, multi-purpose room with kids club, and 24-hour security. Available for sale and monthly rental at 130,000 THB per month. Targeted at urban professionals and luxury buyers in central Bangkok.
• Yours Property Management (ยัวร์ส พร็อพเพอร์ตี้ แมเนจเม้นท์) Wholly-owned subsidiary providing post-sale property management services including accounting, engineering systems, security and cleanliness, office management, and community relations. Initially manages 7 MK residential projects and external properties, targeting 15-20% annual growth. Serves both M.K. Real Estate Development projects and external residential and commercial properties.
• Propc Development (Prospect Development Co., Ltd.) - Warehouses and Factories for Rent Wholly-owned subsidiary developing warehouses and factories for rent in industrial zones and customs-free areas, contributing to MK's rental and service revenue stream. Provides industrial property rental offerings to B2B customers including logistics and manufacturing tenants.

Quantifiable outcome

• 25% increase in sales to 2,500 million baht in 2015
• +3 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Yours Property Management Co., Ltd. (ยัวร์ส พร็อพเพอร์ตี้ แมเนจเม้นท์ จำกัด)coreStrategic or Co-development Partner · 21 July 2016Subsidiary company established by MK Real Estate to provide professional property management services. Initially manages 7 MK projects and external properties, targeting 15-20% annual growth. Provides comprehensive property services including accounting, engineering, security, cleaning, and community relations for both residential and commercial properties.
• Propc Development Co., Ltd. (บริษัท พรอสเพค ดีเวลลอปเมนท์ จำกัด)minorStrategic or Co-development PartnerSubsidiary developing warehouses and factories for rent in industrial zones and customs-free areas, contributing to MK's rental and service revenue stream.
• T77 CommunityminorStrategic or Co-development PartnerPark Court Sukhumvit 77 is located within the T77 community, a premium residential development area featuring Bangkok Prep international school and Habito Mall.

Scale indicators10 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Ananda Development: Bangkok-focused condominium developer with strong urban transit-oriented portfolio near BTS/MRT stations. Ananda competes with MK's Park Court Sukhumvit 77 condominium offering in the urban premium segment, though Ananda's portfolio is almost exclusively condominium-led while MK is primarily detached housing.
• Supalai: Major Thai developer of condominiums, townhomes, and single houses, with strong Bangkok metropolitan presence. Supalai directly overlaps with MK in suburban townhome and condominium product segments, with comparable mid-market positioning and customer segments.
• Origin Property: Thai residential developer focused on condominiums and townhomes in Bangkok's transit corridors. Origin Property overlaps with MK in condominium development and suburban townhome segments, serving similar urban professional and family buyer personas.
• Sansiri: One of Thailand's largest residential developers with a broad portfolio of single houses, townhomes, and condominiums across Bangkok and key provinces. Sansiri directly competes with MK in the Bangkok metropolitan detached housing and condominium segments, serving overlapping mid-market to premium customer segments.
• Land and Houses: Thailand's largest residential developer by market cap, with extensive single-house and townhome projects across Bangkok and provinces. Land and Houses competes with MK across all product tiers in suburban Bangkok, though at materially larger scale, and represents the dominant incumbent in MK's core market.
• AP (Thailand): Major Thai residential developer focused on townhomes, single houses, and condominiums primarily in Bangkok metropolitan area. AP directly competes with MK across suburban townhome and detached house product lines, particularly in the mid-range price segment where both have strong positioning.
• Quality Houses: Long-established Thai residential developer (founded 1983) focused on single houses, townhomes, and condominiums in Bangkok suburbs. Quality Houses competes directly with MK's Chuan Chuen brand in the suburban detached housing market, with similar product positioning and price points.
• Noble Development: Bangkok-based residential developer specializing in premium and luxury condominiums, particularly in the Sukhumvit area where MK's Park Court Sukhumvit 77 is also located. Noble Development is a direct competitor to MK's premium condominium product line in central Bangkok.
• SC Asset Corporation: Thai residential developer of single houses, townhomes, and condominiums in Bangkok metropolitan area, with brand portfolio including Grand Bangkok Boulevard. SC Asset competes with MK's premium single-house projects (Chuan Chuen Grand) in Bangkok's high-end suburban corridors.
• Pruksa Real Estate: Large-scale Thai residential developer with mass-market townhome and single-house projects across Bangkok and surrounding provinces. Pruksa directly competes with MK's entry-level townhome segment (2-4M THB range), particularly in suburban growth corridors like Bang Yai and Rangsit where MK has significant project presence.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/munkongfamily
• Facebookfacebook.com/munkongfamily
• Instagraminstagram.com/munkongfamily

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries2 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MK Real Estate Development