What is SCX Corporation? Businesses, portfolio and structure
SCX Corporation is the recurring-income business of SC Asset Corporation PCL, operating across three property sectors in Thailand. SCX Logistics provides warehouse and factory space with a total area of 200,000 sqm. SCX Hospitality operates 3 hotels and one property under development, totaling 895 keys. SCX Working Solutions manages office properties in Bangkok, with 120,000 sqm of lettable area.
Most people arrive at that answer sideways. They are looking for a warehouse near Bangna, or an office floor on Phaholyothin, and the same name keeps turning up. So this article starts at the beginning: what SCX Corporation is, what it owns, and how it relates to SC. Every figure comes from SCX's own pages, and the company overview has the formal version.
What is SCX Corporation's relationship to SC Asset?
SCX Corporation is the recurring-income arm of SC Asset Corporation PCL, positioning itself as SC's second engine.
SC is a Thai real estate developer focused on developing and selling residential properties, generating revenue primarily at the point of handover. SCX operates a different model. It owns and leases income-generating properties, allowing the same assets to generate recurring rental income over time.
This is why the two businesses operate through separate companies. Their business models, investment timelines, and revenue cycles are fundamentally different.
The connection between the two is clearly stated in SCX's own announcements. KROMO Bangkok, for example, was launched as Hilton's first Curio Collection project with SCX, while award coverage of YANH Ratchawat identifies it as a hotel by SCX Corporation, under SC Asset.
What businesses does SCX Corporation operate in Thailand?
SCX Corporation operates three businesses, each with its own portfolio and its own leasing team.
| Business | What it leases | Portfolio today |
|---|---|---|
| SCX Logistics | Ready-built Warehouse & Factory Space with Built-to-Suit Solutions | 7 sites · 250,000 sqm of land |
| SCX Hospitality | Hotels, operated with international brands | 3 hotels · 895 keys |
| SCX Working Solutions | Office space in Bangkok | 6 towers · 120,000 sqm lettable |
All three lease rather than sell. That is the thread tying a warehouse in Bangna and across the EEC, including Laem Chabang, to office properties in Chatuchak and hotels in Bangkok and Pattaya. Tenants pay rent on an ongoing basis, while the properties continue generating income long after they are completed.
The Bangna Km.20 logistics site is located on more than 90 rai of land, with over 80,000 sqm of leasable space. Its position along the Bangna–Trad corridor connects businesses to Bangkok and key logistics and industrial hubs in the EEC, including Laem Chabang, Amata City and Rayong. This makes the location relevant for businesses seeking warehouse or factory space with access to major manufacturing, distribution and port infrastructure.
How is SCX Corporation structured?
SCX Corporation is a subsidiary of SC Asset Corporation PCL, with three operating businesses.
There is a difference between owning a hotel and running one, and it matters here. SCX owns the buildings and leases them out. The hotels are run by Hilton, IHG and Hyatt, with SCX as owner and joint-venture partner. Offices and warehouses it manages itself.
Solar power is part of SCX’s energy solutions, with rooftop solar systems available for SCX Logistics buildings. These solutions allow tenants to integrate solar energy into their operations, helping reduce reliance on conventional electricity while supporting a transition toward cleaner energy.
Head office is at No. 1010, Vibhavadi Rangsit Road, Chatuchak Sub-district, Chatuchak District, Bangkok 10900. That address is Shinawatra Tower 3, one of SCX's own towers.
Where are SCX Logistics' warehouse sites?
SCX Logistics operates seven warehouse and factory sites in Thailand: two on Bangna–Trad Road in Samut Prakan, four in Chonburi, and one in Nakhon Sawan.
The two Bangna sites sit directly east of Bangkok. SCX Logistics Bangna Km.20 covers 80,000 sqm, offers units from 1,700 to 25,000 sqm, and is ready to move into. Bangna Km.23, at Soi Wat Bua Roi, adds 17,000 sqm. Km.20 publishes the fuller specification: floor loading of 4 tons per square metre, 12 metres of clear operating height, and one loading dock and dock leveller per 1,000 sqm.
Four more sites are in Chonburi, one of the three provinces covered by the Eastern Economic Corridor. Two of them sit in Si Racha District near Laem Chabang Port, SCX Logistics Laemchabang 1 on 81,384 sqm and SCX Logistics Laemchabang 2 on 73,612.40 sqm. The other two are inside Amata City Chonburi Industrial Estate: Phase 9 on 40,000 sqm and Phase 7 on 8,000 sqm.
A seventh site sits in Nakhon Sawan, well north of both. Its leasable space is 16,000 sqm.
SCX Logistics Bangna Km.20 was SCX's first project with Tokyo Tatemono Thailand, marked with a groundbreaking ceremony in September 2024.
What is SCX Corporation's five-year roadmap?
SCX Corporation publishes a 2025–2029 roadmap with three targets: 700,000 sqm for SCX Logistics, 2,000 keys for SCX Hospitality, and 120,000 sqm for SCX Working Solutions. Alongside those, SCX says it aims to contribute over 20% of SC's net profit.
Only the hotel target can be checked against the portfolio today, because it is the only one counted in the same unit at both ends. Four hotels at 895 keys puts SCX a little under halfway to 2,000.
In August 2026 SCX reported first-half revenue growth of over 240% in logistics, and said it was pushing the roadmap past one million square metres.
Which hotels does SCX Hospitality operate?
SCX Hospitality holds four hotels in Thailand, three open and one still to come.
| Hotel | Keys | Location | Hotel Operator | Opening |
|---|---|---|---|---|
| YANH Ratchawat | 78 | Ratchawat, Bangkok | - | 2023 |
| KROMO Bangkok, Curio Collection by Hilton | 306 | Sukhumvit 29, Bangkok | Daiwa House | 2025 |
| The Standard Pattaya Na Jomtien | 161 | Na Jomtien, Pattaya | Syntec | 2025 |
| voco Bangkok Siam | 350 | Siam, Bangkok | Tokyo Tatemono | 2029 |
At 350 keys, voco Bangkok Siam will be bigger than anything SCX runs today, and it is the second project pairing SCX with Tokyo Tatemono after the Bangna warehouse. KROMO was Hilton's first Curio Collection property in Thailand.
Who does SCX Corporation partner with?
SCX works with established partners across its property portfolio, including international hotel groups and property owners.
KROMO Bangkok is operated by Hilton. voco Bangkok Siam is operated by IHG. The Standard, Pattaya Na Jomtien is operated by Hyatt, while the hotel in Ratchawat is owned and operated by SCX.
Frequently asked questions
What does recurring income mean for a property company?
It means revenue that arrives on a schedule rather than all at once. A developer who sells a house is paid once, at handover, and then has to go and find the next buyer. A company that leases a warehouse is paid every month for the length of the lease, which makes income steadier and far easier to forecast.
How many warehouse sites does SCX Logistics have ?
Seven. Two on Bangna–Trad Road in Samut Prakan, two in Si Racha District near Laem Chabang Port, two inside Amata City Chonburi Industrial Estate, and one in Nakhon Sawan. Those seven total 250,000 sqm of land.
Does SCX Corporation run its own hotels?
No. SCX Hospitality owns the hotels and partners on their development, but they are operated under third-party brands: Hilton for KROMO Bangkok, IHG for voco Bangkok Siam, and Hyatt for The Standard, Na Jomtien.
What does SCX Working Solutions lease?
Four Bangkok office towers: Shinawatra Tower 1, Shinawatra Tower 2, Shinawatra Tower 3 and SC Tower. Three sit on Phaholyothin Road, while Shinawatra Tower 3 is on Vibhavadi Rangsit Road. Each property is located in an established commercial area, with convenient access to shopping centres, public transport and major roads, making the buildings easily accessible for both tenants and employees.