redirect pin user minus plus fax mobile-phone office-phone data envelope globe outlook retail close line-arrow-down solid-triangle-down facebook globe2 google hamburger line-arrow-left solid-triangle-left linkedin wechat play-btn line-arrow-right arrow-right solid-triangle-right search twitter line-arrow-up solid-triangle-up calendar globe-americas globe-apac globe-emea external-link music picture paper pictures play gallery download rss-feed vcard account-loading collection external-link2 internal-link share-link icon-close2

CASE STUDY: Valuation of SCBAM Property Funds


Key Information


SCB Asset Management Co., Ltd. (“SCBAM”)


Bangkok, Thailand


CBRE Thailand was appointed for the valuation of their 2 office listed property funds.

Services Provided

Annual valuation and quarterly updates for the financial reporting of 2 property funds



SCBAM, a fund management business unit of Siam Commercial Bank (SCB), is one of Thailand’s leading asset management firms. SCBAM manages 7 listed property and infrastructure funds covering retail, office, hotel, and industrial properties and telecommunication infrastructure. CBRE Thailand was appointed for the valuation of their 2 office listed property funds.


  • Complied with the valuation practice required by the Securities and Exchange Commission of Thailand (SEC) and international valuation standards for public purposes valuation.
  • Worked with the fund manager to best forecast the performance of the assets under special situation (anchor tenant relocation). CBRE leveraged our extensive in-house database and transactions to make the assumptions.
  • Timely response to enquiries from the fund’s reliant parties including trustee and independent auditor on material changes in asset performance and market value. CBRE provided real market evidence in supporting our opinion, which exceeded the client’s expectation.



  • CBRE was initially appointed in Q1 2019 for the valuation of Siri Prime Office Property Fund.
  • Subsequently, in Q2 2019, CBRE was also appointed for the valuation of Prime Office Leasehold Property Fund.

Explore Other Case Studies