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World Gym Corporation Signs Second Bangkok Lease in Thailand Expansion Push

BullishMedium impact
2762NT$78.90 0.90%

World Gym Corporation (TWSE:2762) has signed a lease with Singha Estate for its second fitness club in Bangkok, located at the S-OASIS complex. The new facility is slated to open in the first quarter of 2027. The agreement forms part of a broader expansion strategy aimed at establishing 30 locations across Thailand within five years.

The expansion builds on rapid initial demand at the company's first Thailand site in Samrong, which gathered more than 1,000 presale members in its first two weeks. Partnering with Singha Estate offers access to prime mixed-use commercial developments, helping accelerate the brand's footprint in the market. Additionally, World Gym plans to extend its partnership with fitness racing brand HYROX into Thailand to drive club traffic and member engagement. Shares of World Gym Corporation rose 0.90% to 78.9 TWD following the announcement.

Investors will be tracking the pace of future lease signings, opening timelines, and membership conversion rates across new locations to evaluate whether the 30-site target remains on schedule.

Key points

  • World Gym Corporation signed a lease with Singha Estate for its second Bangkok location at S-OASIS, set to open in Q1 2027.
  • The company aims to open 30 clubs across Thailand over the next five years.
  • Its first Thailand site in Samrong attracted over 1,000 presale members in two weeks.
  • World Gym plans to bring its HYROX event partnership to the Thai market.

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Questions and answers

Where is World Gym Corporation opening its second Bangkok club?

The second club will be located at the S-OASIS development in Bangkok through a lease agreement with Singha Estate, with an opening target of Q1 2027.

How many clubs does World Gym Corporation plan to open in Thailand?

World Gym Corporation plans to open 30 locations across Thailand over the next five years.

How did presales perform at World Gym's first Thailand location?

The first site in Samrong registered more than 1,000 presale members within its first two weeks.