Although the overall picture of real estate in the first half of the year slowed down due to all-round negative factors. But large entrepreneurs like "AP-Sansiri" sees that there is still a chance in the second half of the year, introducing new projects with the emergence of new projects of a hundred thousand million as an alternative for consumers who are looking for housing and pushing the income according to the target.

Vittakarn Chandavimol, Deputy Managing Director Corporate Strategy and Creativity, AP Thailand Public Company Limited, said that in the second half of this year, it plans to launch 40 new projects worth 55,940 million baht, 19 of which are townhome projects worth 19,550 million baht, and 14 detached house projects worth 24,750 million baht. baht, 3 condo projects worth 8,300 million baht and 4 provincial projects worth 3,340 million baht. And more than 179 provincial projects worth more than 143,367 million baht

AP moves business under the strategy "DIVE DEEPER IN PROPERTY BUSINESS", working in-depth to be a leader in the real estate development business. for living through 3 main business groups, namely condo development business Detached House Development Business Group and townhome development business group

In the first half of the year, low-rise products such as townhomes and single detached houses were key drivers of revenue and profit growth. The revenue generated from low-rise products amounted to 17,358 million baht, or 73% of total revenue, with THE CITY, CENTRO and Baan Klang Muang brands as the spearheads.

While the condo group, the overall business trend began to show a positive trend. It can be seen from the signal of the transfer of ownership that has started to improve since the beginning of the year. The company recognized revenue from ASPIRE Rattanathibet Weston, ASPIRE Erawan Prime and joint venture condo RHYTHM Charoenkrung Pavilion gradually recognized revenue in the past quarter. with total sales of over 46,819 million baht

For the performance of the first half of the year, total revenue from low-rise products, condo group (100% JV) and other businesses was 23,856 million baht, net profit of 3,023 million baht. (100% JV) and other businesses 12,051 million baht, an increase from the previous quarter with total revenue of 11,805 million baht, net profit of 1,544 million baht, an increase from the previous quarter with a total net profit of 1,478 million baht, about 4.5%

Uthai Uthaisangsuk, Chief Operating Officer of Sansiri Public Company Limited, said that in the second half of the year, Sansiri plans to launch 39 new projects with a total value of 56,700 million baht, 23 horizontal projects with a total value of 35,900 million baht. The launch of 10 new “Setthasiri” single detached house projects worth a total of 21,900 million baht covering all locations. And plans to launch another 16 condo projects worth a total of 20,800 million baht, highlighted by the launch of luxury condos in potential locations "Ratchathewi" and "Ari" to drive sales and revenue recognition in the future

For the past 7 months, total sales amounted to 27,000 million baht, or almost 50% of the sales target of 55,000 million baht, of which 10 projects were closed, totaling 20,200 million baht, consisting of 7 low-rise projects, namely Setthasiri Taweewattana, Setthasiri Phahol-Watcharapol, Setthasiri Rama 5, Anasiri Bangkok-Pathum Thani, Anasiri Rangsit-Khlong 2, Kanasiri Salaya-Pinklao, Siri Place Ratchaphruek-Rama 5 and 3 condo projects: dcondo Hyde Away Rangsit, Dcondo Hype Rangsit, the latest condo for sale, The Line Phaholyothin Park, located at Lat Phrao intersection.

As for the 7-month ownership transfer of all types of residential projects that have been completed, worth 19,000 million baht, or 46% from the transfer target of 41,000 million baht, in the second half of the year, prepare to transfer another 3 high-rise and low-rise projects worth 3,100 million baht, namely Hay. Hua Hin, which is an affordable, ready-to-move-in condo and Nia by Sansiri, a condo from the One of a Kind Project series, starting price 2.59 million baht.

including luxury and super luxury low-rise projects Preparing to launch a detached house ready to transfer "Bukan Pattanakarn", totaling 17 units, priced at 65-115 million baht, to support revenue recognition in the second half of the year. Currently, the company has revenue on hand (Secured Revenue) of 29,700 million baht or more than 70% of the sales revenue target of 41,000 million baht this year.

Source:https://www.bangkokbiznews.com/property/1082532

Date 9/08/2023