ASW-Assetwise Public Company Limited reveals 2023 will be the golden year of the company. Newly completed inventory ready for transfer throughout the year, 10 projects, total value 14,530 million baht, according to next year's plan to gradually complete 10 more projects, pushing the backlog past 23,177 million baht, aiming to invade Phuket continuously. After closing the sale of "The Title Legendary Bangtao" the first phase within one day.

December 15, 2023 Mr. Kromchet Wiphanphong, Chief Executive Officer of Assetwise Public Company Limited or ASW, a lifestyle leader under the concept “Happiness designed for you-We Build Happiness”

Revealed that the overall performance in 2023 is considered a golden year for the company. There are 10 new projects gradually completed for ownership transfer, with a total value of 14,530 million baht.

Of these, there are 4 new projects scheduled to be completed and transfer ownership in the 4th quarter of 2023, with a total value of 6,400 million baht, including the Kave Colony project with 100% sales, project value of 1,800 million baht. The highlight is its close location. Bangkok University and the central area organize more than 30 programs to meet the lifestyle needs of the new generation. Including those who want to invest to receive long-term returns.

Condo Atmoz Oasis Onnut (Atmoz Oasis Onnut) project value 2,200 million baht, Atmoz Flow Minburi (Atmoz Flow Minburi) project value 1,350 million baht and The Arbor Donmueng-Chaengwattana (The Arbor Donmueng Changwattana) ) Project value 1,050 million baht

In addition, the company has 10 more projects that are expected to be completed and gradually transferred next year, with a total value of 23,177 million baht, reflecting the potential of ASW, which is confident that the company has a growth picture. and a continuous and strong income recognition plan

Meanwhile, the plan to launch new projects this year has been increased to 15 projects with a total project value of 30,260 million baht from the original plan of 12 projects with a total project value of 22,500 million baht to support future growth plans.

In the 4th quarter of 2023, 5 new projects will be launched, with a total value of 15,100 million baht, including:

1. Kave Wonderland 1,424 units, project value 2,550 million baht, open for viewing of sample rooms at the end of December.

2. Atmoz Canvas Rayong (Atmoz Canvas Rayong) 674 units, project value 1,250 million baht, next to Central Rayong Shopping Center to support the expansion of investment in the Eastern Special Development Zone or EEC.

3. Modiz Voyage Srinakarin (Modiz Voyage Srinakarin) 813 units, project value 2,600 million baht, close to the BTS Yellow Line, only 300 m., Srikritha Station.

4. The Honor Yothinpattana Project: 106 luxury single-family homes, project value over 4,200 million baht, with 6 model homes for viewing.

and 5. The Title Legendary Bang-Tao (The Title Legendary Bang-Tao) 637 units, project value 4,500 million baht.

“The Title Legendary Bangtao project is considered very successful in the Phuket real estate market. After holding the Agent Day event, sales through agents in the first phase of more than 300 units, worth 2,000 million baht, were closed in just one day. Therefore, we believe that Phuket real estate is still in demand among foreign customers,” Mr. Kromchet said.

Mr. Kromchet said Overview of the real estate market in the final period of 2023. The market is growing gradually in accordance with the picture of economic recovery. This is due to the factor of rising interest rates. The transition to a new government has led to a lack of continuity in government spending. There has been a slowdown in private sector investment. As a result, the real estate market in 2Q23 and 3Q23 created a vacuum. Consumers delay decision to buy housing.

However, some segments of the housing market still have good purchasing power, such as condominiums around universities (Campus Condo), because there are people who want to diversify investment risk. and manage money by buying condos to receive long-term returns In a situation where deposit interest rates are still relatively low. Including buying to live in yourself.

In addition, it was found that the real estate market in major tourist cities has grown well with both Thai and foreign tourists coming to buy them as a second home.

ASW forecasts that the real estate business in 2024 is likely to improve in line with GDP that is expected to expand by 2.8-3.3%, estimated from the real estate market. The past October-November 2023 began to show positive signs from various factors.

The war between Israel and Hamas that has not expanded, Thailand's policy interest rate has begun to stabilize Including the momentum of private consumption from the government's economic stimulus measures that are gradually coming out, such as the Easy E-Receipt measure 1 Jan. - 15 Feb. 2024, the Digital Wallet project, etc., as well as purchasing power from citizens. Foreigners who return to buy real estate as a second home in important tourist cities such as Phuket, etc.

“In 2024, ASW prepares to expand real estate investment in Phuket. Through subsidiaries, namely Rompho Property Public Company Limited or TITLE and Botanica Grand Avenue Company Limited or BGA, to meet the housing needs of foreigners. including tourists and people working in Phuket province,” Mr. Kromchet said.

Incidentally, ASW operates a real estate development business. It aims to develop high-rise and low-rise residential projects in potential locations under the concept of "Happiness designed for you - We Build Happiness".

Currently, a total of 57 home and condominium projects have been developed under affiliated brands designed to create happiness to suit every lifestyle, including KAVE, ATMOZ, MODIZ, A. ESTA (ESTA), THE ARBOR (THE ARBOR) and THE HONOR (THE HONOR)

Total project value is more than 67,000 million baht, divided into 41 projects that are completed and ready to move in, and 16 projects that are currently being sold and are under development. Currently, there are sales waiting to be recognized as revenue (backlog), with a total value of more than 16,337 million baht. baht

Source:https://www.prachachat.net/property/news-1460531

at 15/12/2023