Property DNA reveals revenue and profit figures for 10 real estate companies in 2023. "Sansiri" holds the title with the highest profit of 6 billion. "AP" ranks second in both revenue and profits. While "Supalai" is ranked 3rd with revenue of 31 billion.

Surachet Kongcheep Property DNA said that 2023 was considered a challenging year due to the impact of the recent COVID outbreak, affecting Thai people's decision to purchase housing. Either a house or a condominium "delays" the purchasing decision. This, along with the strictness in considering home loans by various financial institutions, has been a challenge for the housing project development business market in the past year.

This has caused many entrepreneurs to change their business plans, including reducing the launch of condominium projects. and increase the proportion in housing projects Including adding more expensive projects for sale. When the results came out, there were some operators who had increased income and profits compared to 2022. In 2023, Sansiri was the operator with the highest profits at 6,060 million baht, an increase of 42%. Two AP (Thailand) is ranked second in revenue and profit, with income of 38,399 million baht, decreasing from 2022 by approximately 1%, third place Supalai. There are profits and incomes in 2023 at 31,818 million baht, a decrease of 10%, and profits at 5,989 million baht, a decrease of 15% compared to the previous year.

3. Supalai ranked 3rd in profit and income, which decreased compared to 2022. Income in 2023 was 31,818 million baht, a decrease of approximately 10%, and profit was 5,989 million baht, a decrease of approximately 15%. Compared to the previous year

Many companies have increased their income and increased it in quite large proportions. But it's not much compared to some entrepreneurs who have top-notch income and profits. But the most noticeable thing is the decrease in profit, which may be due to increased operating expenses or sales activities. Including reducing the price or accepting a loss of profit in order to close the sale. Therefore, it may be a factor that reduces the profits of some entrepreneurs.

However, most operators still have income and profits. There were no operators who had losses in the recent period. Some entrepreneurs Q House can be very profitable. But the income is very little. Because there is income from other businesses such as office buildings for rent, hotels, service apartments. Although they have not launched many new projects for sale compared to the top 5 developers.

which the above results This does not include Land and Houses, which in the past few years has not launched many new projects for sale compared to other developers. But income from other businesses of Land and Houses is quite large, so it is possible that the income and profits in 2023 Maybe more than many operators in the market.

Declining income and profits of some operators in 2023 There is still room for a turnaround in 2024. Because some entrepreneurs have already announced plans to launch new projects. Many large operators have launched more projects for sale compared to 2023. And some negative factors related to purchasing power may change in 2023.

In addition, measures to reduce ownership transfer and mortgage fees for homes not exceeding 3 million baht will continue in 2024. This is considered good news for some entrepreneurs who have projects priced not more than 3 million baht, ready to transfer ownership in 2024.

Moreover, the purchasing power of foreigners in the condominium market is definitely increasing, including more Chinese, Russians, and Burmese people coming to Thailand. But the big problem still lies in the matter of mortgage loan consideration, which is very strict. and affecting the group with purchasing power for housing with prices not exceeding 3 million baht up to the price level not exceeding 5 million baht per unit.

Many entrepreneurs are therefore trying to launch new projects that avoid this price group in 2024. and trying to reach the group of buyers who buy expensive houses who have little difficulty in getting bank loans. Some operators, such as Sansiri and SC Asset, as well as Land and Houses, have always done well.

Source:https://www.bangkokbiznews.com/property/1115489

at 29/2/2024