Look at the results for the first quarter of 2023 of the top 10 Thai real estate companies, measuring performance, who survived vs who fell after the market faced negative factors all around, important variables, the economy and access to housing loans.

May 19, 2023 - All round negative factors Affecting the Thai real estate market in the first quarter (January - March) under the atmosphere Entrepreneurs are also keeping an eye on The economic situation and purchasing power delayed the opening of new projects, causing the supply in the first 3 months to drop significantly to 15,267 units, decreasing 38.7%.

from the previous year's stale momentum Resulting in the value of ownership transfer Homes and condominiums still gained 7.9% and new loans increased 6.4%.

However, what cannot be denied is the cancellation of the BOT's relaxation of the LTV (Loan Rate to Home Value) measure, affecting people who want to buy housing as a second and third contract house as well. Household debt that remains at almost 90% of GDP, plus rising interest rates make people who want to buy housing in the first quarter of the past have more cost burden and reduced ability to pay installments The overall effect on sales ownership transfer amount of many real estate companies as well

Spread the performance of 10 Thai real estate (as of the first quarter of 2023)

Company : AP Thailand

Income : 9,441 million baht

Change: -13%

Net profit : 1,478 million baht

Change: -15%

Company : Sansiri

Income : 7,931 million baht

Change: +54%

Net profit : 1,582 million baht

Change: +422%

Company : Origin Property

Income : 3,662 million baht

Change: -3%

Net profit : 917 million baht

Change: +9%

Company : Supalai

Income : 5,902 million baht

Change: +7%

Net profit : 1,080 million baht

Change: -8%

Company : Pruksa Holding

Income : 6,598 million baht

Change: +10%

Net profit : 652 million baht

Change: +18%

Company : SC Asset

Income : 4,930 million baht

Change: +28%

Net profit : 435 million baht

Change: +12%

Company : Frasers Property

Income : 3,424 million baht

change : -

Net profit : 318 million baht

Change : 1%

Company : Land and Houses

Income : 6,943 million baht

Change: -12%

Net profit : 1,354 million baht

Change: -30%

Company : Quality House

Income : 1,966 million baht

Change: -8%

Net profit : 592 million baht

Change: +1%

Company : L.P.N. Development

Income : 1,824 million baht

Change: -18%

Net profit : 145 million baht

Change: -24%

" Most recently, the Real Estate Information Center (REIC) predicted that housing demand in 2023 will have 352,761 units of ownership transfer throughout the country, a decrease of -10.2%, the value of ownership transfer of 1,016,838 million baht, a decrease of -4.5% compared to the year 2022. Refers to the direction of the income of these 10 real estate above as well Which must be expected at the end of this year, who will rise and who will fall? "

Source:https://www.thansettakij.com/real-estate/565694

Date 19/05/2023