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Thailand Launches 40 New Projects
Thailand Launches 40 New Projects Bangkok
By   LivingInsider Report
  • City News
  • Thailand Property
  • Townhouses
  • Single Family Home Projects
  • Condominium Projects
Abstract: Mr Vitaka Chantavimol Deputy Director AP Thailand Public Company Limited Corporate Strategy & Creativity Thailand's property development business leader has achieved satisfactory growth in the first half of the year under the promise of "Better Living by Choice".

The turnover of the Condominium Group (100% joint venture) and other businesses amounted to 2,385.6 million baht. Net profit was Baht 302.3 million.

 

As of 2Q2, the company could realise total revenue from low level products. Condominium Group (100% Joint Venture) and other businesses of 1,205.1 million baht 1 805/11, the company achieved a net profit of 54.41 billion baht, an increase of 47.84 billion baht year-on-year.

 

It was a first half of the year, with lower-end products such as townhouses and single-family homes also being a key driver of revenue and profit growth. in FY17, 358, the country/region of Thailand will realise revenues of Bt7.3bn, including urban, central and downtown single-family homes as a major force in the Flat Group's total revenues.

 Thailand Launches 40 New Projects

For the condominium product business outlook is starting to look good. Together with signs of ownership transfer, it has started to move in a better direction since the beginning of last year. The company recognised the income of Aspire Latana Sibert Weston, Aspire.

 

Elavan Pilm and RHYTHM Chalenkrentin and other joint venture flats recognised revenue for the third consecutive quarter ending 46th of 31st.

 

In the second half of the year, the company is preparing to launch 40 new projects. 55 townhouse projects totalling about Bt94,019 million worth Bt1,955 million. 14 single family home projects worth Bt2,475 million 3 condominium projects worth Bt800 million and 300 provinces worth Bt430 million.

 

Thus, in the second half of the year, AP has over 340 projects in Bangkok and provinces worth over 17,914.3 million baht.

 

In the property development sector, the Company continues to operate under the "Deep Dive" strategy. The leadership position in the residential property development business was further enhanced through three main business groups: condominium development business, single family home development business and townhouse development business.

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