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Asset Five Group unveils roadmap plan to enter luxury residential market
Mar 12, 2024
Asset Five Group unveils roadmap plan to enter luxury residential market Bangkok
By   Internet
  • City News
  • Luxury Property Market
  • Thailand Luxury Property
  • Thailand Real Estate
Abstract: Asset Five Group Public Company Limited (A5) recently announced its roadmap plan to enter the luxury real estate market, intending to launch eight projects totaling 500 million Thai Baht. This marks A5's continued success, having successfully progressed luxury projects worth a total of 800 million Thai Baht from 200 to 2567. This year, A5 will launch two new low-rise projects with a total value of 2,568.2 million Thai Baht.

According to Mr. SUPHACHOK PANJAVAP, CEO of A5, the company has received high praise from customers for its luxury project developments over the past few years, achieving exponential growth. This enables the company to continue developing new projects to meet the growing demand from high-end clients on a financially sound basis.


As per the company's plans, from 2567 to 2568, A5 will launch five new projects in potential locations in eastern and western Bangkok, with a total value of 500 million Thai Baht. This year, the company will kick off two new projects valued at 820 million Thai Baht.


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One of the key projects is the VANA Ratchaphruek-Weltville project, valued at 100 million Thai Baht. The project will offer 17 standalone residential units covering an area of 43 rai. The new designed standalone residences in Ratchaphruek Center will be adjacent to major department stores Central Westville and The Crystal SB Ratchaphruek, providing residents with convenient travel, work, lifestyle, and nature experiences.


Another significant project is the new CINQ ROYAL project, valued at approximately 165 million Thai Baht. The project will be located in the Bangna area, offering privacy for only 18 families in a convenient location close to shopping centers, international schools, hospitals, and golf courses. The project is expected to be launched in the fourth quarter of 2567.


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Mr. SUPHACHOK PANJAVAP stated that the company expects to achieve revenue growth of over 70% this year, with a revenue target of 200 million Thai Baht. To support the development of future projects, A5 has prepared to invest an additional 50 billion Thai Baht in land.


By 2568, A5 plans to develop three more low-rise projects totaling approximately 340 million Thai Baht. These projects, centered around the VANA brand, will introduce new designs aimed at meeting the urban lifestyle needs of the target audience and continue to drive revenue growth. The company's revenue target is to reach 500 million Thai Baht within 850.


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Mr. SUPHACHOK PANJAVAP further stated that while the high-end real estate market continues to grow, competition is becoming increasingly fierce. To expand its market base, A5 will focus on market research and analysis of target audience behavior to better meet the demands of low-rise projects. The company will also seek opportunities to expand projects in high-potential locations and introduce new designs that cater to the needs of the target audience.


To maintain profitability and deliver high-quality luxury projects, A5 will prudently control land and construction costs. The company will adhere to the "A5 GREATNESS Inspired by Love" philosophy, focusing on project development strategies to create the best experiences and differentiation for customers and society.

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Asset Five Group unveils roadmap plan to enter luxury residential market
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