ASW has achieved remarkable sales performance over the past two quarters and demonstrated steady performance in the Thai real estate market. Here's a detailed overview of the company's business situation:
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First, let's review the performance of the first quarter. ASW achieved sales of 626.9 million Thai baht in this quarter, a stunning 65% year-on-year increase. The main driving force behind this achievement was the successful performance of the company's projects, especially "The Title Heritage Bang-Tao" and "The Title Serenity Naiyang." These projects not only boosted the company's sales but also further consolidated ASW's leading position in the Thai real estate industry.
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With the success of the first quarter, ASW immediately turned its focus to business development in the second quarter. In this quarter, the company plans to launch two new projects with an estimated total value of 220 million Thai baht. These new projects, including Kave Luminous Bangmod and Kave Genesis Nakhonphathom, will bring more growth momentum to the company. This move once again demonstrates ASW's determination and ability to continuously expand its business scope and introduce innovative projects to meet market demand.
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In addition to the company's own business development, ASW also closely monitors the overall trends in the Thai real estate market. In the early stages of the second quarter, the market began to show signs of increased activity, indicating a gradual recovery in market demand. The government has also implemented a series of stimulus measures, such as reducing transfer fees and extending property tax relief policies, to promote activity in the real estate market. These measures provide favorable conditions for ASW's future business growth and are expected to further drive the company's development.