Sivarom Real Estate's robust Q1 performance was highlighted by the introduction of two key projects: Sivarom Park (Wongwaen-Pracha Uthit 83) and Sivarom Village (Wongwaen-Chaiyapruek), which had investment values of 200 million baht and 7.6 billion baht, respectively. The company also reported sales from five ongoing projects, including Sivarom City (Nikhom Pattana-Rayong) and Sivarom Grand (Sukhumvit-Bangpoo).
In 2024, Sivarom plans to progressively launch new projects worth over 500 billion baht, aiming to penetrate emerging markets in Phutthamonthon, Bangkae-Sathorn, Pracha Uthit, and Bangkruai-Sai Noi. Notable upcoming projects include:
Sivarom Park (Pracha Uthit 76): A standalone housing project on approximately 22-3-78 rai, valued at around 600 billion baht, starting at 50 million baht.
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Sivarom Village (Wongwaen-Chaiyapruek): A semi-detached house and townhouse project with 242 units, valued at 700 billion baht, with prices ranging from 20 to 30 million baht.
To enhance sales, Sivarom has planned strategic launches for the following quarters:
Q2: Launch of SIVAROM HIDE (BANGKAE-SATHORN), featuring luxury houses priced between 100 and 160 million baht.
Q3: Launch of Sivarom Hyde (Phutthamonthon Sai 2) and Grand Sivarom 3 (Sukhumvit-Bangpoo), expected to bring in revenue by Q4.
Q4: Introduction of Sivarom Nature Plus (Bangpoo 2567), a Bergen-style townhouse project.
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Sivarom Real Estate is set to benefit from the Thai government's real estate stimulus measures, including reducing the property transfer fee from 2% to 0.01% and lowering the mortgage registration fee. These discounts will be passed on to consumers as special offers, further stimulating the market.
The company's chairman and CFO, Mohammed, expressed optimism about future market prospects, predicting a 35% annual revenue growth. He emphasized the company's focus on high-end markets and continuous project development to meet potential demand. Sivarom Real Estate's strategy of aligning with government policies and responding to market needs underscores its potential for sustained growth and market leadership.
In conclusion, Sivarom Real Estate aims to capitalize on improving market conditions and consumer confidence, leveraging innovative project development and exceptional customer service to maintain its leading position in the Thai real estate market and achieve long-term sustainable growth.
