Mr. Vittakarn Chandavimol, Chief Corporate Strategy and Creation, AP Thailand Public Co., Ltd., said that positive sentiment was increasingly evident in the middle to high end of Thailand’s property industry in the first quarter of the year, as reflected in the company’s presales. In the first quarter, AP recorded THB 17,526 million in presales, THB 13,632 million of which were from low-rise development projects and THB 3,894 million from condominium projects. It resulted from demand from customers confident in all of AP’s development projects – including single detached homes, twin homes, townhomes and condominiums - all stand ready to deliver a space innovation that allows home-buyers to have Cheevit Dee Dee Tee Lueak Eng Dai so that ‘Every Area in AP Home’ can grow together with every resident.
In the second quarter, the company will launch a total of 22 projects worth about THB 27,710 million. These include 8 townhome projects worth THB 6,910 million, 5 twin home projects worth THB 3,650 million, 5 single detached home projects worth THB 8,550 million, and 4 condominium projects worth THB 8,600 million, as well as 160 ongoing projects, which will be the key to the company’s steady cash inflow.
“Thailand’s economy in 2024 has continued to be presented with a lot of challenges, and I believe it will be another difficult year due to all the existing, unavoidable factors that will continue to have an effect this year. We have another to prove the mettle of the industry’s real deal. We remain highly focused on five aspects to steer us towards our set goals. They are 1) cashflow management which would have a bearing on corporate stability and trustworthiness and we believe we are now financially strong with adequate liquidity, 2) a diversified product portfolio that covers all market segments, 3) people management – structure – process integrity that allows us to stay resilient 4) a business partnership with a shared vision to be No. 1 together, and 5) a supply chain management to support business growth according to plan to develop and deliver projects,” said Mr. Viitakarn.
For updates on all new single detached home, twin home, townhome and condo projects from AP throughout 2024, click https://apth.ly/APNewHome2024
AP Thailand business plan summary
AP Thailand Public Co., Ltd., has set its target to expand its product portfolio to be readily available to home-buyers across Thailand in 2024 when more than 200 projects will be on offer. These include 48 newly developed projects worth around THB 58,000 million. They are divided into 15 single detached home projects worth THB 23,000 million, 23 townhome and twin home projects worth THB 19,300 million, 6 condominium projects worth THB 12,500
million and 4 projects in provincial areas worth THB 3,200 million as well as 160 ongoing projects, which will be the key to the company’s steady cash inflow. The sales target for the year is set at THB 57,000 million, with total revenues, including those from 100% JVs, projected at THB 53,700 million.
In the first quarter of the year, the company launched a total of 4 new projects worth around THB 5,100 million. For the second quarter, it plans to introduce a total of 22 new projects worth around THB 27,710 million.
AP Thailand commands leadership in the residential property industry with presales in the first quarter of the year at a substantial THB 17,526 million, reflecting an industry recovery as customers responded well to all the single detached homes, twin homes, townhomes, and condominiums on offer. The company is ready to go full steam ahead in the second quarter with 22 new projects worth THB 27,710 million.
AP Thailand commands leadership in the residential property industry with presales in the first quarter of the year at a substantial THB 17,526 million, reflecting an industry recovery as customers responded well to all the single detached homes, twin homes, townhomes, and condominiums on offer. The company is ready to go full steam ahead in the second quarter with 22 new projects worth THB 27,710 million.
AP Thailand commands leadership in the residential property industry with presales in the first quarter of the year at a substantial THB 17,526 million, reflecting an industry recovery as customers responded well to all the single detached homes, twin homes, townhomes, and condominiums on offer. The company is ready to go full steam ahead in the second quarter with 22 new projects worth THB 27,710 million.