AP (THAILAND) Bt10-bn presales in Q1

Real Estate April 04, 2018 01:00

By The Nation

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Listed property firm AP (Thailand) Plc posted Bt10 billion in presales in the first quarter, up 168 per cent from the same period last year.

Of the presales in Q1, 64 per cent or Bt5.2 billion came from low-rise residential projects and Bt4.8 billion from condominiums, as part of the target of Bt33.5 billion this year, said chief executive officer Anuphong Assavabhokhin at press release yesterday.

He expressed confidence the market would post strong growth in the second quarter of this year, thanks to the sustained economic growth supported by government spending and the slow grwoth in interest rate. In the second quarter of this year, AP will launch three new projects. It plans to launch a total of 34 new projects this year, worth a total of Bt49 billion, he said.