All Inspire to launch six projects in pursuit of double

Real Estate March 15, 2019 01:00


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PROPERTY firm All Inspire Development Plc is planning to launch six new residential projects worth a total of Bt18.25 billion to drive double-digit revenue growth this year.

Last year’s revenue reached Bt2.34 billion, with a net profit of Bt343 million, the company’s chief executive officer, Thanakorn Thanawarith, said at press conference yesterday.

He added that the company would also move to list its shares on the Market for Alternative Investment (MAI) with an initial public offering (IPO) of 150 million shares at Bt1 per share, or 26.79 per cent of listed shares after the IPO. The Securities and Exchange Commission (SEC) has already approved the company offering shares to the public. 

Currently, All Inspire’s authorised share capital is Bt560 million of which issued and paid-up capital amounts to Bt410 million or 410 million shares. The company intends to use the funds raised from the IPO to develop real estate projects in high-potential areas, pay off loans from financial institutions, as well as for use as working capital for future business operations. 

The six new residential projects to be launched this year will be a combination three high-rise projects – Impression Ekkamai with 380 units, worth Bt4.8 billion, as well as Thonglor 12 and Thonglor 16 – and three low-rise projects – Ladprao-Sutthisarn, 20 Mithuna-Junction 5 and Lasalle 83.

“Our business policy will focus on developing properties in high-potential locations near public transportation systems such as the BTS and MRT,” said Thanakorn. “We are also designing properties to serve real-life functions in modern and unique designs that are comfortable for everyday living at affordable prices.

“[We are] launching new projects to target different customer segments, such as working-age groups with Bt25,000 to Bt50,000 income per month, and the Dual Income No Kids (DINKs) under The Excel brand; customers in the middle to upper-middle segment with Bt40,000 to Bt80,000 income per month under the RISE brand; customers in the middle to upper-middle segment with Bt40,000 to Bt100,000 income per month under The Vision brand; and customers in the high-income segment with over Bt150,000 income per month under the Impression brand,” he said. 

The company’s three-year business operation results from 2016 to 2018 show a consistent upward curve in both revenue and net profit.

In the past few years, revenue was Bt420 million, Bt714 million and Bt2.343 billion, respectively. Meanwhile, profit was Bt11 million, Bt81 million and Bt343 million, respectively.