Developer posts Bt4.8 bn in first-quarter pre-sales 

Real Estate April 12, 2019 01:00

By The Nation

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Listed property firm Ananda Development Plc has announced Bt4.8 billion in pre-sales for the first quarter of this year, up 19 per cent from its estimate, said the company’s chief financial officer Chaiyuth Chunnahacha said yesterday.

It plans to launch four residential projects worth Bt13 billion in the second quarter to boost its pre-sale total to Bt36 billion at the end of the year. 

A total of 10 projects are planned for this year , comprising eight condominiums and two housing estates. 

Due to capital constraints , 7 of the condominum projects will be joint venture developments.

Meanwhile, presale total for 2019 is expected to grow by 14 per cent year on year to Bt36 billion while transfers are expected to grow 9 per cent to Bt36 billion, he said.