Built Land's strategy for 2018 focuses on selling the fully furnished 'Lesto' condo near Samrong Station, confident in exceeding 1 billion baht in sales and building trust as it aims for the stock market in 2019.

          On May 4, 2018, – Built Land Public Company Limited announced its continuous growth success, revealing its strategy to penetrate the real estate market in 2018 with confidence in generating over 1 billion baht in revenue. The company is preparing to file for listing on the stock exchange in the fourth quarter, accelerating the sale of completed, fully furnished units at “Lesto Condo Sukhumvit 113” near Samrong Station. An OPEN HOUSE event is scheduled for May 19-20, featuring attractive promotions such as waiving all transfer fees or offering free appliances, with prices starting at just 1.45 million baht.

          Mr. Chai Rat Thampeer, CEO of Built Land Public Company Limited stated, “The overall real estate economy in 2018 is expected to grow significantly compared to last year, driven by improved factors such as exports, tourism, and relatively low interest rates. Additionally, the government continues to invest in large infrastructure projects, signaling positive growth for the real estate sector. Consumer confidence is returning, leading to increased decisions to purchase housing. Furthermore, foreign buyers are increasingly purchasing condominiums in Thailand due to favorable prices compared to their home countries, particularly from China, Singapore, and Hong Kong. Condominiums near existing and extended BTS and MRT lines remain in high demand. Meanwhile, land purchasing power for developers continues, supported by foreign investment, particularly from Japan, China, and Singapore, resulting in consistently high land prices. Consequently, condominium prices are expected to rise, increasing competition in the market, necessitating developers to seek new markets, especially those catering to foreign buyers.

          The latest project from Built Land Public Company Limited is “Lesto Condo Sukhumvit 113” near Samrong Station, a completed, fully furnished low-rise condominium consisting of 4 buildings with 786 units, valued at over 1 billion baht. It is strategically located just 400 meters from the BTS Samrong Station, which will soon become an interchange connecting to the yellow line running towards Ratchada-Ladprao.

          With over 10 years of experience in real estate development, Built Land has successfully closed various projects in a short time. Therefore, in 2018, the company aims for revenue of 1 billion baht, similar to 2017, focusing on increasing profit margins. The company has already raised selling prices by 5-10% for projects located along the BTS lines, such as the “Lesto Condo Sukhumvit 113” near Samrong Station, which is in a community with high demand for housing. This project offers excellent value for money at an easily affordable price and is one of the few condominiums served by two BTS lines (green and yellow), providing convenient travel options. For those using personal vehicles, access to central Bangkok via Sukhumvit Road or expressways is also convenient.

          Additionally, Mr. Chai Rat Thampeer, CEO of Built Land Public Company Limited, aims to list “Built Land” on the Stock Exchange of Thailand by 2019 to support future investment expansion plans.

          As for the stock distribution plan in the stock market, “Built Land” will increase its capital by 100 million shares to sell to the public. The offering price will be determined after consulting with financial advisors. Currently, the real estate development business remains highly profitable due to our expertise in managing real estate companies, keen insight into location, construction quality, and comprehensive post-sale management through Built Heart Company, which assists in customer service, building management, and supports unit management for clients wishing to sell or rent. We also have a deep understanding of our target customer base. Future projects will focus on developing high-rise properties priced between 2-5 million baht, targeting young individuals seeking an independent, safe, and convenient lifestyle. The company remains open to joint ventures with foreign companies, having received continuous inquiries from several Asian countries, such as Singapore and Japan. Such collaborations will support market expansion to foreign customers. In considering partners, the company prioritizes investment capital and collaborative working methods, while technology and know-how are secondary,” Mr. Chai Rat stated.

          The “Lesto Condo Sukhumvit 113” near Samrong Station is a low-rise condominium with 8 floors and 4 buildings, comprising 786 units with over 3,000 square meters of common area, including a three-story Triple Club clubhouse at the front of the project for relaxation or hosting friends, equipped with 5-star amenities such as a fitness room, swimming pool, yoga fly, playroom, movie room, BBQ deck, library room, and co-working space, surrounded by a large garden, enhancing green space for all buildings and fulfilling the happiness of living comprehensively.

          On Saturday, May 19, and Sunday, May 20, “Built Land” will host the “LESTO OPEN HOUSE” event themed “Gathering Popular Shops in Samrong”, inviting interested parties to view the fully furnished units ready for occupancy, starting at 1.45 million baht, along with fun workshops and tasting delicious dishes recommended by Wongnai. For those who book on the event day, they can choose between waiving all transfer fees or receiving free appliances. Additionally, every unit will receive free wallpaper, a 15,000 BTU air conditioner, and a water heater. On Sunday, May 20, from 4:00 PM to 5:00 PM, attendees can enjoy a mini-concert by “Pop Pongkul” at the TRIPLE CLUB three-story clubhouse in front of the “Lesto Condo” project.

Thank you for the information from www.builtland.co.th