J.S.P. Property Public Company Limited announced that its Q2 2018 revenue reached 1.212 billion baht, reflecting a 16% increase, with total revenue for the first half of the year exceeding 2.257 billion baht. The company is set to launch 5 new projects valued at approximately 703 million baht in the second half of the year, confident in achieving total sales of 6.8 billion baht by the end of this year.

       Mr. Likit Luesakulkitpaisarn, Chairman and CEO of J.S.P. Property Public Company Limited (JSP), reported that the company’s total revenue for Q2 2018 was 1.212 billion baht, a 16% increase compared to the previous quarter, with real estate sales contributing 1.176 billion baht and 626 units transferred, up from 140 million baht in the same period last year.

       “Since implementing new management strategies at the beginning of the year, along with our performance in the first half, we are confident that the company will continue to grow steadily. Our short-term business goal is to enhance financial liquidity in the first year, while our three-year target aims for a growth rate of no less than 25-30%. For 2018, we are targeting total sales of 6.8 billion baht, focusing on developing low-rise properties to capture the market for homes priced below 5 million baht,”

       In the second half of the year, the company plans to launch 5 new projects with a total value of over 703 million baht, including the J-City Tiwanon-Bang Kadi project featuring 79 units of single-detached and twin houses starting at 3.6 million baht per unit, valued at 316 million baht. Additionally, there will be a commercial building project in the J-City Rattanathibet-Bang Bua Thong area valued at 70 million baht and the J-Avenue Rattanathibet-Bang Bua Thong project valued at 100 million baht. In the Eastern Economic Corridor (EEC), the J-Town Exclusive townhouse project in the Bang Pakong-Ban Pho area is valued at 117 million baht, along with a commercial building project in J-City Sriracha-Assumption valued at 100 million baht, which is expected to be completed and launched by the end of this year.

        The overall outlook for the Thai real estate market in the second half of 2018 is expected to improve significantly, having overcome the volatility of the first half. The economy is showing signs of better growth, with an anticipated growth rate of up to 4%, as demand for housing and investment continues to rise, Mr. Likit concluded.

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