Mr. Atthapol Surasithpanthawat, Chief Corporate Support Officer of SC Asset Corporation Public Company Limited, a leading real estate developer across all price ranges, discussed the success of the company's 9-month performance, stating, “SC has experienced growth in all areas, including sales, total revenue, and net profit compared to the same period last year. The company achieved total sales of 11.8 billion baht, an 8% increase, total revenue of 10.365 billion baht, a 32% increase, and a net profit of 1.096 billion baht, a 56% increase.”

          In the third quarter of 2018, sales reached 4.564 billion baht, a 28% increase, with total revenue of 3.713 billion baht, which includes sales revenue of 3.5 billion baht and rental and service income of 208 million baht. The net profit was 392 million baht. As of September 30, 2018, the company and its subsidiaries had total assets of 42.794 billion baht and total liabilities of 27.276 billion baht.

          For the fourth quarter of 2018, the company plans to launch 5 new projects with a total value of approximately 5.55 billion baht, all of which are horizontal projects, including 4 single-family home projects and 1 home office project.

          This is due to the strong response to the sales of horizontal projects, particularly single-family homes priced between 8-20 million baht, which feature unique designs, suitable amenities, and prime locations, resulting in a remarkable 230% year-on-year growth in sales over the past 9 months. Consequently, the company is launching 3 new Bangkok Boulevard projects, which include:

  • Bangkok Boulevard Srinakarin-Bangna project valued at 2 billion baht, covering an area of 55-3-20 rai with 200 units.
  • Bangkok Boulevard Rama 9 project valued at 1.35 billion baht, covering an area of 30-1-0.6 rai with 108 units.
  • Bangkok Boulevard Ramindra-Serithai project valued at 415 million baht, covering an area of 10-0-6 rai with 31 units.

          All three projects are primarily located in the eastern Bangkok zone, which is a promising area for future development, set to host numerous Mega Projects and facilitate access to Bangkok's business center and Suvarnabhumi Airport, supported by various positive factors that bolster the Eastern Economic Corridor (EEC), including the yellow, orange, and pink electric train lines, the Airport Rail Link, and the new Srinakarin-Romklao road.

          Additionally, the company will launch the Venue Rama 9 project valued at 1.15 billion baht, covering an area of 34-0-24 rai with 143 units priced between 6-10 million baht, and the Workplace Petchkasem 81-2 project valued at 630 million baht, which is a 3-story home office priced between 6-10 million baht on an area of 11-2-34.1 rai with 112 units.

          Furthermore, on November 21, 2018, the company will host a major year-end event titled “This is BEATNIQ” to introduce a new experience in MCM (Mid-Century Modern) style at the BEATNIQ condominium on Sukhumvit 32, featuring unique architecture and serving as a new landmark on Sukhumvit Road.

          Mr. Atthapol concluded, “In the fourth quarter, SC has 43 ongoing projects available for sale with a remaining sales value of over 37.4 billion baht, and will launch 5 new projects worth 5.55 billion baht, along with a backlog of 11.8 billion baht in sales awaiting transfer, approximately 45% of which will be recognized as revenue this year. All of this will support SC's sales and revenue to meet its targets.”

For those interested in visiting the new projects or inquiring for more details, please call 1749 or visit www.scasset.com.

Thank you for the information from www.scasset.com.