Ananda Reports Q4 Sales Exceeding Targets by 18%

Total Sales for 2020 Reach 17.473 Billion Baht Surpassing Goals by 4%

 

Ananda Development Public Company Limited, or ANAN, a leader in urban residential development and the top market player in condominium projects near BTS stations, has announced that total project sales in Q4/2020 amounted to 4.384 billion baht, exceeding the forecasted target. This achievement allowed the company to reach total sales of 17.473 billion baht for the year 2020, surpassing the set goal by 4%. The company is confident that the demand for ready-to-move-in condominiums near BTS stations will continue to grow.

Dr. Chaiyut Chunhachai, Chief Financial Officer of Ananda Development Public Company Limited, stated that despite the outbreak of the Covid-19 virus both domestically and internationally since the beginning of 2020, the company has performed satisfactorily. The operational direction in Q4/2020 showed positive growth signals, with sales of 4.384 billion baht, exceeding the target of 3.712 billion baht by 18%. This exceeded the goals set for both condominium and horizontal projects, resulting in total sales for 2020 of over 17.473 billion baht, surpassing the target by 4%. The majority of this success stemmed from the company's focus on selling ready-to-move-in projects, which include a diverse range of condominiums and horizontal projects that cater to the needs of both domestic and international buyers. In this New Normal era, project development will emphasize value to align with consumers' purchasing power and public health measures to ensure customer confidence during project visits.

 

Additionally, the company successfully transferred five completed condominium projects in Q3/2020 into Q4/2020, including the Ashton Asoke-Rama 9, Ideo Q Sukhumvit 36, Ideo Mobi Sukhumvit East Point, Ideo Ratchada-Sutthisan, and Elio Sathorn-Wutthakat projects, under the new lifestyle concept “THE NEW ICONIC.” These five projects will help drive the highest transfer volume in Q4/2020 for the year.

The company is closely monitoring the Covid-19 outbreak situation and is fully committed to adhering to government policies to collectively curb the spread of the virus. Measures have been implemented to emphasize the safety and hygiene of residents, customers, employees, and partners to ensure safety both at the projects and in all sales offices, as the safety of residents and visiting customers is our top priority.