Mr. Traitecha Tangmattatham, Managing Director of Supalai Public Company Limited, stated that the overall performance in the first half of 2022 exceeded expectations in terms of sales, revenue, and property transfers. Particularly, the completed ready-to-move-in products in the horizontal project and condominium segments, which are spread across various locations, have shown significant growth as customers can see the actual products at affordable prices, positively impacting the company's property transfer rates.

Additionally, the company has 23.2 billion baht worth of completed ready-to-move-in products, divided into over 15.8 billion baht in condominium projects and 7.4 billion baht in horizontal projects, which are expected to support sales growth in the second half of the year. Positive signals are coming from the continuous recovery in project visitor numbers, along with plans to launch new projects in the horizontal and condominium segments as scheduled. This includes the launch of a new brand with new house designs and functions in the horizontal project, Supalai Tuscany Don Kaew - Mae Rim, a luxurious Italian-style project set amidst mountains, located in one of the best areas of Mae Rim District, Chiang Mai Province. The company is also introducing two loft-style condominium projects, Supalai Loft Tax Station Charan and Supalai Loft Ratchada - Wong Sawang, which have garnered significant interest from customers, resulting in the company exceeding its sales targets.

In the first half of 2022, the company launched a total of 13 new projects in Bangkok, the surrounding areas, and other provinces, consisting of 11 horizontal projects and 2 condominium projects, with a total value of approximately 20.71 billion baht. This has allowed the company to maintain excellent growth across all residential segments, with total sales reaching 18.216 billion baht, a 40% increase from 2021's 13.005 billion baht, and a 6% increase from the first quarter of 2022's 8.852 billion baht. This growth is attributed to positive customer responses across all project locations with completed ready-to-move-in products, including new launches, which accounted for 5.73 billion baht in sales from new and completed condominiums, representing 96%, and 12.486 billion baht from horizontal products including single houses, twin houses, and townhomes, representing 24%, and 65% of the sales target set at 28 billion baht, indicating that the company has the potential to exceed its sales target for 2022.

Furthermore, the company continues to see rising revenue and profits after achieving record highs in 2021, with total revenue of 14.092 billion baht, an increase of 28%. This includes revenue from property transfers in Bangkok, the surrounding areas, and other provinces amounting to 13.508 billion baht, a 27% increase from 2021, with 55% from house and townhome transfers and 45% from condominiums. The net profit reached 3.253 billion baht, a 32% increase from the same period in 2021, resulting in a net debt-to-equity ratio of 59%. The company has managed cash flow effectively, with a backlog of approximately 27.962 billion baht as of June 30, 2022, expected to be gradually recognized as revenue in 2022 amounting to 13.695 billion baht. In the first half of the year, six completed condominium projects were delivered to customers, totaling 15.82 billion baht, which received positive feedback from customers.

 

The company's board of directors has approved an interim dividend payment for the first half of the year to shareholders at a rate of 0.70 baht per share, with the ex-dividend date (XD) set for August 23, 2022, and the dividend payment date on September 7, 2022.

Nevertheless, the company is confident that the real estate market will continue to grow in the second half of 2022. The demand for mid-range and high-end products remains strong, particularly in the horizontal segment, while condominiums need to be targeted by segment. The company is preparing to continuously develop new projects, totaling 21 projects valued at 19.29 billion baht, reflecting strong sales in the horizontal segment during the first half of the year. Therefore, there are plans to focus on launching 20 horizontal projects and one condominium project, with new product designs and brand launches, continuously improving product quality and services, and expanding into new provinces with potential locations to meet consumer demand, including two new provinces for horizontal projects: Chachoengsao and Nakhon Sawan, along with a new condominium brand.

Although 2022 is a challenging year for the real estate sector, the company is confident in its ability to handle market fluctuations and adapt its strategies quickly, supported by a strong financial position, while continuing to deliver quality products that meet customer needs and drive environmentally friendly business operations and sustainable energy management.