CP LAND has announced its residential business performance for the first 9 months of 2022, expressing satisfaction with growth in line with targets, generating revenue of 900 million baht, and is confident of exceeding overall targets in the remaining 3 months.

CP LAND Public Company Limited, a leading real estate developer in Thailand, reported that its residential business performance for the first 9 months of 2022, from January to September, has expanded according to the set goals, generating over 900 million baht in revenue. This growth is attributed to serious efforts to elevate quality standards, along with CP LAND's marketing initiatives, partnerships with 10 financial institutions, and the launch of the campaign “CP LAND, Anyone Can Borrow.” Additionally, the company hosted a housing and condominium fair and a music event in the ‘Garden of Tuscani’ to introduce new homes in the Tuscany area of Min Buri - Pracha Ruam Jai 37, alongside the overall recovery of the Thai economy.

Mr. Damrongsak Thungnguen, Deputy Managing Director of Condominium and Rental Office Management at CP LAND, revealed that the residential business performance for the first 9 months of 2022 has met the set targets, generating over 900 million baht in revenue. This success is due to serious efforts to elevate quality standards and marketing measures, including partnerships with 10 financial institutions, creating the phenomenon “CP LAND, Anyone Can Borrow,” which facilitates home and condominium buyers in their transactions with partner banks. One campaign alone has led to a 30% increase in revenue compared to the period before the campaign started. Currently, the company has expanded its collaboration to 12 partner banks, including BAY - Krungsri Bank, BBL - Bangkok Bank, GH Bank - Government Housing Bank, GSB - Government Savings Bank, IBank - Islamic Bank of Thailand, KBank - Kasikorn Bank, KKP - Kiatnakin Phatra Bank, KTB - Krung Thai Bank, SCB - Siam Commercial Bank, TTB - TMBThanachart Bank, CIMB - CIMB Thai Bank, and UOB - United Overseas Bank.

Additionally, the company is running a housing and condominium fair across over 25 potential projects nationwide, offering chances to win a vacation condominium, a Khao Yai house project, and other prizes worth over 2.7 million baht until the end of this year, simply by purchasing a home or condominium from CP LAND. The music event in the ‘Garden of Tuscani’ also aims to boost sales opportunities, helping the company meet its sales targets. The overall Thai economy is recovering further as concerns over the COVID-19 pandemic ease, leading to a revival in tourism, increased income, and purchasing power. Potential homebuyers are also accelerating their decisions to purchase homes as construction material costs rise, indicating that housing prices are likely to increase.

“Data shows that over 70% of customers who decide to purchase residences from CP LAND are buying for actual living (Real Demand), while 30% are investors for rental purposes. The projects that have received positive responses are mainly located in the northeastern (Isaan) and northern regions, including Kalpapruek in Maha Sarakham, Park Condo Dream in Nakhon Ratchasima, Udon Thani, and Mae Sot. This success is due to their strategic locations, value for money, and various supporting campaigns. We believe that in the remaining 3 months, we will achieve our revenue targets, aligning with CP LAND's overall goal this year to generate total revenue of 1.7 billion baht, representing a 42% increase compared to 2021,” Mr. Damrongsak stated.

For more information and to schedule visits to all 25 residential projects nationwide by CP LAND, please contact:
Line OA: @cpland click the link https://lin.ee/ySC2hK0 or call 020708888.