Property Perfect has announced that its first quarter saw the successful launch of the new project "Market Avenue," which received a positive response, achieving over 150% of sales targets. The company is set to continue into Q2 with the launch of 4 additional new projects valued at a total of 4.95 billion baht, along with new phases in 2 existing projects, catering to customers across all segments. Meanwhile, joint venture projects continue to perform well, with expectations to meet set targets, while also strengthening financial stability by reducing debt and generating profits from land sales worth 830 million baht.

Mr. Wongsakorn Prasithwiphat, Managing Director of Property Perfect Public Company Limited, stated that the first quarter of the year showed promising signs with the launch of the new project "Market Avenue Chaeng Watthana–Ratchaphruek," located in a new business area on Chaeng Watthana–Ratchaphruek. The VIP pre-sale round received an excellent response, achieving sales exceeding 150% of the target. In the first quarter, the company recorded sales of 3.2 billion baht, close to the set target, primarily from mid to upper-range housing products, which the company is focusing on more this year, particularly in the upper-end housing market.

In Q2, the company plans to launch 4 new projects with a total value of 4.95 billion baht, covering all customer segments. This includes the "Perfect Park" single-family homes in two locations: Chaeng Watthana-Ratchaphruek and Bang Yai, valued at a total of 3.25 billion baht, targeting middle-income starter families. The "Vavilla Sukhumvit 77-Suvarnabhumi" project, valued at 700 million baht, features new three-story single-family homes for upper-income customers. Additionally, the "iCondo Active Pattanakarn" project, valued at 1 billion baht, aims to elevate the iCondo brand to cater to those seeking urban living. The company will also continue pre-sales for new phases in two projects: "Bella Del Monte Khao Yai" Phase 2, under the concept "Creek Valley," featuring homes on terraced land designed with streams flowing through each house, and the second phase of "Market Avenue Chaeng Watthana–Ratchaphruek," which received a very positive response in the first phase. Furthermore, a Kids Club will be developed in various project clubs, focusing on activities that enhance children's muscle development and both EQ and IQ, with the first opening in Q2 at the Sukhumvit 77-Suvarnabhumi project club.

The company is also focused on growth from joint venture projects and the hotel business. The joint ventures with three partners, including Hongkong Land, Sumitomo Forestry, and Sekisui Chemical, aim for total sales of 4.4 billion baht this year. In the first quarter, sales were at a satisfactory level, particularly from the joint venture with Hongkong Land, which achieved sales of 500 million baht. A new project will be launched in collaboration with Sumitomo Forestry in the new Ratchaphruek area in Q3, with the company investing in road expansion and landscape improvements to prepare for the new project launch. In the hotel business, the overall first quarter revenue increased by 321% compared to the same period last year, with growth in both occupancy rates and room rates, recovering faster than anticipated.

Additionally, the company is working to strengthen its financial stability by signing a land sale contract worth 830 million baht to reduce debt and generate profits.

The "Market Avenue Chaeng Watthana–Ratchaphruek" project during the VIP pre-sale round, achieving sales beyond expectations.

"Bella Del Monte Khao Yai Phase 2" under the concept "Creek Valley."

In Q2, the launch of "iCondo Active Pattanakarn," a new urban condominium project.