Ananda Development Public Company Limited, or ANAN, a leader in urban residential development and the top player in the condominium market near the BTS Skytrain, is confident that the real estate market shows signs of recovery. The company is set to expand into international markets, increasing its foreign customer base. It has announced a business collaboration with KME Property, a real estate agency from Myanmar, to present premium residential projects targeting major investors and businesspeople in Myanmar who are looking for quality condominiums and second homes. This represents a new customer segment for the Thai real estate market, which saw high purchase volumes throughout 2022. The company is confident that sales in the Myanmar market will grow more than twofold this year, exceeding 300 million baht.

Mr. Prasert Butdulyasathit, Chief Executive Officer of the Real Estate Business at Ananda Development Public Company Limited, revealed that the company plans to aggressively enter international markets, particularly Myanmar, where sales have consistently grown beyond 150 million baht over the past year. This indicates that this customer segment has a high purchasing potential. The collaboration with KME Property will expand the customer base in Myanmar throughout 2023 by offering a variety of real estate projects, including newly launched projects, pre-sales during construction, and ready-to-move-in projects. Additionally, there are two flagship condominium projects located in Sukhumvit and Phahonyothin-Bridge Khwai, along with ready-to-transfer projects valued at a total of 34 billion baht. The company is confident that this collaboration will receive a positive response, as the demand for housing among Myanmar investors is currently growing, which will help drive the Thai real estate business forward.

Partnering with a strong and capable business ally like KME Property to present premium projects with internationally standardized services to luxury customers through roadshow events in Yangon and Mandalay, the company aims for sales in the Myanmar market to exceed 300 million baht this year. In 2022, Myanmar rose to the 7th position for the highest number of condominium ownership transfers in Thailand, with an average transfer value of 7.1 million baht.

Ms. May, founder of May and the Lifestyle and CEO of KME Property, stated that collaborating with a leading urban residential development company like Ananda Development will make it easier for customers to decide to purchase projects, as it is a publicly listed company. The mid-range condominiums at reasonable prices are accessible, and the reputable brand of Ananda can attract a significant number of target customers.

The partnership between Ananda Development and KME Property aims to expand the customer base in Myanmar and throughout the region, as well as to achieve sales in the Myanmar market exceeding 300 million baht in 2023. By combining the expertise and market insights of both partners, they will be able to offer valuable investment opportunities and support real estate investments for investors in the most suitable manner.