Major Development Public Company Limited reaffirms its leadership in the luxury real estate and Pet-Family Residences sector with improved performance in the fourth quarter of 2024, achieving net profit and accumulating a backlog and presale total of over 9 billion baht, reflecting the brand's strong potential and readiness for continuous growth.

Strong Backlog, Moving Forward to Recognize Revenue in 2025

Ms. Petchlada Poovoralak, Chief Executive Officer of Major Development Public Company Limited stated, "Despite challenges in the real estate market, our company continues to grow according to our Diversify Revenue strategic plan. Last year, we generated significant revenue from our luxury single-house project, Malton Gates Krungthep Kreetha, and the ready-to-transfer condominium project, Metris Pattanakarn-Ekkamai, along with the success of ongoing projects such as Muniq Phrom Phong, which achieved sales of over 3.4 billion baht, Muniq Charoen Krung with sales exceeding 2.7 billion baht, Mavista Phrom Phong with sales over 1.1 billion baht, and Maru Chula with sales exceeding 220 million baht."

While the overall performance in 2024 still shows a loss, the fourth quarter alone recorded a net profit of 38 million baht, which is a positive sign. In 2025, the company is set to recognize revenue from its backlog, particularly from the Metris District Ladprao project, which has a total transfer value of over 2 billion baht, with ownership transfers starting from June onwards. This will be complemented by ownership transfers from the luxury home project, Malton Gates Krungthep Kreetha, and the upcoming highlight project, Marquis Phayathai, expected to launch sales in the third to fourth quarter of this year, which will be a key factor in driving the company's growth forward.

Superior Marketing Strategy and After-Sales Service
Additionally, the company remains committed to developing luxury real estate projects under the Craft & Quality concept, emphasizing quality, design, functionality, and sustainability to provide the best experience for customers. We will continue to implement targeted marketing strategies and enhance after-sales services to strengthen the brand.

“We are confident that 2025 will be another successful year for Major Development, with a strong strategic plan and effective backlog management. We are ready to set new standards for the Thai real estate market,” Ms. Petchlada concluded.