Mr. Natthapong Khunakaravong, CEO of SC Asset Corporation Public Company Limited (SC), revealed that “In the past 10 months, our sales growth has set an excellent record, totaling 12.267 billion baht, a 32% increase, with 70% coming from horizontal projects and 30% from high-rise projects. Here’s a summary:

  1. Sales from horizontal projects in the past 10 months grew to a new high of 35%, totaling 8.5 billion baht.
  2. Maintained the number one market share for homes priced over 15 million baht, growing 73% (yoy), and ranked second in the single-detached house segment priced over 5 million baht, growing 16% (yoy).
  3. Sales of single-detached houses priced between 3-5 million baht grew by 188%, entering the top 10 market share for the first time.
  4. For high-rise sales, the 28 Chidlom project reached 80% of The Tower building, which was the first building to be launched for sale.

In terms of total revenue for the first 9 months, it amounted to 7.843 billion baht, with core revenue from sales at 7.19 billion baht and rental and service income at 634 million baht, resulting in a net profit of 703 million baht. Additionally, there is a backlog of sales waiting to be transferred totaling 9.8 billion baht, with 30% ready for transfer this year and the remaining 70% to be transferred in 2018-2019.

For Q3/60, compared to the previous quarter, SC reported total revenue of 3.228 billion baht, a growth of 13%, with a net profit of 363 million baht, up 37%, representing a profit margin of 11.3% of revenue. As of September 30, 60, the company and its subsidiaries had total assets and liabilities of 38.328 billion baht and 23.972 billion baht, respectively, with a total of 37 projects ready for sale valued at 32.52 billion baht.

Mr. Natthapong confidently stated, “In 2017, SC aims to achieve sales growth to meet the target of 16 billion baht, a 38% increase (yoy). The key factor is the launch of 5 new projects worth over 8.2 billion baht, including 4 Bangkok Boulevard projects in prime locations starting at 5.9 million baht, and a new brand of 2-story townhomes called Project Work Phetkasem 81 starting at 1.99 million baht. We are also running a special campaign for a total of 15 projects, including single-detached houses and townhomes, with the best promotions of the year until December 17.”

Additionally, to foster innovation in living solutions, SC has partnered with its latest strategic partner, Fire One One Co., Ltd., which provides consulting and operational services for organizations aiming to transition to the Digital Economy by leveraging technology as a key driver. The meeting resolution approved the purchase of a 20% stake in Fire One One Co., Ltd. under the leadership of CEO Mr. Chakrit Chanrungsakul, who has over 10 years of experience in property tech. Together, they will develop a Living Solutions Platform to enhance the convenience and safety of residents in SC projects. This platform will address all critical factors in living, such as home automation, security systems, renewable energy, and more. The main goal of SC in this investment is to have a strategic partner focused on creating innovations for living and Digital Technology, which will play a crucial role in the sustainable growth of the organization in this era. Furthermore, SC's direction in residential development aims to integrate Digital Technology with high-quality housing to create Living Solutions based on a deep understanding of the lifestyles of residents.

Thank you for the information from www.scasset.com