Mr. Warasit Pokachaiyapat, Chief Executive Officer of M.K. Real Estate Public Company Limited (MK), revealed that the company continues to operate its business in 2018 according to the plans announced at the beginning of the year. With an investment budget of 5 billion baht, it is divided into 4 billion baht for projects for sale and 1 billion baht for rental and service businesses. The company aims to launch 7 new projects in prime locations this year, expecting total sales revenue from these projects to reach 3.5 billion baht. In the first half of the year, 2 projects have already been officially launched, including the single-house projects 'Chuan Chuen City South/Ville-Watcharapol' and 'Chuan Chuen City North/Ville-Watcharapol' in the prime area of Watcharapol.

          For the second half of the year, the company plans to open 5 new projects with a total value of 4.54 billion baht, which includes 3 single-house projects and 2 townhome projects in prime locations such as West Bangkok, North Bangkok, and Bangkok-Pathum Thani. The company is confident that these projects will receive a positive response due to their advantageous locations and the functional designs that cater to consumer living needs.

          In terms of rental and service businesses, Mr. Warasit Pokachaiyapat added about the plans and overall operations in this area: “For Prospect Development Co., Ltd. (PD), a subsidiary developing and managing the Bangkok Free Trade Zone, the warehouse and factory rental business currently has a total rental space of 115,000 square meters and is in the process of developing an additional 38,000 square meters this year. Recently, Prospect Development has partnered with TICON Logistics Park Co., Ltd. (TPARK), a subsidiary of TICON Industrial Connection Public Company Limited (TICON), which specializes in developing and managing factories and warehouses, to develop more than 100 rai of additional factories and warehouses. Scania Group (Thailand) Limited is the first customer of this collaboration, having developed a built-to-suit factory on a 22 rai area with a total usable area of 14,000 square meters, valued at 350 million baht.

          As for Your Property Management Co., Ltd., in the first half of the year, it has taken on the management of 3 additional projects, with a goal to manage 5 more projects in the second half, aiming to expand its service scope to a total of 8 projects this year.

          Another important highlight of M.K. Real Estate Public Company Limited that many are watching is the development of the 'Park Court' apartment and condominium project in the heart of Sukhumvit, valued at 3 billion baht, targeting the upper market segment and attracting both Thai and foreign investors. This serves as a testament to the company's potential, as nearly 50% has already been sold and rented out, with expectations to achieve full sales and rentals by 2019. The golf service business, Flora Ville Golf and Country Club, which has undergone a makeover and rebranding, and Flora Ville Golf and Sport Club, officially opened earlier this year, has received positive feedback from users, with projections for a 40% increase in revenue from these golf and sport club services in 2018.

          “The company believes that in the second half of the year, with the investment atmosphere and market mechanisms in the third and fourth quarters, the real estate business will continue to show positive movement. Furthermore, the company's operations remain on track with the planned objectives, and its strengths in developing residential projects with outstanding locations, pricing, and practical space designs in potential areas will be a significant driving force for the company's growth this year,” Mr. Warasit Pokachaiyapat concluded.

Thank you for the information from www.mk.co.th