Ananda Development Public Company Limited, or ANAN, a leader in urban residential development and the market leader in condominiums near BTS stations, has announced its ongoing business success. In Q2/2019, the company achieved sales of over 6.1 billion baht, a 27% increase from the first quarter, resulting in total sales for the first half of the year exceeding 10.9 billion baht. Despite launching only two new projects, which account for 30% of the annual sales target of 36 billion baht for 2019, the company plans to introduce several new projects in the second half of the year, which will contribute to sales growth in line with its goals. The company will continue to develop condominiums near BTS stations to maintain its leadership position in this market.

          Dr. Chaiyut Chunhachai, Chief Financial Officer of Ananda Development Public Company Limited, stated that the company has consistently achieved high sales, particularly in Q2/2019, with sales reaching over 6.1 billion baht, a 27% growth from the first quarter. This resulted in total sales for the first half of the year exceeding 10.9 billion baht, primarily driven by sales from existing projects, which received positive feedback from customers. This performance is considered satisfactory given the challenging real estate market conditions both domestically and internationally. He believes that the demand for housing, especially near BTS stations, remains strong.

          In Q2, the company launched the IDEO Q Phaholyothin-Saphan Khwai project, a highlight project in collaboration with Mitsui Fudosan, achieving sales of 39% of the units available for sale. This reflects the ongoing demand for condominiums near BTS stations, with consumers ready to purchase if the product meets their living needs. Additionally, the company launched the Unio Town Pracha Uthit 76, a horizontal project.

          With continuous sales and positive consumer feedback, the company is confident in launching new projects. Currently, the company has over 10 plots of land ready for development, preparing to launch condominiums near BTS stations to meet customer demand at affordable prices, including locations like Sam Yan, Sukhumvit, and Thonglor. A new horizontal project under the brand “URBANIO Chaeng Watthana” is also set to be launched, which is expected to receive a positive response similar to previous projects.

          “However, challenges in the real estate market persist, stemming from both domestic and international factors. The company is aware of and continuously monitoring the situation, ready to adjust business plans if necessary to maintain long-term stability. All of the company’s business plans continue to support ongoing growth and emphasize its leadership in the condominium market near BTS stations in Thailand, while maintaining strict financial discipline. The goal is to keep the net interest-bearing debt-to-equity ratio at 1 time as a long-term target, ensuring that the company’s growth does not increase risks that could impact its long-term stability,” Dr. Chaiyut added.

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