Bangkok – All Inspire Development Public Company Limited (ALL) has set its strategy for the second half of the year, launching new projects including low-rise and high-rise condominiums and townhomes worth a total of 12.5 billion baht, aiming to penetrate the real demand market. CEO Thanakorn Thanvarit reaffirmed confidence that this year, revenue will reach a record high of 4.5 billion baht, with a backlog of over 8 billion baht. Following a successful first half of the year, the company reported total revenue of 1.692 billion baht, a 49% increase, and a net profit of 213 million baht, up 29%. In Q2/2019, total revenue was 840 million baht, also a 49% increase, demonstrating growth across all dimensions. The company has also launched an international sales team comprising members from four nationalities under Thai D Real Estate Co., Ltd., aiming to expand its foreign customer portfolio.

          Thanakorn Thanvarit, CEO of All Inspire Development Public Company Limited (ALL), a developer of residential properties including condominiums and townhomes, as well as related real estate development businesses, stated that the company's performance in the first half of 2019 has grown as anticipated. The group achieved total revenue of 1.692 billion baht, a 49% increase, and a net profit of 213 million baht, up 29% compared to the same period last year. In Q2/2019, the group reported total revenue of 840 million baht, a 49% increase, and a net profit of 116 million baht, up 44% from the same period last year. This growth reflects the company's effective management focused on developing condominium projects along the electric train lines and in high-potential locations to genuinely reach the real demand market, ensuring that all of the company's projects meet the needs of all residential groups.


          Following the success in the first half of the year, the company is preparing to implement its investment expansion strategy in the second half, planning to launch new projects worth over 12.5 billion baht, including low-rise and high-rise condominiums and townhomes. The company is set to launch The Vision Ladprao - Nawamin Phase II, expected to open for sale on August 31. Meanwhile, The Excel Ladprao - Sutthisan, which was launched earlier this month, saw customers rush to book, achieving over 850 million baht in sales within just one day, accounting for over 70% of the project's total value of 1.2 billion baht. This success reinforces confidence that all upcoming projects will receive similar positive responses.

          “The company has three newly completed projects worth over 5 billion baht, including 1. The Vision Ladprao - Nawamin project valued at 1.4 billion baht, 2. Impression Phuket project valued at 2 billion baht, and 3. The Excel Hideaway Sukhumvit 71 project valued at 1.6 billion baht. With plans to launch new projects, the company is confident that revenue for 2019 will continue to grow towards the target of 4.5 billion baht, partly due to revenue recognition from the backlog of approximately 8 billion baht as of the end of June 2019, which will be gradually recognized over the next 3-4 years. This includes 5.52 billion baht from low-rise condominiums, 2.24 billion baht from high-rise condominiums, and 240 million baht from townhomes. Currently, the company has completed inventory ready for sale and transfer valued at approximately 201 million baht from The Excel Khukot and Rise Rama 9 projects.

          Additionally, the CEO of All Inspire Development Public Company Limited discussed plans to expand into international markets to increase the proportion of foreign customers. On August 28, the company launched its international marketing and sales management team through Thai D Real Estate Co., Ltd., which acts as an agent and broker for real estate in foreign markets. The official launch of the management team from four nationalities marks a significant step for the company in expanding its business operations by opening sales offices in Shanghai and Taipei, which are among the most populous cities in the People's Republic of China, presenting a significant opportunity to expand its Chinese customer base in the near future. He also mentioned progress in investing in the leasehold rights of The New Forum Plaza shopping center in Chonburi, covering an area of 11-3-74 rai, with a total gross building area of 34,952 square meters and a gross leasable area of 11,593 square meters, under a 29-year lease agreement valued at approximately 600 million baht. This diversification into shopping malls began construction in July 2019 and is expected to be completed by mid-2020, with commercial operations anticipated in the second half of 2020, generating monthly revenue of over 10 million baht. After a full year of operation in 2021, it is projected to yield an average annual revenue of 200 million baht, contributing a total of 5.8 billion baht over the lease term, with 90% from rental income and 10% from other sources.


          "With a commitment to generate returns for shareholders, following our fundraising in the mai stock market in May, the performance in the first half of the year has shown remarkable growth, outperforming the overall residential industry, reflecting the dedication of our management team. In the second half of the year, despite several challenging factors, we believe that the real estate industry will improve overall, and we are confident that our performance across all dimensions will meet our targets. Another significant development is the opening of sales offices in Shanghai and Taipei, which are among the most densely populated cities in the world. The quality of our international sales team under Thai D Real Estate Co., Ltd. will help drive sales to foreign customers and enhance brand recognition globally in the future," concluded Thanakorn.

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