Supalai Continues to Succeed in the Australian Real Estate Market

In the first half of 2021, it achieved over 3.5 billion baht in contracts and transfers

Supalai Public Company Limited has shown strong growth in the Australian real estate market, with contracts and transfers exceeding 3,500 million baht in just the first half of 2021, more than doubling compared to the same period in 2020.

Dr. Prasart Tangmattatham, a board member of Supalai Public Company Limited and project supervisor in Australia, revealed that despite the ongoing impact of the COVID-19 pandemic on the global economy, including Thailand, which has affected the real estate business, Supalai's projects in Australia have continued to perform excellently. In the first half of 2021, the contract and transfer figures for Supalai's projects in Australia grew more than twofold compared to the same period in 2020.

Specifically, the contracts in the first half of 2021 amounted to 3,525.9 million baht, compared to 561.5 million baht in the first half of 2020. Supalai has three projects that have generated significant revenue for the company out of a total of 11 projects: Balmoral Quay, New Haven, and Katalia. It is expected that these three projects will be key drivers for the company's operations in Australia in the second half of 2021 and into 2022.

The Katalia project is a joint venture between Supalai Public Company Limited and Stockland, the largest real estate company in Australia. This project has a capital of approximately 2,500 million baht and was launched for sale in the fourth quarter of 2020, achieving a very high monthly sales rate compared to Australian standards.

Meanwhile, the transfer value in the first half of 2021 was 1,726.4 million baht, compared to 767.6 million baht in the same period of 2020. The Gen Fyansford project, which allocates land on a former limestone quarry site located on the western side of Geelong, southwest of Melbourne, had the highest transfer value. Supalai Public Company Limited believes that its projects in Australia will be a significant driver of revenue that will help the company achieve its performance targets set for 2021.

Image