Dr. Wichian Pathayanant, Chief Executive Officer of Chao Phraya Mahakhan Co., Ltd. (Public) or CMC, a leader in real estate business development, announced the results for the second quarter of 2021, reporting a profit of 79 million baht, a staggering growth of 13,480%. Total revenue reached 735 million baht, up 43%, with real estate revenue contributing 635 million baht, an increase of 204 million baht or 47% compared to the same period last year. This growth is attributed to effective marketing strategies and the completion of new projects ready for ownership transfer, valued at over 2.6 billion baht, including the Bangkok Horizon Light @ Phetkasem 48 and The Q Vibhavadi projects. In the first half of the year, both projects saw a steady stream of customers transferring ownership, coupled with an Agile work model that allowed employees to respond quickly to customer needs in uncertain conditions.

Looking ahead to the second half of this year, CMC expects continued growth and is set to launch a new condominium project, CEROCCO Bangna 36, an 8-story building with 4 buildings and 752 units, valued at over 1.2 billion baht. With competitive pricing, room functionality, and location, it is expected to meet the real demand for housing in the Bangna area. Additionally, CMC has a backlog of sales waiting for transfer that will gradually contribute to revenue in the second half, along with sufficient inventory for ongoing growth, including townhome projects ready for ownership transfer this year, such as Casa Diva Sathorn-Ring Road Phase 2 and Casa Diva Sathorn-Ring Road Phase 3.

CMC continues to focus on aggressive marketing strategies, deeply engaging with the online real demand segment, and maintaining high-quality after-sales service to ensure maximum customer satisfaction. Furthermore, CMC has partnered with Zipmex to enter the borderless world, expanding the buying and selling of condos and homes using cryptocurrency, targeting a new generation of investors interested in the crypto market both in Thailand and abroad, aiming for financial strength and sustainable growth.

“CMC is committed to overcoming the ongoing COVID-19 crisis, which has peaked in the last two years, by enhancing confidence with strict hygiene measures, prioritizing the safety and comfort of our valued customers. Currently, all CMC employees have been fully vaccinated against COVID-19. We also provide peace of mind for customers interested in visiting by allowing them to register for private tours, as well as offering 360° virtual tours online via FB Live and LINE Chat Live, which will facilitate decision-making for online bookings,” Dr. Wichian concluded.