"Pruksa" is set to transfer 7 condominium projects in prime locations in the heart of Bangkok, with a total value of 11.5 billion baht, preparing to recognize revenue of 5 billion baht this year. Customers are keeping their appointments for transfers, not abandoning their reservations despite the challenges posed by COVID-19, ensuring they get the best value that cannot be found elsewhere. Additionally, a Financial Clinic service will be launched to provide home loan consulting from partner banks. With the anticipated reopening of the country, the real estate sector is expected to recover. 

           Mr. Piya Prayong, CEO of Pruksa Real Estate Public Company Limited, announced that “Starting from the third quarter of this year, the company will gradually transfer a total of 7 completed condominium projects valued at over 11.5 billion baht, including Chapter Thonglor 25, The Privacy S101, Chapter One Flow Bangpho, The Privacy Tao Poon Interchange, The Tree Phatthanakan-Ekkamai, The Reserve Sathorn, and Plum Condo Sukhumvit 97.1.”

          The company expects to recognize revenue of 5 billion baht this year, with the remainder to be recognized next year. This is anticipated to help achieve the revenue target for 2021 set at 32 billion baht, reflecting customer confidence in their continued desire to transfer condominiums, as the prices customers booked during the pre-sale are the best and cannot be found at this price anymore.  

The 7 condominium projects are all in prime locations, close to the BTS Skytrain, and situated in the central business district. The land prices in these areas have been increasing every year, and there is a continuous demand for housing both for investment and personal residence. It is expected that after the Thai population receives vaccinations as planned and the country reopens, foreign nationals will be able to travel for work and tourism in Thailand, leading to a gradual recovery of the Thai economy, followed by a revitalization of the real estate business. Pruksa has about 20% of its customers being foreigners who continue to show interest in urban residences.

 

“This year has been very challenging. Even though some customers have been affected by COVID-19, they have not abandoned their reservations and are keeping their appointments for property transfers as scheduled. Pruksa understands the current situation and has launched the Financial Clinic service for customers seeking advice on purchasing condos, offering the best deals from leading partner banks, including special interest rates and suitable installment plans based on their income, alleviating their concerns about financing,” 

 

“In addition to transferring the 7 completed projects in the third quarter of this year, Pruksa also has other ready-to-move-in condominium projects in various prime locations and price ranges to meet all lifestyle needs. Customers can confidently schedule visits to projects with strict COVID-19 safety measures in place. All sales and customer service staff have been vaccinated. Alternatively, customers can contact us online for a virtual 360-degree tour of the projects, watch our Facebook Live sessions, or schedule a visit through Line, www.pruksa.com, or call 1739,”