Ananda is confident in surpassing 10 billion baht in transfers, with accumulated cash of over 5.7 billion baht by the end of Q3, and is preparing to launch new projects worth over 20 billion baht to welcome the market's recovery after COVID.

Ananda Development Public Company Limited (ANAN), a leader in urban residential development, holds the top position in the condominium market near electric train lines. The company is confident in its operational potential, expecting to achieve transfer sales exceeding 10 billion baht this year, while also affirming its strong financial position with cash flow of over 5.7 billion baht by the end of Q3, in preparation for the real estate market's recovery post-COVID.

Mr. Sermsak Kwanphuang, Chief Financial Officer of Ananda Development Public Company Limited (ANAN), stated that the company aims to maintain its leadership in developing residential properties near electric train lines with a vision that is pioneering in Thailand, continuously evolving as an organization. This aligns with the goals set for both condominium and horizontal projects. Recently, the company announced a capital increase to strengthen its ability to invest and expand projects along the electric train lines, receiving strong support from major shareholders for this investment increase.


Mr. Sermsak Kwanphuang, Chief Financial Officer of Ananda Development Public Company Limited (ANAN)

Additionally, as various measures begin to ease, it is anticipated that economic activities, including in the real estate market, will resume, having already passed the lowest point. The company plans to accommodate this market recovery by preparing to launch new projects in 2022 worth over 20 billion baht.

The company is ready and flexible to adapt to ongoing changes in product development, sales, and new marketing strategies, as well as adjusting its approach to customer engagement, despite the impacts of the COVID situation. As a result, by the end of Q3, the company had cash reserves of up to 5.7 billion baht, instilling confidence in its financial liquidity strength, ready for future investment expansion.