Property Perfect has sold its hotels and ski resort in Japan for 15 billion yen and is now focusing on real estate business. The company also has the completed condominium project "You Kiroro" ready for transfer, and is set to expand its joint venture projects in the country with three partners: Hongkong Land, Sumitomo Forestry, and Sekisui Chemical.

Mr. Sanit Atthayanasukul, CEO of Property Perfect Public Company Limited, revealed that the company has signed a sales agreement for the Kiroro Resort in Japan, which includes two hotels with a total of 422 rooms and a ski area, valued at 15 billion yen, to GKKM and the NAPIER TMK Trust Fund. The process is expected to be completed by November.

“This hotel business sale is part of our investment management strategy in Japan, aligning with the company's strategic plan. It is a profitable sale, allowing us to focus on investments in real estate development where we have expertise. The company also has the condominium project "You Kiroro" that has been completed and is ready for transfer, valued at 1.2 billion baht. This project caters to both vacation home seekers and investors, generating good sales and nearing completion. Customers of "You Kiroro" can still enjoy skiing and various facilities of the hotel as before,”

Mr. Sanit further stated that the income generated will be used to repay debts to financial institutions, which will reduce the company's net debt-to-equity ratio as planned. Additionally, it will be used to expand investments in further joint venture projects within the country with three international partners: Hongkong Land, Sumitomo Forestry, and Sekisui Chemical. For next year, the sales target from projects under the joint venture with these three companies is set at 3 billion baht. In December, there will be a pre-sale for the joint venture project with Hongkong Land, the second project named "Lake Legend Bangna-Suvarnabhumi," valued at 6.08 billion baht. The "Lake Legend" brand has successfully launched its first project in the Chaeng Watthana area, making this project a continuous expansion into the super-luxury customer segment.

This December, the company will also invest further in a project in Khao Yai, preparing to launch the second phase of the project “Bella Del Monte Khao Yai,” after the first phase received positive feedback due to the growth of the vacation home market in Khao Yai recently. Most customers are looking for homes by the lake. Due to this positive response, the company is accelerating the expansion of phase two to introduce new lakeside homes. The total project value of “Bella Del Monte Khao Yai” is 3 billion baht.