SENA reaffirms its mission for the year, "SENA Strong," standing resilient against every crisis. The company continues its proactive strategy by launching 9 new projects valued at 8.4 billion baht to close out the Year of the Ox. The easing of LTV regulations is expected to stimulate real demand purchasing power. The company reported a total revenue of 4 billion baht over the past 9 months, with accumulated profits of 613 million baht, and a backlog of 8 billion baht at the end of Q3/2021.

Ms. Athika Boonrodchu, Director of Funding and Investment at SENA Development Public Company Limited, a leading real estate developer in both horizontal and vertical projects, and the first developer to create a fully solar-powered village, stated that although the COVID-19 pandemic seems to be improving, the new variant "Omicron" is causing another wave of disruption, leading to a slowdown in the overall market. However, business must continue, and SENA is ready to adapt to the ongoing situation, allowing for continuous growth driven by the Bank of Thailand's easing measures and the government's low-interest loan policies, reduced transfer and mortgage fees, and the announcement to relax regulations on housing loans to 100% LTV, which presents a great opportunity for those looking to purchase homes at this time.

This supportive factor is a positive sign that stimulates consumer purchasing power and improves the overall Thai real estate market in Q4. SENA is launching 9 new projects with a total value of over 8.4 billion baht, consisting of 3 horizontal projects and 6 condominium projects priced below 1 million baht, targeting real demand customers, especially first-jobbers seeking housing close to their workplaces to reduce commuting and rental costs. The projects include Nich Mono Rama 9 (JV), Flexi Rattanathibet, Flexi Sathorn-Charoen Nakorn (JV), SENA Eco Town Rangsit Station, SENA Kith MRT Bangkae (Phase 2), SENA Kith Sridan (JV), SENA Vela Theparak - Bang Bo (JV), SENA Village Ram Inthra Km. 9, and SENA Village Rangsit – Bangpoon.

During the past 9 months, SENA achieved sales of 3.846 billion baht, accounting for 54% of its annual sales target of 7.111 billion baht, and revenue of 3.688 billion baht, which is 53% of its revenue target of 6.943 billion baht (including joint ventures). The total revenue for the company stands at 4.065 billion baht, with a net profit of 613 million baht, a satisfactory figure amid a challenging year.

Currently, the company has a backlog of 8.019 billion baht as of September 30, 2021. In Q4/2021, there are still 2 projects awaiting transfer of ownership: Flexi Sathorn-Charoen Nakorn (joint venture) and Nich Mono Itsaraphap (joint venture), along with Nich Mono Mega Space Bangna (joint venture), which will begin transferring ownership by the end of this year, allowing for revenue recognition of 3.496 billion baht in the remaining months of this year and subsequent recognition in the following year.

In 2021, SENA launched a total of 13 new projects valued at 10.505 billion baht, comprising 8 joint venture projects worth 5.541 billion baht and 5 SENA projects worth 4.964 billion baht. Throughout this period, SENA has operated with caution and managed its cash flow robustly, reducing risks while effectively handling uncertainties under the mission of the year, "SENA Strong".