ASW Promotes KAVE Brand to Meet Demand as Educational Institutions Reopen, Reports Surge in Campus Condo Sales with Rental Yields of 8-10%
Asset Wise Public Company Limited (ASW) showcases its success as a leader in campus condos that cater to Gen Z lifestyles, highlighting a surge in demand from investors and homebuyers. The feedback for the new project, Kave Town Colony at Bangkok University, has been strong, with the first special booking event achieving over 42% of the total project value in just one day, equivalent to 70% of the available units. The company is confident that total sales for the year will exceed 10 billion baht.
Mr. Kramchad Wiphanpong, CEO of Asset Wise Public Company Limited (ASW), a leading real estate developer focused on lifestyle under the concept of "Happiness Designed for You" or "We Build Happiness," stated that the development of the KAVE brand has been one of ASW's most successful ventures, consistently receiving positive feedback from customers since the launch of the first project. Recently, the Kave Town Space and Kave Town Shift projects have also achieved 100% sales closure.
_Kave_Town_Colony_.jpg)
The key to ASW's success, reinforcing its leadership in the campus condo segment and lifestyle development, lies in its understanding of Generation Z's needs. The company focuses on designing living functions that suit the lifestyles of the new generation, offering comprehensive facilities equipped with technology to enhance comfort, safety, and a good environment for residents and investors. Particularly in the campus condo segment, the rental yields are as high as 8-10%, leading to a continuous increase in demand from investors.
_Kave_Town_Colony_.jpg)
The real estate market is showing significant signs of recovery, especially the demand for campus condos near educational institutions, as reflected in the KAVE Condo project, which has seen a noticeable increase in sales since May following the start of the academic term. The new project, Kave Town Colony at Bangkok University, valued at 1.8 billion baht with 1,083 units, opened for its first VVIP booking event on June 25, achieving a record 42% of the total project value in one day, or 70% of the available units, thanks to its prime location next to the university and a starting price of only 1.39 million baht. This project is expected to significantly contribute to the company's total sales exceeding 10 billion baht this year.
Kave_Town_Colony_.jpg)
ASW operates in the real estate business, focusing on developing high-rise and low-rise residential projects in prime locations under the concept of "Happiness Designed for You" or "We Build Happiness." To date, the company has developed over 44 condominium and housing projects under various brands designed to create happiness suitable for every lifestyle, including KAVE, ATMOZ, MODIZ, ESTA, and THE HONOR, with a total project value of over 46.7 billion baht. This includes 32 completed and ready-to-move-in projects and 12 projects currently under development. ASW currently has a backlog valued at over 8.207 billion baht, which will be recognized as revenue continuously.